Who is fiat owned by

The company is a big global player with a strong presence in Africa, Europe and China, but to most U. But the only other Chrysler vehicle is the aging sedan and Fiat has dwindled to a single model, the small x crossover , for Might that move come at the expense of Fiat and Chrysler?

Obviously, the merger is brand new, with many details to be worked out. Tavares said last year he wanted to sell Peugeot cars in the U. S, reintroducing the brand via a year plan. FCA has been an also-ran in electrification, but that is likely to change.

Stellantis has 29 electrified models in its portfolio, with 10 in the pipeline, the company said in a release. Abuelsamid also said that the Chrysler nameplate could be phased out, with the Pacifica minivan becoming a Jeep or Ram. In Europe, some PSA brands could also disappear, he said. One way Tavares helped PSA get back to profitability was cutting product lines.

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I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. The Chrysler brand is now part of Fiat Chrysler, which merged with the parent company of the Peugeot brand to create a new company called Stellantis.

Some changes to the lineup can be expected now that the merger is finalized. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

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FCA and PSA Group have completed the merger announced in , creating Stellantis, now the fourth-biggest automaker in the world by volume. The merger will allow the two companies to reduce research and development costs, particularly as the companies move toward electrification.

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