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Fiat
Fiat S.p.A. (also known as the FIAT Group) (NYSE: FIA) is an automobile manufacturer, financial and industrial group based in Turin, Northern Italy. more...
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The name is an acronym for Fabbrica Italiana Automobili Torino (Italian Car Factory of Turin), founded by a group of investors--Giovanni Agnelli among them--in 1899. His 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. After his removal as leader, Paolo Fresco served as CEO and Paolo Cantarella as chairman. 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.
Fiat corporation, starting from the late 1960s, has bought (or gained control of) a wide range of companies, including:
- Car companies are run by Fiat Auto and Ferrari. Fiat Auto runs well known firms like Lancia, Autobianchi (already bought by Lancia), Alfa Romeo, Fiat, Innocenti, and Citroën (sold shortly afterward in 1976). Fiat also owns some brands of industrial vehicles including OM and Iveco. Ferrari and Maserati are owned by the Fiat Group, but both are run by Ferrari. Light automobile sales accounted for 46.8% of total revenues during fiscal 2004 (3.2% of which is from Ferrari).2
- Agricultural and construction vehicles - Fiat group also owns CNH Global (which includes: Case Construction, Case IH, Flexi-Coil, Kobelco, New Holland, New Holland Construction, and Steyr); and Fiat-Hitachi Construction. CNH is the second largest agricultural equipment manufacturer in the world after Deere & Company. It is also the third largest producer of construction equipment after Caterpillar Inc. and Komatsu. CNH accounts for 20.9% of revenues.3 CNH is the most prized company inside Fiat because it has driven growth and is very profitable. It also shows great promise for growth in third-world markets.4
- Buses - produced with the Fiat, Iveco or Irisbus names.
- Aviation - aircraft and related components were produce by FiatAvio (now Avio, an independent company), which also controls EVL, a space industry.
- Military vehicles, see Ariete
- Vehicle components - the major Italian component maker Magneti-Marelli is owned by Fiat, and in turn owns the other brands Carello, Automotive Lighting, Siem, Cofap, Jaeger, Solex, Veglia Borletti, Vitaloni and Weber; other accessory brands include Riv-Skf and Brazilian Cofap.
- Steelmaking and metallurgy - Fiat owns a metal company, Teksid, and produces machines for the industry (also for car factories) through Comau (now Comau Systems), which bought the American Pico, Renault Automation and Sciaky.
- Publishing - notably, Fiat group also owns important editorial brands, like La Stampa (created in 1926 for the famous newspaper), Itedi, and Italiana Edizioni. Some national and local newspapers are owned or otherwise controlled by the different companies. A specialised advertising space reseller is Publikompass, supported by the Consorzio Fiat Media Center.
- Financial services - An important insurance company, Toro Assicurazioni, allows Fiat to control a relevant part of this market (also with minor companies like Lloyd Italico, Augusta Assicurazioni) and to interact with some associated banks.
- Construction - Ingest Facility and Fiat Engineering work in various fields of construction, while IPI is a mediation company that also deals with the management of real estate properties.
- Information technology - Fiat is present in IT fields and in communications with ICT - Information & Communication Technology, Espin, Global Value, TeleClient, and Atlanet.
- Leisure The group owns the Sestriere skiing facilities (being this village on Alps a creation of Agnelli family).
In the 1970s and 1980s, the company became a pioneer in the use of industrial robotics for the assembly of motor vehicles. Fiat assembly plants are among the most automated and advanced in the world.
