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On 10 June 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the US and Canadian governments as principal owners. Fiat's initial purchase was a 20% stake; by January 2012, it grew to 58.5%.
Following this goal, in 2020, Stellantis (then PSA Group) expanded its circular economy initiatives with the acquisition of B-Parts, a leading platform specializing in the sale of used auto parts. By integrating platforms like B-Parts into its aftermarket services, Stellantis aims to enhance resource efficiency and provide cost-effective and ...
The term originated in the United States, where General Motors was the first to form a large, multi-brand, motor-vehicle corporation (in the 1910s), followed by the Ford Motor Company, and the Chrysler Corporation, all before World War II. The term Big Three has since been sometimes used to refer to the following automakers:
The Chrysler company was founded by Walter Chrysler on June 6, 1925, [12] [13] when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. [14] [15] The company was headquartered in the Detroit enclave of Highland Park, [16] [17] [18] where it remained until completing the move to its present Auburn Hills location in 1996.
On March 17, 2009, Nardelli said that Chrysler Financial would require a second round of loans. [16] On April 21, 2009, it was alleged by an unnamed "federal watchdog agency" that a $750 million loan from the government was turned down, on the grounds that it would have required that executive compensation be capped.
Since 2019, Smart left Daimler AG and became a 50/50 joint venture with Geely. By unit sales, the Mercedes-Benz Group is the tenth-largest car manufacturer in the world; shipping two million passenger vehicles in 2021 [ 5 ] and by revenue the seventh-largest car manufacturer worldwide in 2023. [ 6 ]
Chrysler hasn’t had an SUV of its own since the Aspen, which it stopped building with its bankruptcy in 2009. Ostermann didn’t say anything about the future of Chrysler specifically.
In 2008, Mr. Manley became Executive Vice-President of planning and sales for Chrysler followed by COO for the Asia region and then in 2009, he became the CEO of the Jeep division, a position which he held with FCA since the merger with Fiat, with the addition of becoming responsible for RAM. [4]