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  September 5, 2001
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Home > Company Index > Automotive & Transport Equipment > Auto Manufacturers > Fiat S.p.A.

Fiat S.p.A.
NYSE: FIA
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 NEWS FROM THE STANDARD
IBM Services and Fiat Hammer Out a $6.2 Billion Deal
May 21 2001 02:29 PM PDT

 PROFILE
The country that gave us Sophia Loren and Leonardo da Vinci also gave us century-old Fiat and its plethora of auto offerings, which range from compacts and sedans such as the Fiat Seicento to its Alfa Romeo, Ferrari, and Maserati sports cars. Having sold some noncore businesses, Fiat's refined focus is on cars, CNH Global agricultural and construction equipment, and Iveco commercial vehicles. It also operates insurance, aviation, and publishing subsidiaries. Fiat wants to expand its auto business outside Western Europe. To that end, it has exchanged 20% in Fiat Auto for a 6% stake in GM. Under the agreement Fiat Auto has the option to sell an 80% stake to GM. The founding Agnelli family owns about 30% of Fiat.

 COMPETITION
Bayerische Motoren Werke AG (BMW)
Ford Motor Company (F)
Volkswagen AG (VLKAY)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 57,679.00
1-Yr. Sales Growth: 18.3%
Employees: 223,953
Revenue per employee: $257,549.58

 KEY PEOPLE
• Paolo Cantarella
    CEO

 CONTACT INFO
250 Via Nizza
10136 Turin, Italy
Phone: 39-011-686-1111
Fax: 39-011-686-3798
Online: Web Site

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