Many in Congress and analysts question the idea of helping Chrysler make it out of this troubled economy. Chrysler LLC privately owned by a Cerebrus a foreign equity company which specializes in buying and selling companies and making profit out of it.
Many question whether it actually makes sense helping Chrysler, as Cerebrus is just trying to sell Chrysler to make profit. Even if Chrysler comes out of its trouble, many wonder jobs will be safe in Chrysler as most of the work will be outsourced and finally the company sold to GM.
Unlike GM and Ford which are public listed companies, the power Govt can wield in Chrysler’s management is debatable. As the accounting standards of chrysler cannot be enforced.Even all the conditions and restructuring talk may not fully apply to Chrysler as the real shots will be called by Cerebrus and its Management.
So what will happen to Chrysler, Will Cerebrus bow out, it will interesting days and months ahead for the Auburn Hills based Automaker.
