"Too_Many_Tools" wrote in message
oups.com...
Just amazing.....

TMT

Ex-Home Depot boss to lead New Chrysler By DEE-ANN DURBIN, AP Auto
Writer
On Friday, DaimlerChrysler AG transferred an 80.1 percent stake in
Chrysler to New York-based Cerberus Capital Management LP, one of the
world's largest private equity companies, in a $7.4 billion deal. The
German automaker, which is to be renamed Daimler AG, retained a 19.9
percent interest in Chrysler.

Cerberus Chairman John Snow previously had said Cerberus planned to
keep Chrysler's management team in place and give it the freedom to
implement its restructuring plan, which currently calls for shedding
13,000 hourly and salaried jobs in the U.S. and Canada by 2009.

There goes Mopar- John Snow is notorious for the mess he made of CSX during
and after the Conrail merger.
Snow has a talent for getting out just before the roof caves in.

-Carl