scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 5,306
It would be true to say that Chrysler Corporation was born long ago before the year 1925 when it was officially established It was started as a result of Walter P Chryslers efforts to create a car that would be affordable and competitive in the market The first car would incorporate four-wheel hydraulic brakes and a high-compression six-cylinder engine In 1924 New York for the first time saw a car that became the ancestor of all generations of Chryslers cars It was the Chrysler Six The car was not allowed to be presented at the New York Automobile Show because it was not in production But to put it in production Walter Chrysler needed to raise external funds Eventually he came up with a very inventive idea8212to park his car in front of the building in which the show took place Going to the show exhibitors and investors had a chance to see the Chrysler Six Chryslers efforts led to success8212a Chase Security Banker underwrote a five million dollars issue of Maxwell Motor Corporation the company of which Walter Chrysler was a chairman debenture bonds to finance future development In a year Walter Chrysler purchased Maxwell Motor Corporation renamed it to Chrysler Corporation and became the only owner of it The new company was growing very fast By the end of the year Chrysler Corporation had 3800 dealers in the United Stated alone The profit that year was about 17 million In 1934 the company introduced Airflow to the market This car was a result of engineer Carl Breers and Orville Wrights work They had been working on a new generation of cars with a teardrop front Unfortunately this car did not match customers tastes However the company recovered thanks to innovations like ball bearings treated with Superfinish a forerunner of the automatic transmission fluid Drive and the color-coded Safety-Signal speedometer The company continued this success in 941 when it introduced the luxury-oriented Town
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA