Daimler and Chrysler to part
June 30th, 2009 | by admin |
May 14 - Private equity firm Cerberus is to buy the majority of DaimlerChrysler’s struggling Chrysler Group for $7.4 billion.The sum is a fraction of the $36 billion deal that created the transatlantic car union nine years ago. Cerberus Capital Management gets an 80.1% stake in Chrysler and its related financial services business, in a deal which will not trigger any more job cuts beyond the 13,000 announced by Chrysler in February.
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One Response to “Daimler and Chrysler to part”
By urameshiyaaa on Jun 30, 2009 | Reply
And the results are …
And the results are in!:
wsws. org/articles/2007/nov2007/chry-n02. s h t m l
(remove the spaces)
shouldn’t be any more job cuts, eh?
Capitalist mother ers!