company_name = Fiat S.p.A.
company_type = Public (ISE|IT0001976403|F)
July 11, 1899in Turin, Italy
location = flagicon|Italy
Sergio Marchionne(CEO) Luca Cordero di Montezemolo(Chairman) John Elkann(Vice Chairman)
industry = Automotive, publishing, finance and metallurgy
Autos, Trucks, vehicular equipmentand financial services
num_employees = 200,701 (2008)http://uk.reuters.com/business/quotes/companyProfile?symbol=FIA.MI&refresh=true]
revenue = profit €58.529 billion (2007)
net_income = profit €2.054 billion (2007)Cite web|url=http://www.fiatgroup.com/en-us/shai/banns/budgets/Documents/annual_report_071231.pdf|title=Annual Report|accessdate=2008-03-13|date=December 31, 2007|work=fiatgroup.com]
subsid = Automobiles:
"Fiat Group Automobiles S.p.A."
- "Abarth & C. S.p.A."
Alfa Romeo Automobiles S.p.A."
- "Fiat Automobiles S.p.A."
- "Fiat Light Commercial Vehicles S.p.A."
Lancia Automobiles S.p.A."
- "Fiat Powertrain Technologies S.p.A."
- "Magneti Marelli Holding S.p.A."
- "Teksid S.p.A."
- "Comau S.p.A."
- "Itedi S.p.A."
homepage = [http://www.fiatgroup.com FiatGroup.com]
Fiat S.p.A. (an
acronymfor "Fabbrica Italiana Automobili Torino" (Italian Automobile Factory of Turin) is an Italian automobile manufacturer, engine manufacturer, financialand industrial group based in Turinin Northern Italy. Founded in 1899 by a group of investors including Giovanni Agnelli. Fiat has also manufactured tanksand aircraft.
Fiat based cars are constructed all around the world—the largest concern outside Italy is in
Brazil(best seller [ [http://www.autoblog.it/post/9027/fiat-n1-in-brasile-a-maggio Fiat n.1 in Brasile (a maggio)] "autoblog.it" and [http://es.autoblog.com/2007/06/29/ventas-mayo-2007-brasil/ Ventas Mayo 2007: Brasil] "es.autoblog.com". Retrieved on 2007- 11-23] ). It also has factories in Argentinaand Poland. Fiat has a long history of licensing its products to other countries regardless of local political or cultural persuasion. Joint venture operations are found in France, Turkey, Egypt(with the state owned Nasr car company), South Africa, Indiaand China.
Gianni Agnelliwas Fiat chairman from 1966 until his death on January 24, 2003. However, from 1996, he only served as an "honorary" chairman, while the chairman was Cesare Romiti. After their removal, Paolo Frescoserved as chairman and Paolo Cantarellaas CEO. Umberto Agnellithen took over as chairman from 2002 to 2004. After Umberto Agnelli's death on May 28, 2004, Luca Cordero di Montezemolowas named chairman, but Agnelli heir John Elkannbecame vice chairman at age 28 and other family members are on the board. At this point, CEO Giuseppe Morchioimmediately offered his resignation. Sergio Marchionnewas named to replace him on June 1, 2004.
The 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 Group is the largest automobile manufacturer in Italy, with a range of cars starting from small Fiats to sports cars made by Ferrari. Car companies includes Fiat Group Automobiles S.p.A, Ferrari S.p.A., Iveco S.p.A. and Maserati S.p.A. The Fiat Group Automobiles S.p.A. consist companies: Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Fiat Automobiles S.p.A., Fiat Professional and Lancia Automobiles S.p.A.. Ferrari S.p.A. is owned by the Fiat Group, but is run autonomously.
