Nuh, Uh. That's Chrysler's response to a Financial Times report that Cerberus sold most of its stake in GMAC, Chrysler. "Cerberus has not sold any equity in Chrysler," an anonymous source told Automotive News.
The Financial Times reported today that Cerberus has sold "significantly" more than half of its stake in Chrysler and GMAC to a group of about 90 investors.
Obviously this story is "developing" and there will be more to report on this as the saga continues.
Monday, June 02, 2008
Chrysler: Cerberus So Didn't Sell Us
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