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Fiat S.p.A., an acronym for Fabbrica Italiana Automobili Torino[3] (English: Italian Automobile Factory of Turin), is an Italian automobile manufacturer, engine manufacturer, financial and industrial group based in Turin in the Piedmont region. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. Fiat has also manufactured railroad vehicles, tanks and aircraft. As of 2009, Fiat (not including Chrysler) is the world's ninth largest carmaker as well as Italy's largest carmaker.
Fiat-based cars are constructed all around the world, with the largest number produced outside Italy being built in Brazil, where they are best-sellers.[5] It also has factories in Argentina and Poland. Fiat has a long history of licensing its products to other countries. Joint venture operations are found in Italy, France, Turkey, India, Pakistan, China, Serbia and Russia.