Chrysler
Automotive Company
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Chrysler dumps e-car plans...Connect. Ron Bloom, who heads up the US government taskforce that oversaw the restructuring of GM and Chrysler, even told Reuters: "We obviously would be very happy if Chrysler and GM were making lots and lots of high mileage cars. It's not a... In this article: Chrysler, Fiat, Envi, Lotus Europa, GM, Electric car, Tax, Jeep, and Sergio Marchionne |
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Yahoo! News | November 12, 2009
Pay czar open to lateral pay offers (Reuters)
WASHINGTON (Reuters) - The Obama administration's pay czar said on Thursday his compensation rulings will allow General Motors Co and Chrysler Group to retain talent but is willing to consider "lateral" offers to hire new executives.
In this article: General Motors Co, Chrysler Group, Reuters, Troubled Asset Relief Program, Bank of America, American International Group, Citigroup, and U.S. Treasury
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Reuters | November 13, 2009
Ford Missouri plant holds strike authorization vote
...raised by the workers. UAW President Ron Gettelfinger told Reuters last week that Ford's relative health compared to GM and Chrysler was a factor in the recent rejection of the additional concessions. Ford posted a nearly $1 billion...
In this article: United Auto Workers, Thomson Reuters, General Motors Co, Cash flow, Small business, Ford Escape, and Mercury Mariner
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Autoblog | November 09, 2009
REPORT: Chrysler disbands ENVI group, EV development will continue
...- Click above for high-res image gallery According to a report from Reuters, Chrysler has disbanded its ENVI program and integrated the group back into its normal product development organization. Former ENVI head Lou Rhodes will now take...
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GM sees October sales bounce, Chrysler plunges (Reuters)
GM sees October sales bounce, Chrysler plunges (Reuters) GM sees October sales bounce, Chrysler plunges Reuters - A line of Ford autos wait for delivery at the Sill-TerHar Motors Ford dealer in Broomfield, Colorado … By Soyoung Kim and...
In this article: GM, United States, Edmunds.com, Unemployment, Broomfield, Colorado, Korea, Taurus, and Pickup Truck
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Battle over Chrysler plays out in Wisconsin town
Battle over Chrysler plays out in Wisconsin town Reuters top ten news stories delivered to your inbox each day. Battle over Chrysler plays out in Wisconsin town KENOSHA, Wisconsin (Reuters) - The auto boom came fast to this harbor town on...
In this article: Fiat SpA, United Auto Workers, Wisconsin, Thomson Reuters, Small business, and Bankruptcy
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Indiana Times - The Economic Times | November 06, 2009
Chrysler dismantles electric car plans
...told Reuters. Under mounting pressure to improve the fuel-efficiency of its line-up, Chrysler announced in September last year that it was developing three electric vehicles and would sell the first of the models by 2010. In January at the...
In this article: Electric car, Fiat SpA, Sergio Marchionne, Envi, U.S., Venture capital, Bankruptcy, and Pickup Truck
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Miami Herald | November 10, 2009
Truck rolls while eluding Border Patrol, 2 dead
...agencies are already speculating about its plans. Today, Reuters reported that Fiat will spin off Ram into its own brand and new, jointly designed Chrysler models wona t arrive until late 2011. Publications such as Car & Driver magazine have...
In this article: Ram, Fiat, Dodge, Arizona, Milwaukee, Detroit, and Car & Driver
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'GM not required to make electric cars'
...cars: Bloom WASHINGTON: The Obama administration's preference for robust electric car production will not influence its oversight of taxpayer equity in General Motors and Chrysler, an administration official said. Ron Bloom, the head...
In this article: General Motors, Electric car, DOE, Barack Obama, Bankruptcy, and Economic Times
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Ford rises, Chrysler falters in quality survey
Ford rises, Chrysler falters in quality survey Reuters top ten news stories delivered to your inbox each day. Ford rises, Chrysler falters in quality survey DETROIT (Reuters) - Ford Motor Co has made the most progress in improving vehicle...
In this article: Consumer Reports, Toyota, Fiat SpA, U.S., Bankruptcy, Dodge Ram 1500, Mercury, and Scion
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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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