Cerberus: Chrysler to be exchanged

[banned3x]

According to a new Automotive News article, Cerberus is planning to give away its entire stake in Chrysler - roughly 80% of the company - to labor and creditors.

linky (http://www.allpar.com/news/index.php/2008/12/cerberus-chrysler-to-be-exchanged/)

[Xtrema]

hmm, doesn't sound like other sites are reporting that yet. Wonder how legit is the source.

[Redlyne_mr2]

I question the source as that site seems sketchy but regardless
Chrysler has always been "owned" by the unions, this would make it official.

[Realistic]

this is the first time i've heard of it... pretty sketchy.