car maker Chrysleris said to be in talks with Fiat. [http://www.forbes.com/markets/2008/08/14/chrysler-fiat-tieup-markets-equity-cx_je_0814markets23.html?partner=autos_newsletter]
European Car of the Yearaward, Europe's premier automotive trophyfor the past 40 years, has been awarded twelve times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500has won the award for European Car of the Year 2008.Cite web|url=http://www.guardian.co.uk/feedarticle?id=7080306|title=Fiat Cinquecento named Car of the Year -magazine|accessdate=2007-11-15|work=guardian.co.uk]
List of Fiat Group models which have won European Car of the Year:
Alfa Romeo 156
Alfa Romeo 147
* 2004: Fiat Panda
* 2008: Fiat 500
Agricultural and construction equipment
Fiat Group owns
CNH Global(which includes Case Construction, Case IH, Flexi-Coil, Kobelco, New Holland, New Holland Construction, and Steyr); and Fiat-Hitachi Construction. CNH is the second largest agricultural equipment manufacturer in the world after Deere & Company. It is also the third largest producer of construction equipment after Caterpillar Inc.and Komatsu. CNH accounts for around 20% of revenues.Cite web|url=http://www.bloomberg.com/apps/news?pid=20601085&sid=aD5mCM6wwh88&refer=europe|title=Fiat Quarterly Profit Rises 26% on Car, Tractor Sales|accessdate=2008-03-13|work=bloomberg.com] CNH is the most prized company inside Fiat because it has driven growth and is very profitable. It also shows great promise for growth in third-world markets.Fact|date=April 2008
Commercial vehicles (
Ivecoand Seddon Atkinson), buses ( Ivecoand Irisbus) and firefighting vehicles (Camiva, Ivecoand Magirus). For information on their military vehicles, see Ariete.
17 April 2007"Fiat Veicoli Commerciali" was rebranded as " Fiat Professional".Cite web|url=http://www.fiatgroupautomobilespress.com/index.php?l=2&group=4&method=news&action=zoom&id=20070417101055d7bc1d27084c359690eaf26134295b2d|title=“Fiat Professional” is the new brand name for Fiat Light Commercial Vehicles|accessdate=2008-03-09|work=fiatgroupautomobilespress.com]
Some of Fiat's Light Commercial Vehicle products include;
Fiat Ducato, Fiat Scudoand Fiat DoblòCargo. See Fiat Professionalfor more details on Fiat's Light Commercial Vehicle Products.
Motorcycles and aeronautics
Piaggiocame under the control of the Agnelli family. Resultantly, in 1964 the aeronautical and motorcycle divisions split to become independent companies; the aeronautical division was named IAM Rinaldo Piaggio. Today the airplane company Piaggio Aero is controlled by the family of Piero Ferrari, which also still hold 10% of the carmaker Ferrari. Vespathrived until 1992, when Giovanni Alberto Agnelli became CEO — but Agnelli was already suffering from cancer, and died in 1997. In 1999, Morgan Grenfell Private Equity acquired Piaggio
Fiat itself was an important aircraft manufacturer, focused mainly on military aviation. After the
World War I, Fiat consolidated several Italian small aircraft manufacturers, like Pomilio and Ansaldo. Most famous were Fiat biplane fighter aircraftof the 1930s, Fiat CR.32and Fiat CR.42. Other notable designs were fighters CR.20, G.50, G.55 and a bomber, the Fiat BR.20. In 1950s, the company designed the G.91 light ground attack plane. Then, in 1969 Fiat Aviazione merged with Aerferto create Aeritalia.
The major Italian component maker
Magneti Marelliis 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.
Fiat owns a metal company,
Production systems are made mainly through Comau S.p.A. (now Comau Systems), which bought the American Pico, Renault Automation and Sciaky and produces industrial automation systems. 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.
An important insurance company, Toro Assicurazioni, allows Fiat to control a relevant part of this market (also with minor companies like Lloyd Italico and Augusta Assicurazioni) and to interact with some associated banks. Toro Assicurazioni was acquired by the giant insurance company
Assicurazioni Generaliand now is not related to the Fiat Group anymore.
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.
Fiat Group is present in IT fields and in communications with ICT — Information & Communication Technology, Espin, Global Value, TeleClient, and Atlanet.
The Fiat group owned the
Sestriereskiing facilities (The village in the Alpsis a creation of Agnelli family). The Sestriereskiing facilities was sold by the group in 2006.
