DaimlerChrysler, one of the leading producers in car industry has been through many struggles in its history. Its remarkable hold of the industry and its outstanding performance made it possible for Daimler Chrysler to make unique stand in the car producing industry. Despite the weak demand in many important markets of 2002, DaimlerChrysler achieved unit sales of 4.54 million passenger cars and commercial vehicles during the year of 2002. The Mercedes car Group with unit sales of 1.23 million vehicles and Chrysler group's unit sales of 2.82 million vehicles for the year of 2002 giving DaimlerChrysler the horizon it deserves. .
In 1998 when German industrial giant Daimler-Benz AG merged with American automobile manufacturer Chrysler Corporation DaimlerChrysler came into existence. DaimlerChrysler not only in the industry of automobiles and trucks but are also producers of aircraft and aircraft engines, satellites and space systems, guided missiles and weapons systems, trains, electronics, and home appliances. But its core business is the production of cars, cars like the German luxury automobiles - the Mercedes-Benz line, as well as vehicles under the American brand names of Chrysler, Dodge, Plymouth, Eagle, and Jeep. DaimlerChrysler maintains headquarters in Stuttgart, Germany, the original home of Daimler-Benz, and in Auburn Hills, Michigan, the original headquarters of Chrysler.
History Of Daimler: In 1880s Karl Benz and Gottlieb Daimler developed from the internal-combustion engine. These two engines founded two separate companies. .
Benz and Daimler never met, but their companies, Daimler Engine and Benz & Companies, became successful manufacturers of automobiles. In 1885 Benz built a three-wheeled vehicle with an internal combustion engine, the first practical gasoline-powered automobile. In 1900 Emil Jellinek, the consul general of Austria-Hungary, financed Daimler's production of a new high-performance car on the condition that it be named after Jellinek's daughter Mercedes.