Fiat SpA, is sometimes written in capital into the FIAT is an acronym for Fabbrica Italiana Automobili Torino, is an automotive company, machinery, financial services originating from Italy, with headquarters in the city of Turin.
Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. Fiat also produces combat vehicles and aircraft. In 2009, Fiat (not included with Chrysler) is the largest car company to-9 in the world, as well as the largest car company in Italy.
Fiat to produce cars in the world, they are the largest factory outside Italy is in Brazil, where their sales are the highest there is. Fiat also has factories in Argentina and Poland. In addition, Fiat also makes the company’s joint venture in Italy, France, Turkey, India, Pakistan, China, Serbia, and Russia.
In addition to overseeing the Fiat car division, Fiat Group also oversees the Scuderia Ferrari F1 team, soccer club Juventus FC, and lastly they also acquired another Italian car manufacturer, Maserati.
Grandson of Giovanni Agnelli, Gianni Agnelli, the Fiat chairman from 1966 to 1996; later he served as a distinguished leader from 1996 until his death on January 24, 2003, when Cesare Romiti became president director. After the term ends, Paolo Fresco became a director and Paolo Cantarella as CEO.
Umberto Agnelli became president in 2002-2004. After Umberto died on May 28, 2004, Luca Cordero di Montezemolo replace him, Agnelli heir John Elkann to become vice president at the age of 28 years still. Sergio Marchionne was appointed CEO dated June 1, 2004.
In September 2010, the shareholders of Fiat make plans to separate some parts of the Fiat business. Agricultural and construction equipment company CNH Global NV, Iveco trucking companies, and marine and industrial equipment division of Fiat Powertrain Technologies is separated from this group to form a new group on January 1, 2011. Its parent company, Fiat Industrial SpA, listed on the Milan Stock Exchange on January 3, 2011.