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Cars > B_body_debauchery69’s Garage > Blog > cerberus

 

B_body_debauchery69’s Profile Photo

B_body_debauchery69

M –23
Marysville, Ohio
United States

 

B_body_debauchery69’s Blog Posts 1 – 5 of 5

Awesome Mopar Finds!
Fri Dec 21, 2007  |  comment
Death Proof
Fri Oct 26, 2007  |  1 comment
57' Plymouth Belvedere Unearthed From Time Capsule!
Fri Sep 28, 2007  |  comment
magazine
Fri Aug 31, 2007  |  comment
cerberus
Thu May 17, 2007  |  1 comment

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cerberus

By B_body_debauchery69

Im here to inform mopar fans that chrysler has been sold to Cerberus, i think a german based car company. Chrysler was sold for 7.4 billion. chrysler will be changed form Daimler Chrysler AG to just Daimler AG, i know stupid right. I dont want to start rumors but unfortunatly they have halted production for the 2008 cchallenger untill further notice, I have also herd that the Cerbreus comany wants to "Do away" with dodge. i can tell you this know, if they try to cancle dodge, ima do some seriouse strikes in michigan. if you want more info i would go to google and type in chrysler and go to the thrid one down, daimler chrysler home or go to daimlerchrysler.com. please i would love to hear your opinions so dont hold back!![img]http://[/img]

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corsa’s Profile Photo
corsa
May 17, 2007 at 8:33 pm
Actually, Cerberus is a United States company, it is a private investment firm based in New York.

Some info on the purchase from Bloomberg:

"The sale would legally change DaimlerChrysler Motors Company LLC, the legal name of the Chrysler Group, to Chrysler Holding LLC, a private firm, not a public company required to meet the financial disclosure requirements of the SEC regulators. The sale must obtain approval from capital market regulators in Germany and the United States. The sale would make Chrysler the first Big Three U.S. automaker to go private. Daimler Chrysler, Mercedes-Benz, will change its name to Daimler AG and retain a 19.9% percent stake in the new company. The transaction cost Cerberus $7.4 billion but will give it 80.1% ownership."

It will be interesting to see how this turns out.
 

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Cars > B_body_debauchery69’s Garage > Blog > cerberus

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