Chrysler LLC is an automobile manufacturer of America since 1925. Rough yet royal,rock steady yet stylish,ruled the road. From 1998 to 2007 Chrysler and its subsidiaries were known as part of German based Daimler Chrysler. Under Daimler Chrysler,the company was named as Daimler Chrysler Motors company LLC.
On May 14,2007 Daimler Chrysler AG announced 80.1 % of Crysler was sold to American private equity firmCyberus Capital management. 'The New Chrysler' came in to existence using pentastar logo.In 2008,the whole world came to stand still when the Chrysler announced a bankruptcy.So it closed all operations permanently. The day it was to announce the final shut down American President George Bush announced $13.4billion rescue loan for American auto mkers including Chrysler!
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