Chrysler LLC is an American automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan, first organized as 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.
Source: PR Newswire
NEW YORK, May 24, 2012 /PRNewswire/ -- The Chrysler brand was awarded last night with a "Grand Effie" award for its "Imported from Detroit" campaign. The award was presented to the Chrysler brand at "44th Annual Effie Awards" ...
Full article at: PR Newswire
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Source: Hillcrest Patch
The driver of a semi with a 48-foot trailer called police at 8:19 a.m. May 21 because a blue Honda was messing with him on Interstate 271. He said the Honda driver was coming up on him fast and cutting him o ...
Full article at: Hillcrest Patch
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Source: NJ.com
HACKETTSTOWN – The Rotary Club will host the 18th annual Memorial Motor Madness Car Show on the grounds of Mars Chocolate North America, 800 High Street this Sunday, May 27. The show features entries in 19 different classes, including: Musta ...
Full article at: NJ.com
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Source: Environmental Protection Agency
Release Date: 05/24/2012 Contact Information: Stacy Kika, Kika.stacy@epa.gov, 202-564-0906, 202-564-4355 WASHINGTON – Today the Environmental Protection Agency (EPA) announced $69.3 million in grants for new investments to provide communities with fundi ...
Full article at: Environmental Protection Agency
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Source: CNBC
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Source: The Reaction
Some plants are adding third work shifts. Others are piling on worker overtime and six-day weeks. Ford Motor and Chrysler Group are cutting out or reducing the annual two-week July shutdown at several plants this summer t ...
Full article at: The Reaction
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Source: Crain's Detroit Business
Detroit, whose 139 square miles contain 60 percent fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating nearly half its streetlights. As it is, 40 percent of the 88,000 streetlights are bro ...
Full article at: Crain's Detroit Business
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Source: Chicago Tribune
On my last trip to the grocery store, I squeezed the large Chrysler 300 sedan into a less-than-large parking spot and ran in for some supplies, not giving the car or the spot a second thought. When I returned, it was flanked by an SUV and a picku ...
Full article at: Chicago Tribune
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Source: Quad-Cities Online
"Men in Black 3" comes 15 years after the entertaining original and 10 years after the sequel laid an egg, and the surprise is it's better than the first one. Given the passage of time, the entire concept may be new to some audie ...
Full article at: Quad-Cities Online
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