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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 Cerberus Capital Management a [[private equity firm]] and DaimlerChrysler.  The merger of Chrysler and [[Daimler]]Benz, a [[German]] automobile manufacturer in 1998 was considered originally a merger of equals, but the following years showed that the merger was for the gain of Mercedes usally.   

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 Cerberus Capital Management a [[private equity firm]] and DaimlerChrysler.  The merger of Chrysler and [[Daimler]]Benz, a [[German]] automobile manufacturer in 1998 was considered originally a merger of equals, but the following years showed that the merger was for the gain of Mercedes usally.  In 2007 the Daimler and Chrysler separated again, although the Daimler still owns 20% of the new company.

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.

Major Brands of the Chrysler Group are Chrysler, Dodge, and Jeep although the financial arm of the company also provides a large source of income to the company.

Typically the smallest automobile manufacturer of the American "Big Three" ([[General Motors]], [[Ford_Motor_Company|Ford]], and Chrysler) they has had finacial difficulty before.  In 1979 they were bailed out of near bankrupcy from the US Government following the oil shocks and the imports from Japanese automobile manufacturers.  They were led by [[Lee Iacocca]] an industry visionary.  Being on the brink several times has ensured that Chrysler created some of the more innovative vehicles, including the [[Minivan]], and the high powered [[Dodge Viper]].

Typically the smallest automobile manufacturer of the American "Big Three" ([[General Motors]], [[Ford_Motor_Company|Ford]], and Chrysler) Chrysler have had financial difficulty before.  In 1979 they were bailed out of near bankrupcy from the US Government following the oil shocks and the imports from Japanese automobile manufacturers.  They were led by [[Lee Iacocca]] an industry visionary.  Being on the brink several times has ensured that Chrysler created some of the more innovative vehicles, including the [[Minivan]], and the high powered [[Dodge Viper]].  Chrysler sells the largest proportion of it's vehicles in America.  

==References==

==References==