As a result , Chrysler was sold to Cerberus Capital Management and renamed Chrysler LLC in 2007 .
In 1998 , Chrysler merged with German automaker Daimler - Benz AG to form DaimlerChrysler ; the merger proved contentious with investors .
Chrysler was sold to Cerberus Capital Management and renamed DaimlerChrysler   in 2007 .
In 1998 , Chrysler merged with German automaker Daimler - Benz AG to form DaimlerChrysler ; the merger proved contentious with investors .