DaimlerChrysler AG (ISIN: DE0007100000) is a German car corporation and the world’s fifth largest car manufacturer. DaimlerChrysler is an automobile , trucks manufacturer and financial services provider (through DaimlerChrysler Financial Services). The company also owns a major stake in aerospace group EADS.
DaimlerChrysler was formed in 1998 after Daimler-Benz (the manufacturer of Mercedes-Benz) (Baden-Württemberg) had acquired Chrysler Corporation (USA). The acquisition was announced on May 7, and took place on November 12.
The company produces cars and trucks under the brands Chrysler, Dodge, Jeep, Mercedes-Benz, Smart, and Maybach, among others. The Chrysler Group (Chrysler, Jeep and Dodge) also provides its customers with parts and accessories marketed under the Mopar brand name.
Through most of its history, Chrysler has been the third largest of the “Big 3″ US auto makers, but in Jan 2007, DaimlerChrysler, excluding its luxury Mercedes and Maybach lines, also outsold traditionally second place Ford, though behind Toyota.
In mid-February, Chrysler group announced plans to lay off 13,000 employees, close a major assembly plant and reduce production at other plants in order to restore profitability by 2008. [1] General Motors is in talks to buy DaimlerChrysler AG’s struggling Chrysler Group in its entirety, according to several reports. Volkswagen is the latest carmaker to say it is not interested in acquiring money-losing Chrysler from DaimlerChrysler. VW joins the Renault-Nissan auto alliance and Hyundai Motor Company, which said earlier they were not interested in acquiring Chrysler.
Source: Wikipedia
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