Fiat S.p.A. History
Fiat has control a number one role in the automotive business. From the instant they 1st appeared on the market, Fiat product, these days move well beyond cars are extensively developed and recognized worldwide. The Fiat Company was based in 1899 by Giovanni Agnelli and by 1910 it absolutely was the biggest company in Italy. The corporate began producing cars and engine elements for the automotive business terribly early within the twentieth century. It Headquartered in Turin, Italy.
Between 1899 and therefore begin of World War 2 in 1939 the corporate made concerning forty five completely different models, principally cars. The Fiat 600 was made from 1955 to 1969 with over 2.5 million being created. The Nuova five hundred was another in style automobile 1st made within the 1950s with over 3.4 million created between 1957 and 1975. Between 1946 and 1990 Fiat made nearly a hundred thirty new vehicles. In 1966 Fiat happening production of the 124 model manufacturing nearly two million by the time production ceased in 1974. The 125 model was introduced in 1967 and by 1972 simply over 3.6 million had been created.
Fiat S.p.A., one among Europe’s largest corporations is probably best referred to as a manufacturer of cars. The corporate conjointly produces industrial vehicles, construction machinery, thermo mechanics and telecommunications instrumentation, science product, engine elements, railroad stock, tractors, and airplanes. Fiat began to explore new sectors before and when WWI, turning into active in public transportation lines, in electricity, the steel industry and therefore railways. A subsidiary was established in Russia and Fiat Lubrificanti was based.
In its 1st 20 years, Fiat made solely 2 sorts of automobile the fundamental, restricted choices model and therefore the deluxe model. In 1947, inspired by the wonderful sales achieved by the vehicle 1100, Fiat determined to supply a variety of by-product industrial vehicles. Over the years, Fiat has non inheritable various alternative automakers it acquired Lancia in 1968, became a shareowner of Ferrari in 1969, took management of Alfa Romeo from the Italian government in 1986, acquired Maserati in 1993, and have become the total owner of Chrysler cluster LLC in 2014.
Fiat-brand cars are built in many locations round the world. Outside Italy, the biggest country of production is Brazil, wherever the Fiat brand is that the market leader. The group conjointly has factories in Argentina, Poland and Mexico and a protracted history of licensing manufacture of its product in alternative countries. It conjointly has various alliances and joint ventures round the world, the most ones being situated in Serbia, France, Turkey, India and China.
On twenty nine January 2014, it was declared that Fiat S.p.A. was to be incorporating brand new Netherlands-based company Fiat Chrysler cars NV (FCA), happened before the tip of 2014. Fiat Chrysler cars became the new owner of Fiat Group. On first August 2014, Fiat S.p.A. received necessary share owner approval to proceed with the merger (which followed board approval). The merger became effective 12 Oct 2014.
Fiat S.p.A. Company Official Website: http://www.fiatspa.com/
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