DaimlerChrysler AG, DYM luhr KRYS luhr,is one of the largest manufacturers of automobiles in the world. The company was created in 1998 when the German automaker Daimler-Benz AG merged with the Chrysler Corporation, a United States company. AG is the abbreviation for a German word meaning corporation. DaimlerChrysler manufactures Chrysler, Dodge, Jeep, Mercedes-Benz, and Smart vehicles. It also produces aerospace equipment, buses, helicopters, industrial and marine engines, railroad equipment, and trucks. In addition, the company operates a division that offers financial and information technology services. In May 2007, DaimlerChrysler announced it would sell a controlling interest in the Chrysler division of the corporation to Cerebus Capital Management. The sale, which would end the merger of Daimler and Chrysler, was expected to be finalized in late 2007.