Fiat Powertrain Technologies
|Founded||Turin, Italy (2012 )|
|Sergio Marchionne (President), Alfredo Altavilla (CEO)|
|Products||engines, transmissions and powertrains|
|Revenue||€7,000 billion (2007)|
Number of employees
|20,500 (February 2009)|
|Parent||Fiat Chrysler Automobiles|
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.
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.
The company has activities in nine different countries, it has 10 plants and around 20,000 employees. 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.
Fiat Powertrain innovations
- Variable Valve Timing (1960). First patent of automotive variable valve timing
- Common Rail technology (1997). Patent sold to Robert Bosch later
- MultiJet system (2003)
- MultiAir technology (2009)
- TwinAir two-cylinder engine (2010)
- Euro Twin Clutch Transmission (2010)
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.
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- "CNH Parts & Service and Fiat Powertrain Technologies Partner to Expand FPT North American Dealer Network". reuters.com. 2009-07-23. Retrieved 2009-10-12.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
- "Target Zero: Fiat's engine innovation explored" (19 February 2010). Wired. Retrieved 2 January 2015.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>