General Motors Diesel Division Division. In 1965 GMDD was absorbed by the General Motors Detroit Diesel Engine Division. General Motors Diesel Division is not to be confused with General Motors Diesel, Ltd., the Canadian subsidiary of EMD formed in 1949, or the Diesel Division of General Motors of Canada, the entity for General Motors of Canada's diesel equipment manufacturing operations formed in 1969. Diesel engines produced by the General Motors Cleveland Diesel and Detroit Diesel Engine Divisions General Motors Diesel Division General Motors Diesel Division (GMDD) was a marketing and customer service unit of General Motors founded in 1938. It sought customers for GM's
History of Chrysler a bid for Chrysler. Magna's offer was later outbid. DaimlerChrysler AG announced on May 14, 2007 that it would sell 80.1% of its stake in the Chrysler Group to Cerberus Capital Management for US$7.4 billion. Chrysler Group (DaimlerChrysler Corporation) would officially become Chrysler Holding LLC (changed to Chrysler LLC upon completion of the sale), with two subsidiaries – Chrysler Motors LLC (new name of DaimlerChrysler Motors Company), which produces Chrysler/Dodge/Jeep vehicles, and Chrysler Financial Services LLC (new name of DaimlerChrysler Financial Services Americas LLC), which took over the operations of Chrysler Financial. DaimlerChrysler AG changed its name to Daimler AG.