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Cerberus to buy the rest of Chrysler from Daimler: no longer a rumor

by David Zatz on

According to Reuters, as quoted in Automotive News, Cerberus is planning to buy the remaining 19.9% of Chrysler from Daimler. The deal could be finalized by the end of October, and would be a strong vote of confidence in Chrysler’s future.

Daimler spokesman Han Tjan has confirmed that Daimler is talking with Cerberus about selling its remaining stake in Chrysler.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


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