SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold01:04Rombaon grabs bronze in cross country MTB race01:27Filipino athletes get grand send-off ahead of SEA Games02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award That disappointment, though, didn’t leave head coach Ghicka Bernabe with any hint of bitterness as she congratulated new champion Adamson University Pep Squad.“I’m really happy for Adamson because they’re like NU,” said Bernabe in Filipino Saturday. “I’m also happy for UE [University of the East] because it’s been so long since they got into the top three.”FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkNU finished fourth with 610.50 of a possible 800 points, and saw its string of four straight titles come to dust.The former champions started off their routine poorly after failing to execute their lifts with several slips occurring at the beginning of their performance. Although NU recovered in the final four minutes of its Under the Sea performance, the earlier deductions were enough to prevent a fifth championship.Bernabe added that she doesn’t want the loss to dishearten her players and she hopes they can bounce back stronger in future editions of the competition.“I don’t want this loss to really affect my players because I know that they’re really good performers,” said Bernabe. “If this loss will affect someone, let it affect us coaches. I still believe in the ability of my players.” ADVERTISEMENT Jake says relationship with Shaina ‘goes beyond physical attraction’ Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene MOST READ Jake says relationship with Shaina ‘goes beyond physical attraction’ Coco’s house rules on ‘Probinsyano’ set It’s too early to present Duterte’s ‘legacy’ – Lacson Jo Koy: My brain always wants to think funny Don’t miss out on the latest news and information. Coco’s house rules on ‘Probinsyano’ set NU Pep squad performs during the 2017 UAAP Cheerdance Competition at Mall of Asia Arena. Photo by Tristan Tamayo/INQUIRER.netNational University walked into Mall of Asia Arena with all the momentum in the world as its Pep Squad prepared to win its fifth straight title in the UAAP Cheerdance competition.NU Pep Squad, however, walked out of MOA Arena beaten without even getting the chance to step on the podium.ADVERTISEMENT View comments OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Sports Related Videospowered by AdSparcRead Next GALLERY: UAAP Season 80 Cheerdance Competition LATEST STORIES Kiss-and-tell matinee idol’s conquests: True stories or tall tales?
Buzz Hargrove, president of the Canadian Auto Workers union that represents about 11,000 Chrysler workers, said he had “enormous concerns.” Many private-equity groups have a long-standing history of “job cuts as opposed to job creation,” he said. The sale also raised questions of what car buyers should do, although one industry analyst said consumers had little to fear from the company that makes Jeeps, Chryslers and Dodges. Jeremy Anwyl, president of the Edmunds.com automotive Web site, said warranties and spare-parts rules must be honored by law. “From a consumer perspective, in the practical sense, there’s no real downside. I think consumers are pretty well protected,” he said. Consumers, he said, may benefit from the deal because Chrysler will have more money to invest in its products. Investors liked the news. DaimlerChrysler’s shares rose $2.12, or 2.6 percent, to close at $84.12. They have traded in a 52-week range of $45.98 to $84.90. Industry analysts said the likelihood that Cerberus would cut more jobs is low, but many predicted the company would be far tougher at the bargaining table when union talks with the Detroit Big Three automakers begin this summer. Gerald Meyers, a former chairman of American Motors Corp. who now teaches leadership at the University of Michigan, said Cerberus will need concessions from the UAW to turn a profit on its investment, something that may be difficult. “I think their hopes of negotiating with the UAW are at best speculative,” he said. “Ron Gettelfinger is a very tough and smart and well-educated negotiator. He knows he holds the keys to this kingdom. I think there are going to be some difficult days in this upcoming negotiation.” Cerberus and Chrysler, he said, likely will set the pattern for the other two Detroit automakers, Ford Motor Co. and General Motors Corp. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! DETROIT – Billy Boyd, a Chrysler worker for almost 34 years, is so skeptical about Monday’s sale announcement that he might not stick around much longer. Like many of Chrysler’s roughly 80,000 employees, Boyd, 51, a machine operator at the automaker’s Kenosha, Wis., engine plant, isn’t sure what to make of the unusual deal. Parent company DaimlerChrysler AG is paying as much as $650 million to walk away from Chrysler by turning over the keys to Cerberus Capital Management LP, a New York private equity firm. “It sounds good,” Boyd said before work Monday afternoon. “Are they buying us to help us out or to suck the blood? It’s kind of scary.” Boyd plans to speed up his retirement. At many Chrysler plants in Canada as well as the U.S., workers also worried about what it will cost them as word spread about the $7.4 billion sale. Many are fearful of private equity buyers; in the past, some of these buyers have sold off companies in pieces to make a fast buck. The skepticism remained even after Cerberus Chairman John Snow, a former U.S. Treasury secretary, tried to reassure workers that his company had faith in Chrysler management and would be with Chrysler for the long haul. And doubts persisted after Chrysler Group Chief Executive Tom LaSorda said no major plans are under discussion to cut jobs beyond the 13,000 announced in a February restructuring plan. The deal, which severs a stormy nine-year relationship between Chrysler and what was once Daimler-Benz AG, also renewed Chrysler workers’ fears about pensions, health insurance and life under the new owner. Daimler bought the company in 1998 for $36 billion in a merger intended to create the ultimate global automotive powerhouse. United Auto Workers President Ron Gettelfinger said Monday that after his pitch to keep Daimler and Chrysler together failed, it became clear that Cerberus was the best option for workers. “So once that decision’s been made, then you’ve got to deal with the cards that you’re dealt,” he said, adding that he did not think the sale would have an impact on upcoming national contract talks.