Can someone give me the two cents (in straight talk) on what went on with Chrysler this week and the reasons behind it.
What I assume/know:
- 80% of their company was purchased by Cerebus Capital Management.
Now, was this due to them being "bankrupt", or were they in a position where they had an offer that they couldn't refuse. One person that I was talking to yesterday said that they were "bankrupt" and that's why Cerebus bought them. This person also said that Chrysler won't be making anymore cars in North America because the market is going towards imports (I can't argue that point, I haven't owned a domestic car since 2001). Is Chrysler going to be moving out of North America for better ground, or are they just going to be revamping their market offerings?
Do elaborate.........
What I assume/know:
- 80% of their company was purchased by Cerebus Capital Management.
Now, was this due to them being "bankrupt", or were they in a position where they had an offer that they couldn't refuse. One person that I was talking to yesterday said that they were "bankrupt" and that's why Cerebus bought them. This person also said that Chrysler won't be making anymore cars in North America because the market is going towards imports (I can't argue that point, I haven't owned a domestic car since 2001). Is Chrysler going to be moving out of North America for better ground, or are they just going to be revamping their market offerings?
Do elaborate.........