By Doug Cunningham

Canadian Auto Workers president Buzz Hargrove says the CAW isn't interested in any "partnership" with billionaire Kirk Kekorian's private equity fund in its bid to buy Chrysler.

[Hargrove]: "Anytime these groups want to offer you a partnership, it's a very junior partnership. And it means you give, you give and you give they get. So we're not interested in a partnership in Canada with Mr. Kekorian."

Hargrove says when financiers like Kekorian make their moves on a company like Chrysler it's essentially a pillaging of the company to the detriment of the workers.

[Hargrove 2]: "They come in, buy as low as they can get and then throw a lot of people out of work, downsize as much as they can, make the organization lean and mean. And in a very short turn-around period they sell and make a bundle of money for a small number of executives at the expense of thousands of workers and their families and their communities."