FΙΑΤ is the largest Italian automotive industry and now is a large car group including Ferrari, Iveco, Maserati, Abarth, Alfa Romeo and Lancia. This brand manufactures economy cars, shipped in 61 markets around the world, with factories in Brazil, Argentina, Poland, France, Egypt, South Africa, India and China. Also, as a group (Fiat Group) has manufactured aircrafts, tanks, and also deals with agricultural machinery, commercial vehicles, motorcycles, metallurgical products, production systems, construction, services, publications and tourist resorts.
The history of Fiat launches back to the 19th century with its founder, Giavanni Agnelli, leading the firm from 1899 until 1945, when he died. Her first car was a 3 1 / 2 CV, and followed the 8HP and 24IR, which had great success in racing. The first decades of the 20th century Fiat continuously developed in various fields of industry, but after the First World War it was left at a critical condition.
The company recovers and produces two very popular cars, the Topolino and Balilla. The end of the Second World War is the beginning of a difficult situation, but the new models of Fiat, 500 and 1400, manage to help the firm come back quickly. It follows the models of 600, 1300, 1500, 1800 and 124, whereas in 1971, 127 is presented with great success. Fiat manufactures increasingly popular models like the Panda, the Uno, the Punto, the «Ferrari poor» Coupe and of course the Cinquecento.
The new century finds Fiat into economic crisis. Although the Agnelli family manages to control it, the raising difficulties brought the company a step before the takeover by General Motors, which ultimately was never completed. Since then the company follows a strategy of cost cutting and restructuring so as to effectively handle the new situation and now having updated the range of products that offers, launches new ones with names from the glorious past, initiating thus a new era in its history.