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Enough Is Enough? Cerberus May Give Up On Chrysler And It's 4 Billion Bailout Portion |
Unlike General Motors, Chrysler has provided few specifics on how it plans to overhaul its operations after receiving federal loans.After President Bush announced loans for both companies on Friday, Chrysler’s parent, the private equity firm Cerberus Capital Management, said in a statement that it hoped to “facilitate the restructuring and the recapitalization of Chrysler.”
But in the same statement, Cerberus raised questions about whether it would remain an investor if Chrysler survives.[source]
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