Chrysler might not be headed for the junkyard after all. The struggling automaker got a new lease on life, as well as an opportunity to recreate itself as a truly American company today, when Cerberus Capital received an 80% stake from DaimlerChrysler.
Cerberus is one of the world's biggest private equity firms, making the Chrysler brand not only American once again, but also privately owned.
Chief Tom LaSorda seems pleased with the private ownership, saying "Going private means we can bring laser-like focus to our business and make the long-term investments needed to compete."
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Cerberus is one of the world's biggest private equity firms, making the Chrysler brand not only American once again, but also privately owned.
Chief Tom LaSorda seems pleased with the private ownership, saying "Going private means we can bring laser-like focus to our business and make the long-term investments needed to compete."
Discuss
Add this link to...
Tell a friend
Bury
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