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Chrysler

Chrysler

A Logo of a Chrysler is seen during a vintage car parade in New Delhi on February 13, 2012. More than sixty vintage automobiles were on display and flagged off during the 46th car rally, organised by a local newspaper.

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Newsday's coverage

  • Obama plays up auto industry success story

    in total -- was necessary because capital markets were essentially frozen at the time, meaning there was no way for GM and Chrysler to fund their bankruptcies privately.Without any private financing or government support, they argued, the companies would have   Read more »

  • Safety probe of Jeep SUV air bags upgraded

    before the air bags were inflated. But others reported that they didn't see a warning light. NHTSA said in the documents that Chrysler inspected the air bag control computer chip and found it fails due to a possible electrical voltage spike. The company says   Read more »

  • Chrysler to call Fiat-based compact the Dodge Dart

    The Dodge Dart, a 1960s compact car that gearheads turned into street racers, is making a comeback.Chrysler said Tuesday that it will use the Dart name for a new compact car based on Italian technology that it will introduce in the U.S. next year.The Dar   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