Problems per 100 vehicles: 192
Initial quality score: 3/5
2011 sales: 221,346
2011 market share: 2%
Customer satisfaction score: well below average
Flagship model: 300 Series
Chrysler, parent company of the Chrysler, Dodge, Jeep and Ram brands, filed for Chapter 11 on April 20, 2009, which certainly effected the Chrysler brand. At the time, its parent was by far the smallest of the American Big Three auto companies and had a troubled past. Chrysler had engineered a merger with German car company Daimler in 1998. Most of the U.S. company’s top management were thrown out and the German management ran the company. When it became clear to Daimler that Chrysler was a drag on its results, it sold 80.1% of the company to private equity firm Cerberus Capital Management in 2007. Cerberus did not have the money to finance Chrysler through the downturn in sales caused largely by the recession. Its only alternatives were liquidation or bankruptcy.
(AP Photo/David Zalubowski) More From 24/7 Wall St.: The Best-and Worst-run States in America The Richest Cities Where No One Wants to Move The States With The Most Homes In Foreclosure The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.