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    Author Topic: Chrysler sold?  (Read 514 times)

    Offline basement

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    Chrysler sold?
    « on: May 17, 2007 - 12:21:33 PM »
    Can someone help clear up my confussion over this story about Chrysler or a division of, being sold to a German company?
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    Offline ChallengerHK

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    Re: Chrysler sold?
    « Reply #1 on: May 17, 2007 - 01:12:18 PM »
    The Chrysler Group (Chrylser, Dodge, Jeep) was sold to Cerberus (I think it's actually called Cerberus Management), an investment company. Consensus (which may or not be correct) is that Cerberus will try to make Chrysler (henceforth Chrysler Holdings LLC) attractive in the short term to turn it over for a quick profit.
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    Offline ViperMan

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    Re: Chrysler sold?
    « Reply #2 on: May 17, 2007 - 04:51:00 PM »
    Correct - and many people have hinted at the theory of the quick turn-around.  Keep watch for lay-offs - that'll be our confirmation.

    At this point we'll be very lucky if the Challenger ever sees production.
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    Offline ChallengerHK

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    Re: Chrysler sold?
    « Reply #3 on: May 18, 2007 - 06:01:43 AM »
    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070518/AUTO01/705180401/1148

    Cerberus is saying the right things, but of course that's what we'd expect them to say. We'll see what happens.
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    "She'll make point five past light speed. She may not look like much, but she's got it where it counts, and I've made a lot of special modifications myself."

    - Han Solo, Star Wars

    Advice Thread - Taking Pictures Of Cars
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