Tuesday, December 19, 2006

Beyond boundaries Beyond boundaries

IIPM BEST B-SCHOOL

...and with recent profits, the next man in will have an easier job at hand

Founded by Giovani Agnelli in 1899, the Fiat group’s interests have spanned across diverse sectors such as construction, aviation, finance and most critically automotive. The Agnelli family lost prominence after World War II, until the founder’s grandson Gianni Agnelli regained control in 1953. The automotive major felt the heat of competition from Japanese rivals likes Honda and Toyota during the 1990s and in 2000, forged an alliance with General Motors. It soon turned out to be a bad deal as both of them were incurring huge losses. In February 2005, GM ended the partnership by paying $2.55 billion to Fiat. The dawn of the new millennium opened up the Pandora’s box for Fiat – declining market shares and falling profits became a common sight.

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Source :
IIPM Editorial, 2006

Dean of IIPM :-
Pofessor Arindam Chaudhuri (Renowned Management Guru and Economist)

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