The Fiat Group is Italy’s largest private industrial enterprise and one of the founders of the European automotive industry. It has commercial relationships in more than 190 countries and designs, produces and sells cars, trucks, agricultural and construction equipment, engines, transmissions and components, with an emphasis on technological innovation and eco-compatibility. The Group has 188 plants and more than 190 thousand employees worldwide, in addition to 117 R&D centres on five continents staffed by approximately 14,000 highly qualified personnel. For 2009, revenues of €50.1 billion were down 16% over the previous year’s record level, but up 3.6% for the fourth quarter compared to the same period in 2008. Trading profit was €1.1 billion, with a strong contribution from the Automobiles business.

⁽¹⁾ Following adoption of the improvement to IAS 16 in 2009, as described in the Notes to the 2009 Consolidated Financial Statements, 2008 net revenues were increased by €184 million and investments in tangible and intangible assets were reduced by €284 million.
⁽²⁾ Includes capitalised R&D and R&D charged directly to the income statement.