(Bloomberg) -- Cerberus Capital Management LP, the private equity firm buying the Chrysler unit of DaimlerChrysler AG, is assembling one of world's biggest automotive companies.
The acquisition of an 80.1 percent stake in Chrysler for $7.4 billion will give the New York-based leveraged buyout firm control of the world's fourth-largest automaker. Cerberus will add the carmaker to holdings that include GMAC LLC, the former financing unit of General Motors Corp., and the parent of the Alamo Rent-a-Car and National Car Rental chains.
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