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La Liga de Las Americas

Granholm’s statement on Cerberus’s purchase of Chrysler

Governor Jennifer M. Granholm on May 14, 2007, issued the following statement on the purchase of the Chrysler Group by Cerberus Capital Management LP: The “announcement by DaimlerChrysler AG that it will sell the Chrysler Group to Cerberus is a solid announcement for the state of Michigan and Michigan workers.  Chrysler’s $1.78 billion investment in facilities in Trenton, Marysville, Sterling Heights, and Warren is going forward as announced, and that means jobs for Michigan workers.   I am particularly pleased that this decision is now a matter of record and that Tom LaSorda and his management team can focus their attention making great products here in Michigan .”






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