Fiat is a global automotive manufacturer headquartered in Turin, Italy. It designs, develops, manufactures, and sells a wide range of passenger cars, commercial vehicles, and agricultural and construction equipment. The company's origins can be traced back to 1899, when Giovanni Agnelli and a group of investors founded Fabbrica Italiana Automobili Torino (FIAT).
Over the years, Fiat has grown through a series of acquisitions and mergers. In 1966, it acquired Lancia, and in 1986, it took over Alfa Romeo. In 1993, Fiat merged with Chrysler to form Fiat Chrysler Automobiles (FCA). However, the merger was dissolved in 2014, and Fiat and Chrysler became separate companies again.
Today, Fiat is a publicly traded company, meaning that its shares are owned by investors around the world. The company's largest shareholder is Exor, a holding company controlled by the Agnelli family. Exor owns approximately 25% of Fiat's shares. Other major shareholders include BlackRock, Capital Group, and The Vanguard Group.
Who Owns Fiat
Fiat is a publicly traded company with a diverse shareholder base.
- Largest shareholder: Exor
- Controlled by Agnelli family
- Owns 25% of Fiat shares
- Other major shareholders
- BlackRock, Capital Group
- The Vanguard Group
Fiat's ownership structure allows for a wide range of investors to participate in the company's success.
Largest shareholder: Exor
Exor is the largest shareholder of Fiat, owning approximately 25% of the company's shares. Exor is a holding company controlled by the Agnelli family, a prominent Italian industrial family with a long history in the automotive industry.
Exor was founded in 1927 by Giovanni Agnelli, the founder of Fiat. The company's original purpose was to manage the Agnelli family's investments in Fiat and other businesses. Over the years, Exor has expanded its portfolio to include investments in a wide range of industries, including finance, real estate, and manufacturing.
Exor's stake in Fiat is a significant part of the company's overall portfolio. Exor's ownership of Fiat gives the Agnelli family a significant say in the company's strategic direction and decision-making. Exor's long-term investment in Fiat demonstrates the Agnelli family's commitment to the company and its future success.
Exor's ownership of Fiat is also significant for the Italian economy. Fiat is one of Italy's largest companies and a major employer in the country. Exor's investment in Fiat helps to ensure the company's continued success and its positive impact on the Italian economy.
The Agnelli family has a long history of involvement in the automotive industry, dating back to the early 20th century. The family's commitment to Fiat has helped the company to grow and prosper over the years. Exor's ownership of Fiat is a testament to the Agnelli family's continued belief in the company's potential.
Controlled by Agnelli family
The Agnelli family is a prominent Italian industrial family with a long history in the automotive industry. The family's involvement in Fiat dates back to the early 20th century, when Giovanni Agnelli founded the company in 1899.
Giovanni Agnelli's son, Edoardo Agnelli, took over the leadership of Fiat in 1945. Edoardo Agnelli was a charismatic and innovative leader who helped to rebuild Fiat after the devastation of World War II. He also oversaw the company's expansion into new markets, including the United States.
In 1966, Edoardo Agnelli's son, Gianni Agnelli, became the head of Fiat. Gianni Agnelli was a visionary leader who transformed Fiat into a global automotive giant. He oversaw the company's acquisition of Lancia and Alfa Romeo, and he also led Fiat's expansion into new markets, including China and Brazil.
Gianni Agnelli's son, John Elkann, is the current chairman of Exor and the controlling shareholder of Fiat. John Elkann is a young and dynamic leader who is committed to continuing the Agnelli family's legacy of innovation and success.
The Agnelli family's control of Fiat has been a key factor in the company's success over the years. The family's long-term commitment to Fiat has given the company the stability and resources it needs to thrive. The Agnelli family's involvement in Fiat is also a testament to the family's deep understanding of the automotive industry and its commitment to Italian manufacturing.