Who Owns Chrysler? (2022)

Chrysler is one of America’s big three original automobile manufacturers, along with Ford and General Motors. The company owns several famous brands: Jeep, Ram, and Dodge.

Being one of the best selling automotive brands in America, people frequently inquire as to who owns Chrysler and who founded it.

Chrysler has a long history of ownership and today I will simplify it to give you all your answers.

Who Owns Chrysler?

As of 2022, Chrysler is owned by Stellantis, a big European automotive manufacturing company formed after the merger of Fiat Chrysler Automobiles and the French PSA Group.

Chrysler was part of DaimlerChrysler from 1998 to 2007, when DaimlerChrysler sold 80.1% of Chrysler to Cerberus Capital Management. DaimlerChrysler was formed after the merger of Daimler Benz and Chrysler Corporation.

During the 2008 financial crisis, the Chrysler Group defaulted on $4 billion of debts and went bankrupt in 2009. Then the US government invested $12.5 billion in the company via the Troubled Asset Relief Program.

In 2011, Fiat bought the Chrysler shares held by the US Treasury for $11.2 billion and the remaining shares owned by VEBA for $3.65 billion. This led to the formation of Fiat Chrysler Automobiles (FCA).

Stellantis N.V. was merged with FCA in 2022 to form Stellantis N.V. Since then, Chrysler has been owned by Stellantis.

Who Founded Chrysler?

Chrysler was founded by Walter Chrysler in 1925 in Highland Park City, Michigan, when Maxwell Motor Company was re-organized to form the new Chrysler Corporation.

In the 1920s, Walter Chrysler was hired to turn around the ailing Maxwell-Chalmers company, a job which he had previously done at Willys Car Company.