Warning: ob_start(): second array member is not a valid method in /home/isita/public_html/mainfile.php on line 86

Strict Standards: Resource ID#11 used as offset, casting to integer (11) in /home/isita/public_html/db/mysql.php on line 208

Strict Standards: Resource ID#11 used as offset, casting to integer (11) in /home/isita/public_html/db/mysql.php on line 209
Free Vin Check, Get Vehicle History Report, Free Car History, Used Car History, Auto History, Free Vehicle History, VIN Number Check, Car History, Lemon, Check - Statement Regarding Transaction of The New Chrysler


Statement Regarding Transaction of The New Chrysler
Date: Saturday, August 04 @ 19:02:41 UTC
Topic: Cars


Statement Regarding Transaction of The New Chrysler
AUBURN HILLS, Mich., Aug. 3 -- The New Chrysler today issued the following statement from Tom LaSorda, President and CEO, regarding the closing of a transaction for the company: "With the transaction complete, we can now focus all of our efforts on our day-to-day business by moving faster, quickly reacting to customer needs and bringing out industry- leading products," said LaSorda. "We have support from two solid partners - Cerberus and Daimler - which will give us the strong financial backing and the resources we need to fuel the long-term success of this great company."
 
About The New Chrysler
 
The New Chrysler, headquartered in Auburn Hills, Michigan, produces Chrysler, Jeep(R), Dodge and Mopar(R) brand vehicles and products. Total sales worldwide in 2006 were 2.7 million vehicles. Sales outside of North America were the highest in a decade with an increase of 15 percent over 2005. On the heels of the company's record product launch year (Chrysler launched 10 all- new vehicles in 2006), the company plans to extend that streak with eight all- new products in 2007. Its product lineup features some of the world's most recognizable vehicles, including the Chrysler 300, Jeep Commander and Dodge Charger. The Chrysler Foundation, the company's philanthropic arm, gave $23.6 million in grants in 2006. Chrysler is a unit of Cerberus Capital Management.
 


About Cerberus
 
Established in 1992, Cerberus Capital Management, L.P. is one of the world's leading private investment firms with approximately $25 billion under management in funds and accounts. Through its team of more than 275 investment and operations professionals, Cerberus specializes in providing both financial resources and operational expertise to help transform undervalued companies into industry leaders for long-term success and value creation. Cerberus is headquartered in New York City, with affiliate and/or advisory offices in Atlanta, Chicago, Los Angeles, London, Baarn, Frankfurt, Tokyo, Osaka and Taipei.






This article comes from Free Vin Check, Get Vehicle History Report, Free Car History, Used Car History, Auto History, Free Vehicle History, VIN Number Check, Car History, Lemon, Check
http://www.is-it-a-lemon.com

The URL for this story is:
http://www.is-it-a-lemon.com/modules.php?name=News&file=article&sid=1666