Chrysler Deal Goes Through

By: Associated Press
By: Associated Press

Cerberus Capital Management has taken over Chrysler.

The private equity firm has bought an 80 percent stake from DaimlerChrysler for $7.4 billion.

The deal sets the beleaguered 82-year-old automaker on a new path to recovery as a private company.

Daimler will retain a 20 percent interest in the company. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

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