| Type | Società per azioni |
|---|---|
| Traded as | BIT: FI |
| Industry | Automotive, mechanical engineering |
| Founded | July 2010 (incorporated) |
| Headquarters | Turin, Italy |
| Key people | Sergio Marchionne (Chairman), Alfredo Altavilla (Iveco CEO), Harold Boyanovsky (CNH Global CEO) |
| Products | Trucks, construction and agricultural machinery, industrial and marine powertrains |
| Revenue | €21.34 billion (2010)[1] |
| Operating income | €1.017 billion (2010)[1] |
| Profit | €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. (parent company of 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, who also serves as CEO of Fiat S.p.A.[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]
In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.