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About Chrysler

Chrysler is a car manufacturer located in the U.S. Their headquarters are in Michigan. Chrysler owns the Chrysler, Dodge, Jeep and Ram brands. Chrysler was founded in 1925 by Walter Chrysler. It was a reorganization of another company, the Maxwell Motor Company, that led to the founding of the Chrysler Corporation. Chrysler began organizing its vehicles by their price points, allowing more choice for consumers. In 1928, Chrysler acquired the Dodge Brothers and continued manufacturing their line of trucks and cars. They acquired Jeep in 1987.

Chrysler has been bailed out by the U.S. government twice in its history. In 1979, Chrysler received a loan guarantee from the Congress. This guarantee meant that if Chrysler went bankrupt, the U.S. government would cover their default. The loan that Chrysler received allowed them to revitalize their company. In 2009, the federal government loaned Chrysler nearly $8 billion to help them get out of debt and begin making money again. Chrysler paid back this loan with about 20% in five years less than expected. However, soon after, Fiat, a German company, bought out Chrysler. Chrysler still does most of its work in the U.S.

Chrysler houses a large range of vehicles, from pickup trucks to luxury cars. Despite their turbulent past, Chrysler still generates about $70 billion in revenue each year. They have also grown over the last two years, rising from $70 billion to about $80 billion in revenue in 2014.