Cerberus Takes Control of Chrysler: Private equity firm takes 80% control of Chrysler - ModernCamaro.com - 5th Generation Camaro Enthusiasts
Automotive Industry News For General Auto Industry news other than Camaro.

 
LinkBack Thread Tools
post #1 of 7 Old 08-03-2007, 03:12 PM Thread Starter
 
Join Date: Aug 2006
Posts: 1,032
 
Cerberus Takes Control of Chrysler: Private equity firm takes 80% control of Chrysler

DETROIT -- It's official -- the 1998 transatlantic merger that was supposed to change the auto industry has ended.
ModernCamaro.com News is offline  
Sponsored Links
Advertisement
 
post #2 of 7 Old 08-03-2007, 04:17 PM
ModernCamaro.com Founder / Former Camaro Disciple
 
OctaneZ28's Avatar
 
Join Date: Jan 2006
Location: Chicagoland, IL
Posts: 11,842
           
Wow, I thought this deal wasn't supposed to close until the 4th Quarter.

Cool deal!
So Chrysler is officially American again! :gr_patriot:

2001 Camaro Z28 H/C/I LH6 A4 3.42

Like ModernCamaro.com on Facebook!
OctaneZ28 is offline  
post #3 of 7 Old 08-03-2007, 06:58 PM
Veteran Member
 
Luwinkle's Avatar
 
Join Date: Jul 2007
Location: Louisville, KY
Posts: 10,420
 
I'm a little leary of Cerberus..they're buying companies up left and right. They bought Remington, too. And a lot more I can't remember.



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!

Quote:
Originally Posted by Jeremy Clarkson
A turbo, exhaust gasses go into the turbocharger and spin it, with a supercharger, air goes in, witchcraft happens and you go faster.
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
Luwinkle is offline  
 
post #4 of 7 Old 08-03-2007, 08:13 PM
Dark Side Moderator
 
Jinx's Avatar
 
Join Date: Jul 2007
Location: Burlington , NC
Posts: 2,665
  
Remington and chrysler? Hmmm.

-2008 challenger with fender mounted rifles.
-08 chally promo motto- " If we can't beat a camaro, we can shoot them".


2005 Mustang GT-4.6L 3v /M5
2.3L Whipple Intercooled, 3.25'' pulley(11psi),FRPP 62mm TB, FRPP Stinger Axleback, UPR catted X-pipe, FRPP Handling Pack, 20'' Staggered Black Steeda Spyder Wheels, NT-05 Nittos, 3.73s, Hurst Shifter, and DF Centerforce Clutch
527rwhp, 479rwtq
Jinx is offline  
post #5 of 7 Old 08-03-2007, 08:49 PM
ModernCamaro.com Founder / Former Camaro Disciple
 
OctaneZ28's Avatar
 
Join Date: Jan 2006
Location: Chicagoland, IL
Posts: 11,842
           
Cerebus also purchased 51% of GMAC.

They are a HUGE HUGE HUGE investment firm.

2001 Camaro Z28 H/C/I LH6 A4 3.42

Like ModernCamaro.com on Facebook!
OctaneZ28 is offline  
post #6 of 7 Old 08-03-2007, 11:23 PM
Veteran Member
 
Luwinkle's Avatar
 
Join Date: Jul 2007
Location: Louisville, KY
Posts: 10,420
 
For some reason, I'm having a semi-bad feeling about this company buying everything up. Kinda like when that Bowling company bought out Harley-Davidson.



Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!

Quote:
Originally Posted by Jeremy Clarkson
A turbo, exhaust gasses go into the turbocharger and spin it, with a supercharger, air goes in, witchcraft happens and you go faster.
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
Luwinkle is offline  
post #7 of 7 Old 08-04-2007, 01:55 AM
Dark Side Moderator
 
Jinx's Avatar
 
Join Date: Jul 2007
Location: Burlington , NC
Posts: 2,665
  
I dont know why they would invest in chrysler, mean i can understand GMAC and Remington.

Unless they are expecting the company to make a big turn around or something this seems like purchasing cola-cola stock after the recent aquafina news.

I was kinda expecting automotive companies to buy up divisions of chrysler, like GM buying Jeep and merge it with Hummer, Mister*****i (lol) to buy the rest.

But I guess its here to stay. :gr_patriot:


2005 Mustang GT-4.6L 3v /M5
2.3L Whipple Intercooled, 3.25'' pulley(11psi),FRPP 62mm TB, FRPP Stinger Axleback, UPR catted X-pipe, FRPP Handling Pack, 20'' Staggered Black Steeda Spyder Wheels, NT-05 Nittos, 3.73s, Hurst Shifter, and DF Centerforce Clutch
527rwhp, 479rwtq
Jinx is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the ModernCamaro.com - 5th Generation Camaro Enthusiasts forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome