Auto Firms Being Bought

Cerberus Capital Management has been buying up a large portion of the United States’ auto loan industry and they have many people wondering what exactly they are up to. Anyone checking out the company will find little information regarding it as well, and they are wondering what the New York private equity fund might want with all that auto industry.

They have always been known as a somewhat secretive investment company, and those that have tried to find out more about them, or interview its founder Stephen Feinberg have been unsuccessful in their attempts.

The company already owns Alamo and National rental car companies, as well as Fila, Blue Bird school busses, Rafaella, and over 250 Burger King Restaurants. They also list various financial institutions, property managers, and mortgage companies as part of their holdings.

The fact that there isn’t a lot of information on them actually bodes well for the company, as many don’t know what their next move is until they make it. They have just purchased controlling interest in the auto loan arm of General Motors – GMAC, and are also looking into a wing of the Chrysler Group’s business.
 

Back to May Index