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07/05/1998 Mercedes-Benz buys Chrysler for $40 billion USD

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It was called "a merger of equals" and one of the biggest in the history of modern industry. Daimler-Benz purchased 92% of Chrysler for nearly $40 billion. Despite being one of the "Big 3" US automakers, Chrysler was sold off in 2007, declared bankruptcy in 2009, and is currently owned by Fiat.
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