Word: fiat
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Dates: during 2000-2009
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...an�Agnelli would prefer. The anointed heir to Italy's greatest industrial fortune is settling into his chair at Vittoria, a homespun Torino trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old who is vice chairman of both Fiat and IFIL, the Agnelli family's $7.7 billion holding company, it is the perfect setting for a power lunch. "You know why I really like this place?" he asks, lowering his voice and widening his eyes. "Because it's fast...
Those are the words of a young man on the move. It has been nine years since he was handpicked by his grandfather Giovanni (Gianni) Agnelli to be next in line to take the reins of the family's vast automotive and financial empire. And while Fiat's fortunes have roller-coastered, Elkann has been methodically groomed for the throne of one of Europe's legendary financial kingdoms. Guiding an entrenched business dynasty in a competitive global marketplace is a tall order for the tall executive--a lofty 6 ft. 2 in., though still baby-faced...
...course, the prize is not yet Elkann's. Although his decision-making role and public presence have recently begun to swell, Fiat chairman Luca di Montezemolo and CEO Sergio Marchionne are still largely in charge. The Fiat Group, which counts CNH tractors and Iveco trucks among its holdings, has been buoyed recently by strong numbers from its once suffering automobile division. Under the turnaround leadership of Marchionne, European sales of the auto group (which includes the Fiat, Lancia and Alfa Romeo brands) jumped 23.2% in the first five months of this year, representing nearly half of the overall company...
...creative DNA has multiplied through his author father and painter mother. "Artists have a sensibility that others don't have," he says. "They have a way of reading into the future." And so, in their own way, do business leaders. They just tend to have less time. Fiat's Fortunes [This article contains charts. Please see hardcopy of magazine...
...Junkers JU52 bombers of the Luftwaffe's Condor Legion arrived. For three hours high-explosive and incendiary devices fell on the town, whose narrow streets were packed with villagers and peasants from the surrounding countryside. Those who managed to flee the firestorm were hunted and strafed by Messerschmitt and Fiat fighter planes. A third of the town's 5,000 residents were killed, mostly children and old people; perhaps another thousand visitors died. Far from the front lines of the Spanish Civil War, which had begun the previous July, the town had no military importance. Its bombing was an exercise...