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The '''Chrysler Group''' is an automobile manufacturer, based in [[Detroit]], [[Michigan]]. The group was founded in June 1925 by Walter Chrysler but is now privately owned by DaimlerChrysler, after the merger of Chrysler and [[Daimler]]Benz, a [[German]] automobile manufacturer. Recently a large portion of the company was sold to Cerberus Captial Management, a [[private equity firm]]. Major Brands of the Chrysler Group are Chrysler, Dodge, Jeep although a financial arm of the company also provides a large source of income to the company.
<br>Typically the smallest automobile manufacturer of the "Big Three", [[General Motors]], [[Ford_Motor_Company|Ford]], Chrysler has had finacial difficulty before which included a bail out from the US Government in 1979, led by the then CEO of Chrysler, [[Lee Iacocca]]. It has ensured that Chrysler created some of the more innovative vehicles, including the [[Minivan]], and the high powered [[Dodge Viper]].
==References==
*[http://www.daimlerchrysler.com/dccom/cg DaimlerChrysler Corporate Website]