Cars
Chrysler has been SOLD for $7.4 billion dollars. The seller keeps 20% of the business, leaving the door open for economies-of-scale benefits and some giving/sharing/taking opportunities between Benz and the Chrysler Group. The buyer is Cerberus Capital Management, a private equity management firm whose Chairman is former Treasury Secretary John Snow. Daimler-Benz paid $37 billion for Chrysler in 1998 in a so-called 'merger of equals'. The Good Buyer at GoodValueBadValue has done a great cost analysis.
Head on over to goodvaluebadvalue.blogspot.com
- Former Chrysler Ceo Nardelli Says Cerberus Could Have Saved The Automaker
It's been two years since Bob Nardelli stepped down as Chrysler CEO while the company was still owned by private equity firm Cerberus Capital Management LP, for which he still works, but the 63-year-old exec still has the hots for the Detroit carmaker....
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Daimler Stops Talks With Cerberus On 19.9% Chrysler Stake
*Update: Cerberus Statement Added After the Jump Divorces always seem to end in the most bitter ways. Mercedes-Benz's parent company Daimler issued an edgy statement today in concern of the negotiations with private equity firm Cerberus for the sale...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...
- Breaking News: Chrysler Group Sold To Cerberus For €5.5 Billion / $7.4 Billion - Mercedes Retains 19,9%
It wasn’t Renault, it wasn’t GM and it wasn’t of course Hyundai; as DaimlerChrysler announced this morning, one of the largest private investment firms in the world, Cerberus will take control of the Chrysler Group (Chrysler, Dodge...
Cars
BREAKING NEWS - CHRYSLER
Chrysler has been SOLD for $7.4 billion dollars. The seller keeps 20% of the business, leaving the door open for economies-of-scale benefits and some giving/sharing/taking opportunities between Benz and the Chrysler Group. The buyer is Cerberus Capital Management, a private equity management firm whose Chairman is former Treasury Secretary John Snow. Daimler-Benz paid $37 billion for Chrysler in 1998 in a so-called 'merger of equals'. The Good Buyer at GoodValueBadValue has done a great cost analysis.
Head on over to goodvaluebadvalue.blogspot.com
- Former Chrysler Ceo Nardelli Says Cerberus Could Have Saved The Automaker
It's been two years since Bob Nardelli stepped down as Chrysler CEO while the company was still owned by private equity firm Cerberus Capital Management LP, for which he still works, but the 63-year-old exec still has the hots for the Detroit carmaker....
- Daimler Agrees To Give Up Its 19.9% Stake In Chrysler
Mercedes-Benz's parent company Daimler has reached an agreement with Cerberus to let go of its remaining 19.9% stake in Chrysler LLC and write off a $1.5 billion loan that went to the American automaker in 2007. The new agreement will help Chrysler...
- Daimler Stops Talks With Cerberus On 19.9% Chrysler Stake
*Update: Cerberus Statement Added After the Jump Divorces always seem to end in the most bitter ways. Mercedes-Benz's parent company Daimler issued an edgy statement today in concern of the negotiations with private equity firm Cerberus for the sale...
- Chrysler In Preliminary Merger Talks With Gm
According to separate reports in The New York Times and The Wall Street Journal, two of the most iconic and troubled.... names in the American industry, General Motors and Chrysler LLC, have been in preliminary talks the past month or so concerning a...
- Breaking News: Chrysler Group Sold To Cerberus For €5.5 Billion / $7.4 Billion - Mercedes Retains 19,9%
It wasn’t Renault, it wasn’t GM and it wasn’t of course Hyundai; as DaimlerChrysler announced this morning, one of the largest private investment firms in the world, Cerberus will take control of the Chrysler Group (Chrysler, Dodge...