Welcome back to the US!

Mike Simmons · 2007-05-14T10:02:14+00:00

DaimlerChrysler announced this morning the sale of the Chrysler group to Cerberus Management, a privately held US company! While Daimler AG will retain a 19% holding in the company, Chrysler will once again be a US controlled company. Since Cerberus is a privately held firm, there will be an emphasis on a long-term growth strategy vs. a short-term profit strategy to satisfy shareholders. I for one am pleased to have Chrysler return to our shores. It remains now to be seen what the future will portend.Mike

May 14, 2007 21 Replies

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azwiley1 19 years ago

Me or miles?

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TBone 19 years ago

Miles.

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