David Stockman—you remember him from trickle-down economics and the Reagan era, probably—has been indicted. And Collins & Aikman is a disaster. Could Chrysler end up the same way? Some industry types are suggesting that Stockman’s private-equity gamble on the supplier is exactly what’s coming Chrysler’s way, if the Blackstone or Cerberus Groups get their hands on the automaker. While Stockman awaits testimony from four co-workers on his dealings, Chrysler awaits this week’s annual DaimlerChrysler shareholder’s meetings—and some sort of indication on its own future.
C&A: A Cautionary Tale for Chrysler?—TheCarConnection.com
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