Fiat S.p.A.

Type	Società per azioni
Traded as	BIT: F
Industry	Automotive Media
Founded	11 July 1899 in Turin, Italy
Founder(s)	Giovanni Agnelli
Headquarters	Turin, Italy
Key people	John Elkann (Chairman), Sergio Marchionne (CEO)
Products	Automobiles, commercial vehicles, auto parts, newspapers, production systems
Production output	2,046,060 units (automobiles and LCVs, 2011)[1]
Revenue	€37.382 billion (2011)[1]
Operating income	€992 million (2010)[2]
Profit	€179 million (2010)[2]
Total assets	€73.44 billion (end 2010)[2]
Total equity	€12.46 billion (end 2010)[2]
Employees	137,800 (end 2010)[2]
Subsidiaries	List[3] Automobiles Ferrari (90%) Maserati Fiat Group Automobiles Abarth Alfa Romeo Fiat Automobiles Fiat Professional Lancia Chrysler (58.5%) Chrysler Dodge Jeep Ram Trucks Mopar Components and production systems Fiat Powertrain Magneti Marelli Comau Teksid Publishing and advertising Itedi La Stampa Publikompass
Website	fiatspa.com

Fiat S.p.A., (Fabbrica Italiana Automobili Torino)^[4] (Italian Automobile Factory of Turin), is an Italian automobile manufacturer based in Turin. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. During its more than a century long history, Fiat has also manufactured railway engines and carriages, military vehicles, and aircraft. As of 2009, the Fiat group (not inclusive of its subsidiary Chrysler) was the world's ninth largest carmaker and the largest in Italy.^[5]

Fiat-based cars are built around the world. Outside Italy, the largest country of production is Brazil, where the Fiat brand is the market leader.^[6] The group also has factories in Argentina and Poland and a long history of licensing production of its products in other countries. It also has numerous alliances and joint ventures around the world, the main ones being located in Italy, France, Turkey, Serbia, India and China.

Agnelli's grandson Gianni Agnelli was Fiat's chairman from 1966 until 1996; he then served as honorary chairman from 1996 until his death on 24 January 2003, during which time Cesare Romiti served as chairman. After their^{[clarification needed]} removal, Paolo Fresco served as chairman and Paolo Cantarella as CEO. Umberto Agnelli then took over as chairman from 2003 to 2004. After Umberto Agnelli's death on 28 May 2004, Luca Cordero di Montezemolo was named chairman, with Agnelli heir John Elkann becoming vice chairman (at the age of 28), and other family members also serving on the board. At this point, CEO Giuseppe Morchio resigned, and Sergio Marchionne was named to replace him on 1 June 2004.

In September 2010, shareholders approved a plan to split Fiat's capital goods businesses from the group. Agricultural and construction equipment manufacturer CNH Global NV, truck maker Iveco, and the industrial and marine division of Fiat Powertrain Technologies were spun off into a new group on 1 January 2011. The parent company, Fiat Industrial S.p.A., was listed on the Milan stock exchange on 3 January 2011.^[7]

History[link]

Fiat 3 ½ CV (1899)

Giovanni Agnelli founded Fiat in 1899 with several investors and led the company until his death in 1945, while Vittorio Valletta administered the firm's daily activities. Its first car the 3 ½ CV (of which only eight copies were built, all bodied by Alessio of Turin)^[8] strongly resembled contemporary Benz,^[9] and had a 697 cc (42.5 cu in) boxer twin engine.^[9] In 1903, Fiat produced its first truck.^[10] In 1908, the first Fiat was exported to the US.^[10] That same year, the first Fiat aircraft engine was produced. Also around the same time, Fiat taxis became somewhat popular in Europe.^[11] By 1910, Fiat was the largest automotive company in Italy — a position it has retained since. That same year, a plant licensed to produce Fiats in Poughkeepsie, NY, made its first car. Owning a Fiat at that time was a sign of distinction. The cost of a Fiat in the US was initially $4,000^[12] and rose up to $6,400 in 1918^[13], compared to $ 825 for a Ford Model T in 1908^[14], and $ 525 in 1918, respectively^[15]. Upon the entry of the US into World War I in 1917, the factory was shut down as US regulations became too burdensome. At the same time, Fiat had to devote all of its factories to supplying the Allies with aircraft, engines, machine guns, trucks, and ambulances. After the war, Fiat introduced its first tractor, the 702.^[16] By the early 1920s, Fiat had a market share in Italy of 80%.^[17]

Corso Dante plant

Lingotto factory (1928)

Advertisement, 1939

Mirafiori plant

Lingotto factory (today)

