The Fiat Group, or Fiat S.p.A.

The Fiat Group, or Fiat S.p.A. is the largest industrial enterprise in Italy and one of the founders of the European motor industry, established in July 11, 1899 by a group of investors including Giovanni Agnelli. Headquarters in Turin, Northern Italy. The Group transformed its vocation for the world of engines into a strong commitment to all forms of mobility for people and goods: from cars to trucks, to agricultural tractors, aeronautical engines, marine engines and space launchers. The company name FIAT is an acronym for Fabbrica Italiana Automobili Torino (Italian Automobile Factory of Turin).
Fiat is publicly traded on the BIT (Borsa Italiana) under F.
Fiat Main people: Luca Cordero di Montezemolo Chairman, John Elkann Vice Chairman and Sergio Marchionne C.E.O.
Industry: Automotive, publishing, finance, and metallurgy.

In 2003, Fiat redefined its core business area by focusing its manufacturing and service activities on the automotive sector. As a result, certain businesses no longer considered strategic were sold, rigorous cost-containment measures were implemented and an incisive industrial relaunch enabled the Group to reach operating break-even in 2004, and post a profit in 2005. During 2007, the Group continued to pursue its strategy of strengthening the industrial and commercial structure through targeted alliances focusing in particular on high-growth markets such as Russia, India and China.

Company’s results for 2007: revenues of nearly 59 billion euros, 12.9% higher compared to 2006; a trading profit of 3.2 billion euros, well ahead of previous guidance and 66% higher than the prior year; and a trading margin that increased from 3.8% to 5.5%. Employees - over 180,000 people (2007). Last but not least, in 2007 the Group extinguished its net industrial debt and closed the year with 0.4 billion euro net cash.

During 2007, the Group received several important recognitions at the international level: the 500 was voted "2008 Car of the Year", the Linea won the "Autobest" award, the Punto was named "Car of the Year" in Brazil, and the Scudo was nominated "2008 International Van of the Year". Meanwhile, New Holland’s T7000 tractor was named "Tractor of the Year" at the Hanover agricultural machinery exhibition Agritechnica and Ferrari won the 2007 Formula One Drivers’ and Constructors’ Championships.

The plans for the coming years are even more ambitious and challenging, and set corporate objectives until 2010. In particular, the targets set for 2008 envisage trading profit between 3.4 and 3.6 billion euros, net income between 2.4 and 2.6 billion euros(earnings per share between 1.90/2.00 euros and consolidated net revenues in excess of 60 billion euros. Fiat Group Automobiles expects to gain market share in Italy and Western Europe, continuing to leverage on the recently introduced Fiat 500, Fiat Bravo, Fiat Linea, on the 2008 new model launches (Alfa Romeo Junior and Lancia Delta HPE), as well as on new engines.

Structure of the Fiat Group

Automobiles:

Fiat Group Automobiles designs, produces and sells cars world-wide under the Fiat, Alfa Romeo, Lancia, Fiat Professional (light commercial vehicles) and Abarth brands. Maserati and Ferrari, which manufacture luxury sports cars embodying exclusivity, innovative technology, and high-level performance, are also part of the Fiat Group.

Fiat owns:
- Fiat Group Automobiles S.p.A. - 100%; (includes Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Fiat Automobiles S.p.A., Fiat Light Commercial Vehicles S.p.A., Lancia Automobiles S.p.A.)
- Mazerati S.p.A. - 100%;
- Ferrari S.p.A. - 85%. It's the sports car manufacturer based in Maranello and Modena, Italy. Founded by Enzo Ferrari in 1929. Financial Times named Ferrari number one on its 2007 list of the 100 Best Workplaces in Europe.

Agricultural and Construction Equipment:

- Fiat group owns CNH Global N.V. - 90%.
CNH - Case New Holland is a world leader manufacturing tractors and agricultural machinery through the Case IH, New Holland and Steyr brands, and construction equipment through the Case, New Holland and Kobelco brands. It also provides financial services to its end customers and dealers. And also CNH - the third largest producer of construction equipment after Caterpillar Inc. and Komatsu.

