Fiat
 |
|
| subsidiary | |
| Industry | Automotive |
| Founded | July 11, 1899 in Turin, Italy |
| Founder | Giovanni Agnelli |
| Headquarters | Turin, Italy |
|
Area served
|
Worldwide |
|
Key people
|
John Elkann (President) Olivier François (CEO) |
| Products | Automobiles |
|
Production output
|
1,455,650 units (2010) |
| Owner | Fiat Chrysler Automobiles |
| Parent | FCA Italy |
| Website | Fiat.com |
Fiat Automobiles S.p.A. (FIAT, Italian: Fabbrica Italiana Automobili Torino, lit. 'Italian Automobiles Factory, Turin'), is the largest automobile manufacturer in Italy, a subsidiary of FCA Italy S.p.A. which is part of Fiat Chrysler Automobiles. Fiat Automobiles S.p.A. was formed in January 2007 when Fiat reorganized its automobile business, and traces its history back to 1899 when the first Fiat automobile was produced.
Fiat's main market is Europe, mainly focused in Italy. Historically successful in citycars and supermini sector, currently Fiat has a range of models focused on those two segments (in 2011, those accounted for the 84% of its sales). Fiat does not currently offer any large family car, nor an executive car - these market segments have, to some extent been covered by the Lancia and Alfa Romeo brands, which Fiat also owns.
Fiat's share of the European market shrank from 9.4 per cent in 2000 to 5.8 per cent in the summer of 2004. At this point Sergio Marchionne was appointed as Fiat's chief executive. By March 2009 their market share had expanded to 9.1 per cent.
Fiat's built their five-story Lingotto plant in 1915 through 1918, at the time it was Europe's largest car manufacturing plant. Later the Mirafiori plant was built, also in Turin. To prepare for production of the all-new Fiat 128, Fiat opened their Rivalta plant in October 1968. Until the 128 entered production, the plant was used to build sports versions of the 850 and 124 as well as parts for the Fiat Dino.
Fiat's 2014 range of passenger car engines comprised eleven units, eight petrols and three diesels. Their current range of models is the following:
Fiat sales in 2011 were up to 676,704 (less 17.3% versus the previous year):
Light commercial vehicles are sold in Europe under the brand Fiat Professional.
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Wikipedia