Godlike Productions - Discussion Forum
Users Online Now: 889 (Who's On?)Visitors Today: 156,078
Pageviews Today: 273,041Threads Today: 120Posts Today: 1,723
06:05 AM


Back to Forum
Back to Forum
Back to Thread
Back to Thread
REPLY TO THREAD
Subject What you don't know about the auto-bailout proposal/Cerberus owns Chrysler...and gun co's and a Japaneese bank that LEHMAN BROS covered
User Name
 
 
Font color:  Font:








In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Original Message I don't want to hijack another thread....so I thought I'd post on this one....

Senator Tom Coburn (Oklahoma) was interviewed on CNN this morning and was very telling......

who really owns Chrysler?....and they have 25billion in assets, and won't invest in their own company......

On May 14, 2007 DaimlerChrysler AG announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continues to hold a 19.9% stake. This was when the company took on its current name. The deal was finalized on August 3, 2007.

On August 6, 2007, after the announcement of the spin-off to Cerberus, the Chrysler LLC, or "The New Chrysler", unveiled a new company logo and launched its new website with a variation of the previously used Pentastar logo. Robert Nardelli also became Chairman and CEO of Chrysler under the ownership of Cerberus.

On October 23, 2008, Daimler announced that its stake in Chrysler had a book value of zero dollars after write offs and charges.

Who is Cerberus Capital management?
Pictures (click to insert)
5ahidingiamwithranttomatowtf
bsflagIdol1hfbumpyodayeahsure
banana2burnitafros226rockonredface
pigchefabductwhateverpeacecool2tounge
 | Next Page >>





GLP