Does Chrysler still own Mercedes Benz?

Answer 1

Actually it was Mercedes that bought Chrysler in 98/99 - to their cost, as they underestimated the huge scale of getting the ramshackle operation that was (is) Chrysler up to modern European standards. Ultimately, the cost of doing so, which meant investing Mercedes profits into Chrysler retooling meant falling technical standards for Mercedes (as cost control measures were put into place in MB plants) which pissed off MB buyers, and a collapse in the group's profits - to result in trading losses for the first time ever, which pissed off the group's shareholders. So in 2007, Mercedes management did the decent thing and sold the dinosaur US company off to a vulture fund for about $1.