Chrysler/Jeep sold to Cerberus.

[Rocketman]

It's official, DaimlerChrysler is no more. Cerberus Capital Management has bought the Chrysler/Jeep arm from Daimler AG for $7.4 Billion.

The head of Cerberus is Ex-Treasury Secretary of the US, John Snow. He says he plans to keep the current management in place.

Yeah... right!

 

[pabloconrad]

Jeeps will now go to crap. Snow is know to cut costs over time.

 

[n1ywb]

Jeeps will now go to crap. Snow is know to cut costs over time.

Yeah Snow is good at running companies into the ground and escaping on a golden paracute.

This thread is a dupe BTW http://www.naxja.org/forum/showthread.php?t=918424

 

[MT Mike]

http://www.naxja.org/forum/showthread.php?t=918424

2 pages of discussion already going on.

 

[Rev Den]

Jeeps will now go to crap.

Jeep has been crap for quite a while now.

Rev

 

[Chero-King]

Jeep has been crap for quite a while now.

Rev

Damn, you beat me to it.

 

[IH8RDS]

In two years I'm going to buy it for $3