This Market Business News information article provides detailed information on Fiat SpA.
Fiat SpA focuses on the production of automobiles, commercial vehicles, vehicle parts, journalism, as well as production systems.
Fiat SpA shares are traded on the Borsa Italiana, listed as ‘F’.
In 1899 a group of investors founded the company Fiat and it quickly became the biggest car country in Italy. The first car that the company produced after WWII was the Fiat 500 ‘Topolino’, which the company continue to produce until 1955. During its history the company has built railway engines, tractors, aircraft, and automobiles.
Since its creation, Fiat has acquired the following automakers:
- Alfa Romeo
- Chrysler Group LLC
- CEO: Sergio Marchionne
- Chairman: John Elkann
- Industry: Automotive
- Type: Società per azioni
- Revenue: €86.82 billion EUR (2013)
- Profit: €1.951 million EUR (2013)
- 2013 sales growth: 3.4%
- Listed on the Borsa Italiana (BIT)
- BIT stock symbol: F
- Founder: Giovanni Agnelli
- Founded: 1899
- Company head office: Via Nizza 250, Turin, Italy
- Production plants: 159
- R&D facilities: 78
- Employees: 225,587 (2013)
- Company subsidiaries: Ferrari, Maserati, Abarth, Alfa Romeo, Fiat, Fiat Professional, Lancia, Chrysler, Dodge, Jeep, Ram Trucks, Mopar, SRT, Magneti Marelli, Comau, La Stampa.
|Key figures (in € million except for share data)||2013||2012|
|Cost of sales||€74,570||€71,701|
|Selling, general and administrative costs||€6,689||€6,763|
|Research and development costs||€2,231||€1,850|
|Profit/(loss) before taxes||€1,008||€1,519|
|Total assets (Dec 31)||€86,774||€82,106|
|Cash and cash equivalents at end of year||€19,439||€17,657|
|Earnings per share – basic (EUR)||€0.744||€0.036|
|Earnings per share – diluted (EUR)||€0.736||€0.036|
Source: “Fiat SpA 2013 Annual Report”
It was announced on 29 January 2014, that Fiat SpA will be merged into a new Netherlands-based holding company called Fiat Chrysler Automobiles NV (FCA). The merger is expected to be completed before the end of 2014.