What does FIAT Stand for

Fabbrica Italiana Automobili Torino

Fiat stands for Fabbrica Italiana Automobili Torino (in Portuguese, Italian automobile Factory of Turin). Founded by Italian businessmen in 1899, in the Italian city of Turin, the automaker was created to compete with the French auto industry and also to develop technology for racing cars, but ended up turning to the mass production of vehicles.

The company grew, expanded its areas of practice and settled in various parts of the world. In Brazil, arrived in 1973, building a factory in the mining town of Betim. Currently, the Fiat Group has business in the sectors of automotive, agricultural machinery, buses, military vehicles and construction vehicles, autoparts and metallurgy. The Group’s business are so diverse that include financial market activities, construction, information technology and media, among others.

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