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Chrysler LLC: Difference between revisions
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== Awards == | == Awards == | ||
Work in Progress | Work in Progress | ||
==See Also== | ==See Also== | ||
{{Chrysler}} | {{Chrysler}} | ||
==External Links== | |||
*[http://www.chryslerllc.com/ Official site] | |||
*[http://www.autoblog.com/2007/08/05/breaking-former-home-depot-chief-bob-nardelli-to-be-chryslers/ BREAKING: Former Home Depot chief Bob Nardelli to be Chrysler's new CEO] | |||
Revision as of 00:57, 6 August 2007
May 14, 2007, Cerberus Capital Management announced that it would take ownership of 80% of Chrysler Group, including Chrysler Financial from DaimlerChrysler. As of August 3rd, 2007 the deal was finalized. Cerberus paid $7.4 billion, $5 billion of which goes to Chrysler Corporation LLC and $1.05 billion to Chrysler Financial Services; Daimler gets the remaining $1.35 billion, but loans back $400 million of it. Daimler retains all debt from Chrysler Group, costing Daimler a net $650 million plus prepayment compensation of $878 million and transaction costs. Cerberus has already signed on numerous ex-Chrysler people as advisers, including Tom Gale, the designer who oversaw the original LH, PT Cruiser, Ram, and Viper; Gary Dilts, the former sales chief, who is currently at J.D. Power; Jerry Farrell, former president of Chrysler Financial; Thomas Gillman, former CFO of Chrysler Financial; and Wolfgang Bernhard, who was imported from Mercedes.
Chrysler Operations
Work in Progress
Controversy
Work in Progress
Management
Work in Progress
Chrysler brands
Holdings
Work in Progress
Awards
Work in Progress
See Also
