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Daimler AG came out of this as well as could be expected.
Quoting Detroit News:
"Most of Cerberus's $7.4 billion payment will not go to DaimlerChrysler but to bolster Chrysler's operations, which DaimlerChrysler is transferring free of debt. The majority of the payment will be invested in Chrysler's industrial business, while slightly over $1 billion has been earmarked for the financial services activities, DaimlerChrysler said.
The German automaker will receive the remaining $1.3 billion in a transaction expected to result in a net cash outflow of around $650 million by the Stuttgart, Germany-based automaker. "
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-Eric
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