The Fiat Group is the largest industrial enterprise in Italy and one of the founders of the European motor industry. Right from the outset, the company had a strong propensity for international expansion and innovation.
Fiat is an automotive-focused industrial Group and designs and manufactures automobiles, trucks, wheel loaders, excavators, telehandlers, tractors and combine harvesters.
Fiat carries out its industrial and financial services activities through companies located in 50 countries and commercial relationships with customers in over 190 countries.
The Numbers (at 31 December 2007):
- 178 plants
- 114 Research and Development centres
- 660 companies
- 185,227 employees
- 2,233,800 passenger and light commercial vehicles sold
In 2007, Fiat Group achieved revenues of nearly €59 billion, trading profit of €3.2 billion and net profit of €2.1 million. Capital expenditure for the Group’s industrial businesses totalled €3.7 billion for the year.
Performance (2007 vs. 2006):
- Revenues +12.9%
- Trading Profit +65.7%
- Net Profit +78.5%
Fiat Group eliminated its net industrial debt in 2007, closing the year with a net cash position of €0.4 billion.