Chrysler creditors have asked a bankruptcy court to allow them to sue Daimler, arguing that the 2007 sale of the US automaker to Cerberus Capital Management stripped it of its most valuable assets.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


Judge Arthur Gonzalez scheduled a hearing for 13 August, according to Reuters.


Daimler, which sold an 81.1% controlling stake in Chrysler to Cerberus, said the claim by a committee representing Chrysler unsecured creditors was baseless.


“This is completely without merit and we intend to defend ourselves vigorously,” Daimler spokesman Han Tjan told the news agency.


The New York court filing said creditors wanted to recover over $3bn (more than the $2bn paid to Chrysler’s secured creditors).


The group said that was equivalent to the value of certain unidentified Chrysler assets transferred in 2007 in the deal between Daimler and Cerberus.


Gonzalez in June allowed Chrysler to emerge from bankruptcy in a deal that gave operational control to Fiat.


Daimler purchased Chrysler in 1998.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact