According to the Wall Street Journal, capital investment group Cerberus has won the bidding to buy Chrysler from Daimler-Benz, although it looks as if the Germans will retain a percentage stake in the embattled American car firm, to ease the path for current and future platform and technology sharing.
Cerberus looks to have beaten out fellow asset management group Blackstone and Magna, a Canadian-owned components supplier.
The official announcement will have to wait until final wrangling has taken place over the final price, which will no doubt be affected by the suspected $18-billion employee healthcare package which Cerberus will have to take on.
Interestingly, Cerberus already owns General Motors' former finance arm, GMAC, and it's expected that GMAC will now be combined with Chrysler's own finance and leasing department. What does it all mean for future Chrysler-Jeep-Dodge models? No idea, but we'll let you know as soon as we hear anything.
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