Daimler Cars Include The Ubiquitous Mercedes Benz
Daimler cars are manufactured by Daimler AG, a German car corporation and the world's eighth largest
car manufacturer . As well as automobiles, Daimler manufactures trucks and provides financial services through its Daimler Financial Services arm. The company also owns a major stake in aerospace group EADS.
DaimlerChrysler was founded in 1998 when Mercedes-Benz manufacturer Daimler-Benz of Stuttgart, Germany bought the US-based Chrysler Corporation. The deal created a new entity, DaimlerChrysler. However, the buyout failed to produce the trans-Atlantic automotive powerhouse deal makers had hoped for, and DaimlerChrysler announced on 14 May 2007, that it would sell Chrysler to Cerberus Capital Management of New York. On August 3, 2007, DaimlerChysler completed the sale of Chrysler Group to Cerberus Capital Management.
Daimler produces cars and trucks under the brands of Mercedes-Benz, Maybach, Smart, Freightliner and many others.
Mercedes-Benz Cars Maybach · Mercedes-Benz · Mercedes-AMG · Smart
Daimler Trucks Detroit Diesel · Freightliner · Mercedes-Benz · Mitsubishi Fuso Truck and Bus · Sterling Trucks · Western Star
Daimler Buses Mercedes-Benz buses · Orion · Setra · Thomas Built Buses
Mercedes-Benz Vans Mercedes-Benz
Profits declined 14 percent in its second quarter amid the sale of Chrysler. Daimler is
taking a $3.38 billion charge from transferring 80.1 percent of Chrysler to private-equity firm Cerberus Capital Management for more than $7 billion.
New Daimler cars now account for just over half of revenues; trucks, vans and buses for one-third; and the lucrative financial-services unit represents the rest. The company employs about 375,000 people worldwide.
The company expects improved cash flow and a better balance sheet, thanks in part to shedding the $20 billion in Chrysler post-retirement health-care liabilities. Meanwhile, the new generation of Mercedes C-Class sedans, the company's best-seller, should help this year's bottom line.
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