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Fiat Industrial S.p.A.
Type Società per azioni
Founded July 2010 (incorporated)
Headquarters Turin, Italy
Key people Sergio Marchionne (Chairman), Alfredo Altavilla (Iveco CEO), Harold Boyanovsky (CNH Global CEO)
Industry Automotive, mechanical engineering
Products Trucks, construction and agricultural machinery, industrial and marine powertrains
Revenue (turnover) increase 21.34 billion (2010)[1]
Operating income increase €1.017 billion (2010)[1]
Profit increase €341 million (2010)[1]
Employees 62,120 (end 2010)[1]
Subsidiaries CNH Global (89.3%), Iveco, FPT Industrial
Website www.fiatindustrial.com

Fiat Industrial S.p.A. is a company into which Fiat S.p.A. (previously Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011.[2] Fiat Industrial serves as a holding company for the truck manufacturer Iveco; an 89.3% stake in the producer of agricultural and construction equipment CNH Global; and FPT Industrial, which comprises the industrial and marine activities of Fiat Powertrain Technologies. The company is led by Sergio Marchionne as chairman.[3]

At the demerger on 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by Agnelli family), which is currently the largest shareholder of Fiat with a quota around 30%, acquiring an analogous allotment of Fiat Industrial shares.[4] Exor has however raised the possibility of the future sale of some of its stake.[5]

References Edit

  1. 1.0 1.1 1.2 1.3 "Annual Report 2010". Fiat S.p.A.. Retrieved on 30 April 2011.
  2. Simpson, Ian (31 December 2010). "FACTBOX-Fiat splits off industrial holdings". Retrieved on 31 December 2010. 
  3. Michelson, Marcel (April 21, 2010). "WRAPUP 5-Fiat to demerge autos, industrial activities". Retrieved on May 11, 2010. 
  4. Hutton, Ray (April 25, 2010). "Fiat crowns new emperor John Elkann", Times Online. Retrieved on May 11, 2010. 
  5. "Fiat ‘Doesn’t Need’ Partners Beyond Chrysler, Elkann Says". Retrieved on May 11, 2010. 

External linksEdit

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