| Walter Percy Chrysler | |
 Walter Percy Chrysler | |
| Born | April 2, 1875 Wamego, Kansas |
|---|---|
| Died | August 18, 1940 (aged 65) |
| Occupation | Entrepreneur |
Walter Percy Chrysler (April 2, 1875 – August 18, 1940) was an American automobile pioneer. Events 68 - Galba, Governor of Hispania, names himself legatus senatus populique Romani, breaking the line of Year 1875 ( MDCCCLXXV) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common Wamego (wɔˈmiɡo is a city in Pottawatomie County, Kansas, United States. Events 293 BC - The oldest known Roman temple to Venus is founded starting the institution of Vinalia Rustica. Year 1940 ( MCMXL) was a Leap year starting on Monday (link will display the full 1940 calendar of the Gregorian calendar. An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome Events 68 - Galba, Governor of Hispania, names himself legatus senatus populique Romani, breaking the line of Year 1875 ( MDCCCLXXV) was a Common year starting on Friday (link will display the full calendar of the Gregorian calendar (or a Common Events 293 BC - The oldest known Roman temple to Venus is founded starting the institution of Vinalia Rustica. Year 1940 ( MCMXL) was a Leap year starting on Monday (link will display the full 1940 calendar of the Gregorian calendar. [1]
He was born in Wamego, Kansas and grew up in Ellis, Kansas. Wamego (wɔˈmiɡo is a city in Pottawatomie County, Kansas, United States. Ellis is a city in Ellis County, Kansas, United States. The population was 1873 at the 2000 census. He also lived in Oelwein, Iowa, where there is a small park dedicated to him. Oelwein is a city in Fayette County, Iowa, United States. The population was 6692 at the 2000 census.
His automobile career began when the American Locomotive Company (ALCO) decided to diversify into the automobile business. The American Locomotive Company, often shortened to ALCO or Alco (or less frequently ALCo) was a builder of Railroad Locomotives in Chrysler was the plant manager. ALCO had some racing success but less in the way of sales success. Chrysler saw the way things were going and took a job at the Buick Motor Company in Flint, Michigan in 1911, two years before ALCO quit the automobile business. Buick (ˈbjuːɪk is a Marque of automobile sold in the United States, Canada, China, Taiwan, Qatar, and Flint is a city in the US state of Michigan and is located along the Flint River, 66 miles (106 km northwest of Detroit. "What I saw [in Flint] astonished me. " he wrote in his auto-biograhy, Life of an American Workman.
In 1916, William C. Durant, who founded General Motors in 1908, had retaken GM from bankers who had taken over the company. William Crapo "Billy" Durant ( December 8, 1861 – March 18, 1947) was a leading pioneer of the United States Automobile General Motors Corporation ( GM) ( is a multinational automobile manufacturer founded in 1908 and headquartered in the United States. Chrysler, who was closely tied to the bankers, submitted his resignation to Durant, then based in New York City.
Durant took the first train to Flint to make an attempt to keep Chrysler at the helm of Buick. Durant made the then-unheard of salary offer of US$10,000 (US$165,000 in today's dollars) a month for 3 years, with a US$500,000 bonus at the end of each year, or US$500,000 in stock. Additionally, Chrysler would report directly to Durant, and would have full run of Buick without interference from anyone.
Apparently in shock, Chrysler asked Durant to repeat the offer, which he did. Chrysler immediately accepted.
Not long after his three year contract was up, he resigned from his job as president of Buick in 1919. Durant paid Chrysler US$10 million for his GM stock. Chrysler had started at Buick in 1911 for US$6,000 a year, and left one of the richest men in America.
