Saving a Private Equity Chrysler
It's private equity to the rescue in Detroit... at least that's what Chrysler and Cerberus Capital Management hope. The details of the sale are mostly dollars and cents, but it's what happens after the ink is dry that will keep people up at night. Cerberus (as "capital management" suggests) is known for managing money, not cars. And, Chrysler has a history of tough negotiations with unions, workers, dealers, even customers. Private equity has transformed all sorts of companies, can it do the same for one of the Big Three?
1:59 PM ET | 05-15-2007 | permalink




