50 Cent hot for 2006 Dodge Charger

DETROIT, Jan. 18 (UPI) -- Chrysler is getting its money's worth from rapper 50 Cent, who wants a Dodge Charger to go with the Chrysler 300 he bought last year.

Chrysler cutting some skilled-trades jobs

DETROIT, Jan. 12 (UPI) -- While Chrysler officials said they expect overall employment to remain stable in 2005, the automaker is eliminating hourly jobs at three U.S. stamping plants.

Chrysler head sees stable workforce

DETROIT, Jan. 11 (UPI) -- For the first time in five years, Auburn Hills, Mich.-based Chrysler is not projecting job cuts in its U.S. workforce, the Detroit Free Press said.

240,000 Chrysler minivans recalled

AUBURN HILLS, Mich., Nov. 2 (UPI) -- Chrysler Group is voluntarily recalling 240,000 2001-2002 model year minivans to fix a problem that could short-circuit the radio possibly causing a fire.

Chrysler recalls 1.2 million minivans

AUBURN HILLS, Mich., Oct. 12 (UPI) -- Chrysler Group is recalling 2.1 million 1998-2000 model year minivans, 995,000 in the United States, because of an electrical glitch in the driver's airbag.

Chrysler banks again on the minivan

DETROIT, March 11 (UPI) -- The new chief operating officer for Chrysler Group says the bulk of the company's massive restructuring plan rests on an old savior: the minivan.

Chrysler may drop Celine Dion ads

DETROIT, July 16 (UPI) -- Celine Dion may not be the right face for a would-be upscale carmaker, the Detroit News reported Wednesday.

Chrysler turnaround produces profit

AUBURN HILLS, Mich., July 18 (UPI) --

Chrysler turnaround shows profit

DETROIT, April 25 (UPI) --

Report: Chrysler may lose $1.2B next year

DETROIT, Oct. 9 (UPI) -- An auto analyst projects DaimlerChrysler AG's Chrysler Group could post losses of $1.2 billion in 2002 because of slow sales after the terror attacks on the Uni
Page 5 of 5
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)

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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