Chrysler/Cerberus: Chasing its own tail

Cerberus is already bogged down by its investments in struggling US car companies. Now the private equity firm may buy the 20% of Chrysler it doesn’t own from Daimler. Though the US car market is in bad shape, the deal actually has its merits. As sole owner, the private equity firm won’t have to concern itself with the reaction of the unit’s erstwhile parent. What’s more, the outlook for all three of Detroit’s manufacturers means Cerberus can probably get the stake for a song. And since Cerberus...