When did Mercedes buy Jeep?
Someone told me the other day that Mercedes bought Jeep sometime before the turn of the century, which came as a surprise because I thought Jeep was owned by Chrysler. When did Mercedes buy Jeep?
Andrew (Andy) Biro · Answered on Dec 19, 2022
Reviewed by Shannon Martin, Licensed Insurance Agent.
This is a great question! You’re technically right that Chrysler owns Jeep—it bought the brand back in 1987—but Mercedes-Benz did own Jeep for a short period of time after the German automobile company Daimler-Benz merged with the Chrysler Corporation on May 7th, 1998.
At the time, the merger seemed like a good idea for both companies, as Mercedes-Benz would benefit from Chrysler’s U.S. dealership network and Chrysler would benefit from the acquisition of certain mechanical pieces and the Mercedes platform.
In the end, however, the merger would prove to be disastrous for Daimler-Benz, which would go on to sell the company to private equity in 2006. It would then be bought by Fiat on Jan. 21, 2014, at which point Fiat Chrysler Automobiles (FCA) was born.
View full answer
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Browse More Content
Insurance in Your State
What Others Are Asking
Which Toyota Highlanders have captain’s seats?
I’ve been looking at SUVs for what seems like forever, and I think I’ve settled on the Toyota Highlander. If I’m not mistaken, it looks like it features standard second-row captain’s seats. Is that right?
Nov 14, 2022
What does renters insurance cover in Texas?
I am required to carry renters insurance by my landlord. I live in San Antonio. What will renters insurance cover in Texas?
Oct 12, 2022
What is a 2015 Chevrolet Silverado's oil capacity?
I need to change the oil in my 2015 Chevy Silverado. I plan to do the oil change myself. What is a 2015 Chevrolet Silverado's oil capacity?
Mar 25, 2022
Read Advice From Car Experts At Jerry
Kia Resale Value
To get the highest resale value on your Kia, it’s best to sell it within three years of ownership.
The New Corvette Colors for 2022
Chevy is shaking things up with new paint colors for the 2022 Chevrolet Corvette C8. What three new colors can we look forward to and which ones got the ax?
Browse By Topics
Easiest way to compare and buy car insurance
Find insurance savings — it's 100% free
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies