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When did Fiat buy Chrysler?
I don’t know if I was living under a rock or something, but I had no idea that Chrysler wasn’t American-owned anymore! I read that Fiat bought them, but I couldn’t find any information on when that happened. When was Chrysler purchased by Fiat?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Fiat bought
Chrysler
between 2011 and 2014. In 2011, Fiat bought a majority stake in the company from the U.S. Treasury followed by a total takeover of the brand on January 21, 2014. Following the purchase, the companies combined their names to become Fiat Chrysler Automobiles, which is what the company is still known as today.Fiat’s decision to purchase Chrysler came during the fallout of the Great Recession, which saw Chrysler take out loans from the American and Canadian governments just to stay afloat.
However, the merger was short-lived. In 2021, Fiat Chrysler merged with Stellantis—a Dutch-based automotive manufacturer—to become the world’s fifth-largest automaker in an effort to become more competitive. Today, the company has more than 300,000 employees and sells vehicles in 130 countries—trailing only behind
Toyota
, Volkswagen
, GM, and Hyundai
.View full answer
- Gregory R.
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