Read more Cerberus Capital Management stories on Newserhttp://www.newser.com/taggrid/826/cerberus-capital-management.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 6:44:23 CSThttp://www.newser.com/story/68113/investors-ditch-once-lofty-cerberus-fund.html?utm_source=syn&utm_medium=rss&utm_campaign=tagHedge-fund investors are leaving once-vaunted investment firm Cerberus Capital Management in droves, the Wall Street Journal reports. The firm, whose acquisitions of Chrysler and GMAC turned disastrous, is seeing $5.5 billion in capital—or 71% of its hedge fund assets—walk out the door. "We have been surprised by...http://www.newser.com/story/68113/investors-ditch-once-lofty-cerberus-fund.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 29 Aug 2009 15:48:00 CDThttp://www.newser.com/story/57416/uaw-to-own-55-of-chrysler.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe United Auto Workers are about to own Chrysler. In exchange for a variety of concessions, the union will eventually get a 55% majority share in the automaker, according to a summary of the restructuring deal, which was sent to union leaders late last night and reviewed by the Wall...http://www.newser.com/story/57416/uaw-to-own-55-of-chrysler.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 28 Apr 2009 8:07:28 CDThttp://www.newser.com/story/46588/gmac-grabs-6b-federal-lifeline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe federal government is dishing out a $6 billion bailout to keep auto financing giant GMAC afloat, the New York Times reports. The Treasury Department will spend $5 billion to buy a stake in the former General Motors subsidiary, and will loan GM a further billion so the company can...http://www.newser.com/story/46588/gmac-grabs-6b-federal-lifeline.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 30 Dec 2008 3:41:13 CSThttp://www.newser.com/story/46234/gm-finance-arm-converts-will-tap-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Federal Reserve today approved a request by General Motors’ financial arm to become a bank-holding company so it can petition for money from the $700 billion bailout pot, the Wall Street Journal reports. GMAC would also have access to direct Fed loans, helping loosen credit and complement the $17....http://www.newser.com/story/46234/gm-finance-arm-converts-will-tap-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 24 Dec 2008 16:43:17 CSThttp://www.newser.com/story/45643/gm-chrysler-revive-merger-talks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors and Chrysler are back in merger talks, reports the Wall Street Journal . Negotiations fizzled weeks ago as both companies viewed a merger as impractical and a potential distraction from federal bailout talks. Chrysler owner Cerberus Capital Management took the initiative to restart talks, and has signaled a willingness...http://www.newser.com/story/45643/gm-chrysler-revive-merger-talks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 18 Dec 2008 1:46:01 CSThttp://www.newser.com/story/45005/sound-the-chrysler-death-knell-analysts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagChrysler’s lack of profitable vehicle lines will lead to its demise, reports the Detroit Free Press, regardless of whether the feds jump in with a bailout. With bad market conditions predicted to worsen next year, the struggling automaker will downshift its production on some lines and eliminate others, prompting bankruptcies...http://www.newser.com/story/45005/sound-the-chrysler-death-knell-analysts.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 11 Dec 2008 8:33:17 CSThttp://www.newser.com/story/41230/gm-chrysler-inch-closer-to-deal.html?utm_source=syn&utm_medium=rss&utm_campaign=tagGeneral Motors and Chrysler have ironed out the major issues in their proposed merger, bringing the troubled giants a step closer to becoming the world's largest automaker. The deal's final form will depend on financing and government support—of which GM is requesting $10 billion—but both companies agree GM...http://www.newser.com/story/41230/gm-chrysler-inch-closer-to-deal.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 29 Oct 2008 13:57:30 CDThttp://www.newser.com/story/40500/chrysler-flirts-with-nissan-renault-as-gm-seeks-credit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagChrysler is considering joining Nissan-Renault, adding a North American arm to the Japanese-French auto alliance that could rescue Chrysler’s operations, the Wall Street Journal reports. Cerberus, Chrysler’s majority owner, prefers a merger with General Motors, but overlap with a Detroit competitor would likely eliminate half of Chrysler’s 66,000 jobs....http://www.newser.com/story/40500/chrysler-flirts-with-nissan-renault-as-gm-seeks-credit.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 21 Oct 2008 10:21:13 CDThttp://www.newser.com/story/39726/ford-put-brakes-on-gm-merger-talks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFord rejected merger overtures from GM earlier this year and decided to ride out its financial issues alone, the Wall Street Journal reports. The GM-Ford talks were “very loose and preliminary, more exploratory in nature than anything else,” a source said. Both companies have denied bankruptcy rumors, but credit rating...http://www.newser.com/story/39726/ford-put-brakes-on-gm-merger-talks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 11 Oct 2008 17:34:17 CDT