Read more at Wikipedia.org
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 |  |  | 1969-78 Fiat Chilton's Manual $4.90 |  |
 | Fiat 124 Spider Spec Sheet/Brochure/Cat alog: 1974,. $8.99 |  |
 |  |  | Fiat Safe Motoring Hints 12th Edition $9.00 |  |
 | Fiat 124 Sport 1967-1974 Haynes Workshop Owners Manual $4.99 |  |
 |  |  | 1960 Fiat Abarth Original Vintage Ad Buy 5+= Free Ship $7.99 |  |
 | 1985 1986 Bertone X1/9 X19 - Original Vintage Ad - $4.95 |  |
 |  |  | 1976 Fiat 131 Sedan Coupe & Wagon Owners Owner's Manual $25.00 |  |
 | 1966-69 Fiat 124A 124Af service manual Autobook $5.00 |  |
 |  |  | Fiat 124 Spider 1975-1982 Repair Manual on Cd $13.97 |  |
 | 1950 Fiat 500 C Literature $15.00 |  |
 |  |  | Autobooks Fiat 131 Owners Workshop Manual $5.00 |  |
 | Fiat Bertone Chilton Shop Manual X1/9 124 128 131 Brava $10.00 |  |
 |  |  | Fiat 124 Haynes Repair Manual 1966-1975 196* 197* $24.99 |  |
 | 1985 Bertone X1/9 X19 * Original Vintage Ad * + Book $4.79 |  |
 |  |  | 1933-1936 Fiat Balilla 508 S Coppa D'Or Car Card Fiche $3.97 |  |
 | Fiat Spider Coupe Turbo 2000 Workshop Manual 1971 -84 $24.92 |  |
 |  |  | 1975 1976 1977 1978 Fiat 124 Spider Repair Shop Manual $49.00 |  |
 | Fiat Coupe Workshop Manual on Cd $13.97 |  |
 |  |  | 1964 65 Fiat Convertible Sexy Lady Original Vintage Ad $5.99 |  |
 | 1975 Fiat Specs & Data Manual Original Spider Book! $29.99 |  |
 |  |  | 1978 Fiat Original Vintage Ad $5.99 |  |
 | 1976 Fiat 128 Sedan & Wagon 1300 Owners Manual 76 Nice $19.95 |  |
 |  |  | Fiat Strada Haynes Repair Manual 1979-1980 198* 197* $19.99 |  |
 | 1972 Fiat Ferrari Original Old Ad Buy 5+= Free Ship $5.99 |  |
 |  |  | Fiat X1/9 Sales Literature, Color Folder $9.99 |  |
 | "Chilton'S Fiat 2 (1970-73) Repair Guide", 1st Edition $14.99 |  |
 |  |  | Fiat X1/9 Haynes Repair Manual New 74-80 owner book $15.00 |  |
 | Fiat 131,Brava 1975-80 Repair Manual $2.69 |  |
 |  |  | Fiat X 19, X 1/9 Repair Haynes manual 1974 to 1979 $23.74 |  |
 | 1976 Fiat 128 Owners Manual $14.99 |  |
 |  |  | Fiat 850 Coupe/Spider/Sedan Workshop Manual on Cd $13.97 |  |
 | Fiat 124 coupe Spider Haynes Repair Manual New 68-78 $15.00 |  |
 |  |  | 1975-77 75 76 77 Fiat 131 Shop service repair manual $9.99 |  |
 | Fiat Dino Spec Sheet/Brochure/Pam phlet/Catalog:1969, . $9.99 |  |
 |  |  | 1979 Fiat Spider 2000 Original Vintage Ad $5.99 |  |
 | Fiat Chilton's Repair & Tune-up Guide Used $1.99 |  |
 |  |  | Fiat 131 Brava workshop repair manual 1.8 2.0 L liter $2.99 |  |
 | 1981 Fiat Brava Spider Strada Paint Chips $9.95 |  |
 |  |  | 1964 Fiat 1100D 1100 D Original Old Ad Cmy Store 4 More $5.99 |  |
 | 1969 Fiat Dino 2400 Photos Facts Specs Imp Brochure $8.79 |  |
 |  |  | 1979 Fiat X1/9 Advertisement, Vintage Ad $1.99 |  |
 | Fiat Auto History Mini-Brochure:Tipo ,Abarth,124,X1/9,8V $6.99 |  |
 |  |  | 1982 Fiat Lancia 124 Spider Strada Zagato Paint Chips $9.95 |  |
 | 1977 Fiat 128 3P tru-way frame dimension page $2.99 |  |
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Prices current as of last update, 09/02/10 1:30pm.
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