Publishing and communication
Fiat group also owns important editorial brands, like
La Stampa(created in 1926 for the famous newspaper), Itedi, and Italiana Edizioni. Some national and local newspapers are owned or otherwise controlled by the different companies. A specialised advertising space reseller is Publikompass, supported by the Consorzio Fiat Media Center.
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. Other activities include industrial securitisation (Consorzio Sirio), treasury (Fiat Geva), Fiat Information & Communication Services.
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 french businessman François Pinaultin January 2005.
Fiat has recently begun sponsoring the Jamaican bobsledding team and promoting this sponsorship through commercials. Many like Jamaican athletes because they see them as underdogs and as people who enjoy life. While Volvo sponsors golf, Mercedes tennis, and Hyundai soccer, Fiat is trying to look unique and more light-hearted. Further, the team is relatively cheap to sponsor.Cite web|url=http://www.lastampa.it/torino2006/cmsSezioni/newsinenglish/200602articoli/2439girata.asp|title=Bobsled Jamaican athletes playing ”biliardino”, or table mini soccer|accessdate=2008-03-11|work=lastampa.it]
The group is present in many countries, not only in the West. Notably, it was one of the first companies to build factories in Soviet-controlled countries, with the best known examples in
Vladivostok, Kyivand Togliatti. The Russian government later continued the joint venture under the name AutoVAZ(known as Ladaoutside the former USSR). The venture was most notable for the Lada Riva. Fiat also has a subsidiary in Polandat Tychy, (formerly called FSM) where Fiat's small cars (the 126, Cinquecento and now Seicento) are made. Fiat also has factories in Argentina, Brazil, and Italy. In addition, its cars are produced through licensing and joint-ventureagreements in China, Egypt, France, India, South Africa, Turkey, and Vietnam.Cite web|url=http://query.nytimes.com/gst/fullpage.html?res=9d03e0d7123df931a2575ac0a96f958260&st=cse&sq=Fresco+Bring+Good&scp=2|title=Bringing Good Things to Fiat?|accessdate=2008-03-11|year=1999|author=JOHN TAGLIABUE|work=query.nytimes.com] Local variants of Fiats are produced at these factories as well as a world car, the Palio. As of 2005, the company holds the first position in the Brazilian automobile market with a market share close to 25%.
Fiat has articulated that it wishes to focus on expanding into third-world markets because, in the words of former chairman Paolo Fresco, "those are the only markets where you can expect growth. And it is true that Fiat's specialization in smaller cars puts it at an advantage in those markets, but cars sold in third-world countries tend to be much simpler than those sold elsewhere (e.g., most lack air conditioning), and thus require much less money to develop.
Giovanni Agnelli founded Fiat in 1899 with several investors and led the company until his death in 1945, while
Vittorio Vallettaadministered the day-to-day activities of the company. Its first car the 3 ½ CV (of which only eight copies were built, all bodied by Alessio of Turin) [Georgano, G. N. "Cars: Early and Vintage, 1886-1930". (London: Grange-Universal, 1990), p.24 cap.] strongly resembled contemporary Benz, [Georgano, p.24 cap.] and had a convert|697|cc|cuin|abbr=on boxer twin engine. [Georgano, p.24 cap.] In 1903, Fiat produced its first truck.Cite web|url=http://www.drive.com.au/Editorial/ArticleDetail.aspx?ArticleID=463|title=Fiat centenary something to crow over|accessdate=2008-03-09|author=Bob Jennings|work=drive.com.au] In 1908, the first Fiat was exported to the US. That same year, the first Fiat aircraft engine was produced. Also around the same time, Fiat taxis became somewhat popular in Europe.Cite web|url=http://www.allaboutitaly.com/jumpNews.asp?idCannel=1981&idUser=0&idNews=23615|title=Fiat, a joint-stock company that soon become famous|accessdate=2008-01-25|work=allaboutitaly.com] By 1910, Fiat was the largest automotive company in Italy — a position it has retained since. That same year, a plant licensed to produce Fiats in Poughkeepsie, NY, made its first car. This was before the introduction of Ford's assembly line in 1913. Owning a Fiat at that time was a sign of distinction. A Fiat sold in the U.S. cost between $3,600 and $8,600, compared to US$825 the Model T in 1908.Fact|date=April 2008
Upon the entry of the US into
