Fiat Linea wins two awards in India: “Car of the Year” from Autocar and “Midsize Car of the Year” from Overdrive, the two leading Indian automotive magazines. Overdrive also names the Fiat 500 “Import of the Year”.
Magneti Marelli and SAIC Motor Corporation Ltd. sign a joint venture agreement in China for production of hydraulic components for Magneti Marelli’s Freechoice™ Automated Manual Transmission (AMT).
FEBRUARY
Iveco is named best importer in the transport sector in Germany. The award comes from Verkehrsrundschau, a leading German publication dedicated to the commercial fleet sector, based on a survey conducted by the research institute EMNID.
European launch of the T7000 Auto Command™ tractor range (167-225 hp), developed for large-scale agricultural producers and contract operators. The range has a new CVT transmission that optimizes engine performance and operating costs.
JANUARY
The new Quattroporte Sport GT S, the best synthesis ever achieved by Maserati between luxury sedan and performance sports car, presented at the Detroit Motor Show.
JANUARY
At the SIMA Innovation Awards 2009, New Holland Agriculture wins a gold medal for the NH2 hydrogen-powered tractor and a silver medal for the advanced EasyDrive transmission.
MARCH
The Fiat 500C, with electrically-controlled soft top, premiers at the Geneva Motor Show. Fiat expands its offer of bifuel vehicles (LPG/gasoline and CNG/ gasoline), adding versions of the Punto Classic and Idea to the existing Panda, Grande Punto and Bravo line up. MARCH
In Geneva, Alfa Romeo unveils the MiTo GTA concept car, a prototype of the brand’s future sport style based on an optimised power-to-weight ratio. Two new Euro 5 engines are also presented: the 170 hp 2.0 JTDM diesel and the 200 hp 1750 Turbo gasoline (TBi), available on the Brera, Spider and 159. Lancia announces the Delta Executive and the ECOchic Ypsilon and Musa (powered by LPG and gasoline).
Fiat Professional releases the Ducato 140 Natural Power with optimised performance, low fuel consumption and reduced emissions.
At the Geneva Motor Show, Maserati unveils the GranTurismo S Automatic. Presentation in Beijing of the Genlyon, the first product of the joint venture between SAIC and Iveco. The new “heavyweight” from SAIC Iveco Hongyan Commercial Vehicles (SIH) was designed in China and incorporates Iveco’s technological excellence and European standard of quality.
Expansion of the Magnum tractor range in North America.
Introduction of 7 new models of B-series excavators, including long-reach, mass and compact models, with increased fuel efficiency and reduced noise levels.
APRIL
Fiat 500 named “2009 World Car Design of the Year”.
The Sedici is upgraded with interior and exterior styling modifications and two new Euro 5 engines. Presentation of the Panda Panda Cross, the first low-environmental impact City SUV.
The Tofas plant in Bursa, Turkey, celebrates production of its 3,000,000th vehicle.
Roll out of CX crawler excavator range continues with new CX 130B “long reach” model.
MAY
The SAIC Fiat Powertrain Hongyan joint venture launches production of Cursor 9 diesel engines at new site in Chongqing.
The American Society of Agricultural and Biological Engineers recognises Sector’s strong commitment to innovation with five AE50 awards to New Holland Agriculture and three AE50 awards to Case IH.
Launch of three new compact tractors in the Farmall line equipped with (CVT) continuously variable transmission.
MARCH
Presentation in Geneva of the MultiAir system, with electro-hydraulic management of the air intake valves resulting in 10% more power and 15% more torque at low revolutions than a traditional engine of equivalent displacement and a 10% reduction in fuel consumption and CO2 emissions.
REPORT ON
OPERATIONS KEY EVENTS IN 2009
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JUNE
Following a letter of intent signed in January, Fiat Group and Chrysler Group LLC finalize the agreement for a global strategic alliance. On the same date, the new Chrysler (held 20% by Fiat) becomes operational.
JUNE
Launch of the EcoDaily with new styling and engine line up, as well as enhancements to comfort and electronics.
JUNE
The European Investment Bank (EIB) and Fiat Group sign €400 million loan agreement. The proceeds will be used to finance certain of the Group’s research and development projects.
As part of the World Class Manufacturing process, two FGA plants receive Silver Level certification: Melfi (the first Italian plant to reach this level) and Tychy in Poland.
For the new Iveco EcoDaily, FPT Powertrain Technologies develops two 2.3-litre engines (106 hp and 126 hp) and two 3-litre engines (140 hp and 170 hp). EcoDaily is also released in Natural Power version, with EEV compliant bifuel CNG/gasoline engine.
