FCA meaning in Business ?

Answer:

What is Fiat Chrysler Automobiles mean?

Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest shareholder and owner of voting rights. At the time it was the world's eighth largest auto maker. The group was established in October 2014 through the merger of Chrysler Group and Fiat S.p.A. Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor, an Italian investment group controlled by the Agnelli family, owned 29.19% of FCA and controlled 44.31% through a loyalty voting mechanism.

FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) headquartered in Turin and FCA US (previously Chrysler Group LLC) in Auburn Hills, Michigan. The company's portfolio included brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks. Ferrari was spun off in 2016. FCA operated in four global markets (NAFTA, LATAM, APAC, EMEA).

On 31 October 2019, FCA announced its intention to merge with the PSA Group (owner of the Peugeot and Citroën brands among others) on a 50-50 all-stock basis. On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger. In July 2020, the company announced its new name, Stellantis, derived from the Latin verb stello, meaning "to brighten with stars". On 16 January 2021, after FCA and PSA both having approved the merger on 4 January of the same year, the merger was complete with FCA resulted as a surviving entity and changed its name to Stellantis.

FCA also owned industrial subsidiaries Comau, Teksid, and Mopar.

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