Chairman Says Cerberus has No Plans to Unload Chrysler
Deseret News (Salt Lake City) › July 12, 2007
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Summary
ROCHESTER, Mich. -- The chairman of the private equity firm that is buying Chrysler said Wednesday it will fix and hold the troubled automaker and has no plans to sell it off.
Former Treasury Secretary John Snow, who is chairman of Cerberus Capital Management LP, said the U.S. auto industry is poised for a turnaround.See the full content of this document
Extract
Chairman Says Cerberus has No Plans to Unload Chrysler
"We want to be there to help the turn and benefit our investors from the turn," he told the Detroit Economic Club.
Snow said Cerberus likes Chry...See the full content of this document
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