Question

Which Italian automobile manufacturer gained majority control of U.S. automobile manufacturer Chrysler in 2011?

Answer 1

In 2011, Italian automobile manufacturer Fiat gained majority control of U.S. automobile manufacturer Chrysler. Fiat initially acquired a 20% stake in Chrysler in 2009, as part of a deal brokered by the United States government to save Chrysler from bankruptcy. Over the next two years, Fiat gradually increased its stake in Chrysler, eventually acquiring a controlling 58.5% stake in the company. The merger created Fiat Chrysler Automobiles (FCA), which became one of the largest automobile manufacturers in the world. In 2021, FCA merged with French automaker PSA to form Stellantis.

Answer 2

In 2011, Italian automobile manufacturer Fiat gained majority control of U.S. automobile manufacturer Chrysler.

Fiat SpA, now known as Fiat Chrysler Automobiles, is an Italian-American multinational corporation and the world's eighth-largest automobile manufacturer. In 2011, the company acquired a majority stake in Chrysler Group LLC, the U.S. automobile manufacturer, and the two companies merged in 2014 to form Fiat Chrysler Automobiles. The merger created the seventh-largest automobile manufacturer in the world, based on total annual vehicle sales.

Answer 3

Fiat gradually increased its stake in Chrysler, eventually acquiring a controlling 58.5% stake in the company. The merger created Fiat Chrysler Automobiles (FCA), which became one of the largest automobile manufacturers in the world. In 2021, FCA merged with French automaker PSA to form Stellantis.

Answer 4

The Italian automobile manufacturer that gained majority control of U.S. automobile manufacturer Chrysler in 2011 was Fiat. Fiat initially took a 20% stakein Chrysler when the U.S. automaker filed for bankruptcy in 2009. Fiat later increased its stake to 58.5%, acquiring majority control of the company, and merging Fiat and Chrysler into a new company called Fiat Chrysler Automobiles .