annual report - FIAT SpA

Ratings Services places Fiat SpA's
BB+ long-term rating on CreditWatch
with negative implications and CNH
Global N.V.’s BB+ long-term rating on
CreditWatch with developing
implications.
At Beijing Motor Show, Ferrari
presents 599 GTO: the highest
performance road car ever built by the
Maranello-based automaker.
At BAUMA 2010 in Munich,
Iveco presents extensive line-up of
vehicles for construction sector,
including international debut of the
Astra HHD8, a 50 ton vehicle with
significant payload capacity built to
handle even the most impenetrable
terrain.
Iveco inaugurates first Truck
Station, launching international
initiative dedicated to the world of
heavy road transport. These one-stop
service points are equipped to
respond to all needs of a transport
operator in a single stop.
Also at BAUMA, New Holland
launches first three models in new
range of wheeled excavators (the
WE150, WE170 and WE190) and
introduces smallest mini-excavator in
range (the new E10SR).
MAY
Integration of distribution activities
of Fiat Group Automobiles and
Chrysler Group in Europe begins with
reorganization and integration of
Chrysler and Lancia brand sales
networks.
By 2014, the integrated network to
consist of over 1,000 dealerships
across Europe with new operating
mandate.
On May 28th, meeting held with
trade unions in Turin to discuss future
of Giambattista Vico plant in
Pomigliano d'Arco. All unions are
represented, except FIOM, which
announces unavailability to attend and
a subsequent meeting is arranged.
Two production milestones
achieved: 5,000,000th vehicle
produced at Melfi (Italy), since plant
opening in 1993, and 500,000th Fiat
500 built at Tychy (Poland), just 31
months after car’s commercial launch.
At Agrishow in Brazil, Case
IH launches the 8120, 7120, 2799 and
2688 Axial-Flow combines, the
Magnum 335 tractor and the Maxxum
tractor with extended axle.
JUNE
SAIC Magneti Marelli Powertrain
Co. Ltd. (SMMP), joint venture
between Magneti Marelli and
Shanghai Automobile Gear Works
(SAGW), inaugurates new plant in
industrial district of Jiading
(Shanghai). The JV established in
2009 was set up to produce hydraulic
components for Magneti Marelli's
Freechoice automated manual
transmission (or AMT).
Alfa Romeo celebrates 100th
anniversary with 4 days of festivities
involving City of Milan, Fiera Milano,
Monza race circuit and Alfa Romeo
Museum. Event attended by some
3,000 classic cars from 45 countries
around the world.
At Interschutz trade show in
Hanover, dedicated to fire-fighting
solutions, Iveco Magirus presents firstof-its-kind
60-meter ladder and new
high-performance Dragon 2 specially
designed for emergency response at
airports.
"Award of Awards" received by
Iveco at ceremony held on national
innovation day, attended by President
of the Republic.
Iveco debuts the Eurocargo
hybrid, mid-range vehicle equipped
with parallel diesel/electric propulsion
system and, in mass transit sector, the
new Citelis bus with diesel/electric
series hybrid engine.
New 1.4 MultiAir turbo
engine named “Best New Engine
2010”, highly prestigious category of
“Engine of the Year” awarded by
international panel of 65 trade
journalists from 32 countries.
Case Construction Equipment
celebrates production of 250,000th
skid steer loader.
Diesel Progress magazine
honors Case Construction Equipment
with "Excellence in Equipment
Engineering" award in loader/backhoe
category for the 590 Super M+ Series
3 loader/backhoe.
JULY
Fiat and trade unions CISL-FIM,
UIL-UILM and FISMIC meet in Turin
and agree to implement accord
reached with FIM, UILM, FISMIC and
UGL on production of future Panda at
Pomigliano d’Arco.
Fiat Board of Directors approves
demerger of Trucks & Commercial
Vehicles and Agricultural &
Construction Equipment businesses
plus related powertrain activities
announced during presentation of
2010-2014 Business Plan on April
21st.
Moody's Investor Service places
Fiat's ratings (Ba1/NP) under review
for possible downgrade.
Presentation of Fiat 500 and 500C
equipped with new 85hp 2-cylinder
TwinAir engine developed for FGA by
FPT Powertrain Technologies, which
offers up to 30% reduction in CO2
compared to other engines with
equivalent performance.
Fiat launches 2011 model year Fiat
Panda with option of two Euro 5
engines: 75 hp 1.3 MultiJet 16v diesel,
with DPF as standard, and 69 hp 1.2
8v gasoline.
Launch of numbered, limited
edition Abarth 695 Tributo Ferrari,
fastest ever on-road version of the
500.
Fiat Professional expands Fiat
Scudo line-up with new top-of-therange,
Euro 5-compliant 165hp
MultiJet 2.0. The 2011 model year
Fiorino is also released.
AUGUST
First export sales (to Vietnam)
of the Genlyon, the on-road heavy
vehicle produced by joint venture
between Iveco and SAIC.
Case IH launches next
generation of more powerful and fuelefficient
Steiger® and MAGNUM
tractors in North America, along with
range of new Puma 130-160 series
models with Continuous Variable
Transmission (CVT). All models
equipped to meet Tier4A emissions
standards.
SEPTEMBER
For second consecutive year, Fiat
SpA recognized as sustainability
leader with inclusion in Dow Jones
Sustainability World and Dow Jones
Sustainability Europe indexes,
Report on Operations Key events in 2010 18