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September 17, 2010

Fiat, the Italy-based conglomerate controlled by the Agnelli family, gained approval form its shareholders on 16 September to split its industrial business from the car manufacturing unit to create two separate companies.

Fiat, the Italy-based conglomerate controlled by the Agnelli family, gained approval form its shareholders on 16 September to split its industrial business from the car manufacturing unit to create two separate companies.
 
Fiat will comprise the group's car brands including Fiat, Ferrari and Maserati, while Fiat Industrials is to be made up of the company's Iveco trucks unit, which makes farm and construction equipment.
 

July 22, 2010

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

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