I don't know if how much of that is credible. The article says that this
company owns Vanguard, which owns National and Alamo car rental. I know
that is not correct because Enterprise Rent a Car recently bought those. If
there is a mistake like that, who knows what other shoddy reporting there
is. Besides it's from CNN. not the most reliable news source anyway.
The CEO of Cerberus was interviewed and stated that Cerberus was
interested in Chrysler. Other details about Cerberus' holdings are
My point was that it would be nice if Chrysler, a historically U.S.
automobile company, was actually owned by a U.S. company and monies
generated stayed in the U.S. A concept that is amazingly "foreign"
It would be good for Chysler to break from current owner but this
potentail partner is not their answer. They would likely "raid" their
assest in time and kill of the automaker. Chyslers best long term hope
may be a employee by out but that is not very likely either. It was a
mistake for chysler to enter into its current "partnership"
Not necessarily. Not all private equity buy-outs are rape jobs.
I tend to agree. There is a company here in Dallas called
"TDIndustires" that is supposedly employee owned. They are very
successful and lauded as one of the better places to work. Granted,
it's not as large or complex as Chrysler ... but the employees have a
great sense of loyalty and interest in the success of the company.
Maybe Cummins could buy them. That'd be interesting. :-)
Yes and they are also more aware of the bottom line and what it cost
to run a company (wages, benifits and such) when they own it. I do
think that a employee buyout with the right leadership could turn
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