In 1925, the brothers' widows sold the Dodge Brothers Motor Company to the investment group Dillon, Read & Co. for $146 million, one of the most significant transactions in the automotive industry.
Just three years later, in 1928, Dodge was sold again to the newly formed Chrysler Corporation in a stock transfer for $170 million. Under Chrysler's ownership, the Dodge brand continued to evolve, maintaining its reputation for producing reliable, powerful vehicles.
Chrysler
The acquisition of Dodge by Chrysler Corporation i sao tome and principe email list n 1928 marked a significant turning point in the history of both companies. Dodge, already a well-established and respected brand known for its durable and powerful vehicles, added significant value to Chrysler, significantly increasing sales and revenue.
by merging with German automaker Daimler-Benz AG, forming DaimlerChrysler. This merger was initially hailed as a strategic alliance that would create a global automotive powerhouse, combining the strengths of Chrysler's American brands, including Dodge, with Daimler-Benz's luxury brand, Mercedes-Benz. The merger was intended to exploit synergies in design, manufacturing, and global market presence.
In 1998, Chrysler Corporation entered a new phase in its history
-
- Posts: 558
- Joined: Thu Dec 26, 2024 5:21 am