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From the first automobile to electric cars: The company's history. Overview. On 7 May 1998, Daimler-Benz AG in Germany and Chrysler Corporation in the USA signed a merger contract to form DaimlerChrysler AG.
Nov 13, 2009 · The purchase of Chrysler, America’s third-largest car company, by the Stuttgart-based Daimler-Benz marked the biggest acquisition by a foreign buyer of any U.S. company in history.
The company was renamed DaimlerChrysler upon the acquisition of American automobile manufacturer Chrysler Corporation in 1998, and was again renamed Daimler AG upon divestment of Chrysler in 2007. In 2021, Daimler AG was the second-largest German automaker and the sixth-largest worldwide by production.
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In 2007, DaimlerChrysler was dissolved and the Chrysler part sold to the private equity group Cerberus — a sad conclusion to what began as a great spectacle. Here is the story straight from the...
May 14, 2007 · May 1998: DaimlerChrysler formed after German group Daimler-Benz and Chrysler Group – the third biggest US carmaker – join forces in a $37bn deal described as a “merger of equals“. The...
May 8, 2018 · The vehicles on FCA U.S. dealer lots today, more than a decade after the merger's unceremonious demise, say otherwise. Every Dodge in the lineup, two Jeep nameplates and the iconic Chrysler 300...
May 18, 2007 · May 18, 2007. Post. Buy Copies. That Daimler can sell Chrysler as a more-or-less intact unit to a private equity firm tells you all you need to know about why the combination failed. The two...