Cerberus Rues Chrysler Drain as Nardelli Fails to Arrest Losses
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2008-06-18 — bloomberg.com
"The worst U.S. housing crisis since the 1930s was spilling into car buying. Chrysler, which had survived past struggles thanks to a 1980 federal loan guarantee and Daimler-Benz AG's $36 billion purchase in 1998, needed to face reality and forget about making more cars. "
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