The Cerberus-Chrysler deal: The case for public ownership of the auto industry

Submitted by Webmaster on Fri, 01/06/2007 - 06:12

With the sale of Chrysler Corporation to the private equity firm Cerberus Capital Management, the most powerful Wall Street financial interests are in position to press ahead with their plans for a radical restructuring and downsizing of the North American auto industry. The buyout—the first by a private equity firm of a major auto producer—threatens [...]

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