Fiat takes control of Chrysler
Fiat takes control of Chrysler
Out of context: Reply #36
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- kgvs720
I remember MB and Chrysler being called a Merger of Equals. My ASS!
Years later MB dumps 80% of Chrysler to Cerberus Capital (Who fucking happens to own 50% of GMAC Bank, and GM happens to own the other 50%), MB keeps 20% to provide design and engineering services, which dumped a year or two ago. Chrysler has been on the lifeline for a long time and Cerberus Capital has been the one trying to get the bail money for their greedy investors.
Chrysler by the way has not provided how much money they have and they don't have to, because they are privately held company. Cerberus is Capital is the one behind pushing for the bailout.