It was Feb 16, 2007 that the New York Times reported:
Quote:
Days after Chrysler’s parent company said it would not rule out a sale of the struggling unit, there were reports Friday that General Motors was negotiating to buy it.
It didn't happen. But the rumors are back and this time, might be true...
Quote:
The Wall Street Journal, citing sources it described as familiar with the discussions, said Friday night that Cerberus Capital Management, the private equity firm that owns 80.1% of Chrysler and 51% of GMAC Financial Services, proposed trading Chrysler's automotive operations to GM. The Journal says Cerberus would receive GM's remaining 49% stake in GMAC.
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