Started in 1899, the Fiat Group has grown into a multinational conglomerate operating in over 60 countries and employing more than 223,000 people. Despite Fiat’s many interests, car manufacture is still their biggest, representing 43% of their total revenue. The Fiat Group also owns Ferrari, Maserati and Alfa Romeo.
It is not surprising that the automotive arm of Fiat has produced such a lucrative revenue stream considering that since 1995 Fiat cars have won the European Car of the Year award more than any other car manufacturer. One of the reasons for this success is Fiat’s dedication to developing and implementing innovative technologies in their cars. Take for example the award winning Multijet technology which is now standard on all Fiat diesel cars. This next generation diesel engine offers a more comfortable drive, with better fuel consumption and performance.
Fiat, as one of the world’s leading car manufacturers, has dedicated itself to limiting the damage caused by transport on the environment. With this in mind, Fiat has introduced Euro5 ready engines in all new Fiat 500s two years ahead of the deadline.