Established in 1925, Chrysler Corporation was founded by Walter P. Chrysler, a distinguished machinist and engineer. Maxwell Motor Corporation of Detroit was purchased by Chrysler and it was the birthplace of the Chrysler Corporation.
In the 1990s, Chrysler joined with Daimler, the parent company of Mercedes-Benz, to create DaimlerChrysler. When the two companies merged, Chrysler Corporation became DaimlerChrysler Motors Company LLC, while its total operations began doing business as Chrysler Group.
And business has grown since then, with Chrysler providing a significant share of DaimlerChrysler profits due to the restructuring efforts of the Mercedes Car Group. In the past few years this has seemed a profitable move with Chrysler becoming the healthiest of the Big Three; a true American icon.
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