Our Company

The integration between Fiat and Chrysler dates back to 2009 after Chrysler filed for Chapter 11 bankruptcy reorganization on 30 April 2009. On 10 June 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the U.S. and Canadian governments as principal owners. Over the next few years, Fiat gradually acquired the other parties' shares to take majority ownership of the company, and on 21 January 2014 Fiat completed the acquisition of the remaining 41.5% from the United Auto Workers, making Chrysler Group a wholly owned subsidiary.[20] Overall, to acquire Chrysler cost Fiat US$4.9 billion, with an additional US$5.5 billion pension liability.[21] On 29 January 2014 Fiat announced a reorganization and intended merger into a new holding company. A very similar structure was used for the combination of CNH Global N.V. and Fiat Industrial S.p.A. to form CNH Industrial.[22] Fiat S.p.A. merged into FCA on 12 October 2014, as the board agreed to the terms on 15 June 2014, and the merger was approved by shareholders on August 1, 2014.[23] On 29 October 2014 the group announced the intention to separate Ferrari S.p.A. from FCA. The transactions should be completed by the end of 2015.[24]