Does Chrysler Own Mercedes-Benz?

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Mercedes-Benz is owned by Daimler, although for the period between 1998 and 2007, it was somewhat correct to say that Chrysler owned Mercedes-Benz. In 1998, Mercedes-Benz' parent company, Daimler, merged with Chrysler to become DaimlerChrysler AG. The merger between Daimler and Chrysler was billed as a "merger of equals."