“Cerberus has declined comment on reports that bankers pressured the company to hire an outside executive, instead of leaving Mr. LaSorda in place. He is now number two to Mr. Nardelli.”

Coming: the re-launch of Oakland, LaSalle, Edsel, DeSoto, Plymouth, Maxwell …

Remember that in China most of the large companies are government owned, so the Chinese government basically does whatever it wants and moves big piles of money around at will.

If by “managing” you mean “screwing up” I’m in total agreement with you.

Here’s a quote from the FT of August 6th that indicates Cerberus are looking at a 3 year timeline to flip Chrysler.
I doubt someone like Nardelli would commit to a project for longer than that anyway.
“In an interview with the Financial Times, John Snow, the former US Treasury secretary who chairs Cerberus, predicted a swift improvement. “I think you’ll see that Chrysler will be in much better shape within three years. This is a plan to get it back to profitability,” he said.”

I’m hard pressed, especially with high fuel prices and credit market contraction, to figure out how Cerberus is going to make money off this transaction.

Interesting!

For that matter, really educate yourself and read the Constitution of the United States where it specifies that currency is the dollar; that a dollar is silver; that the only legal currency to be used within the states is said dollar.

Feel free to identify the sections where it says these things. I did a search of the text, and from what I can tell, the word “dollar” appears exactly once (discussing immigration fees), as does the word “silver” (placing limitations on the individual states, not the federal government).

Also, “silver” appears right after “gold,” which makes me wonder why you think silver is the only legitimate currency base, and the word “currency” does not appear at all. “Money” appears several times, but I don’t see anything in those places supporting your claim.

http://www.leftlanenews.com/chrylser-to-expand-globally.html#more-5490

In reality, the average person on the street needs to think again about gambling (commonly thought of as “investing”) money/their retirement plan (which is soon to become “Welcome to Wal-Mart”)with these bingo-the-evil-clowns who have had their way since, oh about 1913 when the “fed” came about.

Look at the value of a (real) dollar since then – down about 98%.

For that matter, really educate yourself and read the Constitution of the United States where it specifies that currency is the dollar; that a dollar is silver; that the only legal currency to be used within the states is said dollar.

We’ve been had.

A probable casualty of this latest “egg laid by Wall Street” (to paraphrase a 1929 headline) will be that the Detroit 2.8 will end up in automotive boot hill, along side Packard, Studebaker, Rambler, Kaiser, Frazer, Tucker and thousands of others.

Very sell said, Gardiner. It amazing how this racket goes unchecked.

Also, Deep Throat continues his transformation from someone inside GM who chose to break ranks with the “official party line” in order to expose the truth into just another industry pundit with a catchy handle.

Chrysler will crash a year or so after that. The rubes will be screwed, blued and tatooed.

You know, the icing on the (poisonous) cake.

They could combine UAW production expenses, UAW quality (?!) and legacy costs with –

FIAT rustproofing and electrical systems –

and Chery crash-worthiness.

Wow, sounds like a weiner, to me.

http://www.autosavant.net/2007/08/cherys-turn-to-fail-crash-test.html

It doesn’t take a brain surgeon to realize what this means to the 2.8. Soon to be the Detroit Zero, if things go as badly as they possibly could.