Effective December 31, 2012, the Walter P. Chrysler Museum is closing its doors to the public.
Located on the grounds of Chrysler's headquarters complex in Auburn Hills, Michigan, approximately 50 km north of downtown Detroit, the museum was established as a charitable foundation and opened its doors in 1999.
It was the first on-site museum to be built by a North American automobile company.
The museum has been open to the public six days a week, holidays excepted, but according to the Detroit News, its income from visitors, reported as 35,000 last year, has been insufficient to maintain operations.
Chrysler Group LLC, will purchase the museum's historic collection of 67 vehicles and displays, to "preserve the company's automotive heritage for future generations." The company already owns the property and the building.
Proceeds from the sale, along with the remaining cash reserves of the Walter P. Chrysler Museum Foundation will be transferred to The Chrysler Foundation, where they will support a broad range of charitable community activities and organizations.
"We are very thankful for the generosity of our many members, friends, volunteers and employees and very proud of the Museum's legacy as an educational and cultural institution," said Brian Glowiak, president of the Walter P. Chrysler Museum Foundation.
"Chrysler will continue to share its automobile heritage housed at the Museum with the public during special exhibitions," said Glowiak. The facilities will also be used to meet other unspecified company needs.