Review Chrysler Financial Auto Loans
The Financial Times said that although Cerberus invested US$7.4-billion in both transactions, it has since sold the majority of the equity to other investors, citing unnamed people familiar with the situation. Cerberus earned fees of up to US$1-billion for the sale of its holdings as it unloaded risk to other investors, the newspaper said. Chrysler executives have repeatedly said that Cerberus founder Steve Feinberg is committed to a long-term investment strategy for the automaker and to restoring what they say he regards as an “American icon.”
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Tags: 1 billion, american icon, automaker, chrysler, chrysler financial, financial times, investment strategy, investors, long term investment, risk, steve feinberg