Andy, Windsor, Colo.

Chrysler Group LLC is still a separate company based in Auburn Hills, Mich., not a subsidiary of Italy-based Fiat, and it is still considered a domestic manufacturer — for now.

Fiat gained control of Chrysler in 2009 as part of Chrysler's government-managed bankruptcy and currently owns a 58% stake. Fiat CEO Sergio Marchionne also is Chrysler's CEO, so the Italian company is clearly in charge. Fiat plans to eventually own all of Chrysler either through a public stock offering or by buying the 42% share held by a United Autoworkers Union health care trust.


Once that happens, Chrysler's headquarters could move to Italy or another country, and then it would no longer be considered a domestic manufacturer.

Though Chrysler is certainly U.S.-centric, it is a global company that sells vehicles in more than 100 countries. In addition to producing vehicles in the U.S., Chrysler also has plants in Canada, Mexico, Egypt and Venezuela.

Your next question might be, "Where do the profits go?" Some stay here, and some go to Fiat (which is losing money) and elsewhere. The same is true for Ford and General Motors. Both are profitable in the U.S., but some of their profits support money-losing operations in Europe.

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Answered by Rick Popely on April 22, 2013 in Chrysler , Dodge , I'm Just Wondering , Jeep | Permalink

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