Cerebus Sells Portion of Chrysler

[Cuda340]

Cerebus has sold a portion of its Chrysler holdings.

One of the investors is the Aozora Bank of Japan. I am having terrible visions of the Mitsubishi Challenger of the late 1970s!!


UPDATE 1-Cerberus sells most of stake in GMAC, Chrysler-FT | Markets | Markets News | Reuters

[425hpChargerSRT8]

I can see chrysler being foreigned owned completely in 3 years
But god help us all if that mitsubishi version comes back

[Ragamuffin]

I never was too hopped up when it was announced Cerberus was buying DCX ! I, at times , think the FTC should /should have investigated.What brand of vehicle does Feinberg drive :??? This whole worldwide financial "Pac-Man" mentality is ruining America [if not already;besides other factors] ! Aozora Bank is buying,yet Cerberus owns that !! Something very,very could be coming our way ,and hopefully we will not be !!! Just found a song Feinberg just made to help Consewmate the deal :

YouTube - The Vapours - Turning Japanese

[SRT-6]

I thought I saw a post a while back about Dodge and Nissan building a vehicle jointly, I think it was a small pick-up but I'm not sure.

[ChuckG]

I wouldn't read anything into this.

Chrysler was going nowhere with DCX as the owner. I give Cerberus some slack. Their fingerprints are all over the Challenger, and after all look what we got? Something really nice.

And yes, I know the Challenger was designed when DCX owned them.

[Ragamuffin]

Originally Posted by SRT-6

I thought I saw a post a while back about Dodge and Nissan building a vehicle jointly, I think it was a small pick-up but I'm not sure.

You're correct,thought it was here: just cannot find it yet ! It's Nissan's Titan. Hopefully, Chrysler &/or Cerberus won't allow the Hemi in a Nissan,but I wonder if Feinberg/Cerberus is a 'leech'. I know this may sound weird and ridiculous but is it possible that Feinberg has been "brainwashed" /coerced :

YouTube - Turning Japanese-The Vapors

!!!Ohhh,my, I think I could ....

[RadarmagneT]

They did NOT sell controlling interest in Chrysler or GMAC... Cerb. is just getting MORE investors in the "fund"...

Too much Chicken little nowadays. Jump to the worst conclusion possible, regardless of actual facts!

Industry News: Cerberus Denies Chrysler Sell Off Claim

[425hpChargerSRT8]

Originally Posted by RadarmagneT

They did NOT sell controlling interest in Chrysler or GMAC... Cerb. is just getting MORE investors in the "fund"...

Too much Chicken little nowadays. Jump to the worst conclusion possible, regardless of actual facts!

Industry News: Cerberus Denies Chrysler Sell Off Claim

come on, be cool about it. I think it was more of a misinterpretation than jumping to conclusions. Good news regardless

[Ragamuffin]

Ok, I/we need more facts;who can provide these ? Well, possibly no one except Mister Cerberus himself. That is the tricky part of business deals involving Private Equity firms. Nothing has to be disclosed , which can or cannot be a good thing. No one knows if all the investment money coming from within America or abroad was legit or from honest grains ! If abroad ,who checks to determine if funds were obtained legally or not ? As one article stated ,' the identity of the 80.1 stake of DCX/Chrysler was not and still has not be disclosed : or has it ? I/we just have to wait and see.Heck, until recently, I did not know a Japan could buy / has the Charger SRT to drive around and that the Middle East has their own version of the Dodge Charger called TVC ;as well as other Chrysler vehicles ! Chrysler and other seems to be jumping on this New World Order [of economy]Bandwagon [which includes the spreading of "Democracy"] !