On this day: May 7

POSTED: 12:54 PM PDT May 06, 2013    UPDATED: 11:00 PM PDT May 06, 2014 

Joan of Arc leads the French to victory, the Germans sink the Lusitania, the Nazis surrender, the 27th Amendment is ratified after two centuries, and Mercedes-Benz and Chrysler announce a $40 billion merger, all on this day.

OTD May 7 - DaimlerChrysler
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Jessica Rinaldi/Reuters

1998: Mercedes-Benz announces plans to buy Chrysler for $40 billion and form DaimlerChrysler in the largest industrial merger in history.

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