Why is chrysler an llc

And now the automaker headquartered in Auburn Hills, MI, is getting yet another new name. That's a lot of letters, but they make a lot of sense, too: FCA stands for Fiat Chrysler Automobiles, the US telling us this is the company's American division and the LLC tells us it's a limited liability company — a legal classification similar to but not quite the same as a corporation. The announcement comes shortly after the company decided to phase out its long-serving Pentastar logo.

The sum total is that the once-independent industrial giant is now formally part of a larger European parent company, owned by Fiat and for taxation purposes, anyway based in the Netherlands. The name change is effective immediately and follows the naming convention of its global parent company, Fiat Chrysler Automobiles N.

Additionally, the Company remains proud of its joint heritage. Chrysler in as well as a rich Fiat heritage that dates from FCA family of companies. The company also distributes the Alfa Romeo 4C model and Mopar products. Chrysler in ; and Fiat, founded in Italy in by pioneering entrepreneurs, including Giovanni Agnelli.

FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. View More. Thank You Thanks for subscribing. Check your in-box to get started. Today's Top Stories. This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.

Advertisement - Continue Reading Below. More From News. Play Live Radio. Next Up:. Available On Air Stations. All Streams. Michigan Radio By Tracy Samilton. Facebook Twitter LinkedIn Email. Fiat Chrysler. Fiat Chrysler Automobiles is changing the name of its American division.