The Road to Recovery in Detroit
Buisness Facilities Contributed Content
JULY 17, 2013
Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. The 4,600 workers currently employed at the plant are expected to produce nearly 300,000 vehicles this year, generating an estimated $2 billion in annual profits.
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