The Chrysler Corporation began as the Maxwell Motor Corporation, which hired Walter Chrysler in 1921 to help the company out of bankruptcy. Chrysler flirted with bankruptcy again in the early 1980s, but Lee Iacocca and the K-car came to the rescue, followed in 1984 with the introduction of the market-changing minivan. In November 1998 Chrysler became a division of the newly formed company DaimlerChrysler AG, created by a merger between Daimler-Benz and the Chrysler Corporation.
