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Fiat Chrysler Automobiles (Fabbrica Italiana Automobili Torino)
is an automotive holding company, which owns the Fiat Group.
The Fiat Group contains many brands such as
Fiat, Alfa Romeo, the Chrysler Group, Abarth, and Lancia.
Fiat S.p.A. was Fiat Chrysler Automobiles' predecessor, as it owned the Fiat Group prior to the merger.
On 29 January 2014, it was announced that Fiat S.p.A. (the former owner of Fiat Group)
will be merged into a new Netherlands-based company Fiat Chrysler Automobiles NV (FCA).
Fiat Chrysler Automobiles will become the owner of Fiat Group.
On August 1, 2014, Fiat S.p.A. received necessary shareholder approval to proceed with the merger (which followed board approval).
FCA will be listed on the New York Stock Exchange with an additional listing on the
Mercato Telematico Azionario in Milan to follow.
Fiat S.p.A. (Fiat Chrysler Automobiles' predecessor) was founded in 1899 by a group of investors,
including Giovanni Agnelli
. During its more than century-long history, Fiat has also manufactured
railway engines and carriages, military vehicles, farm tractors, and aircraft.
In 2013, Fiat (together with Chrysler) was the second largest European automaker by volumes produced,
and the seventh in the world ahead of Honda, PSA Peugeot CitroŽn, Suzuki, Renault and Daimler AG.
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