What company owns Chrysler?
Chrysler, the iconic American automotive brand, is currently owned by Stellantis, a multinational automotive corporation formed in 2021 through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA.
The History of Chrysler's Ownership
Chrysler was founded in 1925 by Walter Chrysler and has a long and storied history in the automotive industry. Over the years, the company has undergone several ownership changes:
- Chrysler was an independent company until 1998, when it merged with Daimler-Benz to form DaimlerChrysler.
- In 2007, Daimler sold an 80.1% stake in Chrysler to private equity firm Cerberus Capital Management.li>
- In 2009, Chrysler filed for bankruptcy and was acquired by Fiat, forming Fiat Chrysler Automobiles (FCA).
- In 2021, FCA merged with Groupe PSA to create Stellantis, the current parent company of Chrysler.
Stellantis, the world's fourth-largest automaker, now owns and operates the Chrysler brand, along with other well-known automotive brands such as Jeep, Dodge, Ram, Fiat, Peugeot, and Citroën.
Chrysler's Role Within Stellantis
As part of the Stellantis group, Chrysler continues to be a significant player in the North American automotive market. The company's lineup includes popular models such as the Chrysler Pacifica minivan, the Chrysler 300 sedan, and the Chrysler Voyager. Stellantis has stated that it plans to invest in and revitalize the Chrysler brand, leveraging its heritage and reputation for innovation.
The ownership of Chrysler by Stellantis represents the latest chapter in the brand's long and dynamic history, as it continues to evolve and adapt to the changing automotive landscape.
