Not too bad of a deal if you consider Daimler Benz bought Chrysler for around $30 billion (IIRC) and sold or plans to sell it now for around $7-9 billion. Ford comes away form the Volvo deal with a lot less ouch than Dr. Z.
Volvo is worth more than the stated amount IMO.
Not exactly.
Daimler bought (in a “merger of equals”) Chrysler in 1998 for equivalent of $36 billion. After the sale they will retain 19.9% after paying additional $650 million, with Cerberus paying $7.4 billion for 80.1% stake, and with the new venture assuming over $19 billion in retirement liabilities, which Cerberus is raising through debt from banks.