Word: cerberus
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...structure your escape for the film? We went looking for private investigators, and found these amazing guys called Cerberus, who are known as a group who always find their man. They took on the challenge. From that point, we had to plan the date the disappearance would be and give them very limited information about me - just my name and photo...
...Chrysler has introduced only one new vehicle this fall, the Ram heavy truck, and the next new vehicle, the redesigned 2011 Jeep Grand Cherokee, won't appear until next spring. Facing a dearth of new products, Chrysler hands blame the company's previous owner, Cerberus Capital Management LLC, for slashing the product development budget in a failed bid to reach profitability. But it's more than just a lack of new vehicles plaguing the automaker; it's also the vehicles it has in hand. "Chrysler continues to struggle," Consumer Reports said earlier this month. "More than one third of Chrysler...
...best-selling vehicles in the U.S. in 2008, only one, the Dodge Ram pickup, was made by Chrysler - compared with five for GM and four for Ford. A venerable European carmaker, Daimler, had already tried and failed to revive Chrysler. Its current owner, the private-equity fund Cerberus, had spent months of fruitless globetrotting in search of another car company willing to give...
...just 30 days to seal its proposed partnership with Italy's Fiat Group - or else join the likes of American Motors, Packard and Studebaker in the auto graveyard. If Chrysler gets the deal done, the government will lend it $6 billion to sustain its operations. But Chrysler's owner, Cerberus Capital Management, will leave with zero of its $7.4 billion original investment. (See the 12 most important cars of all time...
...could possibly buy or adopt Saturn? Private equity firms are facing big losses, and the painful experience of Cerberus, which bought Chrysler, has not gone unnoticed. But Morrissey insists there are still options: "We think we have some very interesting opportunities for Saturn," he says. GM's critics have argued for years that the company had too many brands and the return on the investment was negligible. However, Saturn did succeed in proving car dealerships could have friendly customer relations and a good reputation for customer service. Because of that, Cimino says, the Saturn dealer network could serve as ready...