Blogs Speak: Chrysler Takeover

The blogosphere has many reactions to the Chrysler sale, but everyone agrees that they are happy to see Daimler exit

Nearly a decade after Mercedes' parent company Daimler-Benz acquired Chrysler for $36 billion, it agreed to sell the struggling auto maker to private equity firm Cerberus Capital Management for a mere $7.5 billion. Cerberus will, however, assume Chrysler's $18 billion in retirement and health-care liabilities, which had been seen as a major obstacle to a potential sale.

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