Fiat S.p.A. (an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin) is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in Turin in Northern Italy. Founded in 1899 by a group of investors including Giovanni Agnelli. Fiat has also manufactured tanks and aircraft.
Fiat based cars are constructed all around the world—the largest concern outside Italy is in Brazil (best seller [3]). It also has factories in Argentina and Poland. Fiat has a long history of licensing its products to other countries regardless of local political or cultural persuasion. Joint venture operations are found in France, Turkey, Egypt (with the state owned Nasr car company), South Africa, India and ChinaThe group's activities were initially focused on the industrial production of cars, industrial and agricultural vehicles. Over time it has diversified into many other fields, and the group now has activities in a wide range of sectors in industry and financial services. It is Italy's largest industrial concern. It also has significant worldwide operations, operating in 61 countries with 1,063 companies that employ over 223,000 people, 111,000 of whom are outside Italy
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