• FIAT is the largest automotive manufacturer in Italy and specializes in designing engines. It has factories throughout the world, and its Brazilian branch is currently the largest. FIAT is both an acronym for "Fabbrica Italiana Automobili Torino" (Italian Automobile Factory of Turin), as well as the Latin word meaning, "let there be." The company also has financial and industrial branches, and is involved in everything from publishing to mechanical manufacturing.

  On June 7, 2009, opponents of the proposed sale of Chrysler to Fiat filed papers with The U.S. Supreme Court in an attempt to have the deal blocked.FOX News: Supreme Court Asked to Block Chrysler Sale to Fiat

• Fast Facts

  1. Stock symbol: F (BIT)
  2. Annual revenue (2007): 58.529 billion euros
  3. Founder: Giovannia Agnelli
  4. Year established: 1899
  5. Industry: Automobiles
  6. Phone: +39-011-00-61111
  7. HQ: Turin, Italy
  8. CEO: Sergio Marchionne
  9. Staff (as of 2006): 172,012

• Partnership With Chrysler

  The Associated Press reported on April 29, 2009, that Italian auto manufacturer FIAT is close to signing a partnership deal with struggling U.S. auto company Chrysler, and that the deal may be signed as soon as April 30. A source involved in the partnership deal says that FIAT will take a 25 to 35 percent stake in the company in exchange for its small-car and engine technology, valued between $8 and $10 million.Associated Press: Fiat to sign Chrysler partnership deal (April 29, 2009)

• GM Acquisition?

  On May 3, 2009, FIAT representatives confirmed that the company was in talks to acquire General Motors' European operations. The Italian automaker was reportedly considering combining GM Europe, its pending interests in Chrysler and Fiat Group Automobiles into a new automobile company.Washington Post: Fiat eyes new company with GM Europe, Chrysler (May 3, 2009)

• Key Dates

  1. 1899: Founded and led by Giovanni Agnelli, in conjunction with several unnamed investors
  2. 1903: Produces its first truck
  3. 1908: First exports to the United States, and builds its first aircraft engine
  4. 1910: Becomes the largest automotive company in Italy
  5. 1925: Controls 87% of the Italian car market
  6. 1945: Agnelli family removed from leadership due to its ties to Mussolini
  7. 1963: Gianni Agnelli regains family control of company

• Related Mahalo Pages

  Ferrari | Lamborghini | Alfa Romeo | Lancia | Abarth | Chrysler | General Motors

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