The Fiat and Chrysler agreement came as a surprise early on in 2009 as the two automakers revealed that they had been in talks since the previous summer. Chrysler had been owned for about a decade by German automaker Daimler AG, producer of Mercedes-Benz and Smart vehicles, but was sold to an equity firm, Cerberus Capital Management, LP in 2007. Since that sale, Cerberus management has been
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