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
General Motors in China. On April 20, 2017, General Motors announced that the Venezuelan government had seized the General Motors Venezolana plant in Valencia. Prior to their sale to Groupe PSA in 2017, Opel was the main GM brand name in Europe except in the United Kingdom, where Opel's British subsidiary, Vauxhall, used its own "Vauxhall" brand name. The Chevrolet brand was reintroduced in Europe in 2005, selling mostly rebranded Daewoo cars acquired by GM Korea. After having lost approximately $18B over 12 years, GM began phasing out mainstream sales of Chevrolet in Europe in late 2013, and finished by late 2015,