WebApr 1, 2009 · Cerberus put in only about one-fifth of the capital for Chrysler and GMAC, limiting its financial downside, but it was in charge of appointing new management teams and establishing Chrysler’s... WebOct 20, 2008 · Simultaneously, Cerberus, which bought 80.1 percent of Chrysler from Daimler AG in a $7.4 billion deal last year, is negotiating to acquire Daimler's 19.9 percent stake.
Chrysler to cut up to 10,000 factory jobs Reuters
WebDec 26, 2008 · On the day the Chrysler deal closed, Cerberus secured a loan of $225 million against the headquarters from Citigroup Global Markets Realty Corp., public … WebFeb 23, 2009 · Cerberus and Daimler, which retained a stake in Chrysler, have promised to convert $2 billion in loans to Chrysler into equity, which should help reduce its debt. But Cerberus said giving fresh money would violate its fiduciary duty to investors, breaking company rules limiting how much it can commit to any given investment. iplayer planets
Company Behind Chrysler Maintains Privacy : NPR
WebMar 29, 2010 · Cerberus is known to the public for its purchases of an 80 percent stake in Chrysler in 2007 and a 51 percent stake in the financing arm of General Motors (GMAC) in 2006. Former VP Dan Quayle is a high-profile Cerberus spokesman and runs one of the firm’s international units. WebMar 30, 2009 · Cerberus Capital Management has received $5.5 billion in U.S. government funding for Chrysler and its financing arm and is seeking more, while maintaining what critics see as a black-box approach ... WebDec 17, 2008 · Chrysler has said it urgently needs $7 billion in federal loans to keep going. But at the same time, its owner, a powerful private-equity firm called Cerberus Capital Management, was pushing a... iplayer points west