This edition of sponsored by:
MiscellaneousCerebus Purchase of Chrysler May Become Official Today
Posted by mike on 2007/8/3 8:44:59 (1086) reads

Could today be the day that Chrysler Group is once again an American car company?

We just saw this article on iWon Money that indicates that might be the case:

A historic deal that places Chrysler Group in the hands of private equity firm Cerberus Capital Management LP was expected to close Friday, according to a Chrysler official who asked not to be named because the deal was not yet completed.

The $7.4 billion deal was announced in May. Under the terms, DaimlerChrysler AG will transfer an 80.1 percent stake in Chrysler to New York-based Cerberus. Daimler will retain a 19.9 percent interest in the company.

Reader Reactions

The comments are owned by the poster.
We aren't responsible for their content.
You must login or register to post a comment.

Poster Thread
Posted: 2007/8/3 10:30  Updated: 2007/8/3 10:30
Home away from home
Joined: 2005/7/13
Posts: 377
 Re: Cerebus Purchase of Chrysler May Become Official Today
I am looking forward to the privatization of the company... Cerebus has a history of holding onto their purchases and has voiced every intent to do so with this company... so few worries of cannibalization. Their first order of business will be to get the UAW and CAW to agree to foot a majority/all of the legacy healthcare costs. After that is completed Cerebus can get on with business ... a Chrysler group with less bean counters and more focus on quality, performance, and what loyal customers want.
Main Menu
JeepNewsNow Everywhere


Lost Password?

Register now!
Jeep Classifieds
Syndication - RSS
Add Jeep News Headlines to your site for free!

Display the latest Jeep news headlines on your Web site using our RSS 2.0 news feed!

RSS 2.0

Or, if you prefer, an even easier way of putting the headlines on your Web site is to utilize our free, JavaScript-based headlines. Check them out!
Who's Online
27 user(s) are online (4 user(s) are browsing News)

Members: 0
Guests: 27

mike's totally free jeep news now is designed and maintained by
Copyright © 1998-2010 mike's totally free jeep news now
Privacy Policy | Disclaimer | Advertising Info