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This was considered a horizontal merger when ford and jaguar merged to form a single corporation.
Fiat has purchased about 30% of Chrysler.
In June of 2009, as reported by the Los Angeles Times, Fiat finalized its purchase of controlling interest of the Chrysler corporation, the parent company of Jeep. In 1987 Chrysler Corporation acquired American Motors Corp. for 800 million who produced Jeep at that time. In 1998 Daimler-Benz merged with Chrysler. In 2007 Cerberus Capital Management purchases controlling interest in Chrysler with Daimler-Benz still maintaining a portion.
In 1995 Lockheed merged with Martin Marietta Corporation
Henry J. Kaiser was the Chairman of the Board of the Kaiser-Jeep Corporation, headquartered in Toledo, Ohio and the maufacturer of the WWII Jeep. They later merged with American Motors, who in turn, merged with Chrysler Corp.
yes... and hadco was acquired by Sanmina... and sanmina merged with SCI...
It was taken over by Bank of Boston in 1993. BKB then merged into FLeet Bank, Which merged into Bank of America.
AnswerHere's a very short history from AllPar: "Failing automakers Hudson and Nash merged their fortunes to become American Motors Corporation, hoping that they could reap some economies of scale. Eventually, due to slow sales for their overweight cars, they were bought by Renault, partly to increase Renault's sales in the US. Renault's attempt failed, and Chrysler, under 'buy and sell' Iaccoca, bought AMC. Iaccoca, for unknown reasons, dropped the AMC name, replacing it with Eagle."
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No. In 1998 Chrysler merged with German automaker Daimler-Benz AG, then in 2007, Chrysler was sold to Cerberus Capital Management, a private equity company.
The merger was to be a merger of equals but did not actually follow this model very closely at all. The merger was accomplished by Daimler-Benz purchasing 92 percent of Chrysler in an exchange of shares. The shares were valued at $37 billion at the time.
Exxon Corporation and Mobil Oil Company merged in November of 1999.