Cerberus says 'confident' on Chrysler financing
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ROCHESTER, Michigan  - Cerberus Capital Management Chairman John Snow said on Wednesday the private equity firm was 'confident' in securing Chrysler financing and sees the deal closing in the current quarter.
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Cerberus Capital Management is near a $4  billion deal to buy United Rentals Inc. , the largest  equipment rental company by fleet size, for $34.50 a share, the  Wall Street Journal reported on Monday.
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Chrysler Group on Friday  said it is rolling out the most aggressive auto incentives of  the year, combining employee-level pricing with zero-percent  financing and a 30-day return guarantee.
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A major Chrysler Group retailer expects the struggling No. 4 U.S. automaker to maintain its share of the pickup truck market this year by offering generous discounts in the face of tough competition.
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A detailed sales prospectus for Chrysler Group will be ready for potential buyers of the automaker soon, a source close to the process told Reuters on Friday.
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Buyout firm Cerberus Capital Management LP  has hired Chrysler's former chief operating officer to advise it on a possible bid for the U.S. carmaker, a source familiar with the matter said on Wednesday.
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DETROIT -- With handshakes and smiles, negotiators from Chrysler Group and the United Auto Workers formally begin contract talks Friday that many consider to be crucial to the survival of Detroit's three automakers.
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GMAC LLC, the auto and mortgage lender controlled by Cerberus Capital Management LP , may face "substantial difficulty" if credit markets do not improve, Cerberus founder Stephen Feinberg wrote in a January letter to investors, Bloomberg News reported on Thursday.
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DETROIT, Oct. 27 -- Members of the United Auto Workers approved a four-year contract with Chrysler on Saturday despite significant opposition, the union said.
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DETROIT - General Motors Corp. said Tuesday that people who buy 2005-model vehicles with loans from the automaker&#39;s financing arm through Nov. 30 will also be able to lock in the interest rate on their next vehicle.
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The Chrysler Group, the North American arm of DaimlerChrysler AG, continued on its hot streak last month as the only domestic automaker with increasing US sales.
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Constellation is defiantly optimistic regarding near-term challenges.
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The auto parts retailer remains strong despite slower than expected growth.
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U.S. fund Cerberus Capital Management LP   is likely to sell its stake of about 40 percent in  Japan&#39;s Imperial Hotel Ltd. (9708.T), the Nikkei business daily  reported in its evening edition on Tuesday.
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A detailed sales prospectus for  Chrysler Group will be ready for potential buyers of the  automaker soon, a source close to the process told Reuters on  Friday.
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Pricing has been sweetened on Chrysler  Financial Services&#39; $6 billion of first- and second-lien term  loans, sources told Reuters Loan Pricing Corp. on Thursday.
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A major Chrysler Group retailer expects  the struggling No. 4 U.S. automaker to maintain its share of  the pickup truck market this year by offering generous  discounts in the face of tough competition.