DETROIT, Mich. (WTVO) — The great-grandson of Chrysler founder Walter P. Chrysler has sent Stellantis a proposal to buy back the iconic American auto brand.
Frank B. Rhodes, Jr., who owns a small percentage of Stellantis, sent a proposal to CEO Carlos Tavares this week, saying he wants to acquire the Chrysler, Dodge, Plymouth and MOPAR brands.
“I have watched its downward spiral under the Stellantis ownership,” Rhodes said. “I cannot fully express the deep disappointment that I and all Chrysler current and former owners feel, for the lack of variety and innovation in the Chrysler and Dodge nameplates that we have been loyal to.”
“Furthermore, and to the disappointment of Chrysler employees you admitted last week your lack of understanding of the US market, shutting the Belvedere, IL Assembly Plant,” Rhodes continued. “It will not be possible for this plant to continue to receive and be eligible for
awards and commendations, if it never reopens. Its closing was a blow to the community in which started in the 1960’s and provided an attractive place to work Chicago area rural yet suburban setting.”