|29th March 2005, 17:56||#1|
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Fiat integrates group powertrain businesses in one division
Fiat SpA has just announced the creation of Fiat Powertrain Technologies, a new industrial operation that will integrate all Fiat Group’s activities in engines and transmissions.
The new company will operate in 12 countries with 26 plants and 16 research and development centres, and will combine the resources, employees and activities of Fiat Auto Powertrain, Iveco Powertrain, Magneti Marelli Powertrain (including Motor Sport), Iveco Motoren Forschung, and the powertrain research activities of Fiat Research Centre and Elasis.
Domenico Bordone, currently Magneti Marelli CEO, will be appointed CEO of the new company, which will have its headquarters in Turin.
Fiat Powertrain Technologies will start operating with annual revenues of €6 billion, 20 per cent of which will be from non-captive customers. It will employ over 23,000 employees: 11,000 drawn from Fiat Auto, 7,200 from Iveco, 3,800 from Magneti Marelli Powertrain and over 1,000 from the Fiat Research Centre, Iveco Motoren Forschung and Elasis.
The new grouping will have an annual output of over 2,200,000 engines, some 2,000,000 transmissions, and an extensive range of both power outputs and applications.
Powertrain Technologies’ business activities will be managed according to the following strategic guidelines:
- Development of markets outside Fiat Group;
- Enhancement of centres of technological excellence and systematic transfer of results to the product range;
- Integration of engineering capabilities from product development to the testing phase, to product life-cycle management;
- Synergies of the industrialisation and manufacturing process;
-Synergies in purchasing thanks to innovation, technological rationalisation and larger volumes;
- Greater focus of R&D investments for environment-friendly powertrains, such as methane, hybrid, fuel-cell.
“This new business, which represents a fundamental step in the relaunch of the Fiat Group, will allow us to operate with greater flexibility and to leverage on the huge potential – particularly in the non-captive market – that up to now has been divided into different units,” said Sergio Marchionne, Fiat Group CEO. “The integration of activities, products and highly qualified people will allow us to fully express Fiat Group’s great technological and innovation capabilities.
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