Components and production systems:

Fiat owns:
- FPT Powertrain Technologies S.p.A. - 100%; FPT Powertrain Technologies is the sector that focuses on research, development and production of engines and transmissions for automobiles, commercial vehicles, heavy trucks, buses, industrial machinery, marine applications and power generation.

- Magneti Marelli Holding S.p.A. - 100%; It is the company which deals with development and manufacturing of systems, modules and high-technology components for the automotive industry. Magneti Marelli owned brands include Carello, AL-Automotive Lighting, Siem, Cofap, Jaeger, Solex, Veglia Borletti, Vitaloni and Weber.

- Teksid S.p.A. - 84,8% (a metal company). Teksid supplies engine blocks, cylinder heads and other components for engines, and cast-iron components for transmissions, gearboxes and suspensions and aluminium cylinder heads.;

- Comau S.p.A. - 100%. Comau produces industrial automation systems for the automotive industry in the areas of product and process engineering, logistics and management, manufacturing, installation, production start-up and maintenance.

Publishing and communications:

Itedi operates in the publishing and communications sphere. This business includes publishing "La Stampa", Turin's daily newspaper, and selling advertising space through "Publikompass".

Fiat owns:
- Itedi S.p.A. - 100%.

Trucks and Commercial Venicles:

Iveco is internationally recognized in the road transportation sector. It designs, produces and sells a complete range of commercial vehicles under the Iveco brand, buses under the Irisbus brand, and fire-fighting and special purpose vehicles under the Iveco, Astra and Magirus brands

Fiat owns:
- Iveco S.p.A. - 100%.

Major Shareholders

A total of 1,092,247,485 ordinary shares are outstanding. As of today, the following individual and institutional investors have holdings exceeding 2% of total outstanding ordinary stock.

- IPL Investments S.p.A. * - 30.45 %
- FMR LLC - 5.05 %
- Barclays Global Investors EU - 3.18 %
- Institutional Investors EU - 22.37 %
- Institutional Investors outside EU - 7.01 %
- Other Stockholders - 28.93 %
* - 3.04% of treasury stock held by Fiat S.p.A.

Corporate Governance

Board of Directors:

Luca Cordero di Montezemolo - Chairman
John Elkann — Vice Chairman.
Sergio Marchionne — Chief Executive Officer
Roland Berger — Independent Director
Tiberto Brandolini d'Adda
Andrea Agnelli

Governance of the Fiat Group is entrusted to the Group Executive Council (GEC), comprised of the Chief Executive Officer of the Group, certain department heads and the CEOs of the operating sectors.

Management tearm:

Sergio Marchionne - Chief Executive Officer Fiat SpA and Fiat Group Automobiles. (Nationality: Canadian and Italian. Year of Birth: 1952)
Alfredo Altavilla — Chief Executive Officer Fiat Powertrain Technologies. (Nationality: Italian. Year of Birth: 1963)
Ernesto Auci — Senior Vice President Institutional Relations. Nationality: Italian. Year of Birth: 1946)
Alessandro Baldi — Executive Vice President & Group Controller (Nationality: Swiss. Year of Birth: 1952)
Harold Boyanovsky — Chief Executive Officer CNH (Nationality: U.S. Year of Birth: 1944)
Gilberto Ceresa — Senior Vice President - GEC Coordinator & Group ICT (Nationality: Italian. Year of Birth: 1965)
Gianni Coda — Chief Executive Officer Fiat Group Purchasing. (Nationality: Italian. Year of Birth: 1946)
Luca De Meo — Executive Vice President & Chief Marketing Officer. (Nationality: Italian. Year of Birth: 1967)
Maurizio Francescatti — Executive Vice President & Group Treasurer.(Nationality: Italian. Year of Birth: 1962)
Stefan Ketter — Executive Vice President & Chief Manufacturing Officer. (Nationality: German. Year of Birth: 1959)
Ferruccio Luppi — Executive Vice President Business Development. (Nationality: Italian. Year of Birth: 1950)
Paolo Monferino — Chief Executive Officer Iveco. (Nationality: Italian. Year of Birth: 1946)
Roberto Pucci — Executive Vice President Human Resources. (Nationality: Swiss and Italian. Year of Birth: 1963)
Eugenio Razelli — Chief Executive Officer Magneti Marelli. (Nationality: Italian. Year of Birth: 1950)
Riccardo Tarantini — Chief Executive Officer Comau & Teksid. (Nationality: Italian. Year of Birth: 1949)
Harald Wester — Executive Vice President & Chief Technology Officer. (Nationality: German. Year of Birth: 1958)

