Chrysler Group LLC is a U.S. automobile manufacturer headquartered in the Detroit suburb of Auburn Hills, Michigan. Chrysler was first organized as the Chrysler Corporation in 1925. From 1998 to 2007, Chrysler and its subsidiaries were part of the German based DaimlerChrysler AG (now Daimler AG). Prior to 1998, Chrysler Corporation traded under the "C" symbol on the New York Stock Exchange. Under DaimlerChrysler, the company was named "DaimlerChrysler Motors Company LLC", with its U.S. operations generally referred to as the "Chrysler Group". On May 14, 2007, DaimlerChrysler announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continued to hold a 19.9% stake. This was when the company took on the name, Chrysler LLC. The deal was finalized on August 3, 2007. On April 27, 2009, Daimler AG signed a binding agreement to give up its 19.9% remaining stake in Chrysler LLC to Cerberus Capital Management and pay as much as $600 million into the automaker's pension fund.

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Sam Zell
In Lehman's Archstone Deal, 'Grave Dancer' Sam Zell Wins Again

By IBTimes

Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the "grave dancer." This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost. (May 25)

MORE TOPICS: LEHMAN BROTHERS, INVESTMENT, BANK OF AMERICA, BARCLAYS, NYSE, NEW YORK, MANAGEMENT, ATTORNEY FEES

HP CEO Margaret Whitman
HP: Is Whitman’s Ax As Big As IBM’s Gerstner’s?

By IBTimes

Margaret Whitman, the new CEO of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, decided to swing her ax Wednesday as the company reported dreadful second-quarter results. (May 23)

MORE TOPICS: CARLY FIORINA, IBM, NYSE, HP, RETAIL, CISCO SYSTEMS

US Auto Sales
Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

By IBTimes

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. (May 23)

MORE TOPICS: GENERAL MOTORS, FORD MOTOR COMPANY, NYSE, S&P, TOYOTA, GDP

Chrysler will recall more than 67,000 model Jeep Wranglers from 2010 for fire hazards.
Chrysler Recalls Jeep Wranglers On Fire Hazard Risk

By IBTimes

Chrysler Group LLC is recalling 67,872 model year 2010 Jeep Wrangler cars equipped with automatic transmissions because of fire hazards associated with the transmission skid plate, the National Highway Traffic Safety Administration reported Monday. (May 21)

MORE TOPICS: S&P

GM
GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

By IBTimes

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. (May 16)

MORE TOPICS: GENERAL MOTORS, FORD MOTOR COMPANY, NYSE, S&P, TOYOTA, TWITTER, FIAT SPA

Insight - In Europe, carmakers talk plant closures

By Reuters UK

Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals. (May 15)

MORE TOPICS: GENERAL MOTORS, GERMANY, MANUFACTURING, VOLKSWAGEN, SOUTH KOREA, RUSSIA

Insight: In Europe, carmakers talk plant closures

By Reuters

Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals. (May 15)

MORE TOPICS: GENERAL MOTORS, GERMANY, MANUFACTURING, VOLKSWAGEN, SOUTH KOREA, RUSSIA

Carroll Shelby with new Mustang at the 2005 New York International Auto Show.
Carroll Shelby Dies: 10 Facts About the Legendary Race Car Driver and Designer

By IBTimes

The world of auto racing lost a pioneer on Friday with the passing of Carroll Shelby. (May 11)

Ford jests CEO Mulally will stay until he's 80

By Reuters

If Warren Buffett can run a company in his 80s, why can't Ford's Alan Mulally? (May 10)

MORE TOPICS: GENERAL MOTORS, MORGAN STANLEY, WARREN BUFFETT

Zuck
The Mark Zuckerberg Hoodie And 13 Other CEOs Who Casually Dress Down [PHOTOS]

By IBTimes

It seems that everyone cannot stop talking about Mark Zuckerberg's roadshow to the Facebook IPO, where he angered Wall Street bankers by donning his standard uniform, a hoodie and jeans. But Zuckerberg isn’t the only CEO of a company who chooses to dress down than don a suit. (May 10)

MORE TOPICS: MARK ZUCKERBERG, STEVE JOBS, FACEBOOK, JAPAN, THE NEW YORK TIMES, NEW YORK

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