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Daimler
AG (German
pronunciation: [ˈdaɪmlɐ
aːˈɡeː]; formerly
DaimlerChrysler;
FWB:
DAI) is a
German
car corporation. It is the
thirteenth-largest
car manufacturer and
second-largest truck
manufacturer in the world. In
addition to
automobiles, Daimler
manufactures
buses and provides financial
services through its
Daimler Financial Services
arm. The company also owns major
stakes in aerospace group
EADS, high-technology and
parent company of the
Vodafone McLaren Mercedes
racing team
McLaren Group (which
currently is in the process of
becoming a fully independent
stand-alone corporate entity[2]),
and Japanese truck maker
Mitsubishi Fuso Truck and Bus
Corporation.
DaimlerChrysler was founded in 1998 when
Mercedes-Benz manufacturer
Daimler-Benz (1926–1998) of
Stuttgart, Germany merged with the US-based
Chrysler Corporation. The deal created a new entity,
DaimlerChrysler. However, the buyout failed to produce
the trans-Atlantic automotive powerhouse dealmakers had
hoped for, and DaimlerChrysler announced on May 14, 2007
that it would sell Chrysler to
Cerberus Capital Management of New York, a
private equity firm that specializes in
restructuring troubled companies.[3]
On October 4, 2007 a DaimlerChrysler Extraordinary
Shareholders' Meeting approved the renaming of the
company. From October 5, 2007, the company has been
titled Daimler AG.[4]
The US company adopted the name
Chrysler LLC when the sale completed on August
3, 2007.
Daimler produces cars and trucks under the
brands of
Mercedes-Benz,
Maybach,
Smart,
Freightliner and many others.
Above courtesy of
Wikipeda
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Daimler
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