It was announced early this morning plant wide, and all over the news today that DaimlerBenz, the parent company to Chrysler, has sold 80% of the stock to a company called Cerberus Capital Management LP, effectively selling the company. It's been rumored for some time that this was coming, but frankly, being a contract year, I thought most of it was B.S. Guess not! I don't know what this means for me in the long term, but short term, it doesn't change a whole lot. I'll keep you posted on any major news.
Complete coverage of the Chrysler deal, from Detroit Free Press
1 comment:
Interesting to know.
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