Cerberus Buys Majority Stake in DaimlerChrysler
Private equity firm Cerberus Capital Management is purchasing a controlling stake in the Chrysler division of DaimlerChrysler, which is selling 80 percent of the Chrysler Group for $7.4 billion. The financial genius' at Daimler purchased Chrysler for $36 billion in 1998. The following is a summary of the deal from DaimlerChrysler.com: Affiliate of Cerberus to [...]
Car Lover Dream Mansion
Finding a mansion built specifically for a car collection isn't easy – but they do exist. A unique mansion built to display 18 cars is for sale in beautiful Kingsmill, which is located in Williamsburg, VA (USA). For a cool $2.4 million it can be yours. This car enthusiast's dream home was built by Jack [...]
