Fiat: An Italian Crisis

in Italian Politics
Author: Giuseppe Berta
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In 2002, Fiat, Italy’s largest manufacturer, entered the most serious crisis

in its history. Its brands collapsed on the domestic and European

markets with such a slump in sales that its yearly car production

dropped under the threshold of 2 million units. The heavy market fall

highlighted the difficult financial situation of the group, revealing the

now grievous status of its debts. On the stock exchange, Fiat shares

lost almost 11 euros in one year, dropping from 18.6 to 7.7 euros.