World War Iin 1917, the factory was shut down as US regulations became too burdensome. At the same time, Fiat had to devote all of its factories to supplying the Allies with aircraft, engines, machine guns, trucks, and ambulances. After the war, Fiat introduced its first tractor, the 702.Cite web|url=http://www.themanufacturer.com/us/profile/4183/Case_New_Holland?PHPSESSID=c88bc|title=Case New Holland, Family history|accessdate=2008-03-12|work=themanufacturer.com] By the early 1920s, Fiat had a market share in Italy of 80%.Cite web|url=http://www.britannica.com/eb/article-9034166/Fiat-SpA|title=Fiat SpA|accessdate=2008-03-12|work=britannica.com]
In 1921, workers seized Fiat's plants and hoisted the red flag of communism over them. Agnelli responded by quitting the company. However, the
Italian Socialist Partyand its ally organization, the General Confederation of Labor, in an effort to effect a compromise with the centrist parties ordered the occupation ended. In 1922, Fiat began to build the famous Lingottocar factory — the largest in Europe up to that time — which opened in 1923. It was the first Fiat factory to use assembly lines; by 1925, Fiat controlled 87% of the Italian car market. [Georgano, p.151] In 1928, with the 509, Fiat included insurance in the purchase price. [Georgano, p.8]
Fiat made military machinery and vehicles during
World War IIfor the Army and " Regia Aeronautica" and later for the Germans. Fiat made obsolete fighter aircraft like the biplane CR.42, which was one of the most common Italian aircraft, along with Savoia-Marchettis, as well as light tanks (obsolete compared to their German and Soviet counterparts) and armored vehicles. The best Fiat aircraft was the G.55 fighter, which arrived too late and in too limited numbers. In 1945 — the year Mussolini was overthrown — the Italian Committee of National Liberationremoved the Agnelli family from leadership roles in Fiat because of its ties to Mussolini's government. These were not returned until 1963, when Giovanni's grandson, Gianni , took over as general manager until 1966, as chairman until 1996.
Among the younger Agnelli's first steps after gaining control of Fiat was a massive reorganization of the company management, which had previously been highly centralized, with almost no provision for the delegation of authority and decision-making power. Such a system had worked effectively enough in the past but lacked the responsiveness and flexibility made necessary by Fiat's steady expansion and the growth of its international operations in the 1960s. The company was reorganized on a product-line basis, with two main product groups — one for passenger cars, the other for trucks and tractors — and a number of semi-independent division and subsidiaries. Top management, freed from responsibility for day-by-day operations of the company, was able to devote its efforts to more far-reaching goals. In 1967, Fiat made its first acquisition when it purchased
Autobianchi; with sales amounting to $1.7 billion, it outstripped Volkswagen, its main European competitor, and in 1968 produced some 1,750,000 vehicles while its sales volume climbed to $2.1 billion. According to "Newsweek" in 1968, Fiat was "the most dynamic automaker in Europe... [and] may come closest to challenging the worldwide supremacy of Detroit." Then, in 1969, it purchased controlling interests in Ferrari and Lancia. At the time, Fiat was a conglomerate, owning Alitalia, toll highways, a typewriter and office machine manufacturer, electronics and electrical equipment firms, a paint company, a civil engineering firm, and an international construction company. Following up on an agreement Valletta had made with Soviet officials in 1966, Agnelli constructed the AvtoVAZplant in the new city of Togliattigradon the Volga. This began operation in 1970, producing a local version of the Fiat 124as the Lada. On his initiative, Fiat automobile and truck plants were also constructed in industrial centers of Yugoslavia, Poland, Bulgaria, and Romania. In 1979, the company became a holding company when it spun off its various businesses into autonomous companies, one of them being Fiat Auto. That same year, sales reached an all-time high in the United States, corresponding to the Iranian Oil Crisis. However, when gas prices fell again after 1981, Americans began purchasing sport utility vehicles, minivans, and pickup trucks in larger numbers (marking a departure from their past preference for large cars). Also, Japanese automakers had been taking an ever-larger share of the car market, increasing at more than half a percent a year. Consequently, in 1984, Fiat and Lancia withdrew from the USmarket. In 1989, it did the same in the Australian market, although it remained in New Zealand.
