Chrysler
Automotive Company
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Judge Tackles Chrysler, Former Workers Unemployment Dispute...afraid he will have to drop out of the retraining program because he doesn't have enough money. A Chrysler spokesman previously told 6News that the company does not intend to pay unemployment to the affected workers. The judge is not... In this article: Chrysler, Unemployment, UAW, and Ivy Tech |
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AP Online | 21 hours ago
Senators seek more info on dealer closures
WASHINGTON (AP) - Senators are calling on General Motors and Chrysler to release more details on ongoing talks over the automakers' plans to close thousands of auto dealerships as part of their bankruptcies. In letters Friday to the two...
In this article: General Motors, Bankruptcy, Chris Van Hollen, and Washington
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Detroit News | 1 day ago
Ex-czar gives Chrysler take
...turned over 20 percent of Chrysler and control of the company to Italy's Fiat SpA. Fiat CEO Sergio Marchionne also holds the top job at Chrysler Group LLC. The "principal driver" behind supporting a Chrysler-Fiat alliance, Rattner said,...
In this article: GM, Steven Rattner, Carlos Ghosn, Fiat, Renault-Nissan, Balance sheet, and Robert Nardelli
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washingtonpost.com | 1 day ago
Chrysler could lose more than 100 U.S. dealerships
...vehicle inventories and other expenses by the end of November whether through GMAC or other lenders, Chrysler spokeswoman Kathy Graham said. Chrysler emerged from a U.S. government-funded bankruptcy in June with about 2,400 dealerships and...
In this article: GMAC, Bankruptcy, Chrysler Financial, U.S., Cerberus Capital Management LP, Fiat SpA, and General Motors Co
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Peters urges McCain to attend Detroit auto show; backs Chrysler survival
In this article: John McCain, Chrysler Group, Gary Peters, Detroit, Bankruptcy, Nascar, CNBC, and David Cole
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USATODAY.com | 2 days ago
Obama says government won't try to help run GM, Chrysler
...them to change it." GM has taken $50 billion in federal funding, and the government now holds a 60.8% stake in the company. The Fiat-led Chrysler Group received $8.5 billion, and the government holds about 8%. On other issues, Bloom...
In this article: General Motors, Fiat, Electric car, Chevrolet Volt, Bankruptcy, Opel, and Sberbank
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Michigan Live | 3 days ago
Rep. Gary Peters challenges John McCain to come to Michigan and meet Chrysler workers
...they take it'd be a good idea. When it gets right down to it, it matters not one whit what Gary Peters nor Chrysler workers think as to whether Chrysler will survive. The only people that matter in this regard are consumers who have...
In this article: John McCain, Gary Peters, General Motors, Michigan, Arizona, Progressives, Nascar, UAW, and Walmart
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Chicago Tribune | 6 days ago
Chrysler details new cars and a plan for revival
...Ford posted U.S. sales gains in October, Chrysler saw that number drop nearly a third from a year earlier. To stem that, Chrysler said it will roll out three new Dodges in 2012 and 2013, including a compact, a subcompact hatchback and a...
In this article: Fiat, Dodge, Sergio Marchionne, Jeep, U.S., Bankruptcy, and Ram
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Reuters | November 06, 2009
Chrysler dismantles electric car plans under Fiat
...will become the group line executive in charge of electric car development for both Fiat and Chrysler, Cappa said. As of Friday, the Chrysler Group website still featured pictures and advertisements for the now-scuttled electric vehicles...
In this article: Electric car, Fiat SpA, Sergio Marchionne, Envi, U.S., Venture capital, and Bankruptcy
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Description from Wikipedia:
Chrysler Group, LLC is an American automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan. Chrysler was first organized as the 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 the name, Chrysler LLC.. 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.
On April 30, 2009 Chrysler LLC filed for Chapter 11 bankruptcy protection and announced a plan for a partnership with Italian automaker Fiat.
On June 1, Chrysler LLC stated they were selling some assets and operations to the newly formed company Chrysler Group LLC. Fiat will hold a 20% stake in the new company, with an option to increase this to 35%, and eventually to 51%.
On June 10, 2009, the sale of most of Chrysler assets to "New Chrysler", formally known as Chrysler Group LLC was completed. The federal government financed the deal with US$6.6 billion in financing, paid to the "Old Chrysler", formally called Old Carco LLC. The transfer does not include eight manufacturing locations, nor many parcels of real estate, nor equipment leases. Contracts with 789 U.S. auto dealerships, who are being dropped, were not transferred.
- Name:
- Chrysler Group, LLC
- Type:
- Private, limited liability company
- Location City:
- Auburn Hills, Michigan
- Location Country:
- USA
- Region:
- International
- Founder:
- Walter Chrysler
- Founded:
- June 6, 1925
- Owned by:
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- Fiat S.p.A. (20%)
- UAW VEBA (67.69%)
- United States (9.85%)
- Canada (2.46%)
- Industry:
- Automotive
- Key People:
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- Sergio Marchionne
- C. Robert Kidder
- Jim Press,
- Products:
- automobiles, light trucks and vans
- No. of Employees:
- 58,000 (2008)
- Subsidiaries:
- Chrysler Canada, Chrysler Australia, GEM
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