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On 21 January 2014, Fiat completed the acquisition of the remaining 41.5% from the United Auto Workers, making Chrysler Group a wholly owned subsidiary. The total cost of acquisition was US$ 4.9 billion with an additional US$5.5 billion in pension liability.
In January 2014, Fiat acquired the rest of Chrysler from the United Auto Workers retiree health trust, making Chrysler Group a subsidiary of Fiat S.p.A. [7] In May 2014, Fiat Chrysler Automobiles was established by merging Fiat S.p.A. into the company. Chrysler Group LLC remained a subsidiary until December 15, 2014, when it was renamed FCA US ...
Stellantis N.V. is a multinational automotive manufacturing company formed from the merger in 2021 of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. [ 10 ] [ 11 ] [ 12 ] The company headquarters are located in Hoofddorp , Netherlands.
Chrysler is an American brand of automobiles and division owned by Stellantis North America. ... Chrysler Corporation began working with Italian automaker Fiat, ...
On 1 January 2014, Fiat announced it would be acquiring the remaining shares of Chrysler owned by the VEBA worth $3.65 billion. [59] The deal was completed by 21 January. On 29 January 2014 it was announced that Fiat S.p.A. would be merged into a new company, Fiat Chrysler Automobiles NV, incorporated in the Netherlands with tax domicile in the UK.
The Jeep Grand Cherokee is a tremendously profitable product for Chrysler -- and Chrysler's profits are a big part of why its merger with Fiat is working. Photo credit: Chrysler. There are a lot ...
It became a part of Fiat Chrysler Automobiles in 2012 and, in 2021, became a subsidiary of Stellantis through its Italian division Stellantis Europe. Fiat Automobiles was formed in January 2007 when Fiat S.p.A. reorganized its automobile business, [2] and traces its history back to 1899, when the first Fiat automobile, the Fiat 4 HP, was produced.
On July 21, Fiat bought the Chrysler shares held by the United States Treasury. With the purchase, Chrysler once again became foreign owned; this time Italian car maker Fiat gained majority ownership and control of Chrysler. [105] The United States government's involvement in the Chrysler bankruptcy cost the U.S. taxpayer $1.3 billion. [105]