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The DaimlerChrysler Era: An Index

J.P. wrote: “The official merger date [November 17, 1998] was termed Day One. There was a celebration at all sites around the world. At CTC, the name on the building was changed, and everything became DaimlerChrysler AG. They even passed out a memorial package with a transparent watch and other memorabilia.”

Daimler passed nearly 80% of what had become Chrysler Group to Cerberus on August 3, 2007. There was considerable excitement and enthusiasm until Bob Nardelli was appointed CEO and Cerberus’ plan became clear. Chrysler declared bankruptcy in 2009 and a consortium of the U.S. and Canadian governments and Fiat purchased most of its assets in the same year, with 35% of the new company eventually belonging to Fiat and 55% belonging to the employee benefits association, which will, like the government, sell their shares over time.

2002-2006


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