Chrysler

Chrysler

Chrysler Group LLC ( /ˈkraɪslər/) is an America-based, multinational automaker, in global strategic alliance with its majority owner, Italian manufacturer Fiat, since 2009.

Chrysler was first organized as the Chrysler Corporation in 1925. Its core brands are: Chrysler, Jeep, Dodge, Ram, SRT, Fiat, and Mopar vehicles and products. The Company is headquartered in Auburn Hills, Michigan, United States.

On June 10, 2009, Chrysler LLC emerged from a government backed Chapter 11 reorganization as Chrysler Group LLC, in alliance with the Italian automaker Fiat. Initially holding a 20% interest in Chrysler Group, Fiat's stake was increased to 58.5% (fully diluted) following acquisition of the equity interests held by the U.S. Treasury (6% on June 3, 2011) and Canada (1.5% on July 21, 2011) The stake was further increased to 61.8% in July 2012.