Is Chrysler still owned by Daimler?
No, Chrysler is no longer owned by Daimler. The two companies merged in 1998 to form DaimlerChrysler AG, a high-profile corporate union that faced significant challenges and investor criticism. In 2007, the partnership was dissolved when Daimler sold the majority stake in Chrysler to the private equity firm Cerberus Capital Management, at which point the company was renamed Chrysler LLC. Since that divestment, the German automaker—which has since been renamed the Mercedes-Benz Group—has operated independently of Chrysler. Chrysler has undergone several ownership changes in the years since, passing through periods of bankruptcy and restructuring, and it is currently a brand under the Stellantis automotive conglomerate, having completely severed its historic ties to the German automotive giant decades ago.
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