Cerberus
Toronto-Dominion Bank To Buy Chrysler Financial
By Chris Haak Toronto-Dominion, the second-largest bank in Canada based on deposits, announced today that it has acquired Chrysler Financial. Chrysler Financial has had a...
GM, Chrysler Aim to Return to Captive Lending
By Chris Haak We reported several weeks ago that GM was interested in either buying a captive-finance arm or establishing a new one. You see, since GM sold a majority interest...
Chrysler PT Cruiser Production Set to End July 6
By Chris Haak The Chrysler PT Cruiser, perhaps the best-selling and most-recognizable retro-styled car sold in the US market over its eleven-year production run, is about to end...
Congressional Panel Calls for GMAC Breakup
By Chris Haak The Congressional Oversight Panel, created by Congress to oversee the Treasury's spending of Troubled Asset Relief Program (TARP) money, said late last week that...
Who’s the Renegade PR Person at Chrysler?
By Chris Haak 03.31.2009 Perhaps lost among yesterday's flurry of GM- and Chrysler-related announcements and news releases from each company, the President's Task Force on...
Chrysler-Fiat Product Sharing Details Emerge
Industry publication Automotive News reported this week on the tentative plans that Chrysler and Fiat have for sharing products in the venture that the companies announced last...
GMAC Receives TARP Funding; Immediately Offers Better Terms
By Chris Haak 12.30.2008 The US Treasury announced yesterday that it had approved a $6 billion financial assistance package for GMAC, the heretofore 49% GM-owned/51%...
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three times by my count - have again...
Chrysler Considers Spinoff of Dodge Viper Business
By Chris Haak 08.27.2008 Chrysler LLC announced today that it is "considering strategic alternatives" for its Dodge Viper sports car sub-brand. According to the company, several...