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Byline: Tom Walsh
Aug. 6--Holy Batmobile, Robin!
This Cerberus-Chrysler deal is shaping up as a wild ride for the ages.
With the ink barely dry on Friday's closing papers that transferred 80.1% of Chrysler Group ownership from Germany's DaimlerChrysler to Gotham City's Cerberus Capital Management, the new Cerberus owners have demoted the Chrysler CEO, broomed his No. 2 guy and installed Robert Nardelli to run the joint.
"This blows me away," said David Cole, chairman of the Center for Automotive Research in Ann Arbor, when I told him the news Sunday night.
What this shake-up confirms is that despite all the talk from Cerberus …