Full Description
Fiat S.p.A. (FIA.MI) (Milan Stock Exchange)
sector: Cyclical Consumer Goods & Services .
industry: Auto & Truck Manufacturers ยท
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Fiat SpA is principally engaged in the manufacture and distribution of automobiles, agricultural and construction equipment, and commercial vehicles, in addition to components for those products. The Company also provides financial services, primarily through joint ventures with international banking groups. Through its subsidiaries, Fiat operates mainly in five business areas: Automobiles, Agricultural and Construction Equipment, Trucks and Commercial Vehicles, Components and Production Systems, and Other Businesses. On March 20, 2008, FPT Powertrain Technologies acquired 100% of Tritec Motors Limitada from Chrysler L.L.C. and subsequently changed its name to FPT Powertrain do Brasil-Industria e Comercio de Motores Ltda. During the year ended December 31, 2008, the Company acquired remaining 0.33% interest in European Engine Alliance.
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