Daimler-Benz and Chrysler merger

URI: https://gptkb.org/entity/Daimler-Benz_and_Chrysler_merger
GPTKB entity
Statements (32)
Predicate Object
gptkbp:instanceOf acquisition
gptkbp:acquirerOfChryslerAfterDemerger gptkb:Cerberus_Capital_Management
gptkbp:announced May 7, 1998
gptkbp:CEOAfterMerger gptkb:Jürgen_Schrempp
gptkbp:ChairmanAfterMerger gptkb:Jürgen_Schrempp
gptkbp:completedIn November 12, 1998
gptkbp:demergedOn August 3, 2007
gptkbp:demergerResultedIn gptkb:Daimler_AG
gptkb:Chrysler_LLC
gptkbp:headquarters gptkb:Stuttgart,_Germany
gptkb:Auburn_Hills,_Michigan,_USA
https://www.w3.org/2000/01/rdf-schema#label Daimler-Benz and Chrysler merger
gptkbp:industry automotive industry
gptkbp:involvedIn gptkb:Chrysler_Corporation
gptkb:Daimler-Benz
gptkbp:notableFor cultural integration challenges
eventual demerger
largest trans-Atlantic industrial merger at the time
gptkbp:officialName gptkb:DaimlerChrysler_merger
gptkbp:PresidentAfterMerger gptkb:Robert_Eaton
gptkbp:reasonForDemerger financial losses at Chrysler
strategic misalignment
gptkbp:region gptkb:Germany
gptkb:United_States
gptkbp:resultedIn gptkb:DaimlerChrysler_AG
gptkbp:stockExchange gptkb:New_York_Stock_Exchange
gptkb:Frankfurt_Stock_Exchange
gptkbp:stockSymbol gptkb:DCX
gptkbp:typeOfMerger merger of equals
gptkbp:valuation $36 billion
gptkbp:bfsParent gptkb:Jürgen_Schrempp
gptkbp:bfsLayer 6