On May 7, 1998, Daimler Benz and Chrysler Corporation announced their “merger of equals.” The value of the combined automotive companies of $92 billion at the time of the merger was historic — the largest industrial coupling ever.
On August 3, 2007, DaimlerChrysler completed the sale of Chrysler Group to Cerberus Capital Management.
Source : Detroit Historical Society Facebook Page and Daimler AG wikipedia page.