Definition of fiat spa in English English dictionary
International holding company and major Italian manufacturer of automobiles, trucks, and industrial vehicles and components. In 1899 Giovanni Agnelli (1866-1945) founded the firm that was incorporated as Fiat in 1906; he led the firm until his death. His grandson Giovanni Agnelli (1921-2003) served as chairman from 1966 until 1996, when his title became honorary. Paulo Fresco was named chairman in 1998. In 1979 the corporation converted to a holding company; in 1986 it acquired the sports-car manufacturer Alfa Romeo SpA. Among its automobile brands are Ferrari and Lancia