Chrysler Group LLC is a company that manufactures automobiles since 1925. DaimlerChrysler was the third largest car company in the world, had its headquarters in Germany, and comprised of several leading companies, among these, Chrysler, which produces brands Chrysler, Dodge and Jeep. On May 17 of 2007 DaimlerChrysler announced the sale of 80.1% of Chrysler to Cerberus Capital Management firm, LP for an amount of 5,500 million euros. In late 2007 Chrysler changes hands, and the German company changed its name to Daimler AG, but still retains 19.9% of the shares.
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