Chrysler PowerFlite transmission Chrysler PowerFlite transmission PowerFlite is a two-speed automatic transmission engineered and produced by the Chrysler Corporation and used in their passenger cars from 1954 to 1961. Production began in late 1953; despite the launch of Chrysler's three-speed TorqueFlite automatic in 1956, the simple and durable PowerFlite remained available on Plymouths and Dodges through the 1961 model year, after which it was discontinued. Chrysler was the last of Detroit's Big Three automakers to introduce a fully automatic transmission, some 14 years after General Motors had introduced Oldsmobile's Hydramatic automatic transmission and nearly three years after Ford's Ford-O-Matic. Packard's Ultramatic debuted in
Chrysler Building technological changes. Consumer goods such as radio, cinema, and the automobile—whose use grew exponentially in the 1920s—became widespread. In 1927, Walter Chrysler's automotive company, the Chrysler Corporation, became the third-largest car manufacturer in the United States, behind Ford and General Motors. The following year he was named "Time" magazine's "Person of the Year". The economic boom of the 1920s and speculation in the real estate market fostered a wave of new skyscraper projects in New York City. The Chrysler Building was built as part of an ongoing building boom that resulted in the city having the world's tallest building from