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Fabbrica Italiana Automobili Torino abbreviated as (F.I.A.T.) S.p.A. is an Italian automobile organization that offers the latest range luxury Cars, automobiles, and popular and exqui accessories. It is an international automotive manufacturing organization that was started on 11 July 1899 by the joint endeavors of a group of investors and an Italian entrepreneur “Giovanni Agnelli” in Turin in northern Italy. It initially manufactured military vehicles, Railway engines and carriages, farm tractors, and aircraft.
Over the years, the organization expanded its boundaries by acquiring various automobile manufacturing organizations namely, Lancia, Ferrari, ALFA Romeo, Maserati and so on. Fiat S.p.A. is engaged in the manufacturing, developing and marketing of Automobiles, commercial vehicles, automotive spare parts, production systems and many others. Abarth, Alfa Romeo, Dodge, Fiat, Fiat Professional, Trucks, Jeep, Ferrari, Lancia, Maserati, Chrysler, Ram and Street and Racing Technology (SRT) are the various automobile brands being offered by the organization.
It is a joint stock organization which is owned and operated by its shareholders. The organization operates various manufacturing units in several locations around the world and serves as the parent company of the Fiat Group. It additionally has factories in Argentina, Poland and Mexico. FIAT S.p.A. was a family owned business till 1966. As per the organization's claims, it had a production output of over 4.2 million automobiles in the year 2012. FIAT S.p.A. is a largest automotive organization throughout the world since 1910 and initially focused on the production of industrial cars, industrial and agricultural vehicles. With the passage of time, FIAT S.p.A. Group has introduced itself in an extensive range of sectors in industry and financial services. The organization has significant global operations, as it has been operating in nearly 61 Asian, African, the Middle East, American, European and Australian countries with 1,063 companies that has a workforce of nearly 223,000 employees.
Magneti Marelli S.p.A., Fiat Group Automobiles S.p.A. (FGA), Fiat Automoveis, S.A., Itedi-Italiana Edizioni S.p.A. FGA Capital S.p.A., Ferrari S.p.A., Maserati S.p.A., Chrysler Group LLC, Teksid S.p.A. And Comau S.p.A. are the principal subsidiaries of the FIAT S.p.A. On January 21, 2014, the organization announced that it will merged with its wholly owned subsidiary "Chrysler Group LLC" to form "Fiat Chrysler Automobiles NV" which has been incorporated in the Netherlands. The headquarters of the organization is situated in Turin, Italy but, as per the organizational information the headquarters of the newly formed Fiat Chrysler Automobiles NV will be moved to London shortly. As per the stated data, the organization had a Revenue of 83.957 billion Euro's. FIAT S.p.A. has been trading on the Borsa Italiana, an Italian Stock Exchange under the remarkable symbol "F". The organization has been rated as the seventh largest automobile manufacturing organization around the world.