The Chrysler brand has used many of its nine lives to date, but the longtime American brand, which has had many adopted and foreign parents, is still alive. ... In 1998, in a deal worth $36 billion, Chrysler was acquired by Daimler-Benz of Germany, and the so-called alliance or "merger of equals" was named DaimlerChrysler.

Is Daimler the same as Chrysler?

The company was renamed DaimlerChrysler upon acquiring the American automobile manufacturer Chrysler Corporation in 1998, and was again renamed Daimler AG upon divestment of Chrysler to Cerberus Capital Management in 2007 (Chrysler is currently owned by Stellantis). ... In 2019, Daimler sold 3.3 million vehicles.

When did Chrysler and Daimler split?

The German company reported a 1.53 billion euro loss for the quarter. Daimler is scheduled to release its first-quarter earnings on Tuesday. Cerberus' acquisition of 80.1% of Chrysler in 2007 dissolved a stormy "merger of equals" made in 1998 between Daimler-Benz and Chrysler.