Saturday, November 29, 2014 8:40 PM EST

Chrysler

Chrysler Group LLC is a U.S. 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.

Articles About Chrysler

German car maker Daimler's new Smart ForTwo car is on display during its world premier in Berlin
Canada's Auto Sector Bailout Lacked Proper Oversight: Accountant General's Report Slams Federal Gov't

By IBTimes AU

The reports of watchdogs like AG need to be taken seriously. (Nov 27)

MORE TOPICS: GENERAL MOTORS

Menzel During The 68th Tony Awards
'Frozen' Singer Idina Menzel Announces World Tour, Excited Fans Crash Her Website [See Tour Dates]

By IBTimes AU

"Frozen" singer Idina Menzel has announced her first ever world tour for 2015. Her website crashed after the announcement due to high traffic. (Nov 26)

MORE TOPICS: NEW YORK, HOLLYWOOD, SONY, LOS ANGELES, TWITTER

Apple CarPlay Wows Another Carmaker

By IBTimes AU

The adoption of Apple's CarPlay for dashboard support is gaining traction. German carmaker Audi is the latest to announce the roll out of CarPlay enabled vehicles next year. According to the report by Liam Tung in Zdnet, Audi will be offering CarPlay in its new models from next year onwards. (Jul 09)

MORE TOPICS: MICROSOFT

The logo of Hyundai Motor is seen on a car displayed at a Hyundai dealership in Seoul July 26, 2012. REUTERS/Kim Hong-Ji
Greenest Auto Manufacturer in U.S. Now Hyundai, Honda Set Off Track

By IBTimes AU

South Korean automaker Hyundai Motor Co is now the greenest automaker in the United States, unseating Honda Motor Co of Japan, based on the latest Automaker Rankings report released by the Union of Concerned Scientists' (UCS). (May 28)

MORE TOPICS: GLOBAL WARMING, GENERAL MOTORS, TOYOTA, VOLKSWAGEN, JAPAN, FUEL EFFICIENCY

Australian Stock Market Report – Morning 5/8/14

By Comsec

In US economic data, consumer credit rose by $17.5 billion in March to $3.14 trillion - this was the largest increase since February 2013. Revolving credit -which measures credit card usage - rebounded by $1.1 billion in March. (May 08)

MORE TOPICS: CHINA, GOLD, FEDERAL RESERVE, DOW JONES, FTSE, TWITTER

The GM headquarters is seen in downtown Detroit, Michigan, December 9, 2008.
U.S. Government Says it Lost $11.2 Billion on General Motors Bailout

By Reuters

The US govt lost $11.2 billion on its bailout of GM Co, more than $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December. (May 01)

MORE TOPICS: GENERAL MOTORS, INVESTMENT, CONGRESS

Buddy Franklin Sorry After Rose Day Car Crash

By IBTimes AU

AFL star Buddy Franklin crashed his girlfriend's car 4WD on Wednesday night after he lost control of the vehicle and crashed on a parking lot, damaging five other parked cars (Apr 24)

MORE TOPICS: TWITTER, AUSTRALIA

Ford to Name Fields as CEO Soon, Replacing Mulally
Ford to Name Fields as CEO Soon, Replacing Mulally - Source

By Reuters

Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. (Apr 22)

MORE TOPICS: CHINA, MICROSOFT, GENERAL MOTORS

US Airways Tweets Pornographic Photo in Response to A Customer Complaint: Twitter Erupts With Funny Puns

By IBTimes AU

US Airways recently tweeted a lewd and extremely graphic photo on its official Twitter account. The image was in response to complain of the customer named, Charlotte Douglas in regards to delay of flight from International Airport in North Carolina to Portland International Airport in Oregon. (Apr 16)

MORE TOPICS: TWITTER

A worker adjusts the logo on a new Fiat Punto at a Fiat factory assembly line in the central Serbian town of Kragujevac
Fiat India Opens Fourth Showroom in Mumbai; Aims 42 Dealerships by 2014 End

By IBTimes IN

Fiat India on Friday opened its first dealership in South Mumbai, taking the total number of their dealerships in Mumbai to four. (Mar 22)

MORE TOPICS: INDIA