<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aaecf7f6-0c6a-4f03-8891-6fb633895d4d/1ADA597C-80AA-41F2-883C-A5790C146015/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5" href="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5"><H1>Iacocca: "Daimler Screwed Chrysler"</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5"> My phone started ringing off the hook the day Daimler's (<A rel="ticker" href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=DCX">DCX</A>) deal to sell Chrysler to Cerberus was announced. The reactions were mixed. Some people thought it was a hell of a deal. Others thought it was a deal from hell. More than one person mentioned that Cerberus was named after the three-headed monster in Greek mythology that guards the gates of Hades. Mostly, though, the people I talked to wanted it to work because they cared about Chrysler and about the future of the American auto industry.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5"><P class="byline">by <A href="http://www.businessweek.com/autos/content/may2007/../../../bios/Lee_Iacocca.htm">Lee Iacocca</A> </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/autos/content/may2007/bw20070517_870308.htm?chan=rss_topStories_ssi_5"><P> Now the question is: Has the sale to Cerberus rescued Chrysler or doomed it to the junkyard? The answer won't be known for some time. But Chrysler's fate will ultimately depend on the kind of hands-on leadership Cerberus brings to the table. Let's look at the pros and cons. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1ADA597C-80AA-41F2-883C-A5790C146015/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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