FPT and Perkins Engine Company Ltd sign strategic cooperation agreement for the long-term supply of a “clean” 3.4-litre engine for use on agricultural and construction equipment.
JULY
The Fiat 500C (cabriolet version) goes on sale at Italian dealers on July 4th, the 2nd anniversary of the new 500 and 52nd anniversary of the launch of the original model.
Fiat and Guangzhou Automobile Group Co. Ltd. (GAC Group) sign a framework agreement for establishment of a 50/50 joint venture to produce cars and engines for the Chinese market.
Issue of €1.25 billion bond which pays 9% coupon and matures in July 2012. Launch of the Austoft 8000 series sugar cane harvester which offers 35% increase in chopping power and electronic ground drive with cruise control. European launch of the TD4000F series of utility tractors for vineyards and orchards.
AUGUST
Issue of USD 1 billion in senior notes which pay 7.75% coupon and mature in 2013.
Addition of the new high performance 650L to the crawler dozer line, which delivers improved performance and lower height and operating weight.
SEPTEMBER
Presentation of the Qubo Natural Power, the new bifuel (CNG/gasoline) version.
Presentation of the 105 hp and 135 hp versions of the MiTo 1.4 MultiAir, the first application of this revolutionary technology developed for gasoline engines, and the 170 hp “Quadrifoglio Verde”, a pure-bred sports car with the highest specific output ever recorded by an Alfa Romeo.
Launch of the Fiorino Metano, a new bifuel (CNG/gasoline) vehicle which is the only one of its type in the segment.
Presentation of the GranCabrio, Maserati’s first ever 4-seater convertible, at the Frankfurt Motor Show.
Launch of the Magelys HDH, a coach that belongs to an elite class of sophisticated vehicles designed for the long-distance tourist market in Europe.
Presentation in Brazil of a prototype of the Daily Electric, developed jointly by Iveco and Itaipu Binacional, which manages the world’s largest hydro-electric powerplant located near the Brazil/Paraguay border: the Daily Electric is the first zero-emission light commercial vehicle produced in Latin America. Issue of €1.25 billion bond which pays 7.625% coupon and matures in September 2014.
SEPTEMBER
Fiat expands B-segment offering with the launch of the Punto Evo, companion to the highly successful Grande Punto, which sets a new standard in innovation, safety and style.
SEPTEMBER
After two years of leadership, JATO Dynamics once again confirms the Fiat brand as having the lowest average CO2 emissions amongst the top 25 selling brands in Europe.
SEPTEMBER
In Frankfurt, debut of the Ferrari 458 Italia, powered by a centre-mounted 4.5-litre 8-cylinder engine capable of delivering 570 hp.
SEPTEMBER
In Brazil, New Holland Agriculture receives the agricultural industry’s most important award, at the Gerdau Awards dedicated to the Brazilian agricultural industry’s most modern and efficient machinery, the New Holland 78hp TL75 receives the Gold Trophy in the “outstanding” category. SEPTEMBER
Fiat enters the Dow Jones Sustainability World and Dow Jones Sustainability STOXX Indexes, scoring 90/100 compared with average of 72/100 for its sector.
REPORT ON
OPERATIONS KEY EVENTS IN 2009
38
The Maxxum 110-140 upgraded with multi-control console, A-Pillar instrumentation and redesigned cab. The brand enters the “all terrain” segment with the Case IH Scout XL.
At the 2009 Genoa International Boat Show, FPT presents 380 hp and 620 hp versions of the new C90, expanding its range of recreational and professional marine engines.
OCTOBER
Expansion of range of engines available on the MiTo to include the 120 hp 1.4 Turbo gasoline, the first LPG/gasoline turbo produced directly by the Group, and the 95 hp 1.3 JTDM-2 diesel engine with Start&Stop system as standard.
Presentation of the Delta Turbo LPG with 120 hp 1.4 LPG/gasoline TurboJet engine, the first car to receive Legambiente’s climate seal of approval. The plant in Verrone (Piedmont) commences production on the new C635 family created for medium segment vehicles (both gasoline and diesel) of FGA and Chrysler.
New Holland Agriculture strengthens its position with introduction of the TDF series for application in orchards and vineyards.
CNH and KAMAZ, a leading global heavy truck manufacturer, sign heads of agreement and announce an industrial and commercial alliance for agricultural and construction equipment.
Iveco presents the new Vertis medium-segment vehicle (9-13 tonnes) at the Fenatran Trade Show in São Paulo, Brazil.
NOVEMBER
Issue of €1.5 billion bond which pays 6.875% coupon and matures in February 2015.
Introduction of the new Class 9 (CR9090) 500+ hp combine in North America and Australia.
