Many of us have probably heard the WORD, yesterday, but I just found out, today, that as of Friday August 3, 2007 , (to quote the L.A. Times Business section, today) : " Chrysler, once home to Lee Iacocca and the populizer of the minivan, is an AMERICAN COMPANY AGAIN." Cerberus Capital Management on Friday closed its $7.4 billion deal to buy a controlling sharein the 82-year-old automaker from DEADlerChrysler, the german parent of mercedes bends. With the closing, Aunurn Hills , MI-based CHRYSLER [ no Deadler, anymore!!! ] becomes the first U.S. automaker in private hands since Ford went public, in 1956 NOW GET THIS: [editorial comment] : Chrysler, which plans a companywide celebration Monday when it will REVIVE its five-pointed Pentastar logo, will be free of the quarterly earnings pressures that public firms face. ..read the rest of the article, on latimes.com HOORAY!!!!!!!!!!!!!!!!!!!!!!!! (too bad Plymouth's not here, to see this day, but, maybe sometime in the not-far-future, there will be a PLY, to sell entry-level/family cars, again) Neil Vedder ************************************************************* To unsubscribe or set your subscription options, please go to http://lists.psu.edu/cgi-bin/wa?SUBED1=l-forwardlook&A=1
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