Trade Fiat with binary options
About Fiat: The Fiat company was created in 1899 by Signore Agnelli with the objective to produce vehicles for the mass population. In 1902, Signore Agnelli took leadership of Fiat, while in 1900, the first factory was opened in Torino. In 1906, the Fiat company took another turn by adopting a global strategy.
Some data about Fiat: The Fiat Group is involved in many areas of activity. The company’s business revenues break down as follows:
– 29.38% from vehicles
– 13.79% from production system components
– 12.72% from agriculture and construction machinery
– 10.77% from trucks and other industrial vehicles
In 2010, the Fiat Group divided into two entities:
Fiat Group Automobiles owns several brands such as Lancia, Alfa Romeo, Maserati and Ferrari. It is part owner of Italian media companies such as Stampa and Le Corriere della sera. In 2010, the group earned $35.9 Billion Euros for a net result of $600 Million Euros.
Fiat Industrial Group owns brands such as Iveco, Irisbus, Astra SpA, and Magirus in trucks and buses. The group also owns the CNH Group, maker of agricultural machinery and construction equipment such as Case, New Holland, Steyr and Kobelco as well as generators and FPT Industrial boat motors. The group earned $21.3 Billion Euros in 2010 for a net result of $378 Million Euros.
A global scale: The Fiat Group is the fourth largest European group and the seventh largest in the world, according to Fortune Magazine’s Global 500 in 2009. The company solidified strategic partnerships in emerging economies such as China and India, and a partnership was also formed in the US, with the purchase of 20% of Chrysler. As of June 2012, the ownership reached 61.8%.
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