Fiat has a few things going for it, they are the only Automobile manufacturer of any size in Italy, they own many of the smaller Italian car brands (Ferrari, Alfa Romeo, Lancia, Abarth) pretty much giving them the Italian automobile market, or at least until they started the EU. It is a public company, but much like Ford it's still family controlled so many of their decisions are made with more of a long term look than other public companies that focus more on quarterly and yearly profits. Their management seems to do better at change and realized years ago that if they didn't find ways to be competitive in markets outside of Italy and Europe they would not survive, hence the deal to tie up with GM that fell through and the eventual acquisition of Chrysler to get them back into the US market. On the tractor and implement business they where aggressive and acquired enough QUALITY manufacturers to insure they would be one of the last 3 or 4 standing and their heavy truck business now has the vestiges of Swedish and French Manufacturers in their products. Simply stated they have so far been successful in growing their business presence in the markets they choose to stay in and by growth and acquisition they have controlled enough of the market to remain viable. The fact that they are headquartered in a country that appreciates business and understands that businesses hire people and that creates growth and stability in their economy helps and that the Italian government understands the value of exports to their economy also has helped their success.
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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