Showing posts with label Cerberus. Show all posts
Showing posts with label Cerberus. Show all posts

2.08.2008

The Viper is Dead; Long Live the Viper


Jalopnik is reporting today that the Dodge Viper will be no more. As part of "Project Genesis", Cerberus (the new owners of Chrysler) are cutting a number of models from the product range (PT Cruiser convertible, Pacifica, Magnum, Crossfire) ... including the Viper. The '08 Viper will be a 4th generation, which will be produced until 2011ish ... and then, according to the Jalop's sources ... no more snake.


Never really been my car of choice, but it certainly set a standard for American muscle cars. Viper, you will be missed.

5.15.2007

Poor Belinda ...

Well, as you probably (maybe?) know, Chrysler has been sold. The disappointing part of that news is that Belinda will not be the new Queen of Chrysler. No, allegedly the reports that Magna Corp was the #1 prospect were mistaken (or false).

Instead, ze Germans have sold Chrysler to Cerberus. "Hmmm" you're thinking. "I've never heard of a Cerberus-made car. Perhaps they, like Magna, make parts?"

You're mistaken ... Cerberus makes neither cars NOR parts. They make money. Cerberus Capital Management is a New York-based private equity firm that likes to buy stuff (including National/Alamo car rentals, Blue Bird buses, 51% of GM's finance firm, Remington guns, etc).

Buzz Hargrove was all uppity, worrying that the sale would lead to job cutting, but Cerberus has signed a written agreement stating that no jobs would be lost. Impressive!

Honestly, Chrysler was on a downhill slope anyways. This can't really do anything bad to the company.