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The Chrysler company was founded by Walter Chrysler on June 6, 1925, [12] [13] when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. [14] [15] The company was headquartered in the Detroit enclave of Highland Park, [16] [17] [18] where it remained until completing the move to its present Auburn Hills location in 1996.
He purchased his first new vehicle dealership, Eastway Rambler, in Euclid in 1968. In 1975, Tom purchased an AMC-Jeep store in North Olmsted. In 1978, Ganley became the owner of Ganley Lincoln-Mercury in Middleburg Heights, Budget Rent a Car at Cleveland Hopkins International Airport and Ganley Dodge of Bedford.
A six-disc trunk-mounted Mopar CD changer with wire remote and an alarm system were dealer-installed options. This was the first car, along with Intrepid and Vision, to have the 3.5 L 24-valve SOHC V6 engine. A Panasonic cell phone with an externally mounted antenna could be ordered. The split-bench seat with column shift lever was not yet ...
Much of the reason Americans are paying nearly $50k for a car is that automakers decided to go all-in on expensive cars. The more they charge for a car, the more money they make off it.
The U.S. company began distributing Mitsubishis as Chrysler-, Dodge-, and Plymouth-branded captive imports (e.g. Dodge Colt), a successful venture as the compact cars met consumer demand for smaller and more fuel-efficient vehicles in the 1970s, filling a gap at the bottom of the Chrysler group's range. [4]
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