The history of Chrysler can be traced back to the 1920s. In 1921, Walter P.Chrysler (Walter) joined as chairman of Maxwell motor Corporation (Maxwell). During that time , Maxwell had high debts because of its declining sales after world war I.
In 1923, the production of automobiles under the brand name of Maxwell was stopped. In 1924 a new vehicle named Chrysler Six, which had a light , powerful, high compression six-cylinder engine and the first ever four-wheel hydraulic brakes, was launched in the U.S. automobile market. The vehicle was available for US$1565.