Cerberus
- October 31, 2007
Cerberus Capital Management LP dropped its $6.2 billion offer for Affiliated Computer Services Inc. Tuesday, the U.S. private-equity firm said in a letter. The end came amid shareholder irritation over how ACS directors handled the $62-a-share approach...
DaimlerChrysler delays full Q2 results to Aug 29
July 03, 2007The world's fifth-biggest carmaker, DaimlerChrysler said it will postpone until August 29 its full second-quarter results, which were originally due on July 26. The company cited the complexity arising from its sale of a majority stake in U.S. arm Chrysler...
Daimler optimistic on outlook without Chrysler
June 25, 2007The German-US auto giant DaimlerChrysler is confident the next few years will be positive with the sale of its loss-making US arm, Chrysler, to US private equity group Cerberus for 5.5 billion euros (7.4 billion dollars), said chief executive Dieter Zetsche...
No more bidders emerge for Tower
June 25, 2007Troubled automotive framing supplier Tower Automotive Inc. has canceled its planned auction for Monday, June 25, after concluding that it has received no competing bids. Therefore, the parts supplier will ask a U.S. Bankruptcy Court judge to approve the...
Chrysler seeks new applications for diesel engine
June 24, 2007The Chrysler group is looking for new applications for the 3.0-liter six-cylinder diesel engine developed by Mercedes-Benz that the company uses only on the 2008 Jeep Grand Cherokee, executive vice president for product development, Frank Klegon said...
Thomas Sidlik retires from DaimlerChrysler
June 20, 2007DaimlerChrysler AG has announced the retirement of Thomas Sidlik, chief of global purchasing and supply that becomes effective at the closing of the takeover of the Chrysler Group by Cerberus Capital Management in the third quarter. In the future...