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.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Pam Location: Jackson on Aug 3, 2007 at 05:00 PM
    Perhaps Chrysler can start doing the hiring that Granholm has been promising.
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