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Fiat S.p.A. (an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin) is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in Turin in Northern Italy. Founded in 1899 by a group of investors including Giovanni Agnelli. Fiat has also manufactured tanks and aircraft.
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Wikipedia About Fiat
Fiat S.p.A. (an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin) is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in Turin in Northern Italy. Founded in 1899 by a group of investors including Giovanni Agnelli. Fiat has also manufactured tanks and aircraft.
Fiat based cars are constructed all around the world—the largest concern outside Italy is in Brazil (best seller ). It also has factories in Argentina and Poland. Fiat has a long history of licensing its products to other countries regardless of local political or cultural persuasion. Joint venture operations are found in France, Turkey, Egypt (with the state owned Nasr car company), South Africa, India and China.
Agnelli's grandson Gianni Agnelli was Fiat chairman from 1966 until his death on January 24, 2003. However, from 1996, he only served as an "honorary" chairman, while the chairman was Cesare Romiti. After their removal, Paolo Fresco served as chairman and Paolo Cantarella as CEO. Umberto Agnelli then took over as chairman from 2002 to 2004. After Umberto Agnelli's death on May 28, 2004, Luca Cordero di Montezemolo was named chairman, but Agnelli heir John Elkann became vice chairman at age 28 and other family members are on the board. At this point, CEO Giuseppe Morchio immediately offered his resignation. Sergio Marchionne was named to replace him on June 1, 2004.
Activities
The group's activities were initially focused on the industrial production of cars, industrial and agricultural vehicles. Over time it has diversified into many other fields, and the group now has activities in a wide range of sectors in industry and financial services. It is Italy's largest industrial concern. It also has significant worldwide operations, operating in 61 countries with 1,063 companies that employ over 223,000 people, 111,000 of whom are outside Italy.
Automobiles
Main: Fiat Automobiles
Fiat Group is the largest automobile manufacturer in Italy, with a range of cars starting from small Fiats to sports cars made by Ferrari. Car companies includes Fiat Group Automobiles S.p.A, Ferrari S.p.A., Iveco S.p.A. and Maserati S.p.A. The Fiat Group Automobiles S.p.A. consist companies: Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Fiat Automobiles S.p.A., Fiat Professional and Lancia Automobiles S.p.A.. Ferrari S.p.A. is owned by the Fiat Group, but is run autonomously.
