StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Chrysler creditors sue Daimler

by David Zatz on

Having won the right to do so from Judge Gonzalez, a group of Chrysler unsecured creditors have now filed suit against Daimler, accusing the conglomerate of taking billions of dollars worth of assets from Chrysler before transferring it to Cerberus two years ago. By removing those assets, according to the creditors, Daimler made it impossible to recoup loans.

The group wrote that Daimler had engineered “fraudulent transfers” of assets to Daimler, following the failure of the takeover, billed at the time as a merger. Daimler countered by writing that it had “nurtured” Chrysler.

Information and opinions on Daimler’s actions are on our DaimlerChrysler / Daimler Acquisition page.

New future for minivans, big cars (updated)

Mopar Makes Towing with the Jeep Gladiator Safer

Ram out-pickups Chevy, Challenger #1?, and other Q3 takeaways

More Mopar Car
and Truck News

Some popular Allpar pages

Dodge Demon

2018 Wrangler JL

Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.