Chrysler, officially FCA US LLC, is an American automobile manufacturer headquartered in Auburn Hills, Michigan and owned by Italian automaker Fiat. Chrysler is one of the “Big Three” American automobile manufacturers. It sells vehicles worldwide under its flagship brand, as well as the Dodge, Jeep and Ram. Other major divisions include Mopar, its automotive parts and accessories division, and SRT, its performance automobile division. In 2014, FCA US LLC is the seventh biggest automaker in the world by production.
History of Chrysler
The company was founded by Walter Chrysler (1875–1940) on June 6, 1925, when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. On April 28, 1955, Chrysler and Philco had announced the development and production of the World’s First All-Transistor car radio. On September 28, 1957, Chrysler had announced the first production electronic fuel injection (EFI), as an option on some of its new 1958 car models (300D, Dodge D500, DeSoto Adventurer, Plymouth Fury).
On January 1, 2014, Fiat announced it would be acquiring the remaining shares of Chrysler owned by the VEBA worth $3.65 billion. The deal was completed on January 21, 2014. Several days later, the intended reorganization under a new holding company, together with a new FCA logo were announced. The most challenging launch for this new company came immediately in January 2014 with a completely redesigned 200. The vehicle’s creation is from the completely integrated company, FCA, executing from a global compact-wide platform.