Thursday, July 12, 2007

Cerberus chairman likes Chrysler plan

John Snow, chairman of the Cerberus private equity group buying Chrysler from its German DaimlerChrysler parent, said Wednesday he likes Chrysler CEO Tom LaSorda's recovery plan, and taking the company private will give LaSorda time to implement the plan. The plan calls for a return to profitability by 2009.

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