Wednesday, May 16, 2007

The Oakland Press: Business-Nonprofits hopeful that Chrysler will maintain charitable efforts

The Oakland Press: Business: "Area nonprofit leaders sound hopeful about how the sale of the Chrysler Group may affect them. On Monday, DaimlerChrysler AG announced plans to sell a majority stake in its North American unit to New York private equity firm Cerberus Capital Management. The move ends a nine-year merger that had created the German-American automaker.

'We don't foresee change,' said Rick Loewenstein, chief advancement officer at the Bloomfield Hills-based Cranbrook Educational Communit"

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