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Fiat Timeline

  • Fabbrica Italiana Automobili Torino (FIAT) founded.

    Fabbrica Italiana Automobili Torino (FIAT) founded.
    Fiat was founded in 1899 by Giovanni Agnelli
  • First Fiat plant opens

    First Fiat plant opens
    First Fiat plant opens with 35 staff; makes 24 cars.
  • Fiat buys other car companies

    Fiat buys other car companies
    Fiat buys Lancia carmaker and half of Ferrari
  • Libya buys part of Fiat

    Libya buys part of Fiat
    Libya buys just under 10 percent of Fiat
  • Fiat buys Alfa Romero and becomes biggest car maker in Europe

    Fiat buys Alfa Romero and becomes biggest car maker in Europe
    Fiat beats Ford to buy Alfa Romeo from the Italian government, making it Europe’s largest automaker. Libya sells its stake back to the founding Agnelli family and a consortium led by investment bank Mediobanca.
  • Fiat selling company to either GM or Chrysler

    Fiat selling company to either GM or Chrysler
    Banks urge Fiat to sell Fiat Auto to DaimlerChrysler. In July, Fiat prefers to sell 20 percent of Fiat Auto to GM for $2.4 billion in GM stock.
  • Fiat goes into a crisis

    Fiat goes into a crisis
    Fiat asks for crisis status from government; says to lay off 8,100 workers and shut down its Sicilian plant.
  • New Owner of Fiat

    New Owner of Fiat
    Gianni Agnelli dies; brother Umberto takes over as head of family holding; a year later, Umberto dies.
  • New Chief Executive of Fiat

    New Chief Executive of Fiat
    Fiat names turnaround expert Sergio Marchionne to be its fifth chief executive in two years.
  • Fiat and GM partnership

    Fiat and GM partnership
    Fiat and GM dissolve five-year partnership with the U.S. auto giant paying Fiat 1.55 billion euros in cash to avoid having to buy loss-making Fiat Auto.
  • Fiat Profits

    Fiat Profits
    Fiat says its key auto unit turned a profit in 2006, the first since 2000.
  • New Model Car

    New Model Car
    Fiat unveils a new version of the Cinquecento in a return of the tiny, iconic car out of production for 32 years.
  • Fiat Deal with Chrystler

    Fiat Deal with Chrystler
    Fiat unveils a preliminary deal to take 35 percent in Chrysler LLC in exchange for access to its technology and overseas markets.
  • Fiat Gets loans from Banks

    Fiat Gets loans from Banks
    Fiat obtains a 1 billion euro credit line from banks.
  • Big Loss for Fiat

    Big Loss for Fiat
    Fiat announces a first-quarter trading loss of 48 million euros.
  • Fiat Bankrupt

    Fiat Bankrupt
    Chrysler and Fiat confirm a global strategic alliance as Chrysler files for Chapter 11 bankruptcy.
  • Deal to combine companies

    Deal to combine companies
    Marchionne meets senior government officials in Berlin to present his vision of combining Fiat’s car business with Opel and GM’s other European operations and Chrysler. It would lead to their respective car businesses being spun off into a combined group and listed on the stock market.
  • Fiat Presents to Opel

    Fiat Presents to Opel
    Fiat is slated to present its proposal for Opel.