Former CEO Bob Nardelli says the Obama administration didn't need to give control of Chrysler to Fiat SpA in order to save it, and believes his private equity firm could have done a better job of righting the struggling automaker.
Nardelli, who stepped down as Chrysler CEO in 2009, says he "laments all the time" that private equity firm Cerberus Capital Management LP, for which he still works, is no longer running the smallest of Detroit's three auto companies.
"There was no reason for the government to give Chrysler away."
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