Chrysler is back in the wind

Speculation about how long Cerberus Capital Management would hang onto the U.S. automaker started even before the private-equity company closed the deal with Daimler.

The whispers have barely paused as one global player after another became the handicappers’ favorite. Who would buy Chrysler? Renault? Fiat? Maybe an Indian or Chinese automaker with backing from its government.

During all this, Chrysler employees (and fewer of them as this drama unfolds) have worked hard to dig themselves and their company out of a hole made deeper by a macroeconomic maelstrom. So have Chrysler suppliers and dealers.

Now General Motors is the hot candidate to buy Chrysler. And folks posting comments are inclined to believe this is the one.

“We all knew Cerberus was not a long-term player when this deal went down,” says 255205.

JClick says “This deal is very bad for the workers at both companies.”

Some are bitter.

TW quotes what CEO Robert Nardelli said in memos to Chrysler employees: "I appreciate your continued hard work and your tireless efforts to restore Chrysler to its rightful place in the automotive industry." To which TW then adds “Thanks, Bob, for selling us out. Hope you can sleep at night.”

Common Sense picked up on that. “Perhaps the Wikipedia entry should read: Bob Nardelli, CEO responsible for screwing companies and employees. A man known to sleep well at night.”


ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.

Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.