Which Italian automobile manufacturer gained majority control of U.S. automobile manufacturer Chrysler in 2011?
Explanation
Fiat gained majority control of US automobile manufacturer Chrysler in 2011 as part of a strategic alliance following Chrysler's bankruptcy. This partnership allowed Fiat to expand its presence in the lucrative US market while providing Chrysler with access to Fiat's fuel-efficient technology and global distribution network. By taking majority control, Fiat aimed to leverage the strengths and synergies of both companies, benefitting from increased economies of scale and shared research and development efforts in order to compete more effectively in the global automotive industry.