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Essay text:
The company was founded in 1998 forming the first transatlantic
corporation with Chrysler. In May 2007 DaimlerChrysler announced to sell
the American automaker Chrysler to a private equity firm. The Extraordinary
Shareholders? Meeting in October 2007 approved the renaming of the
company into Daimler AG.
The company has a long tradition in the automotive industry, being the
pioneer-firm in car manufacturing. The Daimler AG has a wide product range,
its major brands being Mercedes-Benz and Mercedes-AMG. Other brands of
the company are Maybach, Smart, Western Star and Freightliner. This
product portfolio enables Daimler to be active in nearly all countries of the
world...
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