MARCH 14, 2007
Bernhard moving in at Chrysler?
Wolfgang Bernhard, the German automobile executive who helped to revive Chrysler five years ago, could be on his way back to the firm as a consultant to Cerberus Capital Management, a private equity group that is bidding to buy the firm.
DaimlerChrysler bosses have yet to confirm that Chrysler is for sale but there is no doubt that bidders are lining up to do a deal.
Cerberus has been busy in the automotive sector, buying control of GMAC - the finance division of General Motors - last year and currently bidding for parts supplier Delphi.
Bernhard resigned from Volkswagen in January.
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