Fiat S.p.A., (Fabbrica Italiana Automobili Torino) (Italian Automobile Factory of Turin), is an Italian automobile manufacturer based in Turin. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. During its more than a 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.
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. 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 main 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. Until their removal, Paolo Fresco served as chairman and Paolo Cantarella as CEO. Umberto Agnelli then took over as chairman from 2003 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.
Other articles related to "fiat":
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... It was able to fit on the available tanks the Fiat L6/40, the Fiat M11/39, and the Fiat M13/40 ...
... On December 16, 2008 Fiat in Italy announced that it will extend its temporary plant closures in Italy by a month the Pomigliano d'Arco, the main plant for its Alfa ... government to stimulate the automotive sector, Fiat said its plant closures would be curtailed ... Fiat's 35% stake in Chrysler would not involve a conventional sale of shares, but would be achieved in return for allowing Chrysler to utilise some of Fiat's fuel ...
... They produced the Fiat Barchetta and the Lancia Kappa Coupé which was designed by Centro Stile Lancia ... Their work has graced many Fiat and Lancia cars like the early Fiat 1100 Viotti Giardiniettas and the Lancia Flaminia Tourers ... The new capacities in the Lancia factory were later used to produce the Fiat Barchetta - at around 50 bodies a day ...
... Fiat is an unincorporated community in Penn Township, Jay County, Indiana ... Located approximately 2 miles (3.2 km) east of Fiat is a round barn ...
Famous quotes containing the word fiat:
“Then for the Style; Majestick and Divine,
It speaks no less than God in every Line:
Commanding words; whose Force is still the same
As the first Fiat that producd our Frame.”
—John Dryden (16311700)