Cerberus Kicks Up Spending to Improve Chrysler Cars


The new man­age­ment team at Chrysler is work­ing to make the orga­ni­za­tion lean­er and more nim­ble. The automaker’s pri­vate equi­ty own­er, Cer­berus, is help­ing. Rather than build­ing cars to keep the fac­to­ry open, they want to build cars to meet cus­tomer demand. Cer­berus has increased cap­i­tal spend­ing to make improve­ments to cur­rent mod­els as well as future mod­els.