Corporate Events

DaimlerChrysler Demerger

Also Known As Chrysler sale to Cerberus

Citation Formats

General Reference

Business Atlas. "DaimlerChrysler Demerger." Accessed August 30, 2026. https://dev-business.interactiveatlas.org/corporate-events/daimlerchrysler-demerger-2007.

APA Style

Business Atlas. (n.d.). DaimlerChrysler Demerger. Retrieved August 30, 2026, from https://dev-business.interactiveatlas.org/corporate-events/daimlerchrysler-demerger-2007

BibTeX

@misc{businessatlas-daimlerchrysler-demerger,
  author = {Business Atlas},
  title = {DaimlerChrysler Demerger},
  year = {2026},
  url = {https://dev-business.interactiveatlas.org/corporate-events/daimlerchrysler-demerger-2007},
  note = {Accessed August 30, 2026}
}

In May 2007, DaimlerChrysler agreed to sell an 80.1 percent stake in its Chrysler unit to the private equity firm Cerberus Capital Management for $6 billion, completing the sale on August 3, 2007 and ending the nine-year transatlantic merger; the remaining company was renamed Daimler AG.

Facts

Event Type

Divestiture (private equity sale) 1

Event Year

2007 1

Cross-Tradition Connections