Cerberus seeks buyers for Chrysler Financial-Bloomberg

Newswire

Nov 24 (Reuters) - Cerberus Capital Management is on the lookout for buyers for auto lender Chrysler Financial, which it acquired as part of a Chrysler LLC buyout deal in 2007, Bloomberg reported, citing two people with knowledge of the matter. Private-equity firm Cerberus has in recent days began soliciting interest in the Farmington Hills, Michigan-based business from large banks, the news agency said. The former lending arm of Chrysler has a book value, or assets minus liabilities, of ...

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