OR

source:wikipedia.org
02 Apr, 1875
18 Aug, 1940
Stroke
American
Entrepreneur
65
Walter Chrysler was a prominent figure in the automotive industry and the founder of Chrysler Corporation. He was born on April 2, 1875, in Wamego, Kansas, to a family of farmers. From a young age, Chrysler was fascinated by machines and mechanics, and he developed a talent for repairing machinery.
In 1901, Chrysler began working as a machinist’s apprentice at the Union Pacific Railroad’s machine shop in Ellis, Kansas. He quickly rose through the ranks and became a foreman, overseeing a team of mechanics. In 1908, he moved to Pittsburgh to work for the American Locomotive Company (ALCO) as a superintendent of its Pittsburgh Works.
In 1911, Walter Chrysler was hired by Buick, which was owned by William C. Durant, to manage its production line. Chrysler was a natural leader and quickly made improvements to the production process, which increased efficiency and reduced costs. He also oversaw the development of the first Buick engine with overhead valves.
In 1916, Chrysler was appointed president of Buick. However, he clashed with Durant over the direction of the company, and in 1919, he resigned from Buick and joined the struggling Willys-Overland Motor Company in Toledo, Ohio.
At Willys-Overland, Walter Chrysler introduced a number of innovations, including the first four-wheel hydraulic brakes, which became a standard feature on all cars. He also introduced a new engine, the “Whippet Six”, which was more powerful and fuel-efficient than the competition.
In 1920, Chrysler was hired by the Maxwell Motor Company, which was in financial trouble. He quickly turned the company around and launched a new car, the Chrysler Six, which was a hit with consumers. The Chrysler Six was innovative in many ways, featuring a number of new technologies, including a high-compression engine, full-pressure lubrication, and a one-piece cylinder head.
In 1925, Chrysler founded the Chrysler Corporation, which quickly became one of the “Big Three” American automobile manufacturers, along with Ford and General Motors. Chrysler was known for his attention to detail and his ability to develop innovative new products. Under his leadership, the company launched a number of successful models, including the Plymouth, Dodge, and DeSoto.
During the Great Depression, Chrysler implemented a number of cost-cutting measures to keep the company afloat, including reducing executive salaries and closing plants. He also introduced a new low-priced car, the Airflow, which was aerodynamically designed and ahead of its time, but ultimately failed to catch on with consumers.
In 1940, Chrysler retired as chairman of the company but remained on the board of directors. He was succeeded by his son, who oversaw the company’s expansion into defense production during World War II. Chrysler died on August 18, 1940, at the age of 65.
Walter Chrysler was a visionary leader who made significant contributions to the automotive industry. He was known for his engineering expertise, his attention to detail, and his ability to turn struggling companies around. His legacy lives on through the Chrysler Corporation and its many successful brands.
Walter Chrysler
Walter Chrysler
Male
Stroke
Wamego, Kansas, U.S.
Kings Point, New York, U.S
Debater: Smart and curious thinkers who cannot resist an intellectual challenge. He loves facing challenges and that was the secret of his success.
He built a working 28-inch model of a steam engine as a young man, impressing his entire town.
hrysler started his career as a railroad mechanic, earning $0.05 per hour.
Chrysler's salary at Buick in 1916 was an unprecedented $10,000 per month plus a $500,000 yearly bonus.
He bought his first car, a Locomobile, for $5,000 before he even knew how to drive it.
He took correspondence courses to earn a mechanical degree while working as a machinist.
Founder of the Chrysler Corporation