The "Fiat-Chrysler" era lasted until 2021. During this time, the company successfully revitalized the and Ram brands, which became the primary profit engines for the group. In January 2021, FCA merged with the French PSA Group (Peugeot/Citroën) to create Stellantis , which currently oversees brands including Chrysler, Dodge, Jeep, Ram, Fiat, Alfa Romeo, and Maserati.
Fiat’s CEO at the time, , orchestrated the deal with several strategic goals in mind: did fiat buy chrysler
The merger was born out of the 2008 global financial crisis, which left Chrysler on the brink of collapse. The "Fiat-Chrysler" era lasted until 2021
Fiat reached an agreement to buy the remaining 41.5% stake held by the United Auto Workers (UAW) retiree healthcare trust (VEBA) for approximately $4.35 billion. On January 21, 2014 , Fiat completed the purchase, making Chrysler a wholly-owned subsidiary. Key Reasons for the Deal Fiat’s CEO at the time, , orchestrated the
Fiat increased its share to over 50%, becoming the majority shareholder after Chrysler repaid its loans to the U.S. and Canadian governments.
As part of Chrysler’s Chapter 11 bankruptcy reorganization, Fiat initially took a 20% stake in the company. In exchange, Fiat provided Chrysler with access to fuel-efficient engine technology and global distribution networks.