Chrysler was then hired by John Willys to run his Willys-Overland Motor Company in Toledo, Ohio, at a salary of US$1 million a year, an astonishing amount at that time. John North Willys (pr WILL-iss October 25, 1873 – August 26, 1935) was an American Automotive pioneer and statesman Willys was the brand name used by the United States Automobile company Willys-Overland Motors best known for its production of military and civilian This article is about the city in Ohio, USA. For Toledo Spain, see that article However, Chrysler tried to oust John Willys with an attempted takeover bid that backfired when the shareholders resisted his move and Chrysler left the company in 1921 following which he acquired a controlling interest in the ailing Maxwell Motor Company. The Maxwell was a brand of Automobiles manufactured in the United States of America from about 1904 to 1925 Chrysler phased out Maxwell and absorbed it into his new firm, the Chrysler Corporation, in 1925. Chrysler LLC is an American Automobile manufacturer that has been producing Automobiles since 1925 In addition to his namesake car company, Plymouth and DeSoto marques were created, and in 1928 Chrysler purchased Dodge. Plymouth (founded 1928 - dissolved 2001 is a Marque of Automobile based in the United States, marketed by the Chrysler Corporation The DeSoto (sometimes De Soto) was a brand of Automobile based in the United States, manufactured and marketed by the Chrysler Corporation A marque ( French for "brand" ˈmɑrk is a Brand name especially in the Automobile industry Dodge is a United States -based brand of Automobiles Sport utility vehicles and Trucks manufactured and marketed by Chrysler LLC He financed the construction of the Chrysler Building and built it in New York City. The Chrysler Building is an Art Deco Skyscraper in New York City, located on the east side of Manhattan at the intersection of 42nd The City of New York In 1928, Chrysler was named Time Magazine's Man of the Year. Time (trademarked in capitals as TIME) is a weekly American Newsmagazine, similar to Newsweek and Person of the Year (formerly Man of the Year) is an annual issue of the United States Newsmagazine Time that features and profiles [2]
The Chrysler Corporation went through numerous changes over the years, with the Jeep and Eagle brands coming from the acquisition of American Motors. Jeep is an Automobile Marque (and registered trademark of Chrysler. Eagle was a Marque of the Chrysler Corporation following the purchase of American Motors Corporation (AMC and aimed at the enthusiast driver American Motors Corporation (AMC was an American automobile company formed on January 14 1954 by the merger of the Nash-Kelvinator Corporation Despite the retirement of the Maxwell, DeSoto,Imperial, AMC, Eagle, and Plymouth brands, Chrysler continued to be a part of Detroit's Big Three until 1998, when the German company Daimler-Benz, the makers of Mercedes-Benz automobiles, decided to merge with the company to form a new car company, DaimlerChrysler. The Big Three automobile manufactures may refer to The three major American (USA automakers General Motors, Ford and Daimler-Benz AG was a German manufacturer of automobiles motor vehicles and engines which was founded in 1926 Mercedes-Benz is a German manufacturer of luxury Automobiles Buses coaches and Trucks It is currently a division of the Daimler AG ( (formerly DaimlerChrysler AG) is a German car corporation (not to be confused with the British car-maker Daimler Motor Company) and The Germans have now sold Chrysler to private equity firm Cerberus Capital Management. In Finance, private equity is an Asset class consisting of equity Securities in operating companies that are not Publicly traded on Cerberus Capital Management LP is one of the largest Private equity investment firms in the USA
Chrysler built a country estate in Warrenton, Virginia in what is referred to as the Virginia horse country and home to the Warrenton Hunt. Sleepy Hollow Cemetery in Sleepy Hollow, New York is the resting place of numerous famous figures including Washington Irving, whose story " The Warrenton is a town in Fauquier County, Virginia, United States. The Commonwealth of Virginia ( is an American state In 1934, he purchased and undertook a major restoration of the famous Fauquier White Sulphur Springs Company resort and spa in Warrenton. Sold in 1953, the property was developed as a country club, which it remains today.
On the estate he inherited, Walter P. Chrysler, Jr. established North Wales Stud for the purpose of breeding Thoroughbred horses. Horse breeding refers to reproduction in Horses and particularly the human-directed process of Selective breeding of animals particularly Purebred The Thoroughbred is a horse breed Chrysler, Jr. was part of a syndicate that included friend Alfred G. Vanderbilt II who in 1940 acquired the 1935 English Triple Crown winner Bahram from the Aga Khan III. The Triple Crown of Thoroughbred Racing (although sometimes shortened to Triple Crown, the full name is used to avoid possible confusion with other sports consists of three Bahram (1932-1956 was an Irish-bred Thoroughbred racehorse who went undefeated in his racing career and won the 1935 U Sultan Mahommed Shah Aga Khan III, GCSI, GCMG, GCIE, GCVO, PC ( November 2, 1877 &ndash July 11, Bahram stood at stud at Vanderbilt's Sagamore Farm in Maryland then was brought to Chrysler's North Wales Stud. Sagamore Farm is an American Thoroughbred Horse breeding Farm in Glyndon, Baltimore County, Maryland.
Chrysler is buried at Sleepy Hollow Cemetery in Sleepy Hollow, New York. Sleepy Hollow Cemetery in Sleepy Hollow, New York is the resting place of numerous famous figures including Washington Irving, whose story " The For other uses see Sleepy Hollow. Sleepy Hollow, is a village in the Town of Mount Pleasant in Westchester New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous
References
- ^ His ancestors emigrated from Germany in 1709. [1],[2]
- ^ The original TIME article (This was the first cover of Time to be published in full color. )
External links
- History @ the Walter P. Chrysler Museum
- Walter P. Chrysler Boyhood Home & Museum
- Fauquier Springs Country Club
- "Chrysler: The Life and Times of an Automotive Genius", Vincent Curcio, Oxford University Press, 2000
- "Life of an American Workman", Walter P. Chrysler in collaboration with Boyden Sparkes, Dodd, Mead and Company, 1937
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