Is Chrysler Going to enter the Hybrid car Market? May 16, 2007 10:28 AM
Money losing Chrysler has been saved from bankruptcy after being bought by Cerberus.
My first instinctive reaction to this news was, great ! They are going to start with a fresh new slate and set bold new plans for fuel efficient cars.
Chrysler has earned some respect with more fuel efficent SUV's lately, getting over 30mpg, hopefully they will capitalize on that.
Unfortunetely Cerberus has a reputation as a company that thrives on taking over stuggling companies and reselling them later after slashing costs (jobs). Many think a company from Asia will buy the company in a few years after they do all the dirty work.
Good luck Chrysler, looks your going to need it,
P.Fezziwig, administrator for GreenCarsNow.com , a website devoted to promoting fuel efficient cars.
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