It
seems Cerberus will waste no time in making changes at Chrysler upon closing
its
$7.4 billion acquisition of the Auburn Hills, Mich. automaker. The first
change reportedly is the return of the iconic Pentastar logo (pictured at
left),
according
to The Detroit Free Press. While most Americans think of the Pentastar as
Chrysler's original logo, the one Daimler adopted after acquiring Chrysler in
1998 is actually closer to the original logo introduced when the company was
founded in 1925. The Pentastar was unveiled in 1963 as part of an attempt to
globalize the brand. However, the Pentastar may not be the only change that
customers will see.
The Toronto
Star reports that Chrysler is preparing to put its Imperial concept
vehicle —
often
called a poor man's Rolls Royce — into production in 2009 at its Brampton,
Ont. plant. —Matthew Wurtzel
Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'