Chrysler
Automotive Company
|
The inside story of the GM, Chrysler bailouts...in February, but two months later he raised with the task force the possibility of acquiring parts of Chrysler, if a deal with Fiat faltered. "If the Chrysler deal doesn't go through, we're interested in some pieces of Chrysler," Henderson... In this article: GM, Chrysler, Bankruptcy, Fiat, United Auto Workers, Henry Paulson, and Robert Nardelli |
-
Detroit News | 4 days ago
Chrysler appoints new treasurer, chief information officer
Chrysler Group LLC today announced the appointments of a new treasurer and chief information officer. Joining the automaker's management team is Scott Sandschafer, who becomes vice president and chief information officer on Dec. 1,...
In this article: Fiat SpA, Bankruptcy, Sergio Marchionne, and Barack Obama
-
Michigan Live | 5 days ago
Report: Obama auto task force considered plan for GM to acquire Chrysler assets if Fiat deal fell through
The Bush administration initially planned to announce a package of roughly $25 billion in aid to four companies on Dec. 19: GM, Chrysler, Chrysler Financial and GMAC. But talks broke down with the two finance companies in the middle of the...
In this article: GM, Fiat SpA, Bankruptcy, GMAC, United Auto Workers, Carl Icahn, and Detroit
-
Forecast: Slow recovery could delay GM, Chrysler plans to go public
Auto sales will continue to recover but slowly in 2010, which could hamper cash flow and efforts by General Motors Co. and Chrysler Group LLC to rebound to the point that the companies can go public, according to a forecast released Monday...
In this article: General Motors, Fitch, Bankruptcy, Cash flow, Balance sheet, Toyota, and Unemployment
-
The Register | 6 days ago
Chrysler dumps e-car plans
...Chrysler" - has been retained as head of electric projects at Chrysler and Fiat - which owns roughly 20 per cent of the Chrysler. Chrysler may still make battery-powered cars like Fiat's Doblo van-cum-mini-MPV Fiat's CEO and...
In this article: Fiat, Envi, Lotus Europa, GM, Electric car, Tax, Jeep, and Sergio Marchionne
-
AP Online | November 20, 2009
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
-
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
-
Reuters | November 19, 2009
Chrysler could lose more than 100 U.S. dealerships
* GMAC has rejected 83 Chrysler dealers seeking lending * Chrysler expects dealers in peril to stay open * Chrysler says its 2,366 dealers right for sales volume By Bernie Woodall More than 100 Chrysler Group LLC U.S. dealerships...
In this article: GMAC, Bankruptcy, Chrysler Financial, U.S., Cerberus Capital Management LP, Fiat SpA, and General Motors Co
-
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
-
USATODAY.com | November 18, 2009
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
-
Chicago Tribune | November 14, 2009
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
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...
