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Chrysler was founded in the year 1925 and was known as Chrysler Corporation. After emerging from bankruptcy in the year 2009, it was sold to a new company named Chrysler Group LLC in alliance with Fiat, the Italian automobile major. The first Chrysler model had 6 cylinder. The car came with advanced feature of that time like carburetor air filter, high compression engine, full pressure lubrication and oil filter.
Later they introduced the 4 cylinder car which was of lower price. In 1998, Chrysler formed an alliance with Daimler-Benz AG and formed an entity called Daimler Chrysler AG. Daimler acquired whole of Chrysler later and was named as Daimler Chrysler Motor Company LLC. The major subdivisions that fall under Chrysler are Chrysler, Dodge, Jeep, RAM and Mopar.