Top 5 Quality Stocks To Own For 2015: Fiat SpA (FIATY.PK)
Fiat SpA, incorporated in 1906, is engaged principally in the manufacture and sale of automobiles, agricultural and construction equipment and commercial vehicles. It also manufactures other products and systems, principally engines, transmission systems, automotive-related components, metallurgical products and production systems. In addition, it is involved in certain other sectors, including publishing and communications. The Company and its subsidiaries operates approximately in 50 countries. The Company operates under five segments: automobiles, agricultural and construction equipment (CNH-Case New Holland), trucks and commercial vehicles, components and production systems, and other businesses. On 10 June 2009, the Company acquired 20% interest in Chrysler Group LLC. In January 2014, Fiat SpA announced that through its wholly owned subsidiary Fiat North America LLC (FNA) completed its announced acquisition of all of the VEBA Trust's membership interests in Chrysler Group LLC.
Automobiles
The Company's automobiles segment designs, develops and sells automobiles, which include Fiat, Alfa Romeo, Lancia, Abarth, Fiat Professional, Maserati and Ferrari. During the year ended December 31, 2009, this segment delivered a total of 2,150,700 passenger cars and light commercial vehicles.
Agricultural and Construction Equipment (CNH-Case New Holland)
The Company's agricultural and construction equipment segment is engaged in the development of the agricultural and construction equipment industries in Europe and the United States. CNH operates through six brands: Case IH, New Holland Agriculture, Steyr, New Holland Construction, Case Construction and Kobelo. Case IH includes a range of tractors, combines and bailers. New Holland Agriculture's products include tractors, harvesting equipment and te! lehandlers. Steyr is the producer of tractors in Austria. New Holland Construction is a produce r of construction equipment with a network of 800 dealers an! d more than 2,100 points of sale in 100 countries.
Case Construction sells and provides service support for a range of construction machinery: from loader backhoes to crawler and wheel excavators, from wheel loaders to wheel and crawler skid steer loaders, from articulated dumpers to telescopic handlers. Kobelco produces and sells a range of compact, mid-size and full-size excavators ranging from 1.9 to 88 tons. It owns more than 250 sales outlets located throughout North America.
Truck and Commercial Vehicles
Truck and Commercial Vehicles segment develops, produces and sells a range of trucks and buses under the brands, which include Iveco, Iveco Irisbus, Iveco Astra and Iveco Magirus. Iveco produces a range of light, medium and heavy commercial and industrial vehicles for transportation and distribution of goods. Iveco Irisbus offers a range of vehicles, from minibuses to touring coaches, from urban buses to interurban buses designed to provide a solution to a variety of transportation needs, whether intraurban or interurban.
Iveco Astra produces 2, 3 and 4-axle vehicles for mining and offers over 210 Extra Heavy-Duty models for dump bodies, water and fuel tanks, cement mixers and pumps, drills, mobile service. In addition, it provides rigid dumpers of 14, 28, 32 and 40 tons and articulated dumpers of 25, 30, 35 and 40 tons. Iveco Magirus offers s range of vehicles for situations like fire, floods, earthquakes and explosions. It offers them under the Iveco Magirus, Lohr Magirus, Iveco Special Vehicles and Camiva brands.
Components and Production Systems
The Company's products under the Components and Production Systems include FPT Powertrain Technologies, Magneti Marelli, Teksid and Comau. FPT Powertrain Technologies provides engines and transmissions. Magneti Ma! relli des! igns and produces automotive systems and components: from lighting to engine control systems, from suspensions to electronic systems, from exhaust system! s to comp! onents to the aftermarket and motorsport. Teksid is the producer of grey and nodular iron castings. It manufactures approximately 600 thousand tons of engine blocks, cylinder heads, engine components, transmissions parts, gearboxes and suspensions. Comau makes body welding and assembly robots, and machining and assembly for mechanical systems. It delivers turnkey solution, which includes design, production, installation, production startup and maintenance to the customers.
Other Businesses
The Company's other businesses includes the contribution from the Company's publishing businesses, service companies and holding companies.
Advisors' Opinion:- [By Martin Vlcek]
The company's products are shipped to customer locations in the U.S., Canada, Mexico, Europe, South America, Korea and China, and Strattec provides full service and aftermarket support. Strattec received the Supplier of the Year award from Chrysler, which is majority owned by Italy's Fiat (FIATY.PK), for 2013 in the Electronics category, and its alliance partners WITTE and ADAC received similar awards from Volkswagen and General Motors (GM), respectively. The company's largest customers are Chrysler, General Motors and Ford (F). Overall sales are highest in lock and key, followed by power access, ignition lock housings, the door handle and trim components and latching mechanisms. Direct sales to OEMs account for approximately 72% of total revenue, with the rest of sales being driven through OEM service channels, the aftermarket and to non-automotive commercial customers. Direct sales to the U.S. OEMs alone account for 66% of total revenue.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-quality-stocks-to-own-for-2015-2.html
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