Chrysler Corporation - 1970's-80's dated Famous Automotive Co. Bond - Various Denominations Available
Inv# AB5006 Bond
Various Denominations Bond printed by Security-Columbian Banknote. Neatly hole cancelled. High denominations! Available in Red, Purple or Orange. Please specify color.
Chrysler (officially Stellantis North America) is one of the "Big Three" automobile manufacturers in the United States, headquartered in Auburn Hills, Michigan. It is the American subsidiary of Dutch-domiciled automotive company Stellantis. In addition to the Chrysler brand, Stellantis North America sells vehicles worldwide under the Dodge, Jeep, & Ram nameplates. It also includes Mopar, its automotive parts & accessories division, & SRT, its performance automobile division.
The original Chrysler Corporation was founded in 1925 by Walter Chrysler from the remains of the Maxwell Motor Company. It was acquired by Daimler-Benz, which in 1998 renamed itself DaimlerChrysler. After Daimler divested Chrysler in 2007, the company operated as Chrysler LLC (2007–2009) & Chrysler Group LLC (2009–2014) before being acquired by Fiat S.p.A. & becoming a subsidiary of the newly formed Fiat Chrysler Automobiles ("FCA") in 2014. Chrysler in 2021 is a subsidiary of Stellantis, the company formed from the merger between FCA & PSA Group (Peugeot Société Anonyme) in 2021.
After founding the company, Walter Chrysler used the General Motors brand diversification & hierarchy strategy that he had become familiar w/ when he worked in the Buick division at General Motors. He then acquired Fargo Trucks & the Dodge Brothers Company, & created the Plymouth & DeSoto brands in 1928. Facing postwar declines in market share, productivity, & profitability, as GM & Ford were growing, Chrysler borrowed $250 million in 1954 from Prudential Insurance to pay for expansion & updated car designs. Read more at https://en.wikipedia.org/wiki/Chrysler
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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