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http://www.reuters.com/article/marketsNews/idINN1348280320081013?rpc=44

PHILADELPHIA, Oct 13 (Reuters) - Cerberus Capital Management, which owns 80 percent of Chrysler, has no plans to divest its stake in Chrysler and aims to own an interest in any combined company that may merge with the U.S. automaker, a source familiar with Cerberus' thinking said on Monday.

Cerberus had held talks about potentially combining Chrysler with General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz), but never discussed divesting its entire Chrysler stake or swapping Chrysler in exchange for an increased stake in auto-lending business GMAC, the source said.

"Cerberus is not dumping Chrysler or simply swapping it for an increased share in GMAC. That deal was not discussed and they have no interest in it," said the source, who declined to be identified.

"In any business combination with GM or anyone else Cerberus would look to come out on the other side owning a meaningful stake in the combined auto company,"
 

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http://www.reuters.com/article/marketsNews/idINN1348280320081013?rpc=44

PHILADELPHIA, Oct 13 (Reuters) - Cerberus Capital Management, which owns 80 percent of Chrysler, has no plans to divest its stake in Chrysler and aims to own an interest in any combined company that may merge with the U.S. automaker, a source familiar with Cerberus' thinking said on Monday.

Cerberus had held talks about potentially combining Chrysler with General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz), but never discussed divesting its entire Chrysler stake or swapping Chrysler in exchange for an increased stake in auto-lending business GMAC, the source said.

"Cerberus is not dumping Chrysler or simply swapping it for an increased share in GMAC. That deal was not discussed and they have no interest in it," said the source, who declined to be identified.

"In any business combination with GM or anyone else Cerberus would look to come out on the other side owning a meaningful stake in the combined auto company,"
I could see them wanting to keep some interest in GM-C since a "captive" automaker is just a important to a finance company as a "captive" finance company is to an automaker, since it makes "packaged purchase/lease offers" easier to work out.
 

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At the moment, Mattel, maker of Matchbox cars, has enough cash to buy GM and a larger market cap. Kinda funny if you think about it.

The question is, who would want to inherit GM's liabilities?
Someone with a plan ;)
 
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