In p>1925, Walter P. Chrysler [1] broke away from General Motors and founded Chrysler Automobile Company. In the same year, the company bought Maxwell Motor Company. In 1928, he bought Dodge Brothers Automobile Company. From 1936 to 1949, it once surpassed Ford Motor Company and became the second largest automobile company in the United States. However, in the early 195s and 196s, production was in a period of decline, and in the mid-196s, the company was reorganized and stabilized. After 1974, Chrysler's business went downhill again. In 1978, it suffered serious losses and was on the verge of bankruptcy in 198. Finally, Chrysler Automobile Company was saved from bankruptcy because of the federal loan guarantee of $1.5 billion from the government. In 1982, it began to turn losses into profits. In 1994, the company had 115,9 employees and a net profit of $3.7 billion, accounting for 14.7% of the American automobile market.
Chrysler is mainly engaged in automobile business, mainly producing dodge, shunfeng, Chrysler and other brands of cars. It has eight automobile assembly plants in the United States, and 36 automobile manufacturing plants and auto parts factories. In addition, we also operate yacht, steel
[ Chrysler Automobile Company ]
Chrysler Automobile Company
iron, outboard propeller and other businesses. Has 22 parts warehouses. In addition to civilian products, the company is also engaged in the production of military supplies, with 1 factories engaged in national defense and aerospace industries. The company has specialized companies in export, transportation, finance, credit, leasing and insurance, and has 132 retail outlets in the United States. The company still has many branches in Canada, Switzerland, Britain, Panama, South Africa, Australia and other countries. In the 198s, it co-produced Cherokee jeeps with China and Beijing.
Chrysler automobile company is the third largest automobile company in the United States. It was founded in 1925 with the name of walter chrysler. Its car sales rank ninth among car companies in the world. Its predecessor was Maxwell Motor Company. The company has subsidiaries in many countries all over the world and is a multinational automobile company. The company is headquartered in Detroit, USA.
Chrysler is mainly engaged in automobile business, and also involved in yacht, steel, outboard propeller and other businesses as well as military materials production, as well as export, transportation, finance, credit, leasing and insurance. The company has 36 automobile factories and auto parts factories, 22 parts warehouses and 1 national defense and aerospace factories in China. The company's products are divided into two categories: first, automobile products. Including finished cars and their parts, the company also imports and sells cars from other car companies, and the engineering technology, design and manufacturing equipment needed for production are provided by Chrysler Technical Center. The second is Chrysler's financial business. Chrysler financial institutions and their subsidiaries provide various financial services to Chrysler customers. It also provides wholesale and retail financial services, leasing services, inventory financial services and consumer credit. In addition, there are others, mainly referring to the car rental service provided by five-star transportation company and its affiliated institutions since the end of 198s.
In 1998, Chrysler was acquired by German Daimler Group for $33 billion to establish Daimler Chrysler Automobile Company. This combination, known as "elephant marriage", failed to create a successful global automobile group. On the contrary, the high cost of retirement and pension in the United States brought great trouble to Daimler.
In August p>27, Cerberus Capital Management Company, a private equity fund headed by former US Treasury Secretary Si Nuo, completed the acquisition of Chrysler Automobile Company and bought 8.1% equity of Chrysler from Daimler-Chrysler Group for $7.4 billion. After the acquisition, Chrysler will appear as "Chrysler LLC", while Daimler Chrysler Group will remove "Chrysler" from the company name.