Chrysler majority stake sold to Cerberus
US: Cerberus raises record financing for Chrysler – paper
New owner Cerberus is looking serious about turning around Chrysler, after announcing its $7.4bn purchase of an 80.1% stake from…
US: Cerberus-Chrysler union courtship starts
Cerberus Capital Management and leaders of the Chrysler Group on Tuesday will try to convince union leaders that their $US7.4bn…
GERMANY: Cerberus best met five key criteria – Zetsche
Cerberus Capital Management best met five criteria to purchase Chrysler, DaimlerChrysler CEO Dieter Zetsche told a press conference in Stuttgart…
US: Cerberus acquires Chrysler
Cerberus Capital Management has taken over a majority interest in Chrysler Group and its related financial services business for $7.4bn…
GERMANY: The new Daimler AG
Following the sale of Chrysler, DaimlerChrysler has announced that the name of DaimlerChrysler AG is to be changed to Daimler…
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CANADA: Car workers’ head calls Chrysler sale ‘worrisome’
Canadian Auto Workers union president Buzz Hargrove reportedly has called DaimlerChrysler's decision to sell the Chrysler group to Cerberus Capital…
US [updated 16:50]: Chrysler price wins approval
Today’s announcement that Chrysler Group has been sold by DaimlerChrysler to private equity firm Cerberus has been well received at economic…
GOLDING’S TAKE: Only UAW concessions can make Chrysler worth more than zero
The perfect solution for Chrysler would be that it be bought by the UAW. For the union, it is an…