Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 6, 2008 11:36:08 AM CDT

Learn about Newser Points »

Stories related to: Cerberus Capital Management

Stories

17 Stories

  • August 2008

    • Wall Street May Scoop Up Troubled Pension Plans

      BusinessWeek  |  Aug 6, 08 11:05 AM CDT

      Wall Street May Scoop Up Troubled Pension Plans

      (Newser) - Though still smarting from the subprime debacle, some of the Wall Street’s biggest players are lobbying the government to be allowed to buy up and manage some of the $2.3 trillion in US corporate pension funds, BusinessWeek reports. Many businesses, eager to get the plans off their books, are backing the movement—but consumer advocates have reservations. More »

      Tags

      subprime crisis  • Citigroup  • JPMorgan Chase  • investing  • Cerberus Capital Management  • pension funds

  • April 2008
  • February 2008

    • Soured Deals Dog Brash Cerberus

      Reuters  |  Feb 25, 08 1:15 PM CST

      Soured Deals Dog Brash Cerberus

      (Newser) - The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped 12% even as the company set about cutting models and dealerships in an effort to return to profitability. More »

      Tags

      General Motors  • private equity  • Chrysler  • Cerberus Capital Management  • Stephen Feinberg  • GMAC

    • Chrysler to Cut 30% of Models

      Wall Street Journal  |  Feb 8, 08 3:27 AM CST

      Chrysler to Cut 30% of Models

      (Newser) - Chrysler plans to cull its Chrysler, Jeep and Dodge brands by at least a third, and drastically reduce the network of 3,600 dealers selling its vehicles to reduce costs, reports the Wall Street Journal . Chrysler dropped three models last year, leaving it with about 30 product lines. The company expects to cut back to approximately six cars, six trucks and no more than six SUVs over the next few years. More »

      Tags

      Chrysler  • model  • Cerberus Capital Management  • Robert Nardelli  • Jim Press

  • December 2007

    • Chrysler Faces Cash Crunch

      Wall Street Journal  |  Dec 21, 07 10:09 AM CST

      Chrysler Faces Cash Crunch

      (Newser) - With an auto industry novice as CEO, a product line trailing the rest of the industry, and an inadequate cost-cutting strategy, Chrysler is scrambling to sell assets to climb out of a deep financial hole. Four months after Cerberus Capital Management took the automaker private, the Wall Street Journal finds turnaround plans stalled by a cash crunch. More »

      Tags

      auto industry  • Chrysler  • Cerberus Capital Management  • Robert Nardelli  • Stephen Feinberg

    • Chrysler CEO Predicts $1.6B Loss This Year

      Wall Street Journal  |  Dec 5, 07 10:01 PM CST

      Chrysler CEO Predicts $1.6B Loss This Year

      (Newser) - Chrysler will be screeching toward a second consecutive year in the red, sources told the Wall Street Journal , as the automaker will lose $1.6 billion. CEO Robert Nardelli told designers and engineers this week that while the beleaguered automaker’s revenue was about $63 billion, costs exceeded $64 billion. The newly private company no longer must report earnings publicly. More »

      Tags

      auto industry  • General Motors  • Ford  • Chrysler  • fuel efficiency  • Cerberus Capital Management  • Robert Nardelli

  • November 2007

    • Chrysler Plan Cuts Dealers, Overlapping Models

      Wall Street Journal  |  Nov 17, 07 2:09 PM CST

      Chrysler Plan Cuts Dealers, Overlapping Models

      (Newser) - Clued-in dealers say Chrysler is considering a restructuring plan to simplify its lineup: Chrysler dealers would sell all the company’s passenger cars, Jeep dealers would carry only Jeeps and SUVs, and Dodge dealers would handle commercial trucks and pickups. The reorganization would allow Chrysler to eliminate overlapping models and cut up to 1,000 underperforming dealers, reports the Wall Street Journal .  More »

      Tags

      auto industry  • car  • Chrysler  • automaker  • Cerberus Capital Management  • Dodge  • car dealers

  • October 2007

    • Struggle to Ratify Chrysler Deal

      Detroit Free Press  |  Oct 16, 07 3:05 AM CDT

      Struggle to Ratify Chrysler Deal

      (Newser) - The proposed contract between Chrysler and the United Auto Workers has caused some division within the union and may not be ratified as quickly  as the deal with General  Motors, reports the Detroit Free Press . The council of local leaders who voted to approve it yesterday in Detroit were not not unanimous; some are unhappy that the it lacks some of the job security provisions of the GM deal. More »

      Tags

      General Motors  • Detroit  • Chrysler  • United Auto Workers  • Cerberus Capital Management  • Ron Gettelfinger

  • August 2007
  • July 2007

    • Banks Put Hold on Chrysler Debt Sale

      Wall Street Journal  |  Jul 26, 07 9:03 AM CDT

      Banks Put Hold on Chrysler Debt Sale

      (Newser) - Banks yesterday postponed the sale of $12 billion of debt intended to finance the deal that will split off Chrysler from parent DaimlerChrysler. The Journal reports that the holdup is part of a global pinch on the market for corporate debt, and escalating borrowing costs have the potential to slow down a host of high-profile buyouts. More »

      Tags

      Chrysler  • Cerberus Capital Management

  • May 2007