Chrysler Group, LLC was purchased by Fiat North America on Jan. 21, 2014. Fiat North America, which is a subsidiary of Italian automaker Fiat, bought the remaining stake from the United Auto Workers' employee medical benefit retirement trust.
The buyout set the total value of Chrysler at $10.37 billion. Before completing the acquisition, Fiat had to purchase the stakes held by Canadian and U.S. governments. Chrysler was involved in a Chapter 11 bankruptcy reorganization in 2009, in which Fiat obtained minority ownership and corporate control of the company. As of 2014, Chrysler remains headquartered in Auburn Hills, Michigan. Other than the Chrysler brand, Chrysler Group LLC also sells vehicles under the Dodge, Jeep and Ram brands.