Word: fiat
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Fiat was created by the iron will of a flinty, ex-cavalry officer named Giovanni Agnelli, who helped found the company in 1899. Agnelli made Fiat's red racing cars famous at international meets, sometimes driving them himself. Born with a genius for command and a passion for work, Agnelli early saw the advantages of mass production and integration and began acquiring suppliers and outlets for his cars. So shrewdly did he choose that by 1927, when I.F.I, was formed to hold Fiat's investments (and solidify his control), he owned a diversified slice of the Italian economy...
Turin, Italy's fourth largest city, is the capital of Italian industry. It is also the biggest company town in the world, dominated by a single colossus world-famed for its name: Fiat (Fabbrica Italiana Automobili Torino). Almost two-thirds of Turin's 735,000 people owe their livelihood to Fiat; off the assembly lines of its 15 plants roll 90% of Italy's cars. But automaking is only the core of Fiat's industrial empire. A visitor to Turin rides to a Fiat-owned hotel in a Fiat taxi, reads a Fiat newspaper, drinks Fiat...
Last week, Fiat grew a bit more. In Barcelona, a Fiat-controlled, Spanish-financed company named Seat began making Fiat cars in the hope of turning out 200 a month to sell at 150,000 pesetas ($3,750). The only sizable automaker in Spain, Fiat will have the Spanish car market virtually sewed up, since no other automaker can afford Spain's 40% excise taxes, from which Seat will eventually be exempt. Fiat also landed a $22.5 million U.S. Air Force contract to assemble F-86 Sabre jets under 10-year license from North American Aviation Inc., the first...
...Will and Creation." Fiat, whose name Soldier-Poet Gabriele D'Annunzio once defined as the "word of will and creation," is a vertical trust which, through a holding company named I.F.I, (for Istituto Finanziario Italiano), controls a good cross section of Italy's economy. Among its holdings are insurance, busses, airlines, hotels, and cement, paint and steel plants. Abroad, in six countries from Sweden to India, Fiat plants turn out goods sold in 80 countries...
With such help, Agnelli continued to expand Fiat in the '30s, entered World War II with the huge, new Fiat-Mirafiori auto plant. As one of Italy's biggest armament makers, Fiat was soon turning out everything from trucks to airplanes to machine guns...