Cerberus to pay $7.4B for Chrysler stake

Discussion in 'General Tow Rig Discussion' started by CK5, May 14, 2007.

  1. CK5

    CK5 WhooHoo! Administrator Moderator

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    Cerberus to pay $7.4B for Chrysler stake

    DETROIT - Chrysler's 80,000 workers may pay the price for German-based parent DaimlerChrysler's decision on Monday to turn over the keys of its U.S. car company to private equity firm Cerberus Capital Management for $7.4 billion.

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