Worst Mistakes In History, Mercedez-Benz buys Chrysler

Worst Mistakes In History, Mercedez-Benz buys Chrysler

Mercedez-Benz buys Chrysler

Overpayment in 1998: $20 billion

Inflation-adjusted:  $26.6 billion

In 1998, Mercedes-Benz merged with Chrysler to create Daimler Chrysler, for $37 billion. But the merger didn’t work out as planned and by 2007, Mercedes sold Chrysler Cerberus Capital Management for only $7 billion.

Read more: http://www.businessinsider.com/worst-mistakes-in-history-2011-4#mercedez-benz-buys-chrysler-22#ixzz1sWrhCCpW

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