Chrysler

Chrysler Group LLC is an American automaker, and has been in a strategic global alliance with Italian automotible manufacturer Fiat since 2009.

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

On June 10, 2009, Chrysler LLC emerged from a Chapter 11 (i.e., re-organization) bankruptcy directed by the U.S. government. It became Chrysler Group LLC, a completely new entity, with 4 co-owners: Italian automaker Fiat, with a roughly 20% stake (and the option of increasing that, in the future, to a majority share); the U.S. government, with a roughly 20% share; the United Auto Workers' pension fund, with a 60% share; and, the Canadian government holding the remainder. Fiat's stake increased to 58.5% (fully diluted shares) after it bought out both the U.S. Treasury's (6% on June 3, 2011) and Canadian government's (1.5% on July 21, 2011) respective stakes. The stake was further increased to 61.8% in July 2012.