New models show private equity firm Cerberus may be buying Chrysler at a good time

Jun 21, 2007 | Posted by: roboblogger | Full story: International Herald Tribune

“If I'm Cerberus, I'm buying Chrysler for dirt ... right on the cusp of one of the biggest product launches in the decade”

CHELSEA, Michigan: With its purchase of Chrysler looming, Cerberus Capital Management LP could be buying control of the struggling automaker at a good time. via International Herald Tribune

Comments
1 - 4 of 4 Comments Last updated Jun 27, 2007
joe b

Pittsburgh, PA

#1 Jun 23, 2007
Chrysler can go "pound sand". I absolutley hate that company for the trouble there cars put me through.
Rob

New Albany, IN

#2 Jun 23, 2007
But what you may not have seen
is that Toyota has already
passed both Ford and GM in a different category -
automotive recalls.

Although we've barely passed mid-February,
Toyota has already recalled! 533,417
vehicles this year in a mix that, according to www.AutoRecalls.us ,
includes Tundras Sequoias and Camry’s. That puts Toyota on track to recall
more than the over 1.76 million autos they recalled in the U.S. and Japan
in 2006, and the 2.2 million they recalled in 2005 when they recalled
more cars than they built.

What's more, the current recall
related to the Turdra trucks and Sequioa SUVs is similar to the same defect
in 800,000 of the same vehicles in 2005.
joe b

Pittsburgh, PA

#3 Jun 24, 2007
Even if it's true, it has nothing to do with the way the car runs, esp over time. I mean it's tough to admit even if you don't like them their cars are quite durable.
need fair not free trade

New Albany, IN

#4 Jun 27, 2007
Knollenberg, Stabenow work to end artificially weakened yen
June 27, 2007

By TODD SPANGLER

FREE PRESS WASHINGTON STAFF

WASHINGTON – U.S. Rep. Joe Knollenberg today introduced legislation he says will push the Japanese government to end “the manipulation and severe misalignment of its currency,” weakening the yen to the point where it essentially provides billions of dollars in export subsidies to Japanese automakers.

Knollenberg, an Oakland County Republican, said Japan has spent more than $400 billion over the last six years to artificially weaken its currency. That means automakers

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