It's true. Lets not pretend that America hasn't been in decline for decades. We recently hear "Chrysler might be sold" as if it still has any semblance of an American icon.
Yes. Chrysler has been sold.
"In 1998 Chrysler was sold to Daimler-Benz, forming DaimlerChrysler AG. Chrysler Corporation then was legally renamed DaimlerChrysler Motors Company LLC, while its total operations began doing business as Chrysler Group. This was initially declared to be a merger of equals, but it quickly became evident that Daimler-Benz was the dominant partner." [1]
"DaimlerChrysler announced on 14 May 2007 that it would sell Chrysler to Cerberus Capital Management of New York, a private equity firm that specializes in restructuring troubled companies."
Sources:
1. Thanks to who ever loaded this onto Wikipedia.
