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This article is from the Chrysler-Plymouth-Dodge FAQ, by Dr. David Zatz with numerous contributions by others.

04 What about the merger / takeover?

Motivation: Chrysler execs got about $60 million in personal profit.
Daimler bought Chrysler, doubling their profits (temporarily).
They reportedly siphoned off Chrysler profits via accounting
tricks in order to make Mercedes look more profitable.
Daimler got Chrysler's $8-10 billion war chest.
One UAW and one German union rep on the new board.
Only one Chrysler rep on the board left from original four.
Chrysler, Mitsubishi, Mercedes all being fused into one big unit.
Many plants were sold.

 

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