Chrysler Financial for Sale

ChryslerFinancial - November 23, 2010

Chrysler Finan­cial is being offered for sale to major banks by Cer­berus Cap­i­tal Man­age­ment. Cer­berus retained con­trol of Chrysler Finan­cial after los­ing both GMAC and Chrysler as a result of bank­rupt­cy. The book val­ue of the trans­ac­tion is between $6 to $7 bil­lion and could near­ly match the price Cer­berus orig­i­nal­ly paid for Chrysler.