Chrysler - Acquisition
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Title: Chrysler - Acquisition

Essay Details:

Subject: Business
Author: Katherine J
Date: August 2, 2017
Level:
Grade: A
Length: 2 / 486

Essay text:

The company was further restricted by a narrow range of products, obsolete technologies, a mostly restricted presence outside of the U.S., and high U.S. labor costs. As the company struggled to stay afloat, in a last chance to save itself, Chrysler sold out in an acquisition by Cerberus Capital Management and became private. Since the acquisition, top executives of Chrysler have been able to speedily make changes and improvements to existing models of Chrysler automobiles, even to the tune of millions of dollars spent for changes. The reason for the speed at which decisions are now made is that Chrysler executives do not have to go through the typical, lengthy, approval process usually required by the members of the board when the company was publicly traded...

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