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Chrysler Group dealers believe in Cerberus

Top Chrysler Group dealers emerged from their first face-to-face meeting with Cerberus Capital Management impressed with the investor's plan to make Chrysler "a great American car company" again, according to the Detoit Free Press.

Cerberus Chief Executive Officer Steve Feinberg sat at a table Thursday with 16 of the 20 members of the dealer council that represents about 3,700 Chrysler Group dealerships around the country.

The meeting was held at Cerberus' offices in New York City.

Feinberg, whose private equity firm is set to acquire the automaker, spoke about Cerberus' commitment to the U.S. auto industry, dealers at the table said.

Posted by   at 9:59 AM to Companies | Permalink

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