Chrysler Bought By Cerberus

Chrysler has been purchased by Cerberus Capital Management for $7.4 billion. No word yet on whether Jeep was included in the deal, but my guess is that it is.

[Update] Thanks to Jake in the comments below, it has been confirmed that Jeep is included in the deal. So, one has to wonder what this means for the Jeep brand. My guess is that things will stay mostly the same, but you never know.