in the First Half of 2004 99th Fiscal Year - FIAT SpA

Transactions among Group companies, whether they are made
to support vertical manufacturing integration or to provide
services, are carried out at terms that, considering the quality
of the goods or services involved, are competitive with those
available in the marketplace.
The specific mission of a Group Sector is to provide services
to other members of the Group through companies which,
because of their specialized nature, are able to achieve
continuous improvements in quality and economies of scale.
Within this framework, the main transactions between the
Parent Company, Fiat S.p.A., and its subsidiaries and associated
companies are summarized below:
❚ Licensing of the right to use the Fiat trademark, for a
consideration based on a percentage of sales, to Fiat Auto
S.p.A. (0.5%).
❚ Services provided by Fiat management personnel to Fiat Auto
S.p.A., Iveco S.p.A., Magneti Marelli Holding S.p.A., Business
Solutions S.p.A., Comau S.p.A., and other Group companies.
❚ Grant of suretyships and guarantees in connection with the
issuance of billets de trésorerie (Fiat France S.A.), bonds
and lines of credit (Fiat Finance and Trade Ltd, Fiat Finance
Luxembourg S.A., Fiat Auto Financial Services Limited, and
New Holland Credit Company LLC) and to secure bank loans
(Fiat Auto S.p.A., Teksid S.p.A., Fiat Partecipazioni S.p.A.,
Fiat Automoveis S.A. – FIASA, Banco CNH Capital S.A., CNH
America LLC, and other Group companies), and payment
obligations under building rental contracts (Ingest Facility
S.p.A., Fiat Auto S.p.A., Isvor Fiat S.c.p.A., Editrice La Stampa
S.p.A., Fiat Automobil Vertriebs GmbH, International
Metropolitan Automotive Promotion (France) S.A., Fiat Motor
Sales Ltd, and other Group companies).
❚ Rental of buildings to Ingest Facility S.p.A. and Fiat I&CS
S.c.p.A.
❚ Loans granted to and received from Fiat Ge.Va. S.p.A.
❚ Purchase of support and consulting services provided by Fiat
Gesco S.p.A. (taxation and administration), Fiat Ge.Va. S.p.A.
(financial services).
❚ Purchase of inspection and internal auditing services from
Fiat Revi S.c.r.l.
❚ Purchase of information technology services provided by
Global Value S.p.A.
❚ Purchase of external relations services provided by Fiat I&CS
S.c.p.A.
❚ Purchase of office space, personal and real property
maintenance services provided by Ingest Facility S.p.A., and
other general services provided by Fiat Servizi per l’Industria
S.c.p.a.
21
Transactions among Group Companies and with Related
Parties
❚ Purchase of personnel training services provided
by Isvor Fiat S.c.p.A.
❚ Purchase of automobiles from Fiat Auto S.p.A.
Among transactions with related parties that must be
mentioned are the legal professional consultancy services
rendered by Franzo Grande Stevens to Fiat S.p.A. for 127
thousand euros.
All the transactions involving intra-Group deliveries of goods
and services that are part of the regular operations of the
companies involved are discussed in another section of this
Report (Note 19 – Other Information).
Based on the information received from the various Group
companies, there were no atypical or unusual transactions
during the first half of the year. The most important
extraordinary intra-Group transaction that occurred during
the period was the sale of businesses, related to Service and
Dies operations, from Comau S.p.A. and Comau Poland
Sp. z o.o. to Fiat Auto S.p.A., Fiat Auto Poland S.A., Sata S.p.A.,
Seve S.p.A. and to companies belonging to the Fiat-GM
Powertrain B.V. group.