Ah, but where would Chrysler be if Cerberus had NOT taken it over? Chrysler proved to be a huge money pit for Daimler and Daimler was ready to do just about anything to dump Chrysler. They actually had to PAY Cerberus to take Chrysler off their hands!
Whether or not the Chrysler brand sticks around depends on them producing vehicles that will sell, not whether or not Cerberus "does the right thing". GM dumped the Oldsmobile brand (at the time, the oldest american automobile brand still in existence) because nobody was interested in buying Oldsmobiles.
As for the venerable Jeep brand, it has changed hands many times before. Four companies have owned this brand, if I count right: Willys-Overland, Kaiser, American Motors and Chrysler. I'm sure Jeep will be around for a while.
I'm not sure if they finally tore it down, but at least until very recently the old Jeep plant in Toledo still had a smokestack standing that had "OVERLAND" spelled out in its brickwork. I always got a kick out of that everytime I drove by.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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