Steve


[Follow Ups] [Post Followup] [Dodge Power Wagon Forum]


Posted by MoparNorm on Friday, November 02, 2007 at 11:37:17 :

In Reply to: Re: Layoffs at Chrysler posted by Kaegi on Friday, November 02, 2007 at 11:19:41 :

That's not going to happen, you need to read what the new owners have to say first hand about their long term plans for Chrysler.
The top new level managers are not coming from Toyota, Nissan, Lexus and Ford, and working for free, just to be sold down the river. They have a comprehensive long term plan, to trim the fat, cut non producing vehicles, bring new products to market that consumers want and rebuild the company into an American Powerhouse.
Your source is ill-informed and speculating with the jobs of hundreds of thousands of Americans.
If the track record of Cerberus is studied, it shows that they are not the typical slash and run investment company.
They own the following:
ACE Aviation Holdings (Air Canada)
AerCap Aviation Solutions
Annexus
Aozora Bank Ltd.
ATC Group Services, Inc.
Bank Leumi
BAWAG P.S.K.
Blue Bird
BlueLinx
boxclever
Chrysler
CTA Acoustics
GMAC Financial Services
GSW Berlin GmbH
Guilford Mills
Handel-Kredit Bankhaus
IAP Worldwide Services
Inovis
Kokusai Kogyo KK
LNR Property Corporation
NewPage Corporation
North American Bus Industries
NewPage Corporation
Peguform Group
Rafaella Apparel Group
Scottish RE
Showa Jisho Co. Ltd.
SLI Holdings Inc.
Spyglass Entertainment
Strategic Restaurant Acquisition Group (Burger King)
Talecris Biotherapeutics
Tandem Staffing Solutions, Inc.
Torex Retail Holdings Limited
TTL Equipment Management

The Cerberus Philosophy is:
"At Cerberus, we have a long-term investment horizon and focus on value creation. We invest in undervalued companies and their people, and help them to realize their potential.

We partner with our portfolio companies to help them become industry leaders. We believe competition makes the global economy more productive and more efficient, which enables companies to succeed long-term in the globally competitive marketplace.

We encourage our companies to focus on the future through prudent capital investment, R&D, new product marketing, talent development, improved operations and appropriate strategic acquisitions."





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