Index » Automotives » Chrysler sold to Cerberus!

AML
User
20 Posts

Mercedes-Benz sold Chrysler to Cerberus for $7 billion. They bought it for $36 billion.

Who can Photoshop a three-headed Ram?

NZ Benz
User
227 Posts

Yup thats the way a private equity firm operates buys bargin companies, I'll be interested to see what they do with it. I think they might try to turn it around either that or asset gut it. I'd expect more job cuts to start to get that pension and health plan cost in line, they must be pissing out money ...