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Chrysler LLC
(redirected from Chrysler)

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Chrysler LLC

U.S. automotive company first incorporated in 1925, as Chrysler Corp. It was founded by Walter P. Chrysler (1875–1940), who built it into the country's second largest automobile manufacturer, noted for its Plymouth, Dodge, Chrysler, and Jeep vehicles. In 1980 the corporation was rescued from the verge of bankruptcy by a government bailout organized by Lee Iacocca. Chrysler Corp. merged with the German automaker Daimler-Benz (see Daimler) in 1998 to become DaimlerChrysler AG, but the two companies separated in 2007, when Cerberus Capital Management, a private equity firm, acquired a controlling interest in Chrysler. The reorganized Chrysler LLC retained all its brands except Plymouth, which had been retired in 2001.
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Wearing his signature rumpled sweater, Sergio Marchionne led a team of executives through an eight-hour-long presentation of the automaker's five year plan, some five months after Chrysler emerged from bankruptcy protection.
Reborn Chrysler says it will be leaner and hipper by AFP / AFP Global Edition
Chrysler and Fiat announced Wednesday they have finalized a global strategic alliance, forming a new Chrysler Group that will begin operations immediately.
Chrysler, Fiat finalize global alliance by AFP / AFP American Edition
Chrysler LLC reported on Tuesday total unit sales of 79,010 for the month of May units, representing the best retail sales month of 2009 while the company also had an above average performance compared to industry.
Chrysler LLC says May was best retail month of the year by International Business Times - US ed.
 
 
 
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