The World’s Newest Auto Company: Fiat Chrysler Automobiles
In 1925 Walter Chrysler founded the Chrysler Corporation. The company has gone through several modifications since then including a merger with Daimler-Benz AG in 1998. That lasted until 2007. Cerberus Capital Management took over and the company became Chrylser LLC. In 2009 it filed for Chapter 11 bankruptcy reorganization and later that year emerged from bankruptcy. Then last week a deal was completed that allowed Fiat to be the sole owner and today C.E.O. Sergio Marchionne (pictured below) announced the company's new name will be: Fiat Chrysler Automobiles.