Cerberus Capital Management

New GM, Chrysler Leaders -- Wrong for the Jobs

Steve Parker | Posted 07.02.2009 | Business

Read More: Alixpartners, Chrysler, Obama Auto Team, Sergio Marchionne Fiat, Washington DC, Cars, Fiat, Daimler, Cerberus Capital Management, Robert Nardelli, General Motors Bankruptcy, Robert Kidder, Al Koch, Detroit, Cinquecento, China, Duracell, Business News
Steve Parker

The Harvard MBAs in the auto executive suites wouldn't know a good car if they got run over by one. And ultimately it's the cars which are going to save GM and Chrysler.

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Rattner, Obama's Car Czar, Worth At Least $188 Million

bloomberg.com | Jonathan D. Salant and Justin Blum | Posted 06.28.2009 | Business

Read More: Quadrangle Group, Car Czar Steven Rattner, Cerberus Capital Management, Chrysler, General Motors, $188 Million, Ford, Steven Rattner, Obama Car Czar, Detroit Bailout, u.s. Auto Industry, Business News

May 28 (Bloomberg) -- Steven Rattner, the Obama administration adviser trying to orchestrate a rescue of the U.S. auto industry, has a net worth of at...

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Obama: "Ich bin ein Chrysler!"

Steve Parker | Posted 05.31.2009 | Business

Read More: Lee Iacocca, Chrysler Bankruptcy, Jfk Speech, Jim Press, United Auto Workers, Sergio Marchionne Fiat, Cars, Obama Berlin Speech, Highland Park, Barack Obama, Gmac, Fiat Chrysler, Daimler, Cerberus Capital Management, General Motors, Robert Nardelli, Toyota Motor Corp, Alfa Romeo, Benito Mussolini, Business News
Steve Parker

Obama talked his usual great game of absolute confidence at the end of his announcement this morning, telling the country, "If you're going to buy a new car, buy an American car."

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Cerberus Agrees To Give Up 80% Stake In Chrysler

New York Times | LOUISE STORY | Posted 05.01.2009 | Business

Read More: Cerberus Capital Management, Cerberus, Cerberus Gives Up Chrysler, Stephen Feinberg, Cerberus Chrysler, Business News

For Stephen A. Feinberg, the long road back from the most disastrous investment of his career -- Chrysler L.L.C. -- began last week around a polished ...

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January Car Sales -- a Final Reckoning Begins in Earnest ?

Steve Parker | Posted 03.06.2009 | Business

Read More: Big Pharma, Porsche, Scion, Automotive News, Chrysler, President Obama, Isuzu, Mercedes-Benz, Cars, Fiat, Ford, Gmac, Buy American, Chevy Silverado, Cerberus Capital Management, General Motors, Maybach, Stimulus Package, Hyundai, Hertz, Barbara Mikulski, Toyota, Detroit Three, Chevy Malibu, Lexus, Mexico, Xerox, Smart Car, Automotive Fleet, Subaru, Daimler, Japan, Europe, China, Business News
Steve Parker

Until the travel business picks up and businesses in general start replacing their vehicle fleets, Detroit will be outside looking in.

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Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 02.09.2009 | Business

Read More: Junk Bonds, Drexel Burnham Lambert, Chrysler, John Snow, Chrysler Bailout, Ezra Merkin, New York Law School, Gmac, Cerberus, Auto Bailout, Chrysler Cerberus, Cerberus Capital Management, Ascot Partners, Dan Quayle, Henry Paulson, Financial Crisis, Bernard Madoff, Nyu, Cerberus Capital, Ariel Mutual Funds, GMAC Bailout, Steve Feinberg, Congressional Bailout, Detroit Bailout, Business News
Dennis O'Brien

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

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Auto bill clears House; Should it pass the Senate, too?

