Chrysler Group in the context of Fiat


Chrysler Group in the context of Fiat

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⭐ Core Definition: Chrysler Group

FCA US, LLC, doing business as Stellantis North America and known historically as Chrysler (/ˈkrslər/ KRY-slər), is one of the "Big Three" automobile manufacturers in the United States, headquartered in Auburn Hills, Michigan. It is the American subsidiary of the multinational automotive company Stellantis. Stellantis North America sells vehicles worldwide under the Chrysler, Dodge, Jeep, and Ram Trucks nameplates. It also includes Mopar, its automotive parts and accessories division, and SRT, its performance automobile division. The division also distributes Alfa Romeo, Fiat, and Maserati vehicles in North America.

The original Chrysler Corporation was founded in 1925 by Walter Chrysler from the remains of the Maxwell Motor Company. In 1998, it merged with Daimler-Benz, which renamed itself DaimlerChrysler but in 2007 sold off its Chrysler stake. The company operated as Chrysler LLC through 2009, then as Chrysler Group LLC. In 2014, it was acquired by Fiat S.p.A.; it subsequently operated as a subsidiary of the new Fiat Chrysler Automobiles (FCA), then as a subsidiary of Stellantis, the company formed from the 2021 merger of FCA and PSA Group (Peugeot Société Anonyme).

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Chrysler Group in the context of Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., commonly known by the acronym FCA, was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems.

The corporation was established by January 2012, when Fiat Group acquired a 58.5% stake of the Chrysler Group (which from 1998 to 2007 was part of DaimlerChrysler) and thus became, at that time, the 7th largest automaker (behind Toyota, General Motors, Volkswagen, Hyundai, Ford and Nissan). Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor, an Italian investment group controlled by the Agnelli family, owned 29% of FCA and controlled 44% through a loyalty voting mechanism, the largest block of shares.

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