| Daimler AG, formerly DaimlerChrysler AG, is the ultimate parent company of the Daimler Group, which develops, manufactures, distributes and sells a range of automotive products, mainly passenger cars, trucks, vans and buses. It also provides financial and other services relating to its automotive businesses. The Company operates in four segments: Mercedes-Benz Cars, Daimler Trucks, Daimler Financial Services and Vans, Buses, Other. As of December 31, 2007, the Company's subsidiaries included Daimler Luft-und Raumfahrt Holding AG and Daimler North America Corporation. On August 3, 2007, the Company transferred an 80.1% interest in Chrysler Group and the related Chrysler financial services business in the North American Free Trade Agreement (NAFTA) region to a subsidiary of Cerberus. The Company retained a 19.9% non-controlling equity interest in Chrysler Holding LLC, a holding company for the Chrysler activities. |