North American launch of the new Magnum with CVT transmission and output range of 180-225 hp. Puma upgraded with output range of 125-192 hp. MultiAir wins the “Engine Development Team of the Year” award from Automotive Testing Technology International.
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OCTOBER
The Daily CNG is named “Green Van of the Year 2009” by a prestigious UK trade magazine and Iveco wins the “Transport Innovation of the Year” award for Blue&Me Fleet, an advanced telematic fleet management system. The Daily is named “Green Commercial of the Year 2009” at the Irish Fleet Transport Awards.
OCTOBER
FPT Powertrain Technologies receives the ‘Technobest 2009’ award for the MultiAir’s innovative technology.
The new 1.3 MultiJet II engine (Euro 5) with the Start&Stop system as standard is made available on the Fiat 500C and Fiat 500.
DECEMBER
Launch of new Fiat Doblò, with renewed styling, range of engines and technical specifications.
In India, three tractor models are launched in the TT range with output ranging from 35-50 hp in both two and four wheel-drive.
Chief Executive Sergio Marchionne meets in Rome with representatives of the Italian government and unions to discuss Fiat’s activities in Italy. The meeting focused particularly on Fiat Group Automobiles, as well as on its alliance with Chrysler.
DECEMBER
In Brazil, Iveco receives “Truck of the Year” award from leading journal Autodata for the third year running. This year’s recognition is for the medium segment Tector. In China, the new heavy segment Genlyon presented in March, is named “Truck of the Year” in the fleet class by China Auto News.
NOVEMBER “Tractor of the Year” and “Golden Tractor for Design” awards won by New Holland T7070
Auto Command tractor at Agritechnica.
The New Holland T7000 Auto Command tractor and the Case IH Puma CVX named Machine of the Year 2010 in the medium-high power tractor category by
the German trade press.
REPORT ON
OPERATIONS DATI ECONOMICIE PATRIMONIALI PER SETTORE DI ATTIVITÀ
40
HIGHLIGHTS BY SECTOR
Trading Operating Total
Net revenues profit/(loss) profit/(loss) operating assets
(€ million) 2009 2008 (*) 2009 2008 2009 2008 2009 2008 Fiat Group Automobiles 26,293 26,937 470 691 217 460 16,157 15,958 Maserati 448 825 11 72 11 72 368 437 Ferrari 1,778 1,921 238 339 245 341 1,608 1,542 Agricultural and Construction Equipment (CNH) 10,107 12,781 337 1,122 251 1,146 18,346 19,958 Trucks and Commercial Vehicles (Iveco) 7,183 10,894 105 838 (90) 779 7,159 8,097 FPT Powertrain Technologies 4,952 7,000 (25) 166 (114) 162 4,988 4,953 Components (Magneti Marelli) 4,528 5,447 25 174 (40) 93 3,258 3,123 Metallurgical Products (Teksid) 578 837 (12) 41 (14) 49 517 497 Production Systems (Comau) 728 1,123 (28) 21 (32) - 567 751 Other Businesses and Eliminations (6,493) (8,201) (63) (102) (75) (130) (941) (575)
GROUP 50,102 59,564 1,058 3,362 359 2,972 52,027 54,741
Total Capital Number of
operating liabilities expenditure(1) R&D expense(2) employees
(€ million) 2009 2008 2009 2008 (*) 2009 2008 2009 2008 Fiat Group Automobiles 16,137 15,184 1,495 2,288 669 843 54,038 52,634 Maserati 511 657 65 73 33 47 723 767 Ferrari 1,843 1,726 290 311 156 164 2,835 3,017 Agricultural and Construction Equipment (CNH) 19,000 20,257 330 451 283 286 28,466 31,521 Trucks and Commercial Vehicles (Iveco) 7,021 7,948 217 367 169 246 24,917 27,108 FPT Powertrain Technologies 3,517 3,908 562 898 140 141 19,638 20,507 Components (Magneti Marelli) 2,658 2,675 356 474 245 268 31,628 33,216 Metallurgical Products (Teksid) 462 431 33 41 2 3 6,194 7,600 Production Systems (Comau) 499 667 13 17 10 13 11,708 11,445 Other Businesses and Eliminations (1,335) (2,006) 25 59 (15) (25) 9,867 10,533
GROUP 50,313 51,447 3,386 4,979 1,692 1,986 190,014 198,348
(*) Revenue and capital expenditure amounts shown for the Group as well as CNH and Iveco differ from those originally reported due to adoption in 2009 of the amendment to IAS 16, as described in the notes to the financial statements.
(1) Investments in tangible and intangible assets (net of vehicles sold under buy-back commitments and leased). (2) Includes capitalised R&D and R&D charged directly to the income statement.