Chrysler
Cerberus takes over majority interest in Chrysler
On August 03, 2007, DaimlerChrysler completed the closing for the transfer of a majority interest in the Chrysler Group and for the related financial services business in NAFTA to a subsidiary of Cerberus Capital Management, L.P., a private-equity company based in New York. A subsidiary of Cerberus takes over 80.1% in the Chrysler Holding LLC, while DaimlerChrysler retains a 19.9% interest, as announced in May 2007. more
Note: With the separation of DaimlerChrysler AG and The New Chrysler,
the URL for the Chrysler LLC Corporate Web Site was changed to http://www.chryslerllc.com. Please update your bookmarks if necessary.
the URL for the Chrysler LLC Corporate Web Site was changed to http://www.chryslerllc.com. Please update your bookmarks if necessary.
