Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V.
Company typePublic
Industry
Predecessors
Founded12 October 2014 (2014-10-12)
Defunct16 January 2021 (2021-01-16)
FateMerged with the PSA Group to form a new company called Stellantis
SuccessorStellantis
HeadquartersAmsterdam, Netherlands (Legal office)
London, United Kingdom (Fiscal office)
Area served
Worldwide
Key people
John Elkann (chairman)
Mike Manley (CEO)[1]
RevenueDecrease 108 billion (2019)[2]
Increase €4 billion (2019)[2]
Increase €6.6 billion (2019)[2]
Total assetsIncrease €96.87 billion (2018)[2]
Total equityIncrease €24.90 billion (2018)[2]
Owners
Number of employees
198,545 (2018)[2]
Subsidiaries
Websitefcagroup.com at the Wayback Machine (archived 16 March 2020)

Fiat Chrysler Automobiles N.V. (FCA), now part of Stellantis, 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 acquired a 58.5% stake of the Chrysler Group (which in 1998 to 2007 was part of DaimlerChrysler) and thus became the at the time 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.[5] Exor, an Italian investment group controlled by the Agnelli family, owned 29% of FCA and controlled 44% through a loyalty voting mechanism,[6] the largest block of shares.

FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat) with headquarters in Turin, and FCA US (previously Chrysler) in Auburn Hills, Michigan. The company's portfolio included brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks. Ferrari was spun off in 2016.[7] FCA operated in four global markets (NAFTA, LATAM, APAC, EMEA).[8]

Starting in late 2019, FCA merged with the PSA Group (owner of the Peugeot and Citroën brands among others) on a 50-50 all-stock basis[9] in a $50 billion merger.[10][11] In 2020, the company announced its new name, Stellantis.[12] In January 2021, the merger was complete with FCA resulting as the surviving entity and changed its name to Stellantis.

FCA also owned industrial subsidiaries Comau, Mopar, Teksid and VM Motori.[13]

  1. ^ FCA_Announcement.pdf: FCA - FCA_Announcement.pdf, accessdate: 21. July 2018
  2. ^ a b c d e f "Fiat Chrysler 2018 Results" (PDF). Fiat Chrysler Automobiles. Retrieved 7 April 2019.
  3. ^ "Fiat Chrysler Automobiles: Shareholders Board Members Managers and Company Profile". MarketScreener. Retrieved 20 January 2021.
  4. ^ "Group Brands". fiatspa.com. Archived from the original on 18 May 2013. Retrieved 25 May 2013.
  5. ^ "Fiat says merger into Dutch-registered FCA effective October 12". Reuters. London. 7 October 2014. Retrieved 20 January 2021.
  6. ^ FCA_2014_Annual_Report.pdf: FCA Annual_Report at 31 December 2014. Retrieved 4 March 2016.
  7. ^ Joseph, Noah. "Ferrari and FCA are officially separated". Autoblog. Retrieved 24 January 2016.
  8. ^ "Group profile". FCA. Archived from the original on 14 August 2017. Retrieved 18 February 2020.
  9. ^ "Fiat Chrysler and Peugeot agree to pursue giant auto merger". Financial Times. London. 31 October 2019. Retrieved 20 January 2021.
  10. ^ Ewing, Jack; Alderman, Liz (18 December 2019). "Fiat Chrysler and Peugeot Agree on Terms to Forge New Auto Giant". The New York Times. ISSN 0362-4331. Retrieved 18 December 2019.
  11. ^ "Fiat Chrysler, Peugeot owner PSA agree binding merger in $50 billion deal". Reuters. 18 December 2019. Retrieved 18 December 2019.
  12. ^ Vijayraghvan, Seshan (16 July 2020). "FCA, Groupe PSA Merger Officially Named 'Stellantis'". Car and Bike. Archived from the original on 4 November 2021. Retrieved 18 July 2020.
  13. ^ "Group brands". FCA. Archived from the original on 6 April 2017. Retrieved 18 February 2020.

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