![]() And a new holding company, Fiat Chrysler Automobiles, was reorganized. In 2014, Fiat bought the remaining shares. On June 10, 2009, its assets were sold to the Chrysler Group LLC. The economic collapse of 2009 pushed the fragile company to the brink. The merger creates the combined entity DaimlerChrysler AG. In 1998, the United States-based manufacturer and the German-based Daimler-Benz AG merged. In 1987, it acquired 47% ownership of the corporation and the Jeep brand. ![]() In 1985, it began to produce the M platform rear-drive and Omnis front-wheel-drive cars in AMC's plant. Because of the 1958 recession, its sales were seriously affected, and finally, it was discontinued in 1961. The latter brand was introduced in the medium-price field. The division was then withdrawn from the marketplace in 2001. The former was introduced to compete in the low-priced end of the market that the other brands dominated. In 1928, it purchased the Dodge Brothers automobile and truck and created the Plymouth and the DeSoto. Its headquarter was then in the Detroit enclave of Highland Park. ![]() Chrysler is an automobile manufacturer owned by Stellantis.
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