annual report - FIAT SpA

SHAREHOLDERS
FINANCIAL COMMUNICATION
Fiat's constant objective is to maintain and reinforce the trust of customers and investors through transparent and
responsible management, thereby increasing its enterprise value on a sustainable basis.
Fiat maintains constant dialog with individual shareholders, institutional investors and financial analysts through its
Investor Relations function, which actively provides information to the market to consolidate and enhance confidence
and the level of understanding of the Company and its business activities.
Throughout the year, the Investor Relations team also communicates with the financial community through conference
calls and public presentations held to present financial results or other events that require direct communication to the
market, at the same using the website (www.fiatspa.com) to publish information presented or discussed on those
occasions. Additionally, the IR program includes seminars, industry conferences and non-deal roadshows in major
financial centers that provide the opportunity for direct contact with management.
The most important event of 2010 was the Fiat Investor Day held at Lingotto on April 21st. On that occasion, the CEO
and heads of the Group's principal businesses presented the 2010-2014 Business Plan to analysts, investors and other
members of the financial community in attendance or linked in via webcast.
Investor Relations activities intensified during the second half of the year, with management conducting two major nondeal
roadshows in Milan, London, New York and Boston to present the market with more detailed information on
operating performance and on business strategies and projections for the five year plan period, in addition to details of
the demerger which, on 1 January 2011, resulted in the separation of the capital goods businesses and the creation of
two autonomous groups: Fiat and Fiat Industrial .
The Investor Relations section of Fiat's corporate website (www.fiatspa.com) – which underwent a major upgrade in
terms of both graphic design and content at the beginning of 2011 – provides financial information, corporate
presentations, periodic publications, corporate announcements and real-time share information.
Shareholders can also contact the company at the following:
For holders of Fiat shares:
Toll-free number in Italy: 800-804027
E-mail: serviziotitoli@fiatspa.com
investor.relations@fiatspa.com
For holders of ADRs:
Toll-free number in the USA and Canada: 800 749 1873
Outside the USA and Canada: +1 (718) 921 8137
website: www.adr.db.com
FIAT ORDINARY SHARES – 1/1/2009 TO 31/12/2010
PERFORMANCE RELATIVE TO FTSE ITALIA ALL SHARE AND EUROSTOXX INDEXES (REBASED TO 100:
01/01/2009) AND AVERAGE MONTHLY TRADING VOLUME (MILLIONS OF ORD. SHARES)
Following the crisis and market uncertainties of the previous year, 2010 was a positive year for the equity markets,
although performance varied significantly from market to market. In the United States, the year closed positively with
the Dow Jones up around 11%: despite problems relating to public sector spending and the sustainability of the
financial system, major American corporates recorded strong earnings. Performance was also strong in Asia and for
emerging markets in general, although some Asian markets sustained losses for the year (Shanghai -14%, Tokyo -
3%). Of the three major economic blocks, Europe was again held back by concerns over the sovereign debt issues of
some smaller European states and the pace of its economic recovery relative to other regions. Also in Europe, there
were major differences between markets: Frankfurt gained around 16% for the year, while double-digit losses were
recorded for the FTSE Italia (down around 13%) and the Madrid stock exchange (approx. 17% decline), and Paris
closed the year down around 3%. During this period, Fiat shares gained 50.5% over the closing price for 2009 and
outperformed the DJEurostoxx Automotive index by 42.8%.
Report on Operations Shareholders 15