Chrysler
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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.
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Poll: Overwhelming Majority Opposed To State House Involvement In Manufacturer/Retailer Contracts
Source: PR Newswire
WASHINGTON, May 20, 2013 /PRNewswire-USNewswire/ -- Independent poll results released today by automakers show the overwhelming majority of New Hampshire residents are opposed to state legislature involvement in the ...
Full article at: PR Newswire
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Chrysler developing new supercharged Hemi V8: Next-gen Dodge Challenger expected to see new 'Hellcat' engine
Source: Auto Week
The 6.2-liter supercharged Hemi V8 engine is expected to debut on the next-generation Dodge Challenger. Chrysler Group is developing a supercharged Hemi V8 with power approaching the 640 hp of the SRT Viper's V10. The 6.2-liter engine, ...
Full article at: Auto Week
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Detroit roars back after years of quality issues
Source: MSNBC
Autos Paul A. Eisenstein The Detroit Bureau 27 minutes ago Getty Images file Detroit automakers such as Chrysler are enjoying improved reviews and ratings -- a sign that Motor City may be catching up with imports. Isaac Davis, a sal ...
Full article at: MSNBC
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An Update On The U.S. Auto Market
Source: Motley Fool
Callum is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited. Will the U.S. auto market rebound? Most likely, according to data from Edmunds.com. Edmunds reported tha ...
Full article at: Motley Fool
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Road-trip friendly cars that can go the distance
Source: Consumer Reports
Memorial Day is fast approaching and that means millions of Americans will be hitting the road for a family trip. The roads will be crowded and you should expect lines at gas stations. A car bred for long-haul driving, with bladder-bursting range ...
Full article at: Consumer Reports
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'Hellcat' Supercharged Hemi V-8 Confirmed: Report
Source: Jaguar Reports
A couple of years ago, we brought you news that Chrysler was planning a supercharged Hemi V-8 engine to lift the performance of its SRT models closer in line with rivals from Chevrolet and Ford. Vik is an Editor at High Gear Media an ...
Full article at: Jaguar Reports
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May Institute CEO lived in Ga., billed state for $140K in personal expenses (audit)
Source: Boston Business Journal
Walter Christian, CEO of the autism-focused May Institute, allegedly ran up inappropriate personal expenses, in addition to his six-figure compensation. In addition to six-figure pay, May Institute chief executive Walter Christian billed the state for pe ...
Full article at: Boston Business Journal
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