History of the FIAT Car Company

FIAT Logo
FIAT Logo

Stellantis Italia (FIAT S.p.A.), sometimes capitalized as FIAT which stands for Fabbrica Italiana Automobili Torino, is an Italian automotive, machinery, financial services company 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. As of 2009, Fiat (excluding Chrysler) is the 9th largest auto company in the world, as well as the largest auto company in Italy.

Fiat manufactures its cars all over the world, their largest factory outside Italy is in Brazil, where indeed their sales there are the highest. Fiat also has factories in Argentina and Poland. In addition, Fiat has also created joint venture companies in Italy, France, Turkey, India, Pakistan, China, Serbia and Russia.

In addition to overseeing the Fiat car division, the FIAT Group also oversees the F1 team Scuderia Ferrari, the football club Juventus FC, and lastly they also acquired another Italian car manufacturer, Maserati.

Giovanni Agnelli's grandson, Gianni Agnelli, was president of Fiat from 1966 to 1996; then he served as a respected leader from 1996 until his death on January 24, 2003, when Cesare Romiti became its president director. After his tenure ended, Paolo Fresco became director and Paolo Cantarella as CEO.

Umberto Agnelli was president director from 2002-2004. After Umberto's death on 28 May 2004, Luca Cordero di Montezemolo succeeded him, with Agnelli's heir John Elkann becoming vice president at the age of 28. Sergio Marchionne was appointed CEO on June 1, 2004.

In September 2010, Fiat's shareholders made plans to separate several parts of Fiat's business. Agricultural and construction equipment company CNH Global NV, trucking company Iveco, and the marine and industrial equipment division of Fiat Powertrain Technologies were separated from the group to form a new group on January 1, 2011. Its parent company, Fiat Industrial S.p.A., was listed on the Italian Stock Exchange in January 3, 2011.

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