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Cerberus Takes Control of Chrysler: Private equity firm takes 80% control of Chrysler

907 Views 6 Replies 4 Participants Last post by  Jinx
DETROIT -- It's official -- the 1998 transatlantic merger that was supposed to change the auto industry has ended.
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Wow, I thought this deal wasn't supposed to close until the 4th Quarter.

Cool deal!
So Chrysler is officially American again! :gr_patriot:
Cerebus also purchased 51% of GMAC.

They are a HUGE HUGE HUGE investment firm.
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