Chrysler
Automotive Company
|
Ex-czar gives Chrysler take...Washington Bureau New York -- Steven Rattner, the Obama administration's former top auto adviser, disclosed for the first time Thursday that a key aim of restructuring Chrysler was installing a new management team. Rattner said the... In this article: GM, Steven Rattner, Chrysler, Carlos Ghosn, Fiat, Renault-Nissan, Balance sheet, and Robert Nardelli |
-
New York Post | November 18, 2009
Pals hail Koch on his 85th
...centennial in 2024. Koch, recovering from quadruple bypass surgery, regaled guests with stories -- including how he loved to open the New York Marathon and visit the volunteers along the route in a 1952 Chrysler. The former mayor joked...
In this article: Ed Koch, New York, Ice cream, Mario Cuomo, Roman Polanski, Mayor Bloomberg, Henry Kissinger, and Bill Clinton
-
The News Tribune | November 04, 2009
Business Highlights
...Services 3Q loss narrows NEW YORK (AP) - GMAC, the main lender for GM and Chrysler customers and dealers, reported another quarterly loss Wednesday as bad loans continued to haunt its mortgage lending unit. Although its third-quarter...
In this article: NEW YORK, Intel Corp., Cisco Systems Inc., GM, Opel, Magna International Inc., and The Fed
-
Delaware News-Journal | November 12, 2009
Chrysler site's sale to UD approved
...The News Journal November 13, 2009 A federal bankruptcy judge formally approved the sale of Chrysler's shuttered Newark assembly plant to the University of Delaware for $24.2 million Thursday. New York Bankruptcy Judge Arthur J....
In this article: University of Delaware, Revenue, Bankruptcy, Amtrak, and Aberdeen Proving Ground
-
Business news and Fortune 500 - FORTUNE Magazine | November 04, 2009
The coming explosion at Chrysler
...years ago. Oh how the mighty have fallen. NEW YORK (Fortune) -- On Wednesday, Fiat-Chrysler CEO Sergio Marchionne will go before the media to reveal his plans for America's number-three automaker. Detroit has been buzzing about the event...
In this article: Sergio Marchionne, Fiat, Bankruptcy, Dodge Avenger, Jeep Patriot, Alfa Romeos, Nasdaq, GM, and NEW YORK
-
MarketWatch.com - MarketPulse | November 04, 2009
Chrysler to announce major revamp: reports
Chrysler to announce major revamp: reports NEW YORK (MarketWatch) -- Auto maker Chrysler Group LLC is expected to introduce a five-year turnaround plan Wednesday, according to media reports. The Wall Street Journal said that the Jeep brand...
In this article: Jeep, Sergio Marchionne, MarketWatch, Fiat, NEW YORK, and The Wall Street Journal
-
Chrysler offers buyout to 23,000 workers
...1, 2009: 12:02 PM ET NEW YORK (CNNMoney.com) -- Days before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce. In a statement, Chrysler...
In this article: Chrysler Group, Fiat, Bankruptcy, Cnnmoney.com, United Auto Workers, Nasdaq, U.S., and Ontario
-
Miami Herald - Breaking News | November 11, 2009
2010 Chevrolet Equinox SUV refined, stylish
...about their futures. Chrysler president Jim Press spoke in New York of a the new Chrysler,a but amid the politicized tangle of shotgun mergers and bankruptcy speculation, both Chrysler and GM chose to unveil more SUVs. Both companies have...
In this article: Chevrolet Equinox, Honda CR-V, Toyota RAV4, GM, GMC Terrain, Chevy Malibu, and EPA
-
UAW members reject labor deal with Ford
...agreement with Ford Motor that would have granted the auto company concessions similar to those ratified earlier this year for rivals Chrysler and General Motors. A Ford (F, Fortune 500) representative said the contract would have given...
In this article: United Auto Workers, General Motors, Chrysler Group, Cnnmoney.com, Nasdaq, and Ford Motor
Trends
Loading...
Collections
More on Chrysler
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:
-
- Fiat S.p.A. (20%)
- UAW VEBA (67.69%)
- United States (9.85%)
- Canada (2.46%)
- Industry:
- Automotive
- Key People:
-
- 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
Explore everything named Chrysler...
