The requested resource (/media/wgvu/header/pb/header.html) is not available
Last updated 9:13PM ET
March 5, 2021
Search NewsRoom
Search NewsRoom
go
Advanced Search
Tools
Tools
Local/State News
Local/State News
CHRYSLER-CERBERUS
(2007-05-15)
(wgvu) - AUBURN HILLS, Mich. (AP) - Chrysler is prepared to stand on its
own again after nine years, but still will work with its former
parent in developing advanced technologies.
That's according to Chief Executive Tom LaSorda, who met with
reporters today at the company's headquarters in Auburn Hills.
DaimlerChrysler announced yesterday it was selling 80 percent
interest in Chrysler to private equity firm Cerberus (SUR'-bur-us)
Capital Management.
LaSorda says Chrysler intends to continue working with
Germany-based Daimler on advanced technology projects, including
clean-fuel programs.
He also says he's excited about building a North American car
company with Cerberus.

© Copyright 2021, wgvu