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Chrysler

Ford F-150's lined up at a Ford dealership in Hudson, Wisconsin on May 27, 2009. US drivers who own a car made overseas are more likely to be satisfied with their purchase than domestic car owners, a poll showed May 26. The biggest of the US car makers, GM is widely expected to follow Chrysler's lead and file for bankruptcy protection. Only Ford has not sought a loan from the US government loans to help it weather the current economic downturn.

Newsday's coverage

  • Chrysler recalls almost 470,000 Jeep Grand Cherokees, Commanders

    is recalling 469,000 Jeep SUVs worldwide because they can shift into neutral without warning on startup.The recall affects 2005 to 2010 Grand Cherokees and 2006 to 2010 Commanders.U.S. safety regulators say cracks in a circuit board can cause a faulty signal   Read more »

  • Fiat reports Q1 loss as sales slip in Europe, US

    attributable to Fiat and 10.3 billion euros to Chrysler.Marchionne also hinted that the headquarters of a merged Fiat and Chrysler would be outside of Italy, saying the choice would be based on the strength of the capital markets."The only thing that does   Read more »

  • Ford, Chrysler report best sales month in 6 years

    brand sales, which have led the company for several years, fell 13 percent. Even the Grand Cherokee SUV, which has boosted Chrysler sales for months, fell 10 percent.Ford's sales were boosted by the newly redesigned Fusion sedan and Escape SUV, which both   Read more »

  • Chrysler's South Africa CEO shot during robbery

    had no comment.Violent crime remains a widespread worry in South Africa. A U.S. Embassy employee was stabbed to death in January.Chrysler, based in Auburn Hills, Michigan, is majority owned by Italy's Fiat SpA. It is the No. 3 car manufacturer in the U.S.   Read more »

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About Chrysler

Chrysler LLC is an American automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan, first organized as Chrysler Corporation in 1925. From 1998 to 2007, Chrysler and its subsidiaries were part of the German based DaimlerChrysler AG (now Daimler AG). Prior to 1998, Chrysler Corporation traded under the "C" symbol on the New York Stock Exchange. Under DaimlerChrysler, the company was named "DaimlerChrysler Motors Company LLC", with its U.S. operations generally referred to as the "Chrysler Group". On May 14, 2007, DaimlerChrysler announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continued to hold a 19.9% stake. This was when the company took on its current name. The deal was finalized on August 3, 2007. 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.

from Wikipedia

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