Steve Parker | Posted 01.10.2009 | Business

Read More: Aclu, White House, Congress, 1979 Chrysler Bailout, Brooklyn, George W. Bush, Honda, Mercedes-Benz, Cars, Mazda, Mark Fields, Cerberus Capital Management, Energy Department, General Motors, Buddhist, Hyundai, Nancy Pelosi, Washington, US Senate, Richard Shelby, Barney Dog, Silver Arrows, Uaw, California, Toyota, Bernard Cahier, Detroit Three, John Snow, Democrats, Barack Obama, Ford Motor Co, Robert F. Kennedy, Chrysler, Alabama, Ross Perot, Bush White House, Detroit Three Loans, Roger Penske, Car Czar, Harry Reid, Allard Lowenstein, French Grand Prix, Republicans, Detroit Auto Show, Business News
Steve Parker

And now, it's on to the Senate! The House today passed, 237 to 170, HR 7321, the automotive loan bailout bill, and has sent it on to the Senate. H...

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Just in: Dems, White House Agree on Detroit Three Bailout

Steve Parker | Posted 12.10.2008 | Business

Read More: White House, Bankruptcy, Mitch McConnell, Cerberus Capital Management, Chrysler, Gm, Detroit Three Loans, Detroit Three, George W. Bush, Cars, Car Czar, Richard Shelby, Ford, Barack Obama, Business News
Steve Parker

Almost shockingly, I agree with Alabama Sen. Shelby for his warning that this $15 billion is just the "down payment" on the amounts of cash Detroit really needs, and they may all fail, anyway.

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Memo to Detroit: Change Now or Die

Steve Parker | Posted 12.16.2008 | Business

Read More: Boeing, Chevy Volt, Saturn, Chrysler, Gm, Alan Mulally, Ucla, Gary Shapiro, Rick Wagoner, Epa, W. Edwards Deming, Ford, Cars, Cerberus Capital Management, General Motors, Ces, Robert Nardelli, William Clay Ford, Nhtsa, Japan, Plug-in Hybrids, SUV Sales, Business News
Steve Parker

Most Americans think you have brought this disaster upon yourselves, with inferior, irrelevant products the past 35 years.

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Crash Test

Amy Ephron | Posted 12.13.2008 | Green

Read More: Gmac, Chrysler, Union Shop, Cerberus Capital Management, General Motors, Hybrid, Bail-Out, Nancy Pelosi, John Snow, Financial Crisis, Harry Reid, Henry Paulson, Auto Industry Bailout, Green News
Amy Ephron

I know that 600,000 jobs hang in the balance over the auto industry bailout, but wait, I have a solution. Why don't we convert the factories to alternative energy sector plants?

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GM/Chrysler merger: 200,000 unemployed, most Chrysler vehicles gone

Steve Parker | Posted 11.30.2008 | Business

Read More: Automotive News, Cerberus Capital Management, General Motors, Grant Thornton, Detroit Three, GM Chrysler Merger, Washington DC, Cars, Ford, Reuters, Business News
Steve Parker

Yesterday we posted our analysis of the much-hyped GM/Chrysler merger, quoting sources which said as many as 70,000 Americans would be thrown out of w...

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GM/Chrysler Merger - 70,000 Idled

Steve Parker | Posted 11.29.2008 | Business

Read More: Slovakia, Hemi Hybrids, Chrysler, Dodge Viper, Norway, Cars, Spain, Ford, Dodge Durango Hybrid, Chevrolet General Manager Ed Pepper, Ford Escape Hybrid, SEMA Show, Los Angeles Auto Show, Cerberus Capital Management, Daewoo Lacetti, General Motors, Greece, Robert Nardelli, Hybrid Cars, Finland, Mercury Milan Hybrid, Plug-in Hybrids, Portugal, Chrysler Aspen Hybrid, Detroit One, Chrysler CEO, Czech Republic, Kurt Busch, Bob Nardelli, National Legal and Policy Center, Ford Fusion Hybrid, GM Chrysler Deal, Detroit Three, GM Chrysler Merger, Daewoo, Chevrolet Cruze, Gmac, Peter Flaherty, South Korea, Roger Penske, Mercury Mariner Hybrid, Nlpc, Business News
Steve Parker

It wasn't hard to predict the demise of the "Hemi hybrid," but the end came a lot faster than expected. They should have given them a full year of production before, literally, pulling the plug.

