A Peek Inside Chrysler?
One thing that might come of today's Senate Banking committee hearing -- where the heads of Detroit's Big Three automakers are currently saying why they need a government bailout -- is a rare look inside Chrysler.
Chrysler has been a privately held company ever since Germany's Daimler sold the ailing U.S. automaker to private-equity group Cerberus Capital in May 2007.
As such, the company has not had to reveal the same financial earnings and other financial reports that publicly held GM and Ford are required to.
Today, however, lawmakers may press Chrysler chief executive Bob Nardelli to reveal more about his company as a way of proving exactly why he needs taxpayer money to stay afloat.
-- Frank Ahrens
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