Chrysler UK 

One of the ways in which Chrysler tried to bail itself out of hot water was, in 1978, to sell the entire Chrysler Europe operation to Peugeot. The immediate effect of this was relatively minor; the product stayed the same, but of course the Chrysler name could no longer be used - Peugeot dug up an old name with significance both in the UK and France - Talbot

Apparently, in 1979, Peugeot paid just one dollar for the whole Chrysler UK and Europe concerns! Of course it also inherited the large debts and loan repayments from Chrysler.

Talks on the future of Chrysler's British operations were held at Chequers in
November 1975 between the Prime Minister, John Richardo (Chrysler CEO)
and the Secretary of State for Industry. The government later announced a
￡162.5 million rescue package with the Chrysler Corporation to prevent
25,000 redundancies. Records relating to these events and the subsequent
take over of Chrysler UK by Peugot-Citroen, will be preserved.

1978

Acquisition: In August PSA Peugeot takes over Chrysler Europe made up of three automobile manufacturers-Chrysler France, Chrysler UK and Chrysler Spain-and several foreign distribution firms. As a result, PSA Peugeot Citro?n becomes the leading European automaker.

karried to another level of knowlage