North America[edit] There is no one definition for an SUV.[4] Most government regulations simply have categories for "off-highway vehicles," which in turn are lumped in with pickup trucks and minivans as "light trucks."[4] The auto industry has not settled on one definition.[4] Nevertheless, four-wheel-drive SUVs are considered light trucks in North America (and two-wheel-drive SUVs up to the 2011 model year[5]) where they were regulated less strictly than passenger cars under two laws in the United States, the Energy Policy and Conservation Act for fuel economy, and the Clean Air Act for emissions.[6] Starting in 2004, the United States Environmental Protection Agency (EPA) began to hold sport utility vehicles to the same tailpipe emissions standards as cars.[7] Many people question "how can an SUV be called a truck?"[8] Although the original definition of the "light truck" classification included pickups and delivery vans, usually SUVs and minivans are included in this category because these vehicles are designed to "permit greater cargo-carying capacity than passenger carrying volume.[8] Manufacturing, emissions, and safety regulations in the U.S. classify "an SUV is a truck"; however, for local licensing and traffic enforcement, "an SUV may be a truck or a car" because the classification of these vehicles varies from state to state.[9] For industry production statistics, SUVs are counted in the light truck product segment.[10] http://en.wikipedia.org/wiki/Sport_utility_vehicle Chrysler (/ˈkraɪslər/), officially FCA US LLC, is an American automobile manufacturer headquartered in Auburn Hills, Michigan and owned by Italian automaker Fiat.[5] Chrysler is one of the "Big Three" American automobile manufacturers. It sells vehicles worldwide under its flagship Chrysler brand, as well as the Dodge, Jeep and Ram. Other major divisions include Mopar, its automotive parts and accessories division, and SRT, its performance automobile division. In 2014, FCA US LLC is the seventh biggest automaker in the world by production.[6] The Chrysler Corporation was founded by Walter Chrysler in 1925,[7] out of what remained of the Maxwell Motor Company. Chrysler greatly expanded in 1928, when it acquired the Fargo truck company and the Dodge Brothers Company and began selling vehicles under those brands; that same year it also established the Plymouth and DeSoto automobile brands. In the 1960s the company expanded into Europe, creating the Chrysler Europe division, formed from the acquisition of French, British and Spanish companies. In the 1970s, a number of factors including the 1973 oil crisis impacted Chrysler's sales, and by the late 1970s, Chrysler was on the verge of bankruptcy, forcing its retreat from Europe in 1979. Lee Iacocca was brought in as CEO and is credited with returning the company to profitability in the 1980s. In 1987, Chrysler acquired American Motors Corporation (AMC), which brought the profitable Jeep brand under the Chrysler umbrella. In 1998, Chrysler merged with German automaker Daimler-Benz AG to form DaimlerChrysler; the merger proved contentious with investors and Chrysler was sold to Cerberus Capital Management and renamed Chrysler LLC in 2007. Like the other Big Three automobile manufacturers, Chrysler was hit hard by the automotive industry crisis of 2008–2010. Through a combination of negotiations with creditors, filing for Chapter 11 bankruptcy reorganization on April 30, 2009, and participating in a bailout from the U.S. government through the T.A.R.P. program, Chrysler managed to remain in business. On June 10, 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat S.p.A., and the U.S. and Canadian governments as principal owners. The bankruptcy resulted in Chrysler defaulting on over $4 billion in debts. By May 24, 2011, Chrysler finished repaying its obligations to the U.S. government five years early, although the cost to the American taxpayer was $1.3 billion. Over the next few years Fiat gradually acquired the other parties' shares while removing much of the weight of the loans (which carried a 21% interest rate) in a short period. On January 1, 2014, Fiat S.p.A announced a deal to purchase the rest of Chrysler from the United Auto Workers retiree health trust. The deal was completed on January 21, 2014, making Chrysler Group a subsidiary of Fiat S.p.A.[5] In May 2014, Fiat Chrysler Automobiles, NV was born by merging Fiat S.p.A. into the company. This was completed in August 2014. Chrysler Group, LLC remained a subsidiary until December 15 2014, when it was renamed FCA US LLC, to reflect the Fiat-Chrysler merger.[8] http://en.wikipedia.org/wiki/Chrysler

• published: 22 Jan 2015
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