Chrysler, founded by Walter P. Chrysler in 1925, is a quintessential American automotive brand known for its innovations in engineering, design, and overall car performance. Over its history, Chrysler has experienced several ownership changes, including mergers with Daimler-Benz and Fiat, that have taken ownership and control out of the U.S.
So, who owns Chrysler now? With all the ownership changes over its history, it can get confusing.
Who is the owner of Chrysler?
Over the years, Chrysler has undergone several ownership changes, reflecting the ever-changing nature of the automotive industry. Today, Stellantis N.V. (STLA -0.37%) owns Chrysler. Stellantis is a multinational automotive group formed through the merger of Fiat Chrysler Automobiles (FCA) and the French automaker Groupe PSA.
NYSE: STLA
Key Data Points
Stellantis was established in January 2021, resulting from the merger between FCA and Groupe PSA. The merger created one of the world's largest and most diversified automotive companies, with a broad portfolio of brands and a solid presence in various markets.
Stellantis N.V. is a publicly traded company listed on the New York Stock Exchange, the Euronext Paris, and the Borsa Italiana in Milan. While Chrysler makes money in the production of vehicles, Stellantis has its hands in all things automotive, from technology that powers electric cars to auto parts. The share structure at Sellantis works as follows.
Shareholder
Individuals
John Elkann: As the chairman of Stellantis and CEO of Exor N.V., John Elkann holds substantial influence within the company. He manages the Agnelli family's stake through Exor. Exor, the investment company controlled by the Agnelli family, holds a 14.2% economic interest and 23.2% of the voting rights in Stellantis.
Robert Peugeot: Representing the Peugeot family, Robert Peugeot holds a significant stake and plays a crucial role in the governance of Stellantis. The Peugeot family, through their investment company Peugeot 1810, owns a 7.44% stake in Stellantis, translating to substantial voting influence.
Institutional Investors
Bpifrance Participations: The French state investment bank holds a 6.39% stake in Stellantis, ensuring significant influence from the French government.
Peugeot 1810: The investment vehicle for the Peugeot family, holding a 7.44% stake, thus maintaining their historical influence over the company.
Vanguard Group: One of the largest asset management companies globally, Vanguard Group owns approximately 2.78% of Stellantis, reflecting significant investment through various index funds and ETFs.
BlackRock (BLK -0.41%): Another leading global asset manager, BlackRock, holds around 2.5% of Stellantis, underscoring its influence through widespread investments across its managed funds.
Board of directors
Stellantis' board of directors includes leaders from both FCA and Groupe PSA. Key members include:
NAME | ROLE | SHAREHOLDER % | BOARD TENURE | PROFILE | NOTABLE
CONTRIBUTIONS |
|---|---|---|---|---|---|
John Elkann | Chairman | 14.2% (through Exor) | Since January 2021 | CEO of Exor N.V. | Led Fiat's acquisition of Chrysler;
oversaw creation of Stellantis |
Carlos Tavares | CEO | Not specified | Since January 2021 | Former CEO of Groupe PSA | Spearheaded the merger between FCA
and PSA to form Stellantis |
Robert Peugeot | Board member | 7.44% (through Peugeot 1810) | Since January 2021 | Represents Peugeot family interests | Maintains historical influence over
the company |
Henri de Castries | Lead Independent director | Not specified | Since January 2021 | Former CEO of AXA | Expertise in insurance and finance |
Fiona Clare Cicconi | Non-executive director | Not specified | Since January 2021 | Chief People Officer at Google | Extensive experience in global HR
management |
Nicolas Dufourcq | Non-executive director | Not specified | Since January 2021 | CEO of Bpifrance | Led creation of Wanadoo, former CFO
of Capgemini |
Ann Frances Godbehere | Non-executive director | Not specified | Since January 2021 | Former CFO of Swiss Re | Extensive experience in finance and
insurance |
How to invest in Chrysler
Investing in Chrysler is effectively done by investing in Stellantis N.V., the parent company. Here’s a step-by-step guide:
Step 1: Open a brokerage account
Choose a reliable brokerage and open an account to buy stock in Stellantis. that offers access to international markets and open an account. You can buy shares through the New York Stock Exchange. If your brokerage provides access to international markets, you could also buy shares through Euronext Paris or Borsa Italiana.
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Step 2: Decide your budget
Determine the amount of capital you are willing to invest in Stellantis. Consider your risk tolerance and investment goals before making your budget.
Step 3: Do your research
Analyze Stellantis' financial statements, market position, and industry trends. Understanding the macroeconomic factors affecting the automotive industry will help in making an informed decision.
Step 4: Place an order
Once your brokerage account is set up and you have completed your research, place an order to buy Stellantis shares by entering the ticker STLA. You can also invest through exchange-traded funds (ETFs) that include Stellantis as part of their holdings.
