1998 : Daimler Benz and Chrysler Merge

May 7, 2022 all-day

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.

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