Fiat Powertrain Technologies
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| Subsidiary | |
| Industry | Automotive |
| Founded | Turin, Italy (2012) |
| Headquarters | Turin, Italy |
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Key people
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Sergio Marchionne (President), Alfredo Altavilla (CEO) |
| Products | engines, transmissions and powertrains |
| Revenue | €7,000 billion (2007)[1] |
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Number of employees
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20,500 (February 2009) |
| Parent | Fiat Chrysler Automobiles |
| Subsidiaries | VM Motori |
| Website | Fiat Powertrain |
Fiat Powertrain Technologies (FPT) was established in January 2012, as a spinoff from Fiat Group Automobiles, which includes all the activities related to powertrains and transmissions to Fiat Group Powertrains and Iveco Motors Fiat Group's research center.[2]
Between 2005 and 2011, the company was called Fiat Powertrain Technologies S.p.A. and included industrial and commercial power train activities that are now a separate entity called FPT Industrial and a subsidiary of Fiat Industrial. The company was originally formed in March 2005 following the dissolution of joint venture with General Motors. It is a successor to Sofim.[citation needed]
The company has activities in nine different countries, it has 10 plants and around 20,000 employees.[3] With output of around 2.9 million engines and 2.4 million transmissions and axles annually, Fiat Powertrain Technologies is one of the largest companies in the powertrain sector.[4]
Fiat Powertrain innovations
- Variable Valve Timing (1960). First patent of automotive variable valve timing
- Common Rail technology (1997). Patent sold to Robert Bosch later[5]
- MultiJet system (2003)
- MultiAir technology (2009)
- TwinAir two-cylinder engine (2010)
- Euro Twin Clutch Transmission (2010)
FPT Industrial
As a result of partial and proportional demerger of Fiat S.p.A. TO Fiat Industrial S.p.A., Fiat Powertrain Technologies S.p.A. was split into Fiat Powertrain and FPT Industrial S.p.A., effectively on 2001-01-01.
Fiat Industrial S.p.A. produces industrial, marine and commercial engines and powertrains.
See also
References
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External links
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