When did Chrysler buy Fiat?

When did Chrysler buy Fiat? I had no idea they were under the same company.

Melanie Mergen · Answered on Dec 15, 2022
Reviewed by Shannon Martin, Licensed Insurance Agent.
That’s true! Chrysler has definitely changed hands plenty of times over the years. Technically, however, it’s more accurate to characterize Fiat as buying Chrysler—and their merger became official in early 2014.
Chrysler had its share of financial difficulties in the recent past. The company nearly avoided bankruptcy in the late 1970s, and it neared bankruptcy again more recently amid the aftermath of the 2007-2008 financial crisis. Following its bailout from the US government, Fiat purchased shares of Chrysler and the two entered a partnership to become Fiat Chrysler Automobiles (FCA).
While they’re still under the same umbrella of ownership, an additional merger with the Netherlands-based PSA Group created what’s now known as Stellantis. In addition to Fiat Chrysler, Stellantis now owns a long list of major auto brands that include Maserati, Mopar, and Alfa Romeo.
After its government bailout, Fiat purchased Chrysler shares from the US Treasury as well as additional shares, and the two merged to become Fiat Chrysler Automobiles (FCA). After this more recent merger, they both fall under the umbrella now known as Stellantis.
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