Chrysler backs away from Renault-Nissan, chooses certain death instead Posted on 11.3.2008 18:11
by
Myles KornblattFiled under:
Chrysler | industry newsCerberus Capital Management LP, the company that owns the majority share of Chrysler, has stopped talks with the Renault-Nissan Alliance and is focusing on negotiations with General Motors. As reported last month, a merger with GM will cause many redundant cars. This could mean the closure of seven Chrysler's fourteen manufacturing plants, and the loss of possibly 200,000 jobs. Renault-Nissan doesn't have to take this as the end of negotiations if it really doesn't want to. Originally it (...)
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