Chrysler was founded in the mid-1920s by Walter Chrysler and quickly grew into the nation's second-biggest automaker. The company experienced a near collapse in the 1970s and was rescued by a package of government-backed loans. Chrysler has struggled again in more recent years, and the Obama administration is moving to reorganize it by handing a significant ownership stake to Italy's Fiat. Here's a look at the company's history since its previous federal rescue.
Talks Tip Chrysler Toward Bankruptcy Article | The Obama administration last night planned to send Chrysler into bankruptcy, replace chief executive Robert L. Nardelli and pump billions of dollars more into the effort, all in hopes the company can emerge from court proceedings as a reenergized competitor in the global economy.