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Who is a Top Exec at Cerberus/Chrysler?!?!

Steve Parker | Posted 11.24.2008 | Business

Read More: Sarah Palin Dan Quayle, GM Chrysler Deal, Detroit Three, John Snow, GM Chrysler Merger, Cars, Detroit News, Ford, Chrysler Nissan Deal, Nissan Renault, Daimler, Cerberus Capital Management, Phoenix, Dan Quayle, Phoenix Business Journal, Alaska, Treasury Secretary, Business News
Steve Parker

Whew! I thought Cerberus might really be in over their heads with their purchase of Chrysler from Daimler. Now that we know Dan Quayle is on the front lines, though, we can sleep a little sounder this evening.

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Notes on Europe - Chrysler's troubles, Nardelli speaks, VW buys-out dealers, death of a neo-fascist

Steve Parker | Posted 11.12.2008 | Business

Read More: Automotive News, Europe, John McCain, Chrysler, Cars, Volkswagen AG, Highland Park, Austria, Daimler, Daimlerchrysler, Joerg Haider, Kurt Waldheim, Wall Street Crisis, Cerberus Capital Management, Nissan Sentra, Brilliance Jinbei Automotive, Dodge, Robert Nardelli, Germany, Jeep, Brilliance, Autobahn, China, BS4, Business News
Steve Parker

Chrysler's CEO, Robert Nardelli, who has been running the company for just 14 months, fears the collapse of an "extremely fragile" auto industry amid ...

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One American Carmaker -- Our Best Solution?

Steve Parker | Posted 11.12.2008 | Business

Read More: Wall Street Bailout, Chrysler, Secret Service, Cars, Gas/Electric Hybrid, Ford, Home Depot, Aig, Daimler, Cerberus Capital Management, General Motors, Hybrid Cars, Countrywide Financial, Detroit, Nissan, Los Angeles Times, North America, Toyota, Gm, Mazda, Detroit Three, Washington DC, European Union, Times of London, Escape Hybrid, Altima Hybrid, Gmac, Wall Street, Mercury Mariner Hybrid, Hillary Clinton, Asian, Auto Industry, President Clinton, Business News
Steve Parker

If the Detroit Three were to merge into one company, ownership shared with the American people, it could benefit everyone; the carmakers, their dealers and their customers

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Major car-maker haps: Detroit gets their bailout, Daimler selling their last 20% of Chrysler, world's largest Chevrolet dealer group closes

Steve Parker | Posted 10.26.2008 | Business

Read More: Lee Iacocca, House of Representatives, Automotive News, Plymouth Prowler, Detroit Three, Dodge Viper, Chevrolet, Cars, Indian Carmakers, Ford Motor Co, Just in Time Manufacturing, Camaro, Chevrolet Volt, Chrysler, GMAC, Kanban, Daimler, Cerberus Capital Management, General Motors, Bailout, Electric Cars, Chinese Carmakers, President Bush, Business News
Steve Parker

Three major events involving the world of cars, politics and finance, both in the US and abroad. First, Automotive News reports, "Automakers and supp...

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UPDATE: Hedge Fund Ends Talks To Purchase Blackwater

ABC News | Maddy Sauer | Posted 05.08.2008 | Business

Read More: Private Security Firms, Cerberus Capital Management, Blackwater Purchase, Cerberus Purchase Blackwater, Blackwater USA, Blackwater Cerberus, Business News

ABC News reported late Wednesday that hedge fund giant Cerberus Capital Management has ended talks to purchase controversial security firm Blackwater ...

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Understanding The Chrysler-Nissan Deal

Business Week | David Welch | Posted 04.23.2008 | Business

Read More: Nissan, Chrysler, Carmakers, Cerberus Capital Management, Chrysler-Nissan Deal, Compact Cars, Carlos Ghosn, Nissan-Chrysler Deal, Business News

As a name, Renault-Nissan-Chrysler goes together like chardonnay, sushi, and barbecue. Could such a business tieup be in the works? Nissan Motor (NSA...

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