Rem/Marlin/Bushmaster owner also owns Chrysler

JR @ A Keyboard and a .45 pointed this out and I got quite a surprise.

Last year American private equity firm Cerberus Capital Management bought a 80.1% stake in Chrysler who, although I am sure you already know this, effectively blackmailed the US government by threatening to close their plants 6 days before Christmas and have now gotten their share of a $13.4 billion bailout.Picture 2-14

Cerberus is also the firm that has been playing collect-the-whole-set with American firearm manufacturers. They own either directly or indirectly Remington, Marlin, DPMS, Bushmaster and H&R.

Wikipedia has a list of Cerberus owned companies.

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Steve Dec 22nd 2008 misc, news Tags: , 5 Comments

5 Responses to “Rem/Marlin/Bushmaster owner also owns Chrysler”

  1. sigboy40on 23 Dec 2008 at 2:49 am link comment

    IMO Cerberus feels that by taking the bailout money it puts them in a position to not lose their other assets. How would you feel if you couldn’t make your car payment and they came and took your Bushmaster?

  2. jdun1911on 23 Dec 2008 at 10:43 am link comment

    I don’t believe in bailout. If a company is mismanage or the marketplace feels there is no more need for their service then it should be allow to die. With that said I also don’t believe in welfare.

    If the bailout doesn’t plan out Cerberus will sell Chrysler in pieces. The three US car manufactures and its Unions are a cancer to the nation.

    @sigboy40

    It’s call responsibility. If you screw up, pay the piper.

    I believe responsibility should be taught at an early age. At the very least we would have less whiners.

  3. Steveon 23 Dec 2008 at 11:06 am link comment

    Cerberus would have know about Chryslers troubles when they purchased it and the price they paid would have reflected this.

  4. Murdocon 23 Dec 2008 at 12:40 pm link comment

    Also DPMS.

  5. Murdocon 23 Dec 2008 at 12:41 pm link comment

    Ooops. You had that in the content. Sorry.

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