Fiat Car

Facts Fiat Automobiles. The Fiat Car is an automotive business, functioning under the name Fiat S.p.A. The business was formerly possessed the Fiat business group, and the Fiat Chrysler Automobiles succeeded it The Fiat automobile group includes several products, such as Maserati, Ferrari, Fiat, the Chrysler Group, Alfa Romeo, and many more. On 29th of January 2014, it was publicized that Fiat S.p.A. was to be combined into an innovative Netherlands-based holding business, the Fiat Chrysler Automobiles NV, which took place earlier than the last part of 2014. This new business became the new proprietor of Fiat Group. On the 1st of August 2014, Fiat received required shareholder endorsement to continue with the amalgamation. The amalgamation came into force on 12th of October 2014.

History of Fiat Automobile

Fiat was established in 1899 by a group of shareholders, as well as Giovanni Agnelli, who was an entrepreneur of Italy. During more than 100-year-long history of the business, Fiat has as well, produced military vehicles, railway engines and carriages, aircraft and farm tractors. During 2013, Fiat, along with Chrysler was the second major automobile manufacturer in Europe by volumes manufactured, and the seventh automobile manufacturer in the world.

Fiat has purchased many other automobile manufacturers over the years. The business purchased Lancia during 1968, became an investor of Ferrari during 1969, assumed the control of Alfa Romeo from the government of Italy during 1986, acquired Maserati during 1993, and became the complete proprietor of Chrysler Group LLC during 2014. Currently, Fiat Group manufactures automobiles under twelve makes, such as Abarth, Chrysler, Alfa Romeo, Ferrari, Dodge, Fiat, Jeep, Fiat Professional, Lancia, Ram Trucks, Maserati and SRT.

During 1970, Fiat hired in excess of 100,000 in Italy when its manufacture attained the highest figure, 1.4 million automobiles, in that nation. As of the year 2002, Fiat has constructed in excess of one million automobiles at six industrial units in Italy and the nation accounted for over 1/3rd of the revenue of the company.

Fiat-make sedans are constructed in a number of locations all over the world. The major country of manufacture outside Italy is Brazil, where the Fiat product is the market innovator. The group as well, has industrial units in Poland, Argentina and Mexico, where Fiat-make automobiles are manufactured in industrial units possessed and controlled by Chrysler for export to the United States, Italy, Brazil, and other automotive markets and a long history of permitting the manufacture of its merchandise in other countries. The business as well, has copious coalitions and joint projects all over the world, the major ones being situated in Serbia, Turkey, France, China and India.

Gianni Agnelli, who was the grandson of Giovanni Agnelli, the founder of Fiat, was the chairman of Fiat from 1966 to 1996. After that, he served as voluntary chairman from 1996 pending his death on the 24th of January 2003, during that time Cesare Romiti functioned as chairman of Fiat. Later Paolo Fresco succeeded Romiti and he served as chairman, and Paolo Cantarella, served as CEO of Fiat. Then, Umberto Agnelli took over the charge as chairman, and he served Fiat from 2003 to 2004. After the death of Umberto Agnelli on 28th of May 2004, the new chairman of Fiat was Luca Cordero di Montezemolo, with John Elkann, the heir of Agnelli, becoming vice chairman at his age of 28 years, and other family affiliates as well working on the board. On the 1st of June 2004, Sergio Marchionne replaced Giuseppe Morchio and served as CEO of Fiat.
All Facts are based on our research, always check lookseek facts in case of any errors. Lookseek is not responsible for any mistakes in this article.