Saturday, May 25, 2013 5:50 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

Who repaid U.S. loan first? Chrysler, Tesla don't see eye to eye

By Reuters

Chrysler Group LLC and Tesla Motors Inc <TSLA.O>, both led by media-savvy executives, are trading public jabs over the definition of payback. (May 24)

MORE TOPICS: TWITTER

New car sales seen up about 8 percent in May: research firms

By Reuters

Auto sales in May are expected to rise about 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. (May 24)

MORE TOPICS: GENERAL MOTORS, TOYOTA, RETAIL SALES, RETAIL

Mitsubishi Motors weighs capital shift, dividends: sources

By Reuters

Mitsubishi Motors Corp <7211.T> is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the plans. (May 23)

MORE TOPICS: DAIMLER AG, THAILAND

Eminem
Facebook Ad Backlash: Eminem's Publisher Sues Facebook For Unauthorized Use Of Rapper's Song

By IBTimes AU

Eminem's song publisher Eight Mile Style LLC is suing Facebook and ad agency Wieden + Kennedy for the unauthorized use of the rapper's Under The Influence song in a Facebook ad released in April. (May 22)

MORE TOPICS: APPLE INC., MARK ZUCKERBERG, FACEBOOK, COURT, IPOD, MICHIGAN

Fiat Industrial seeks UK residence to cut tax bill

By Reuters UK

Truck and tractor maker Fiat Industrial <FI.MI> intends to move its tax residence to the UK from Italy after its planned merger with unit CNH <CNH.N>, according to a filing with U.S. regulators, a move that would lower its tax bill. (May 21)

MORE TOPICS: UNITED KINGDOM, MANUFACTURING, NEW YORK, LONDON

As Detroit emergency manager readies fix-it plan, hard work ahead

By Reuters

Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2 billion worse than figures disclosed before he took the job. (May 13)

MORE TOPICS: COURT, MICHIGAN, LAWYER, LAW FIRM

Chrysler recalls 469,000 SUVs worldwide over gearshift issue

By Reuters

Chrysler Group LLC is recalling about 469,000 SUVs worldwide to update software after some vehicles' circuit boards were found to be transmitting signals that trigger inadvertent gearshifts to neutral, the No. 3 U.S. automaker said Saturday. (May 12)

MORE TOPICS: FIAT SPA, MEXICO

U.S. regulators close inquiries into Ford, Chrysler vehicles

By Reuters

U.S. auto safety regulators closed two separate probes into vehicles made by Ford Motor Co <F.N> and Chrysler Group LLC after the two U.S. automakers conducted safety recalls this year to fix glitches in some models. (May 09)

Best-selling F-150 pickup truck
Ford Creates Jobs at Claycomo Plant as Demand for Trucks Rises

By Industry Leaders Magazine

As demand for pickups is rising, Ford Motor Co. is to announce that it will create 2000 new positions at its Claycomo car plant located in Kansas City. (May 06)

MORE TOPICS: GENERAL MOTORS

Chrysler outlook raised to positive from stable by S&P

By Reuters

Chrysler Group LLC may get an upgrade in its credit rating in the next 12 months, said Standard and Poor's on Tuesday, which raised Chrysler's outlook to "positive" from "stable. (May 01)

MORE TOPICS: S&P, FIAT SPA, MANAGEMENT, INVESTMENT