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Chrysler LLC

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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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Local union leaders voted overwhelmingly Monday to recommend approval of a tentative four-year agreement between the United Auto Workers and Chrysler LLC, paving the way for a vote by members, UAW President Ron Gettelfinger said.
At a briefing for journalists at the National Press Club sponsored by the Automotive Trade Policy Council (ATPC), whose members include Chrysler LLC, Ford Motor Company and General Motors Corporation, the Chief Economists detailed how the Japanese government has kept the yen undervalued by as much as 30%, the impact that this policy has had on the global economy and on U.
CHICAGO -- Fitch has initiated rating coverage on Chrysler LLC (Chrysler) by assigning the following ratings:
 
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