Innovation and Technology

To succeed on today’s fast-paced markets, technological innovation is one of the mainstays of the Fiat Group’s strategies. To cope with global competitive pressures and the mounting demand for products that continue to break new ground in terms of safety, performance and respect for the environment, the companies in all of the Group’s operating sectors have allocated higher proportions of their revenues to research and development.

To promote sustainable mobility on multiple fronts, Fiat’s research and development work involved approximately 13,200 people at 116 centres around the world. R&D investments totalled some 1.6 billion euros, or around 3.2% of net revenues of Industrial Activities.

Thanks to the intensive work by each of the sectors, sustained by the high value-added, cross-organizational research conducted by the Group’s scientific hubs, the Centro Ricerche Fiat and Elasis, major advances were made in product and manufacturing process technology.

Code of Conduct

"Success is measured in part by the way we achieve it" . The values upon which a Company is based are as important as its industrial projects and financial viability. The Fiat Group is aware that investments in machinery and plants alone cannot account for the results a company achieves. One must also consider its imperceptible legacy, like for example people or values. Fiat is a major international Group which, because of its size, activities and geographical spread, has an enormous responsibility: that of being an example for disseminating a code of conduct that is synonymous with fairness, respect, credibility and cooperation. The principles and values, both moral and social, by which the Group abides have been collected in the "Code of Conduct". It is a document for the men and women of Fiat, but also their suppliers and commercial partners, and represents the fundamental point of reference for day-to-day operations.

Fiat American Depositary Receipts (Fiat ADR)

First issued in 1989, Fiat American Depositary Receipts were traded on the NYSE until August 22, 2007 under the tickers:

- FIA (1 ADR representing 1 Fiat SpA Ordinary Share)
- FIA PR (1 ADR representing 1 Fiat SpA Preference Share)
- FIA PRA (1 ADR representing 1 Fiat SpA Savings Share)

Deutsche Bank Trust Company Americas of New York is Depositary for Fiat’s American Depositary Shares. Any shareholder inquiries, including ADR transfers, dividend payments, and requests for Fiat's public reporting and SEC filing documentation can be obtained from Deutsche Bank Trust Company Americas at the following address and telephone numbers:

Deutsche Bank Trust Company Americas
Global Equity Services
Mail Stop NYC60-2727
60 Wall Street - New York, NY10005
United States

Mail address for Fiat Registered Holders:

Deutsche Bank Trust Company Americas
c/o Mellon Investor Services
P.O. Box 3433
South Hackensack, NJ 07606-3433
United States

Famous Car Models the Fiat Group

Car models which make a list of famous Fiat Group cars, also which have won European Car of the Year award, Europe's premier automotive trophy for the past 40 years, has been awarded twelve times to the Fiat Group:

1967: Fiat 124
1970: Fiat 128
1972: Fiat 127
1980: Lancia Delta
1984: Fiat Uno
1989: Fiat Tipo
1995: Fiat Punto
1996: Fiat Bravo/Brava
1998: Alfa Romeo 156
2001: Alfa Romeo 147
2004: Fiat Panda
2008: Fiat 500

Most recently the Fiat Nuova 500 has won the award for European Car of the Year 2008.

Contact points for Investors