Fiat S.p.A. is an Italian automobile manufacturer founded in 1899 in Turin, Italy. The name "Fiat" stands for "Fabbrica Italiana Automobili Torino," which translates to "Italian Automobile Factory of Turin." The company is known for producing a wide range of vehicles, including compact cars, sedans, and commercial vehicles. In 2009, Fiat acquired a stake in Chrysler Group LLC, which led to the formation of Fiat Chrysler Automobiles (FCA) in 2014. This merger expanded Fiat's global reach and diversified its product lineup, allowing it to compete more effectively in the automotive market.