US Private Equity Firm Buys Chrysler

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DaimlerChrysler will become Daimler and Chrysler again in the breakup of the most expensive merger in auto industry history. Chrysler's new owner will be Cerberus Capital Management, a private equity firm run by former Treasury Secretary John Snow.  David Cole is Chair of the Center for Automotive Research, a nonprofit think-tank in Ann Arbor, Michigan.

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