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A CHRYSLER CLOSEOUT
Whatever the reasons behind Cerberus Capital Management’s decision to invest in Chrysler, I’m guessing they didn’t do it for employee discounts on the company’s cars. Not to beat up on Chrysler — I’ve been a big fan of the Chrysler 300, the PT Cruiser, the Dodge Charger/Magnum and some of the Jeeps — but most of the company’s latest products have a sad-sack, bargain-basement feel. The high-paid overachievers brought in to spiff up the company, including the avuncular Jim Press from Toyota, will be kept busy.
Link:
http://www.nytimes.com/2007/12/30/automobiles/30COBB.html
Whatever the reasons behind Cerberus Capital Management’s decision to invest in Chrysler, I’m guessing they didn’t do it for employee discounts on the company’s cars. Not to beat up on Chrysler — I’ve been a big fan of the Chrysler 300, the PT Cruiser, the Dodge Charger/Magnum and some of the Jeeps — but most of the company’s latest products have a sad-sack, bargain-basement feel. The high-paid overachievers brought in to spiff up the company, including the avuncular Jim Press from Toyota, will be kept busy.
Link:
http://www.nytimes.com/2007/12/30/automobiles/30COBB.html