In 1986, Fiat acquired Alfa Romeo from the Italian government. In 1992, two top corporate officials in the Fiat Group were arrested for political corruption.Cite web|url=http://query.nytimes.com/gst/fullpage.html?res=9F0CE2DF1630F93AA25757C0A965958260|title= Corruption at Fiat Is Admitted by Chairman|accessdate=2008-03-12|date=April 19, 1993|author=ALAN COWELL|work=query.nytimes.com/gst] A year later, Fiat acquired Maserati. In 1995 Alfa Romeo exited the US market. Maserati re-entered the US market under Fiat in 2002. Since then, Maserati sales there have been increasing briskly.
Paolo Fresco became chairman of Fiat in 1998 with the hope that the veteran of
General Electricwould bring more emphasis on shareholder value to Fiat. By the time he took power, Fiat's market share in Italy had fallen to 41%Fact|date=April 2008 from around 62% in 1984.Fact|date=April 2008 However, a Jack Welch-like management style would be much harsher than that used by the Italians (e.g., precarious versus lifetime employment). Instead, Fresco focused on offering more incentives for good performance, including compensation using stock options for top and middle management.
However, his efforts were frustrated by union objections. Unions insisted that pay raises be set by length of tenure, rather than performance. Another conflict was over his preference for informality (the founder, Giovanni Agnelli, used to be a cavalry officer). He often referred to other managers by their first name, although company tradition obliged one to refer to others using their titles (e.g., "Chairman Fresco"). The CEO of the company, Managing Director Paolo Cantarella, ran the day-to-day affairs of the company, while Fresco determined company strategy and especially acted as a negotiator for the company. In fact, many speculated the main reason he was chosen for the job was to sell Fiat Auto (although Fresco fervently denied it).Fact|date=April 2008 In 1999, Fiat formed CNH Global by merging New Holland NV and Case Corporation.
Over time, most automotive companies around the world have become holding companies of foreign as well as domestic competitors. For example, General Motors owned a
controlling interestin Saab Automobileand, until recently, in Isuzu. Fresco signed a joint-venture agreement in 2000 under which GM acquired a stake in Fiat. This made it appear as if Fiat was next, although GM has made joint ventures with other companies (such as Toyota) without acquiring them. Nevertheless, Fiat did not see the GM partnership as a threat, rather as an opportunity to off-load its automotive business. The agreement with GM included a put option, which held that Fiat would have the right to sell GM its auto division after four years at fair market value. If GM balked, it would be forced to pay a penalty of $2 billion. When Fiat tried to sell GM the company, GM chose the penalty. On May 13, 2005GM and Fiat officially dissolved their agreement, and Fiat is now courting Ford.Cite web|url=http://www.economist.com/business/displaystory.cfm?story_id=E1_VNGPQTS|title=Sergio Marchionne, Fiat's turnaround man|accessdate=2008-04-13|year=Dec 1st 2005 |work=economist.com] The current CEO views alliances such as these as the deciding factor of the future success of Fiat.
As part of the recent divestitures, in 2003 Fiat shed its insurance sector, which it was operating through Toro Assicurazioni to the DeAgostini Group. In the same year, Fiat sold its aviation business, FiatAvio to Avio Holding. In February 2004, the company sold its interest in Fiat Engineering, as well as its stake in Edison.
Fiat faces a multitude of threats, including rising steel prices (up by 16-30% beginning of 2008),Cite web|url=http://moneytoday.digitaltoday.in/content_mail.php?option=com_content&name=print&id=3192|title=Ride the steel cycle|accessdate=2008-04-13|date=April 3, 2008|work=moneytoday.digitaltoday.in] a strong Euro, and increased competition from Japanese and Korean car manufacturers in Europe. Although the light-vehicle market share of Japanese and Korean automakers in Europe is less than in the US (12.5% and 3.9%, respectively versus 30% and 3.9% in the US), it has been increasing steadily at about a half a percent a year.Fact|date=April 2008Fiat has drawn criticism within
New Zealandfor an advert they ran in Italy, which a New Zealand Ministry of Foreign Affairs and Tradespokesman described as "culturally insensitive and inappropriate". The advert showed women performing the hakabeside the new Fiat car and crowd noise is in the background to simulate the atmosphere in an All Blacks rugby unionmatch. As the haka is finished a woman drives away in the Fiat car and a boy in the back of the car pokes out his tongue, which is the action used to finish the haka.
