Entries tagged "Nissa-Renault"
Cerberus Capital Management LP appears ready to abandon its disastrous foray into the auto business barely a year after jumping in, reportedly holding talks to potentially merge its Chrysler LLC unit with General Motors Corp. The talks began more than a month ago, according to a New York Times report, and appear to have a 50-50 chance of leading to a deal. A transaction would likely leave Cerberus, which bought an 80% stake in Chrysler from Daimler AG in August 2007 for $7.4 billion, with an equity stake in General Motors....
