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REPORT: Cerberus sells more than half of Chrysler and GMAC, Chrysler denies

UPDATE: Chrysler just released the following statement: "Cerberus has not reduced or made any changes to its equity stakes in GMAC or Chrysler since the closing of either transaction. Cerberus continues to have voting control over both investments. It is common knowledge, and has been widely reported, that Cerberus made these investments side-by-side with its co-investors at the time of closing. As a general rule, Cerberus does not commit more than 5% of the capital of any of its funds to any single investment." The Detroit Free Press is ... Read more →

Next Chrysler 300 gets evolutionary exterior, "huge leap" in interior Dan Roth

Magna confirms interest in Chrysler, visits Auburn Hills Dan Roth

Line to buy Ford's Aston Martin grows Chris Tutor

At least five potential Aston Martin buyers have now whipped out their platinum cards in anticipation of taking the esteemed carmaker off Ford's hands. One London banker said, "The interesting ...

Breaking: General Motors close to selling 51-percent stake in GMAC to investor consortium Chris Paukert

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REPORT: Cerberus sells more than half of Chrysler and GMAC, Chrysler denies 1 year ago on Autoblog

Next Chrysler 300 gets evolutionary exterior, "huge leap" in interior 1 year ago on Autoblog

When the Chrysler 300 dropped on an unsuspecting public in 2004, it was all crisp edges and upright stance, with a bulldog face to help drive home the message of urgent thrust delivered by a reborn Hemi V8. Chrysler's got a refreshing in the pipeline for the 300, and that's giving designers fits. ...

Magna confirms interest in Chrysler, visits Auburn Hills 2 years ago on Autoblog

The ups and downs of the rumored Chrysler sale are a better soap opera than NASCAR. Now, Magna International, one of the reported suitors, has confirmed that the supplier is interested in exploring the purchase of the Chrysler group and has recently met with officials at the automaker. The main ...

Line to buy Ford's Aston Martin grows 3 years ago on Autoblog

At least five potential Aston Martin buyers have now whipped out their platinum cards in anticipation of taking the esteemed carmaker off Ford's hands. One London banker said, "The interesting question is whether this is just going to be a scrap between the rich men of Russia and the rich men of ...

Breaking: General Motors close to selling 51-percent stake in GMAC to investor consortium 3 years ago on Autoblog

According to newswire Reuters, General Motors is in discussions with an investor group to sell a 51-percent stake in GMAC financial. The Cerberus Capital Management-led coalition is expected to be worth around $11 billion, with a ‘broad structure of an agreement’ already settled. The ...

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Autoblog Podcast #156: Paukert comes back for more!

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

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