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.


WILX.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 8894927 - wilx.com/a?a=8894927