Skip to main content
Business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ON TV
 
 
 
 
 
 
 

Carmakers: Fiat

BUSINESS BRIEFINGS
BMW 
Fiat 
Peugeot 
Porsche 
Renault 

(CNN) -- Fiat Auto is the world's sixth-largest carmaker but could slide further down the list unless it stops the rot as market share continues to decline.

Fiat Auto is part of the wider Fiat group, which is controlled by the founding Agnelli family. The Agnellis have turned to one of their trusted lieutenants, Paolo Fresco, to turn the business around.

The company, which has already sold a stake in sports car maker Ferrari to a bank, owns the Alfa Romeo, Ferrari, Lancia and Maserati brands.

Fiat also makes farm and construction equipment and owns insurance and aviation businesses.

General Motors bought a 20 percent stake in Fiat Auto and has an option to buy the remainder of the company from 2004.

While both companies have denied GM would buy Fiat Auto, many industry analysts believe it is a done deal and GM could step in earlier.

Web site: www.fiat.com

Chairman: Paolo Fresco




Top Stories
European stocks cheered by STM
Top Stories
EU 'crisis' after summit failure
 
 
 
 
  SEARCH CNN.COM:
© 2004 Cable News Network LP, LLLP.
A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines. Contact us.
external link
All external sites will open in a new browser.
CNN.com does not endorse external sites.