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
American Motors Corporation billion controlling stake in Nissan in March 1999. In contrast to the AMC/Renault partnership, Carlos Ghosn, CEO and President of Renault of France and Nissan of Japan, is guiding the Renault–Nissan Alliance away from national identities. Similarly, Mitsubishi Motors, which established a joint venture agreement in 1970 with Chrysler that expanded in 1985 to a 50-50 joint corporation for producing passenger cars in the United States Diamond-Star Motors until 1993 when Chrysler sold off its stock holdings of Mitsubishi Motors Corporation became controlled by Nissan in 2016 and thus a part of the Renault–Nissan–Mitsubishi Alliance. American Motors was forced to