The American automobile designer Walter P. Chrysler founded on 6 June 1925, the Chrysler Corporation. Until 1998 it was an independent company until it merged with Daimler -Benz Daimler Chrysler. Since 2007, Chrysler is once again independent, and since the beginning of 2011, the car company Fiat owns a 25 percent stake in the American tradition companies. Currently, C. Robert Kidder Chairman of Chrysler LLC Group, based in Auburn Hills, Michigan.