Sergio Marchionne has begun to impress investors since taking over as CEO in June, 2004. Losses have fallen steadily since 2002, and Q4 of FY2005 saw its first profit in 17 quarters, and had a profit of 196M Euros for the first 9 months of FY2006.Cite web|url=http://sec.edgar-online.com/2006/06/30/0000950123-06-008493/Section5.asp|title=20-F SEC Filing, filed by FIAT S P A on 6/30/2006.|accessdate=2008-04-05|work=sec.edgar-online.com] Mr. Marchionne has succeeded more than Fresco in taking an axe to Fiat's bloated managerial bureaucracy and changing its tone to a focus on markets and profits. (Marchionne was raised in Canada by Italian parents.) While the charismatic chairman, the well-connected Luca di Montezemolo, dealt with politicians and unions, Marchionne rebuilt the car business. The success of the Grande Punto model has in large part been responsible for the turnaround in Fiat's fortunes, but the quite successful Bravo (successor to the Stilo) and the new award winning 500 have really cemented it. Fiat has formed a joint venture with India's TATA motors and China's Chery motors, and has started its second innings with a force. Under Marchionne it has also re-entered several large markets that it had exited years before, such as Mexico and Australia. Marchionne has recently confirmed that Fiat plans to return to the United States market by 2010 with the new 500.Cite web|url=http://www.businessweek.com/lifestyle/content/jun2008/bw2008066_668185.htm?chan=search|title=Fiat to Return to the U.S.|accessdate=2008-07-14|work=businessweek.com]
Enterprises outside of Italy
Fiat was a key player in developing motor industries for a number of countries from the 1950s, particularly in
Eastern Europe, Spain, Egypt, Ethiopiaand Turkey. The AutoVAZstate works Ladaproducts in Tolyatti (Togliatti), Russia, were Fiat based, as were SEAT products of Spain. Lada now is controlled by Renault, and SEAT by Volkswagen. A small number of Fiats were also constructed in Bulgaria.
Its first enterprise came in 1955, when it agreed a deal with Yugoslav carmaker
Zastavato assemble Fiats for Eastern Europe. The first cars to be produced by Zastava were its versions of the Fiat 1300and Fiat 1400. By 1970, Zastava was producing parts for the newer Fiat 124and Fiat 125models, although these cars were actually assembled in Poland. The Zastava 750, launched in 1962, was Zastava's version of the iconic Fiat 600 minicar. It outlived the car on which it was based, with production not finishing until 1981.
Zastavas were not popular outside of Eastern Europe before the 1980s, although they were exported to the
USunder the Yugo brand as long ago as 1973.
The most famous product launched by Zastava is the
Zastava 101, a front-wheel drive car based on the Fiat 128, also available as a hatchbackversion never sold in Italy. Despite numerous bad press about build quality and reliability, it sold well in Yugoslavia thanks largely to its low asking price, cheap maintenance costs and simple mechanical design.
With the demise of the aged
Zastava 750in 1981, the minicar gap in the Zastava range was filled by the Zastava Koral, which was best known in Britain and America as the Yugo Tempo. It was based on the 1971 Fiat 127, which was due to be replaced by the Fiat Unoin 1983. It was among the cheapest cars on sale in both countries, and it was well received in its class in Britain, but not so much in the more competitive US market. But hostility towards Yugoslavia in the wake of the 1992 civil unrest saw a swift ceasure of imports to both Britain and America.
The Zastava factory in
Kragujevacwas later bombed, but was rebuilt once the war was over, and production continued at another factory in Kragujevac.
