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Chrysler through time, 1875 to present

1875: Walter Percy Chrysler is born in Wamego, Kan.

1912: Walter P. Chrysler begins working for Buick, a subsidiary of General Motors.

1925: The company he joins after leaving GM is renamed Chrysler Corp.

1978: Lee A. Iacocca is named president of Chrysler Corp.

1979: Iacocca asks for a government bailout of his nearly bankrupt company.

1983: Chrysler pays back its $1.5 billion loan seven years early. Chrysler also introduces the first models of minivans, including Dodge Caravan and Plymouth Voyager.

1987: The one-millionth minivan is sold. Sales continue at a steady clip, eventually reaching 12 million sold by 2007.

1987: Chrysler buys American Motors Corp. for $800 million, which adds the Jeep brand to the stable.

1988: Chrysler signs agreement with Fiat to sell Alfa Romeo vehicles in North America. The agreement ceased in 1991.

1998: Daimler-Benz and Chrysler combine in a "merger of equals" forming DaimlerChrysler AG, but Chrysler Group is a business unit of DaimlerChrysler AG.

2001: The Plymouth brand ends production.

2007: DaimlerChrysler AG sells 80.1 percent of Chrysler to hedge fund Cerberus Capital Management for $7.4 billion.

2009: Chrysler receives another bailout loan from the government — this time for $4 billion — 30 years after the first one.

2009: Daimler separates from Chrysler, relinquishing remaining control and agreeing to pay as much as $600 million into the auto maker's pension fund.

2009: Chrysler files for Chapter 11 bankruptcy. Forced to get leaner, the company targets 789 Chrysler dealerships to be closed.

2009: Chrysler is sold out of bankruptcy. The new company is run by Fiat, which owns a 20 percent stake. The remainder is split between the U.S. government (10 percent), the Canadian government (2.5 percent), and a trust fund managed by the United Auto Workers union, (68 percent).

2010: Chrysler unveils its only new product, the Jeep Grand Cherokee, in the second quarter, while reporting a $172 million loss. New models still in the pipeline.

2010: Chrysler owner Fiat plans to introduce its Fiat 500 subcompact at selected Chrysler dealerships nationwide. Fiat-controlled Alfa Romeo vehicles are also slated to be reintroduced later in the United States.

Compiled by Times newsresearcher Caryn Baird and columnist Robert Trigaux.

Chrysler through time, 1875 to present 09/11/10 [Last modified: Friday, September 10, 2010 8:05pm]
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