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Stellantis Europe
Stellantis Europe S.p.A., formerly known as Fiat Group Automobiles S.p.A. from 2007 to 2014 and FCA Italy S.p.A. from 2014 to 2023, is the Italian subsidiary of the multinational automaker Stellantis, dedicated to the production and selling of car, passenger cars and light commercial vehicles and headquartered in Turin, Italy. History In January 1979, Fiat S.p.A.'s automotive production activities were spun off into a new subsidiary, "Fiat Auto S.p.A.", as part of an ongoing decentralization process within Fiat. Vittorio Ghidella was named CEO. "Fiat Group Automobiles S.p.A." was created on 1 February 2007 from Fiat Auto S.p.A. Simultaneously, the four divisions of Fiat Auto (Fiat, Alfa Romeo, Lancia and Fiat Veicoli Commerciali) were made into four Joint stock company, Società per azioni, all controlled 100 percent by Fiat Group Automobiles. The former brand directors became CEOs of the new societies, while the employees and production facilities remained under Fiat Group Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |