Word: mirafiori
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...agenda: how the family would come up with the billions needed to keep Fiat whole. "He was a remarkable man and it will be hard to replace him. I just wish he had not seen his empire plunge into disaster," said one worker clocking off at Fiat's Mirafiori plant in Turin. The heirs of Fiat (the family controls 34% of the stock) inherit a desperate company. Fiat Auto lost j1.35 billion last year, and the parent company was forced to string together a huge j3 billion loan just to keep operating. At least j3 billion in additional capital will...
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...
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