Michigan Governor Granholm Statement on Cerberus Purchase of Chrysler
By admin - Posted on May 15th, 2007
May 14, 2007 -- LANSING - Michigan Governor Jennifer M. Granholm today issued the following statement on the purchase of the Chrysler Group by Cerberus Capital Management LP:
"Today's announcement by DaimlerChrysler AG that it will sell the Chrysler Group to Cerberus is a solid announcement for the state of Michigan and Michigan workers.
"Chrysler's $1.78 billion investment in facilities in Trenton, Marysville, Sterling Heights and Warren is going forward as announced, and that means jobs for Michigan workers.
"I am particularly pleased that this decision is now a matter of record and that Tom LaSorda and his management team can focus their attention making great products here in Michigan."
Source: Michigan Governor
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