VermontHunter Posted August 3, 2007 Report Share Posted August 3, 2007 Chrysler becomes American once again ... Chrysler became an American company again Friday as Cerberus Capital Management gained a controlling share from Chrysler's German owners and started on the long road to restoring the 82-year-old automaker's luster — and profits. DaimlerChrysler AG transferred an 80.1 percent stake in Chrysler to New York-based Cerberus, one of the world's largest private equity firms, in a $7.4 billion deal. The German automaker retained a 19.9 percent interest in the new company, Chrysler LLC. Chrysler becomes the first U.S. automaker in private hands since Ford Motor Co. went public in 1956. http://news.yahoo.com/s/ap/20070803/ap_on_bi_ge/chrysler_cerberus;_ylt=Ak77Z6halT.ees0wfuEV55hv24cA Just thought you car folks would like to hear this news ... Quote Link to comment Share on other sites More sharing options...
Texan_Til_I_Die Posted August 3, 2007 Report Share Posted August 3, 2007 I see a showdown looming between the new owners and the union. Depending on the out come of that, they might stand a good chance at regaining some of the US market share. Quote Link to comment Share on other sites More sharing options...
VermontHunter Posted August 3, 2007 Author Report Share Posted August 3, 2007 I see a showdown looming between the new owners and the union. Depending on the out come of that, they might stand a good chance at regaining some of the US market share. I totally agree ,, there's a showdown about to take place,, but I think it's going to be between the leaders of the Union and the Employee's tho .. :eek: I hope Chrysler makes a HONEST go of it ... Quote Link to comment Share on other sites More sharing options...
stevebeilgard Posted August 5, 2007 Report Share Posted August 5, 2007 i hope they make it this time... Quote Link to comment Share on other sites More sharing options...
Ravin R10 man Posted August 5, 2007 Report Share Posted August 5, 2007 Maybe now they will stop making those ugly cars....boxes with wheels on them..YUCK! Quote Link to comment Share on other sites More sharing options...
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