Chrysler
Chrysler, LLC
Type
Private
Founded
June 6, 1925
Founder(s)
Walter P. Chrysler
Headquarters Auburn Hills, Michigan, USA
Number of
locations
List of Chrysler factories
Area served
International
Key people
Robert Nardelli,
Chairman & CEO
Thomas W. LaSorda,
Vice Chairman & President
Jim Press,
Vice-Chairman & President
Industry
Automotive
Products
automobiles, light trucks and
vans
Owner(s)
Cerberus Capital Management
Employees
58,000 (2008)
Divisions
Chrysler, Dodge, ENVI, Jeep,
Mopar, Chrysler Financial
Subsidiaries
Chrysler Canada, Chrysler
Australia, GEM
Website
chryslerllc.com
Chrysler was under Chapter 11 bankruptcy
protection as of April 2009.
Chrysler LLC
is an American automobile
manufacturer headquartered in the Detroit
suburb of Auburn Hills, Michigan, first organ-
ized as Chrysler Corporation in 1925.[1] From
1998 to 2007, Chrysler and its subsidiaries
were part of the German based Daimler-
Chrysler AG (now Daimler AG).[2] Prior to
1998, Chrysler Corporation traded under the
"C" symbol on the NYSE. Under Daimler-
Chrysler, the company was named "Daimler-
Chrysler Motors Company LLC", with its U.S.
operations generally referred to as the
"Chrysler Group". On May 14, 2007, Daimler-
Chrysler announced the sale of 80.1% of
Chrysler Group to American private equity
firm Cerberus Capital Management, L.P., al-
though Daimler continued to hold a 19.9%
stake. This was when the company took on its
current name.[3] The deal was finalized on
August 3, 2007.[4] On April 27, 2009, Daimler
AG signed a binding agreement to give up its
19.9% remaining stake in Chrysler LLC to
Cerberus Capital Management and pay as
much as $600 million into the automaker’s
pension fund.[5] On April 30, 2009, Chrysler
filed for Chapter 11 bankruptcy protection
and announced a partnership with Italian
automaker Fiat.[6]
History
1936 Chrysler Airflow Series C-9
Founding and early years
The company was founded by Walter P.
Chrysler on June 6, 1925,[1] when the Max-
well Motor Company (est. 1904) was re-or-
ganized into the Chrysler Co