| who owns fiat and what other companies do they own |
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Melody
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who owns fiat and what other companies do they own
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beert394
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Harry Fiat, also owns Fiat is World of Lard, Skegness.
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Starnr
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Fiat Group, or Fiat S.p.A., best known for Fiat cars, is an Italian automobile manufacturer, engine manufacturer, financial & industrial group based in Turin, Northern Italy. Founded in 1899 by a group of investors including Giovanni Agnelli, the company name is an acronym for Fabbrica Italiana Automobili Torino (Italian Car Factory of Turin), & it also means ''let there be'' in Latin. Fiat was also an aircraft manufacturer at one time.
Fiat cars r constructed all around the world; in Italy, Poland, Brazil & Argentina. Joint Venture productions in France, Turkey, Egypt South Africa, India & China.
Agnelli is grandson Gianni Agnelli was 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 Romiti. After their removal, Paolo Fresco served as chairman & Paolo Cantarella as CEO. Umberto Agnelli then took over as chairman from 2002 to 2004. After Umberto Agnelli is death on May 28, 2004, Luca Cordero di Montezemolo was named chairman, but Agnelli heir John Elkann became vice chairman at age 28 & other family members r on the board. At this point, CEO Giuseppe Morchio immediately offered his resignation. Sergio Marchionne was named to replace him on June 1, 2004. The group is activities were initially focused on the industrial production of cars, industrial & agricultural vehicles. Over time it has diversified into many other fields, & the group now has activities in a wide range of sectors in industry & financial services. It is Italy is 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 r outside Italy.
Agricultural & construction equipment
.Fiat group owns CNH Global (which includes Case Construction, Case IH, Flexi-Coil, Kobelco, New Holland, New Holland Construction, & Steyr); & 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. & Komatsu. CNH accounts for 20.9% of revenues.3 CNH is the most prized company inside Fiat because it has driven growth & is very profitable. It also shows great promise for growth in third-world markets.4
Commercial vehicles
Commercial vehicles (Iveco & Seddon Atkinson), buses (Iveco & Irisbus) & firefighting vehicles (Camiva, Iveco & Magirus). For information on their military vehicles, see Ariete.
List of Fiat commercial products:
* Fiat Ducato Bus
Motorcycles & aeronautics
In 1959, Piaggio came under the control of the Agnelli family. Resultantly, as the wider ownership of Fiat in Italian industry, in the 1964 the two divisions (aeronautical & motorcycle) split to become two independent companies; the aeronautical division was named IAM Rinaldo Piaggio. Today the airplane-company Piaggio Aero is controlled by the family of Piero Ferrari, who also still holds 10% of the carmaker Ferrari.
Vespa thrived, until 1992 when Giovanni Alberto Agnelli became CEO - but Agnelli was already suffering from cancer, & 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 & Ansaldo. Most famous were Fiat biplane fighter aircraft of the 1930s, Fiat CR.32 & Fiat CR.42. Other notable designs were fighters CR.20, G.50, G.55 & a bomber Fiat BR.20. In 1950s it designed G.91 light ground attack plane. Then, in 1969 an aerospace division of Fiat merged with Aerfer to create Aeritalia.
Components
The major Italian component maker Magneti Marelli is owned by Fiat, & in turn owns the other brands Carello, Automotive Lighting, Siem, Cofap, Jaeger, Solex, Veglia Borletti, Vitaloni & Weber; other accessory brands include Riv-Skf & Brazilian Cofap.
Metallurgical products
Fiat owns a metal company, Teksid.
Production systems
Production systems r made mainly through Comau S.p.A. (now Comau Systems), which bought the American Pico, Renault Automation & Sciaky & produces industrial automation systems. In the 1970s & 1980s, the company became a pioneer in the use of industrial robotics for the assembly of motor vehicles. Fiat assembly plants r among the most automated & advanced in the world.
Services
An important insurance company, Toro Assicurazioni, allows Fiat to control a relevant part of this market (also with minor companies like Lloyd Italico, Augusta Assicurazioni) & to interact with some associated banks. Toro Assicurazioni was acquired by the giant insurance company Assicurazioni Generali & now is not related to the Fiat Group anymore.
Construction
Ingest Facility & Fiat Engineering work in various fields of construction, while IP l is a mediation company that also deals with the management of real estate properties.
Information technology
Fiat is present in IT fields & in communications with ICT - Information & Communication Technology, Espin, Global Value, TeleClient, & Atlanet.
Leisure
The group owns the Sestriere skiing facilities (being this village on Alps a creation of Agnelli family). The Sestriere skiing facilities has been sold by the group in 2006.
Publishing & communication
Fiat group also owns important editorial brands, like La Stampa (created in 1926 for the famous newspaper), Itedi, & Italiana Edizioni. Some national & local newspapers r owned or otherwise controlled by the different companies. A specialised advertising space reseller is Publikompass, supported by the Consorzio Fiat Media Center.
Other activities
Fiat Gesco, KeyG Consulting, Sadi Customs Services, Easy Drive, RM Risk Management & Servizio Titoli r minor companies that work for public services, delivering services in economics & 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 & economic research. Palazzo Grassi, a famous ancient building in Venice, now a museum & formerly supported by Fiat, was eventually sold to the Venice casino in January 2005.
Fiat has recently begun sponsoring the Jamaican bobsledding team & promoting this sponsorship through commercials. Many like Jamaican athletes because they see them as underdogs & as people who enjoy life. While Volvo sponsors golf, Mercedes tennis, & Hyundai soccer, Fiat is trying to look unique & more light-hearted. Further, the team is relatively cheap to sponsor.5
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, Kyiv & Togliattigrad. The Russian government later continued the joint venture under the name AutoVAZ (known as Lada outside the former USSR). The venture was most notable for the Lada Riva. Fiat also has a subsidiary in Poland at Tychy, (formerly called FSM) where Fiat is small cars (the 126, Cinquecento & now Seicento) r made. Fiat also has factories in Argentina, Brazil, & Italy. In addition, its cars r produced through licensing & joint-venture agreements in China, Egypt, France, India, South Africa, Turkey, & Vietnam.6 Local variants of Fiats r 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 r the only markets where u can expect growth.''7 And it is true that Fiat is 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), & thus require much less money to develop.
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zof943
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Coach
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As others haev already said FIAT was set up by the agnelli family is is a public company in Italy.
it owns other car companies such as Ferrari, Maserati its a part owner of IVECO a commercial truck / van company it has fingers in many industrial and commercial companies in Italy and world wide
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Kim
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in the uk most r owned by arnold clarke l think
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Lostyo
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Fiat owns Fiat, General motors had a 20% stake until recently but they sold it, Fiat is a publicly quoted company on the Italian stock exchange. Fiat wholely own Ferrari, Alfa Romeo, Maserati, Lancia and Vespa.
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Bobyer
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Fiat pretty much owns itself, albeit for their huge debts.
They are part of the group which includes Alfa Romeo, Ferrari and Lancia .
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Kickshaw
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Agnelli Family. And they also own part of Ac Milan.
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