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Stands for Fabbrica Italiana Automobili Torino, but the name FIAT means so much more. Founded in 1899, over the years the Turin-based company has become a symbol of Italy's technological and creative enterprise, which have changed the country and the history of global mobility forever.
The Italian car brand and arguable style icon is suffering from extremely low sales in a market that has less and less interest in the tiny cars that has made it famous. In 2018, Fiat sold more than 15,000 cars in the U.S., down from a high in 2014 of over 46,000.
Fiat sales in the U.S. decreased by 83.5% in 2021, to 2,057 vehicles. This was due to the ongoing chip shortage and the discontinuation of several models, such as the Fiat 500L and the Fiat 500X. Fiat sales in the U.S. decreased by 90.7% in 2022, to 160 vehicles.
Chrysler suffered some tough financial events before it was purchased by Fiat. Brands under the Fiat Chrysler umbrella include Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Ram, Alfa Romeo, Abarth, Lancia, and Maserati.
FIAT® 500 FAQ IS THE FIAT® 500 DISCONTINUED? The FIAT® 500 has been discontinued and is no longer in production. However, the FIAT 500e electric vehicle will be returning to the U.S. in early 2024.
The acronym F.I.A.T. stands for Fabbrica Italiana Automobili Torino, but the name FIAT means so much more. Founded in 1899, over the years the Turin-based company has become a symbol of Italy's technological and creative enterprise, which have changed the country and the history of global mobility forever.