How it started
Origins
The integration between Fiat Group and Chrysler Group dates back to 2009, after Chrysler Group filed for Chapter 11 bankruptcy reorganization on 30 April 2009. On 10 June 2009, Chrysler Group emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the US and Canadian governments as principal owners. Fiat's initial purchase was a 20% stake; by January 2012, it grew to 58.5%. On 21 January 2014, Fiat Group completed the acquisition of the remaining 41.5% from the United Auto Workers, making Chrysler Group a wholly owned subsidiary. The total cost of acquisition was US$4.9 billion with an additional US$5.5 billion in pension liability.
Fiat Group and Chrysler Group merged into Fiat Chrysler Automobiles (FCA) on 12 October 2014 following approvals of the board on 15 June 2014 and shareholders on 1 August 2014. On 13 October 2014, Fiat Chrysler began trading on the BIT under the ticker symbol "FCA" and on the NYSE under the ticker symbol "FCAU".
On 15 December 2014 the Fiat Group Automobiles (FGA) subsidiary was renamed to FCA Italy, and Chrysler Group was renamed to FCA US; the name changes were announced to the press the following day.
Maserati and Ferrari were not put under the control of FCA. Maserati was a separate subsidiary of FCA, whereas Ferrari split from FCA in 2015.
Five-year plan (2014–2018)
From Wikipedia’s article on Fiat Chrysler Automobiles, shared under CC BY-SA 4.0.2