Fiat

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Fiat S.p.A.
Type Società per azioni
Industry Automotive, media, financial services, metallurgy
Founded 11 July 1899 in Turin, Italy
Founder(s) Giovanni Agnelli
Headquarters Turin, Italy
Key people John Elkann (Chairman), Sergio Marchionne (CEO)
Products Autos, auto parts, financing, newspaper publishing, ad sales
Production output 2,094,048 units (automobiles and LCVs, 2010)[1]
Revenue 11px €35.88 billion (2010)[1]
Operating income 11px €992 million (2010)[1]
Profit 11px €179 million (2010)[1]
Total assets 11px €73.44 billion (end 2010)[1]
Total equity 11px €12.46 billion (end 2010)[1]
Employees 137,800 (end 2010)[1]
Subsidiaries
Website fiatspa.com

Fiat S.p.A., (Fabbrica Italiana Automobili Torino)[3] (English: Italian Automobile Factory of Turin), is an Italian automobile manufacturer, engine manufacturer, financial, and industrial group based in Turin in the Italian region of Piedmont. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. During its more than century long history, Fiat has also manufactured railway engines and carriages, military vehicles, and aircraft. As of 2009, the Fiat group (not inclusive of its subsidiary Chrysler) was the world's ninth largest carmaker and the largest in Italy.[4]

Fiat-based cars are built around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand is the market leader.[5] The group also has factories in Argentina and Poland and a long history of licensing production of its products in other countries. It also has numerous alliances and joint ventures around the world, the principal ones being located in Italy, France, Turkey, Serbia, India and China.

Agnelli's grandson Gianni Agnelli was Fiat's chairman from 1966 until 1996; he then served as honorary chairman from 1996 until his death on 24 January 2003, during which time Cesare Romiti served as chairman. 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 28 May 2004, Luca Cordero di Montezemolo was named chairman, with Agnelli heir John Elkann becoming vice chairman (at the age of 28), and other family members also serving on the board. At this point, CEO Giuseppe Morchio resigned, and Sergio Marchionne was named to replace him on 1 June 2004.

In September 2010, shareholders approved a plan to split Fiat's capital goods businesses from the group. Agricultural and construction equipment manufacturer CNH Global NV, truck maker Iveco, and the industrial and marine division of Fiat Powertrain Technologies were spun off into a new group on 1 January 2011. The parent company, Fiat Industrial S.p.A., was listed on the Milan stock exchange on 3 January 2011.[6]

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Fiat is the largest vehicle manufacturer in Italy, with cars ranging from small Fiat city cars to sports cars made by Ferrari, and vans and trucks such as the Ducato. Besides Fiat Group Automobiles S.p.A, the Fiat Group automotive companies include Ferrari and Maserati The Fiat Group Automobiles S.p.A. companies include: Abarth, Alfa Romeo, Chrysler, Fiat Automobiles, and Lancia. Ferrari is 90% owned by the Fiat Group.[7]

The European Car of the Year award, Europe's premier automotive trophy for the past 40 years, has been awarded twelve times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500 has won the award for European Car of the Year 2008.[8]

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[edit] List of Fiat models


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