If you follow the news, you most likely have heard about the Chrysler-Fiat merger which is in the works and should happen this year. So what is this Fiat brand all about? Fiat is an acronym for Fabbrica Italiana Automobili Torino, which in English means Italian Automobile Factory from Turin. Fiat was founded in 1899 in Turin, Italy and is Europe's leading car manufacturer. Fiat does not only manufacture automobiles, but also engines, railroad vehicles, and also military vehicles such as tanks and aircraft. Fiat automobiles are sold all over the world and the largest production outside of Italy is in Brazil. Fiat's worldwide operations are astonishing, as today it operates in 61 countries and employs near a quarter of a million people.
Fiat is the number one car manufacturer in Italy, with a vast range of vehicles, from entry level economy sized cars to sports cars released under Ferrari, to commercial sized trucks. In fact the Fiat group companies include Ferrari, Iveco, Maserati, Alfa Romeo, and Lancia Automobiles. Fiat is a highly rewarded and respected company in Europe and has received the highest honors in automobile manufacturing, known as the European Car of the Year Award twelve times. Fiat has received this award more than any other European manufacturer since the award began 40 years ago. Most recently, Fiat won this award for the Fiat Nuova 500, which was such a smash hit in Europe, and a deal with Chrysler means a release for the US market is in the works.
Fiat is not currently available in the US market, but a deal with the struggling American manufacturer Chrysler is opening up new opportunities. As of January, 2009, a press release hit worldwide media informing us that Fiat would receive equity in Chrysler for exchange for investments. The final outcome of this agreement would be for Chrysler to begin manufacturing Fiat models in the US market. The details of the press release, according to worldcarfans.com are that Fiat and Chrysler will enter an alliance in which Fiat will take an initial 35 percent stake, with an option to raise its ownership to 55 percent at a later date.
So as Americans anxiously await the release of the Fiat 500 in the US market, many ask, "How do I find Fiat insurance?" Your best bet is to contact companies directly and inquire if Fiat auto insurance in available. When Fiat is released in the US, Fiat car insurance will virtually be the same as Chrysler insurance.