[dtw]

This will be REALLY interesting to watch. My primary client is a recently-acquired Cerberus portfolio company and it has been fascinating to see how relentlessly these guys push change. It is uncompromising. While there haven't been any layoffs here, there's also been positive cash flow a-plenty. Chrysler is already in the middle of downsizing - so I'd expect a harsher reality for them.

The biggest aspect of this for me is to see how they deal with Chryslers cash-burning cost structure - namely, the union pension/healthcare/salary issues. The concept of peaceful co-existence between entrenched UAW and private equity guys would seem to be unlikely.

Grab your popcorn!