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Archive for May 17th, 2007

Cerberus Buy Out of Chrysler Points to Industry Growth Pains

Thursday, 17 May, 2007

By now we’re all familiar with the broad details of the Cerberus Capital Management “buy out” of Chrysler. As it shakes out, Daimler will swallow profit losses of around $5.4 billion so, in effect, they paid to dump a company for which they shelled out $37 billion just nine years ago. There’s really little way [...]