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Fiat Overview:
Fiat S.p.A. is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in Turin, Northern Italy. It was founded in 1899 by a group of investors including Giovanni. Fiats branded cars are constructed all around the world; in Italy, Poland, Brazil and Argentina. Joint Venture productions in France, Turkey, Egypt), South Africa, India and China.Agnellisgrandson Gianni Agnelli was Fiat chairman from 1966 until his death on January 24, 2003. However, from 1996, he only served as an "honorary" chairman, while the chairman was Cesare Romiti. After their removal, Paolo Fresco served as chairman and Paolo Cantarella as CEO. Umberto Agnelli then took over as chairman from 2002 to 2004. After Umberto Agnellisdeath on May 28, 2004, Luca Cordero di Montezemolo was named chairman, but Agnelli heir John Elkann became vice chairman at age 28 and other family members are on the board. At this point, CEO Giuseppe Morchio immediately offered his resignation. Sergio Marchionne was named to replace him on June 1, 2004.

Other Fiat details:
Fiat Group is the largest automobile manufacturer in Italy, with a range of cars including the Fiat Panda, Punto, Stilo, Idea, Croma, Ulysse and Doblo. 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.