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Chrysler recalling 840,000 vehicles

WASHINGTON, July 3 (UPI) -- Chrysler Group LLC said Wednesday it is recalling about 840,000 vehicles to deal with five safety issues.
Corollas, Jeeps, buttons, knobs and backup cameras

Corollas, Jeeps, buttons, knobs and backup cameras

I had a girlfriend in college who had a 1970 Toyota Corolla. Back in the day the boxy Japanese compact was a novelty, sort of like what early buyers of Hyundai and Kia vehicles experienced when they drove South Korean cars in the early 1990s.
AL SWANSON, UPI Auto Writer

Chrysler issues four recalls

WASHINGTON, June 17 (UPI) -- U.S. automaker Chrysler Group is recalling about 50,000 vehicles for four separate problems, regulators in Washington said Monday.

Chrysler issues recalls on 630,000 Jeep SUVs

AUBURN HILLS, Mich., June 6 (UPI) -- U.S. automaker Chrysler Group LLC said it would recall 630,000 Jeep SUVs due to airbag deployment and transmission problems.
214,000 Chrysler vehicles under recalls

214,000 Chrysler vehicles under recalls

WASHINGTON, April 16 (UPI) -- U.S. automaker Chrysler Group LLC is recalling more than 214,000 vehicles for a variety of problems, the largest affecting 119,497 vehicles.
Recalls, electric cars and sales, oh my

Recalls, electric cars and sales, oh my

Hyundai and Kia, which admitted inflating gas mileage claims, now have a huge recall on their hands.
AL SWANSON, UPI Auto Writer

U.S. auto execs reap rewards from recovery

DETROIT, March 9 (UPI) -- Alan Mulally has acquired holdings worth $317 million in six years as Ford Motor Co. chief executive officer, U.S. analysts said.
Toyota to regain global sales crown from General Motors

Toyota to regain global sales crown from General Motors

When Toyota Chief Executive Officer Akio Toyoda predicted a comeback for the Japanese automaker last spring no one really doubted him.
AL SWANSON, UPI Auto Writer
GM, feds reach deal to wrapup U.S. auto bailout

GM, feds reach deal to wrapup U.S. auto bailout

General Motors is bailing out of its federal bailout. "Government Motors" was the derisive moniker critics gave GM in when it accepted $49.5 billion in taxpayer dollars to stay alive.
Vintage Model A back in Bill Ford's garage

Vintage Model A back in Bill Ford's garage

A rare 1903 Ford Model A that's one of the oldest surviving cars made by the company was purchased at auction by Bill Ford Jr.
House panel to probe auto dealer closings

House panel to probe auto dealer closings

WASHINGTON, July 20 (UPI) -- U.S. lawmakers say they are at odds with the Obama administration over the General Motors Co. and Chrysler Group LLC dealership closings.

White House opposes new dealer benefits

WASHINGTON, July 15 (UPI) -- The White House said Wednesday it "strongly opposes" efforts to force General Motors Co. and Chrysler Group LLC to offer cast-off dealers more compensation.
Fiat's challenges become Chrysler's

Fiat's challenges become Chrysler's

AUBURN HILLS, Mich., June 24 (UPI) -- The challenge for the new Chrysler Group LLC may be to build a profitable mid-size vehicle for U.S. consumers, an auto industry analyst said.
New Chrysler Group takes first steps

New Chrysler Group takes first steps

DETROIT, June 11 (UPI) -- Chief Executive Officer of Chrysler Group LLC Sergio Marchionne told 4,000 employees in Detroit Thursday the new company would see quick changes.

Chrysler chief expects sale to go through

DETROIT, July 25 (UPI) -- Chrysler's chief executive said he expects the $7.4 billion Chrysler Group sale to be completed by the third quarter despite financing problems.
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Photos
Chrysler Group
Chrysler Group Executive President- Manufacturing Frank Ewasyshyn speaks at a press conference announcing that Chrysler will spend up to $1 billion in its St. Louis North and South assembly plants in Fenton, Mo on December 12, 2005. The automaker will modernize and re-tool the plants which now make the Dodge Ram 1500 and 2500 Standard and Quad cab pickups and the Town and Country, Dodge Caravan and Grand Caravan minivans. (UPI Photo/Bill Greenblatt)
Wiki

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 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.

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.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Chrysler Group."
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