In 1987, Zastava came up with a new car design. The
Zastava Florida- known in other markets as the Yugo Sana- was styled by Giorgetto Giugiaroat the ItalDesignstudio, featured a range of refined Peugeotengines, and was mechanically similar to the forthcoming and highly acclaimed Fiat Tipo. It was sold in Britain from 1988 to 1992, but was withdrawn from sale for a number of reasons — particularly the domestic upheavels in Yugoslavia and the fall in popularity of the whole Yugo range in Britain. Sales continued in its homeland, with an update at the end of the 1990s.
Zastava did not launch another new car for another 16 years. The 2003
Zastava 10model was another Fiat design — this time the second generation Punto. It boasts similar features to the Punto and other cars in its class such as the Volkswagen Polo. It is competitively priced compared to other similar-sized cars, including the Punto on which it is based.
Four years after its launch, the
Zastava 10has not yet been sold outside of the former Yugoslavia.
According to Fiat sources a new memorandum of understanding between Fiat and the Serb ministry of economic and regional development about the acquisition of Zastava's Kragujevac plant foresees a new company being set up in which the Italians would have a 70 percent stake and the Serb government 30 percent. [cite web|title=Fiat signs agreement with Serb govt to acquire Zastava's Kragujevac plant|publisher="CNBC"|url=http://www.cnbc.com/id/24383883/for/cnbc|date=2008-04-30|accessdate=2008-04-30] Several models are to be introduced to the plant once its upgrade is complete, including possibly the Fiat 500 and the new low cost vehicle that Fiat is introducing to compete with Renault's Dacia brand.
Polski Fiat/FSO (Poland)
Fiat automobiles have been made in
Polandsince 1920. In 1932, the Polskie zakłady Inżynieryjne (Polish Engineering Works, PZInż) started the production of Fiat 508, produced until 1939 also as a military vehicle. In 1936 the licence was extended to include the Fiat 518model. In 1965, the Polish communist government signed a deal with Fiatto produce selected Fiat models in Poland at the FSO factory in Warsawthat had been built in 1951. Production of the new car — the Polski Fiat 125p- began in 1967. It was visually identical to the Fiat 125, but it made use of older Fiat mechanicals which dated back to 1960. The car sold very well in its homeland and was soon exported to Western Europe. After 1979, Fiat withdrew control of the FSO factory, and from then on the FSO badge was revived. A year earlier, it had appeared on a new five-door hatchback, the FSO Polonez, that made use of Fiat 125 running gear.
Polski Fiatdesign survived until 1991, by which time almost 1,500,000 had been made in less than 25 years. It was a cheap competitor to similar Eastern European budget cars, and by the time of its demise, many Eastern European carmakers were adopting modern Western style designs in place of the archaic three-box saloons that had barely moved out of the 1960s.
FSO was taken over by
Daewooof South Koreain 1995, by which time the FSO Polonezhad been replaced by the Caro, which was little more than a facelift of the 1978 design with underpinnings dating back to 1960. This car was sold in Western Europe until the end of the 1990s, and production finally finished in 2002.
FSO had become independent again in late 2000, after Daewoo went
bankruptand were saved by General Motors. Despite this, FSO continued to build versions of the Daewoo Matizand Daewoo Lanos. These cars remain in production to this day, although the target of the factory is to focus on the production of the Chevrolet Aveowhich has already been introduced.
The Fabryka Samochodów Małolitrażowych (FSM) in
Bielsko-Białaand Tychystarted the output of the Fiat 126(p) in 1983 and the Cinquecento (see Fiat Cinquecento)in 1991 .
In 1992 90% of stock of FSM (Fiat Auto Poland, since 1993) was purchased by Fiat Auto. since then it produced Cinquecento, Uno, Seicento, Siena and Palio Weekend (see
Fiat Cinquecento, Fiat Uno, Fiat Seicento, Fiat Sienaand Fiat Palio Weekend) models with the capacity up to 200.000 cars a year. In 2003, FSM become the sole producer of Fiat Panda, and in 2007 of new Fiat 500model. The capacity was increased to ca. 280.000 cars a year, and due to new investments in 2006-2007 will reach over half a million in 2008. This will enable Fiat Auto Poland to include a new model of Fordin its prodction. It is worth noting both Panda and 500 were selected European car of the year, respectively in 2004 and 2007. [Fiat Corporate Newletter.]
