Cerberus tells investors ‘Chrysler is a significant risk’

Last Friday, Cerberus Capital Management LP on defended a letter that the private equity firm sent to its investors. The letter stated that investors were facing ”significant risks” with its investment in Chrysler LLC. Cerberus says that the letter was letting investors know of the “worst-case scenarios” and said it was, and still is committed to its investments in Chrysler.

“Cerberus has an obligation to be forthright with our investors about all possible risks and uncertainties that could impact their investment. Although we prepare for the worst-case scenario, it doesn’t mean that it will...
Read Article

theoptimisticpessimist - 2/28/2008 5:31:53 PM

0 Boost

Wow Ya think.

Just wait Cerberus folds, the fed bails them out, and the taxpayers eat the bill.

S4cabriofoxone - 2/28/2008 8:03:53 PM

0 Boost

I smell death.

Hyundai - 2/28/2008 10:48:08 PM

-1 Boost

LOL.... You are 1/3 correct. What makes you think that Ford - and especially - GM are done? Le me guess, you are another gimmick, and that everything will fold except for BMW?

american_made - 2/29/2008 4:00:42 AM

+2 Boost

Ha GM fold, I don't think so buddy if that were to happen, we, including you would be in deep $%^t

sold2early - 2/29/2008 8:55:47 AM

0 Boost

Another failure for Bob Nardelli.

no1listensanyway - 2/29/2008 3:29:20 PM

0 Boost

Why do the keep hiring that guy? He nearly destroyed Home Depot. Hes like a grim-reaper for major corporations..

autopro - 3/1/2008 7:21:29 PM

-1 Boost

Hey they could borrow some money from toyota.Toyota doesn't want to see any american company fail.They don't want a possible backlash.They have the money to put several car companies out of business if they wanted to.

njshift - 3/3/2008 12:21:56 PM

+1 Boost

I think we need a shepard for all the sheep in here.