Chrysler Group LLC is an American automobile manufacturer headquartered in Auburn Hills, Michigan. It is a consolidated subsidiary of Italian multinational automaker Fiat. Chrysler is one of the "Big Three" American automobile manufacturers. The Chrysler Corporation was founded by Walter Chrysler in 1925, out of what remained of the Maxwell Motor Company. Chrysler made major improvements in the performance, design and quality of its midsize sedan entry, the 200. The latest 300 also stands as a prime choice for a premium full-size sedan.