Other Fiat investment in Poland is a joint Fiat-GM venture of Powertrain, producing multijet (see
JTD engine) car engines both for Fiat and GM models.
AutoVAZ Lada (Soviet Union/Russia)
In 1966, Fiat helped U.S.S.R. state industries build a new car factory (
AvtoVAZ) on the banks of the Volgariver. A planned city called Tolyatti(named after Palmiro Togliatti,an Italian communist) was developed around the factory, which started producing a "people's car" similar to the Volkswagen Beetleand Citroën 2CVof Germany and France. The new Soviet car, called the Lada, however, was a more spacious offering, in four-door saloon and five-door estate variants. Fiat installed British-built machine tools supplied by Herbert-BSA [http://bsamachinetools.com/main.htm] of Birminghamfor the manufacture of many Lada parts. The 124's design was mechanically upgraded to survive treacherous Russian driving conditions and extremely cold winters. Imports to Western Europe, Canada, and other third world countries began, and by the early 1980s, the cars began to sell fairly well thanks largely to their low asking price. This car was upgraded to become the Lada Riva(marketing name in some markets) in 1980.
In 1977 the four-wheel drive
Lada Nivawas introduced which used some proprietary Fiat based components from the car (eg engine and gearbox), but the body and four-wheel drive system were VAZ designs. Off the road there were few vehicles that could match it. The Riva and Niva are still in production today (2008).
In June 2008, Fiat and
Severstal's Sollers JSChave formalised a number of joint ventures announced last year to make and sell Fiat cars and engines in Russia. They will make up to 90,000 diesel engines and up to 50,000 Fiat Linea sedans a year. Production will begin this year (2008).
Pirin-Fiatin Lovech, Bulgaria.
Turkey, the Fiat 124 was produced under licence by Tofaşas the Tofaş Murat. This was replaced by a version of the Fiat 131, known as the Tofaş Şahin. Today the Fiat Linea car is amongst those manufactured by the Fiat-Tofas joint venture in Turkey, and the company has about 10% of the Turkish car market as of 2008.
Spain, SEATwas set up with Fiat assistance, producing Fiat models under its own brand name until 1981, when Fiat withdrew its support. However, production of the Fiat-based models continued, with the final Fiat-based SEAT (the Marbella) not finishing until 1996. By this stage, SEAT had become part of German manufacturer Volkswagenafter several years of ownership by the Spanish government.
South Africa, the Fiat Unowas assembled under licence by Nissan, which marketed it through its dealerships as the Uno, without Fiat branding.
Fiat 131, known as the Holland Car DOCC.
As part of Nasser's regime he made a way to protect the national economy, he ordered EGID (General Intelligence Agent) to establish Nasr. Producing some Fiat models, then is formed with
Turkeynew models now which called Şahin till now El Nasr Product Fiat 128 and Şahin.
Fiat India Automobiles is a joint venture between Fiat and
Tata Motors. It was founded in 1997 and is based in Ranjangaon in the Pune District of Maharashtra. Fiat builds the Palio Stile and Palio Stile Multijet in India.Cite web|url=http://www.fiat-india.com/Fiat_Aboutus/fiat_AboutUs.aspx|title=About Us|accessdate=2008-07-03|work=fiat-india.com]
List of Italian companies
List of automobile manufacturers
Notes and references
* [http://www.fiatgroup.com/ The Fiat Group]
** [http://www.fiat.com/ The Fiat car company]
** [http://www.lcv.fiat.com/ The official Fiat Commercial Vehicles website]
** [http://www.fiat-india.com/ Fiat India]
* [http://biz.yahoo.com/ic/41/41777.html Yahoo! Fiat SpA Company Profile]
* [http://wap.fiat.ch/ Mobile (WAP) site on Fiat cars De icon]
* [http://www.fiat-bg.org/ Bulgarian Fiat cars fan site Bg icon]
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