Did Fiat Buy Chrysler -

Fiat reached an agreement to buy the remaining 41.5% stake held by the United Auto Workers (UAW) retiree healthcare trust (VEBA) for approximately $4.35 billion. On January 21, 2014 , Fiat completed the purchase, making Chrysler a wholly-owned subsidiary. Key Reasons for the Deal

: Fiat shared its expertise in small, fuel-efficient cars, while Chrysler provided a profitable lineup of SUVs (Jeep) and trucks (Ram). The Legacy of the Merger did fiat buy chrysler

Fiat increased its share to over 50%, becoming the majority shareholder after Chrysler repaid its loans to the U.S. and Canadian governments. Fiat reached an agreement to buy the remaining 41

The merger was born out of the 2008 global financial crisis, which left Chrysler on the brink of collapse. Fiat completed the purchase