FORTUNE 500 Profiles and Current Quotes
While the speed of the deal took analysts by surprise, the disparity didn't. Daimler, after all, is an automotive colossus, the second largest carmaker in Europe. "German auto pros will tell you directly -- Daimler is buying Chrysler," reports TIME's Bonn Bureau Chief Jordan Bonfante. "Germany is buying the U.S., and they've got deep pockets."
Whatever the impact on American pride, the deal is a bonanza for shareholders -- especially Kirk Kerkorian, the reclusive 81-year-old who owns 13.8 percent of Chrysler. Back in 1990, he was derided for his interest in the once-struggling Michigan firm's stock. Now, if shareholders and governments on both sides of the Atlantic agree to the merger, he will reap a satisfying $5 billion payoff -- more than triple his original investment. Who says you shouldn't throw money at Motown?