Fiat Group profile
Posted Thursday, Apr 30, 2009, 3:28 pm in Employee News
Fiat SpA, an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin), is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in the Piedmont region of Turin.
Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. The company is Italy’s largest industrial concern. Fiat has produced more than 90 million cars and light commercial vehicles over its 109-year history.
Automobiles
Fiat Group is the largest automobile manufacturer in Italy, with a range of cars starting from small A-segment Fiats to sports cars made by Ferrari. Its car companies include Fiat Group Automobiles SpA, Ferrari SpA, Iveco SpA and Maserati SpA. The Fiat Group Automobiles SpA companies consist of: Abarth & C. SpA, Alfa Romeo Automobiles SpA, Fiat Automobiles SpA, Fiat Professional and Lancia Automobiles SpA. Ferrari SpA is owned by the Fiat Group, but is run autonomously.
The European Car of the Year award, Europe’s premier automotive trophy for the past 40 years, has been awarded 12 times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500 (Cinquencento) has won the award for European Car of the Year 2008.
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 and Company. It is also the third largest producer of construction equipment after Caterpillar Inc. and Komatsu. CNH accounts for around 20 percent of revenues. 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.
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.
Production systems
Production systems are made mainly through Comau Systems, which bought the American Pico, Renault Automation and Sciaky firms 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 said to be among the most automated and advanced.
Sergio Marchionne
Canadian-born Italian national Sergio Marchionne has impressed investors since taking over as CEO in June 2004. Losses have fallen steadily since 2002, and fourth quarter 2005 saw its first profit in 17 quarters. Marchionne has reduced Fiat’s managerial bureaucracy and changed its tone to a focus on markets and profit. 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 award-winning 500 have really cemented it. Fiat also has formed a joint venture with India’s Tata motors and China’s Chery motors. Under Marchionne the company has also re-entered several large markets that it had exited years before, such as Mexico and Australia. Marchionne recently confirmed plans to return Fiat to the United States market by 2010 with the new 500.
Manufacturing
Fiat has manufacturing operations in Italy (five plants), Poland (one plant), Brazil (two plants) and Argentina (one plant). Manufacturing also is performed through either joint ventures or licensing agreements in Italy (three), France (one), Turkey (one), India (one), Russia (one), Serbia (one) and Hungary (one).
Products and technology
Fiat vehicles have the lowest CO2 emissions of any major European brand (137.3 g/Km), and the Fiat 500 is the first car under 3.6m (A-segment) to achieve Euro NCAP 5-star rating.
Additional facts:
Fiat worldwide sales: 2.4 million
Chrysler worldwide sales: 2.0 million
Fiat North America market share: 0.1 percent
Chrysler North America share: 11.3 percent
Fiat South America market share: 19.1 percent
Chrysler South America market share: 0.7 percent
Fiat Europe market share: 7.6 percent
Chrysler Europe market share: 0.5 percent
Fiat distribution: 190 countries
Chrysler distribution: 125 countries
Fiat employees: 185,227 (12/31/07)
Chrysler employees: 54,007 (12/31/08)
Posted Thursday, Apr 30, 2009, 3:28 pm in Employee News
Fiat SpA, an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin), is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in the Piedmont region of Turin.
Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. The company is Italy’s largest industrial concern. Fiat has produced more than 90 million cars and light commercial vehicles over its 109-year history.
Automobiles
Fiat Group is the largest automobile manufacturer in Italy, with a range of cars starting from small A-segment Fiats to sports cars made by Ferrari. Its car companies include Fiat Group Automobiles SpA, Ferrari SpA, Iveco SpA and Maserati SpA. The Fiat Group Automobiles SpA companies consist of: Abarth & C. SpA, Alfa Romeo Automobiles SpA, Fiat Automobiles SpA, Fiat Professional and Lancia Automobiles SpA. Ferrari SpA is owned by the Fiat Group, but is run autonomously.
The European Car of the Year award, Europe’s premier automotive trophy for the past 40 years, has been awarded 12 times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500 (Cinquencento) has won the award for European Car of the Year 2008.
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 and Company. It is also the third largest producer of construction equipment after Caterpillar Inc. and Komatsu. CNH accounts for around 20 percent of revenues. 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.
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.
Production systems
Production systems are made mainly through Comau Systems, which bought the American Pico, Renault Automation and Sciaky firms 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 said to be among the most automated and advanced.
Sergio Marchionne
Canadian-born Italian national Sergio Marchionne has impressed investors since taking over as CEO in June 2004. Losses have fallen steadily since 2002, and fourth quarter 2005 saw its first profit in 17 quarters. Marchionne has reduced Fiat’s managerial bureaucracy and changed its tone to a focus on markets and profit. 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 award-winning 500 have really cemented it. Fiat also has formed a joint venture with India’s Tata motors and China’s Chery motors. Under Marchionne the company has also re-entered several large markets that it had exited years before, such as Mexico and Australia. Marchionne recently confirmed plans to return Fiat to the United States market by 2010 with the new 500.
Manufacturing
Fiat has manufacturing operations in Italy (five plants), Poland (one plant), Brazil (two plants) and Argentina (one plant). Manufacturing also is performed through either joint ventures or licensing agreements in Italy (three), France (one), Turkey (one), India (one), Russia (one), Serbia (one) and Hungary (one).
Products and technology
Fiat vehicles have the lowest CO2 emissions of any major European brand (137.3 g/Km), and the Fiat 500 is the first car under 3.6m (A-segment) to achieve Euro NCAP 5-star rating.
Additional facts:
Fiat worldwide sales: 2.4 million
Chrysler worldwide sales: 2.0 million
Fiat North America market share: 0.1 percent
Chrysler North America share: 11.3 percent
Fiat South America market share: 19.1 percent
Chrysler South America market share: 0.7 percent
Fiat Europe market share: 7.6 percent
Chrysler Europe market share: 0.5 percent
Fiat distribution: 190 countries
Chrysler distribution: 125 countries
Fiat employees: 185,227 (12/31/07)
Chrysler employees: 54,007 (12/31/08)