Auto Loan Daily - Cerberus Doesn't Want to Play Anymore, Wants Refund for Chrysler
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Cerberus, the private equity firm that purchased 80.1% of Chrysler from Daimler, wants their money back. Cerberus says that Daimler gave misleading information about Chrysler during the sale. Cerberus has owned Chrysler for about a year and says that the company has had much higher losses than anticipated. Cerberus should know that after 30 days you can only get store credit.
"The claim is baseless and absurd," Daimler spokesman Han Tjan says. "Absolutely incorrect and completely without substance."
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Somebody call a waambulance for the big babies.