The company has also gone through several ownership changes over time with its most recent owner being Fiat-Chrysler Automobiles (FCA) which was formed in 2014 when Fiat S.p.A acquired a majority stake in Chrysler Group LLC from a private equity firm called Cerberus Capital Management LP that had owned it since 2007. This article will provide an overview of Chrysler’s history along with some interesting facts about this iconic car brand throughout its 94 years of existence!
What is the History of the Chrysler Company?
The Chrysler Corporation, now known as FCA US LLC, was founded in 1925 by Walter P. Chrysler and became a leader in the automotive industry. Initially producing cars under the Maxwell brand name before launching its own namesake brand in 1928, Chrysler quickly gained traction with consumers thanks to its innovative approach to design and engineering. During the 1930s and 1940s, it established itself as one of America’s Big Three automakers alongside Ford Motor Company and General Motors (GM).
Over the years, Chrysler has continued to innovate through acquisitions such as American Motors Corporation in 1987 or Daimler-Benz AG in 1998. In 2009 during The Great Recession, they partnered up with Fiat S.p.A., which eventually became FCA US LLC after merging with Fiat Group Automobiles S.p.A.. Today FCA is still at work making ground breaking vehicles that continue their legacy for quality and innovation for another generation of drivers to enjoy!
What is Chrysler History of Ownership?
Chrysler’s history of ownership has been quite varied and complex. The company was founded in 1925 by Walter Chrysler, a former General Motors executive, and first began producing cars for the public in 1928. Although Chrysler was initially owned solely by Walter, it eventually became part of the Maxwell Motor Company in 1921 before being sold to Daimler-Benz AG in 1998.
In 2007, Cerberus Capital Management acquired an 80% stake in the company from Daimler-Benz AG which lasted until 2009 when Fiat S.p.A bought 20% of the company from Cerberus; this increased to 30% with options for majority ownership later on as part of their strategic alliance which gave birth to Fiat Chrysler Automobiles (FCA).