Can a Cerberus deal help out Chrysler?

Discussion in 'The Coffee Shop ~ Chit Chat' started by ChevyFan, May 14, 2007.

  1. ChevyFan

    ChevyFan The Sheriff Staff Member 5+ Years 5000 Posts

    News Monday that New York-based private equity firm Cerberus Capital Management has paid $7.4 billion for a majority stake in DaimlerChrysler’s struggling Chrysler unit brings to an end a period of uncertainty for Detroit’s No. 3 automaker. But will the deal put the troubled automaker on the road to success? By MSNBC.com’s Roland Jones.

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