Fiat
Fiat S.p.A. is an automobile manufacturer, financial and industrial group based in Turin, Northern Italy. The name is the acronym of Fabbrica Italiana Automobili Torino (Italian Car Factory of Turin), founded by Giovanni Agnelli in 1899. His grandson Gianni Agnelli was Fiat chairman from 1966 until his death on January 24, 2003, when he was succeeded by his brother Umberto Agnelli. 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. History and activitiesThe 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 built the famous Lingotto car factory, opened in 1923. Fiat was to make military machinery and vehicles during World War II for the Italian Army and Air Force. Fiat made fighter aircraft, which was one of the most common Italian aircraft used along with the Savoia-Marchetti, and also made light tanks and armored vehicles. These machinery were weak compared to some of the German and Soviet machinery, but were still used often. Fiat corporation, starting from the late 1960s, has bought (or gained control of) a wide range of companies, including:
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.
Fiat supports the Fondazione Giovanni Agnelli, an important foundation for social and economic research. Palazzo Grassi, a famous ancient building in Venice, now a museum and formerly supported by Fiat, was eventually sold to the Venice casino in January 2005. The group is present in many countries, not only in the West. Notably, it was one of the first companies to built factories in soviet controlled countries, with the best known examples in Vladivostok, Kyiv and Togliattigrad. Being AutoVAZ (Lada), (most notably for the Lada Riva). Fiat also has a subsidiary in Poland at Tychy,(formerly called FSM) where Fiat's small cars (the 126, Cinquecento and now Seicento) are made. Fiat has factories in Brazil, Turkey, China and India, where local variants of Fiats are produced as well as the world car, the Palio. Fiat models imported into the USA were so infamous for poor reliability that the acronym FIAT was said to stand for "Fix it again, Tony". After Fiat ceased importing cars into the United States, however, they continued to be imported into Canada, as did Soviet versions of Fiat models. Fiat Car ModelsFiat Dino 1967 Fiat 1500 convertible 1965 Fiat X1/9 1979 Fiat 2000 spider 1982
European Car of the Year AwardsFiat cars have won the European Car of the Year Award 8 times
Fiat AcronymsFiat's history of cheap cars has left a negative image in many countries, especially Germany, where Fiat cars are considered unreliable and badly built. Among the most common "humorous" acronyms:
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Among the most common "humorous" acronyms:. Founded April 1, 1950. Fiat's history of cheap cars has left a negative image in many countries, especially Germany, where Fiat cars are considered unreliable and badly built. It is one of the Mitsubishi companies. Fiat cars have won the European Car of the Year Award 8 times. The Mitsubishi Corporation (MC, 三菱商事) is Japan's largest trading company (sogo shosha). After Fiat ceased importing cars into the United States, however, they continued to be imported into Canada, as did Soviet versions of Fiat models. Fiat models imported into the USA were so infamous for poor reliability that the acronym FIAT was said to stand for "Fix it again, Tony". Fiat has factories in Brazil, Turkey, China and India, where local variants of Fiats are produced as well as the world car, the Palio. Fiat also has a subsidiary in Poland at Tychy,(formerly called FSM) where Fiat's small cars (the 126, Cinquecento and now Seicento) are made. Being AutoVAZ (Lada), (most notably for the Lada Riva). Notably, it was one of the first companies to built factories in soviet controlled countries, with the best known examples in Vladivostok, Kyiv and Togliattigrad. The group is present in many countries, not only in the West. Palazzo Grassi, a famous ancient building in Venice, now a museum and formerly supported by Fiat, was eventually sold to the Venice casino in January 2005. Fiat supports the Fondazione Giovanni Agnelli, an important foundation for social and economic research. Fiat assembly plants are among the most automated and advanced in the world. In the 1970s and 1980s, the company became a pioneer in the use of industrial robotics for the assembly of motor vehicles. Fiat corporation, starting from the late 1960s, has bought (or gained control of) a wide range of companies, including:. These machinery were weak compared to some of the German and Soviet machinery, but were still used often. Fiat made fighter aircraft, which was one of the most common Italian aircraft used along with the Savoia-Marchetti, and also made light tanks and armored vehicles. Fiat was to make military machinery and vehicles during World War II for the Italian Army and Air Force. Fiat built the famous Lingotto car factory, opened in 1923. 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. It is Italy's largest industrial concern. 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. The group's activities were initially focused on the industrial production of cars, industrial and agricultural vehicles. . Sergio Marchionne was named to replace him on June 1, 2004. At this point, CEO Giuseppe Morchio immediately offered his resignation. 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. His grandson Gianni Agnelli was Fiat chairman from 1966 until his death on January 24, 2003, when he was succeeded by his brother Umberto Agnelli. The name is the acronym of Fabbrica Italiana Automobili Torino (Italian Car Factory of Turin), founded by Giovanni Agnelli in 1899. is an automobile manufacturer, financial and industrial group based in Turin, Northern Italy. Fiat S.p.A. Failure In Automotive Technology. Fehler In Allen Teilen (Mistakes in every part). Für Italien Ausreichende Technik (Technology sufficient for Italy). Fix It Again Tomorrow. Fix It Again, Tony. 2004: Fiat Panda (New). 1996: Fiat Brava/Bravo. 1995: Fiat Punto. 1989: Fiat Tipo. 1984: Fiat Uno. 1972: Fiat 127. 1970: Fiat 128. 1967: Fiat 124. X1/9. Uno. Ulysse. Topolino. Tipo. Tempra. Stilo. Siena. Seicento. Ritmo/Strada. Regata. Punto. Premio. Panda (also New Panda). Palio. Multipla. Marea. Idea. Duna (designed in Brazil). Ducato. Doblò. Dino. Croma. Coupé. Cinquecento. Bravo. Brava. Bianchina. Barchetta. Albea. 1100. 600. 500. 131. 130. 128. 127. 126. 125. Other activities include industrial securitisation (Consorzio Sirio), treasury (Fiat Geva), Fiat Information & Communication Services. Other services Fiat Gesco, KeyG Consulting, Sadi Customs Services, Easy Drive, RM Risk Management and Servizio Titoli are minor companies that work for public services, delivering services in economics and financial fields. Leisure The group owns the Sestrieres skiing facilities (being this village on Alps a creation of Agnelli family). Information technology - Fiat is present in IT fields and in communications with ICT - Information & Communication Technology, Espin, Global Value, TeleClient, Atlanet. 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. 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. A specialised advertising space reseller is Publikompass, supported by the Consorzio Fiat Media Center. Some national and local newspapers are owned or otherwise controlled by the different companies. Publishing - notably, Fiat group also owns important editorial brands, like La Stampa (created in 1926 for the famous newspaper), Itedi, Italiana Edizioni. Steelmaking and metallurgy - Fiat owns Teksid and produces machines for the industry (also for car factories) with Comau (now Comau Systems), which bought the American Pico, Renault Automation and Sciaky. 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. Military vehicles, see Ariete. Aviation - aircraft and related components were produce by FiatAvio (now Avio, an independent company), which also controls EVL, a space industry. Buses - produced with the Fiat, Iveco or Irisbus names. Construction vehicles, produced by Fiat-Hitachi Construction and New Holland Construction. Agricultural vehicles - Fiat group also owns CNH Global, New Holland and the Canadian Flexy-Coils. Fiat also owns some brands of industrial vehicles including OM and Iveco. Car companies - the long list includes well known firms like Ferrari, Lancia, Autobianchi (already bought by Lancia), Alfa Romeo, Maserati and Innocenti. |