Encyclopedia > DaimlerChrysler

  Article Content

DaimlerChrysler

DaimlerChrysler AG is a prominent automobile and truck manufacturer, formed in 1998 (announced on May 7) by the buyout - with marketing portraying it as a "merger of equals" - of the Chrysler Corporation (USA) by Daimler-Benz (Germany).

The company produces cars and trucks under Mercedes-Benz and Chrysler brands. Other car brands offered are: Smart and Maybach[?] on the Daimler-Benz side, Dodge and Jeep on the Chrysler side. The company also owns a substantial share in the Japanese car company Mitsubishi and the car operations of Korean manufacturer Hyundai.

As of 2002, the merged company appeared to run two independent product lines, with few signs of corporate integration. In 2003 however, it was revealed by the Detroit News that the "merger of equals" was, in fact, a buyout. This news came forth as new products such as the Chrysler Crossfire (using extensive Mercedes parts) and the Dodge Sprinter (a rebadged Freightliner Sprinter van) came to market. Future cars are to share platforms across all of DaimlerChrysler's brands.

Holdings:

External link



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Juan Trippe

... airplanes. In October of 1958, Pan Am's first jet flight took off, a Boeing 707 taking off from Idlewild International Airport and landing in Paris. Trippe used his new ...