Fiat
Auto industry
| Fiat link () Instagram Twitter | |
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| Formation | 1899 |
| Headquarters | Lingotto, Turin, Piedmont, Italy |
| Leader | Fiat/Chairman |
| Sponsor of | Italian International Affairs Institute |
| The company of the Agnelli family, with tentacles all over Italian society. | |
Fiat Automobiles S.p.A. (Italian: Fabbrica Italiana Automobili Torino) is an Italian automobile manufacturer and industrial group owned by the influential Agnelli family, which has dominated Italian economic and political life for more than a century, including deep politics.
History
Fiat was founded in 1899 by a group of investors, including Giovanni Agnelli (1866-1945). During its more than century-long history, Fiat has also manufactured railway engines and carriages, military vehicles, farm tractors, and aircraft.
In 2014 Fiat merged with Chrysler to Fiat Chrysler Automobiles N.V., often abbreviated as FCA, becoming an Italian-American multinational corporation. The group was established in October 2014 by merging Fiat and Chrysler into a new holding company. Fiat Chrysler Automobiles' corporate headquarters is domiciled in Amsterdam, and the financial headquarters are in London, both for tax purposes. The holding company is listed on the New York Stock Exchange and Milan's Borsa Italiana. Exor N.V., an Italian investment group controlled by the Agnelli family, owns 29.19% of FCA and controls 44.31% through a loyalty voting mechanism
