Fiat automobiles are constructed all around the world - in Italy, Poland, Brazil (best seller) and Argentina. Joint Venture productions in France, Turkey, Egypt (with the state owned Nasr car company), South Africa, India and China.
More Fiat Cars Narrative
The group's activities were initially focused on the industrial production of cars, industrial and agricultural vehicles. Over time it has diversified into many other fields, and the group now has activities in a wide range of sectors in industry and financial services. It is Italy's 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 are outside Italy.
Fiat Group is the largest automobile manufacturer in Italy, with a range of Fiat cars including the Fiat Panda, Punto, Stilo, Idea, Croma, Ulysse and Doblò. Car companies are run by Fiat Group Automobiles S.p.A, Ferrari S.p.A. and Maserati S.p.A.. Today automobile group runs well known firms like Lancia Automobiles S.p.A, Alfa Romeo Automobiles S.p.A, Abarth & C. S.p.A., Fiat Automobiles S.p.A, IVECO S.p.A., and Maserati S.p.A.. Ferrari S.p.A. is owned by the Fiat Group, but is run autonomously. Light automobile sales accounted for 46.8% of total revenues during fiscal 2004 (3.2% of which is from Ferrari).
The European Car of the Year award, Europe's premier automotive trophy for the past 40 years, has been awarded eleven times to the Fiat Group, more than any other manufacturer.
* 1967: Fiat 124 * 1970: Fiat 128 * 1972: Fiat 127 * 1980: Lancia Delta * 1984: Fiat Uno * 1989: Fiat Tipo * 1995: Fiat Punto * 1996: Fiat Bravo/Brava * 1998: Alfa Romeo 156 * 2001: Alfa Romeo 147 * 2004: Fiat Panda
In 1967, Fiat made its first acquisition when it purchased Autobianchi. Then, in 1969, it purchased controlling interests in Ferrari and Lancia. In 1967, Fiat, with sales amounting to $1.7 billion, outstripped Volkswagen , its main European competitor; in 1968 Fiat produced some 1,750,000 Fiat cars while its sales volume climbed to $2.1 billion. In 1984, Fiat and Lancia withdrew from the American market. In 1989, it did the same in the Australian market.
In 1986, Fiat acquired Alfa Romeo from the Italian government. A year later, Fiat acquired Maserati. In 1995 Alfa Romeo exited the US market. Maserati re-entered the US market under Fiat in 2002. Since then, Maserati sales there have been increasing briskly.