In 1921, workers seized Fiat's plants and hoisted the red flag of communism over them. Agnelli responded by quitting the company. However, the Italian Socialist Party and its ally organization, the General Confederation of Labor, in an effort to effect a compromise with the centrist parties ordered the occupation ended. In 1922, Fiat began to build the famous Lingotto car factory — then the largest in Europe  — which opened in 1923. It was the first Fiat factory to use assembly lines; by 1925, Fiat controlled 87% of the Italian car market.^[18] In 1928, with the 509, Fiat included insurance in the purchase price.^[19]

Fiat made military machinery and vehicles during World War II for the Army and Regia Aeronautica and later for the Germans. Fiat made obsolete fighter aircraft like the biplane CR.42, which was one of the most common Italian aircraft, along with Savoia-Marchettis, as well as light tanks (obsolete compared to their German and Soviet counterparts) and armoured vehicles. The best Fiat aircraft was the G.55 fighter, which arrived too late and in too limited numbers. In 1945 — the year Mussolini was overthrown — the Italian Committee of National Liberation removed the Agnelli family from leadership roles in Fiat because of its ties to Mussolini's government. These were not returned until 1963, when Giovanni's grandson, Gianni, took over as general manager until 1966, as chairman until 1996.

Gianni Agnelli[link]

Gianni Agnelli (in the center) and the FIAT board of directors meet Italian President Sandro Pertini (at his right) during an official visit to the new Sevel Val di Sangro factory, 1981.

Among the younger Agnelli's first steps after gaining control of Fiat was a massive reorganization of the company management, which had previously been highly centralized, with little provision for the delegation of authority and decision-making. Such a system was effective in the past, but lacked the responsiveness and flexibility needed by Fiat's steady expansion, and the growth of its international operations in the 1960s. The company was reorganized on a product-line basis, with two main product groups — one for passenger cars, the other for trucks and tractors — and a number of semi-independent division and subsidiaries. Top management, freed from responsibility for day-by-day operations of the company, was able to devote its efforts to more far-reaching goals. In 1967, Fiat made its first acquisition when it purchased Autobianchi; with sales amounting to $1.7 billion, it outstripped Volkswagen, its main European competitor, and in 1968 produced some 1,750,000 vehicles while its sales volume climbed to $2.1 billion. According to Newsweek in 1968, Fiat was "the most dynamic automaker in Europe...[and] may come closest to challenging the worldwide supremacy of Detroit." Then, in 1969, it purchased controlling interests in Ferrari and Lancia. At the time, Fiat was a conglomerate, owning Alitalia, toll highways, a typewriter and office machine manufacturer, electronics and electrical equipment firms, a paint company, a civil engineering firm, and an international construction company. Following up on an agreement Valletta had made with Soviet officials in 1966, Agnelli constructed the AvtoVAZ plant in the new city of Togliattigrad on the Volga. This began operation in 1970, producing a local version of the Fiat 124 as the Lada. On his initiative, Fiat automobile and truck plants were also constructed in industrial centers of Yugoslavia, Poland, Bulgaria, and Romania.

Despite offering a relatively competitive range of cars, Fiat was not immune from the financial pressures that the auto industry confronted following the 1973 oil price shock. Towards the end of 1976 it was announced that the Libyan government was to take a 9.6% shareholding in the company in return for a capital injection worth an equivalent of £250 million.^[20] The size of the Libyan investment is apparent when it is compared to the £310 million IMF loan that the Italian government was trying to negotiate at the time.^[20] Other aspects of the Libyan agreement included the construction of a truck and bus plant at Tripoli.^[20] Chairman Agnelli candidly described the deal as "a classic petro-money recycling operation which will strengthen the Italian reserves, provide Fiat with fresh capital and give the group greater tranquility in which to carry out its investment programmes".^[20] Equally noteworthy was the fact that despite the dilutive effect of the Libyan investment on existing shareholders, the company's largest shareholder, the Agnelli family, retained a 30% stake in the recapitalised business.^[20]

In 1979, the company became a holding company when it spun off its various businesses into autonomous companies, one of them being Fiat Auto. That same year, sales reached an all-time high in the US, corresponding to the Iranian Oil Crisis. However, when gas prices fell again after 1981, Americans began purchasing sport utility vehicles, minivans, and pickup trucks in larger numbers (marking a departure from their past preference for large cars). Also, Japanese automakers had been taking an ever-larger share of the car market, increasing at more than half a percent a year. Consequently, in 1984, Fiat and Lancia withdrew from the United States market. In 1989, it did the same in the Australian market, although it remained in New Zealand.

In 1986, Fiat acquired Alfa Romeo from the Italian government. Also, in 1986 15% of Fiat company stock was still owned by Libya, an investment dating back to the mid-seventies. US foreign policy under President Reagan's administration canceled a Pentagon contract to produce earth movers with Fiat and pressured the company into brokering a buyout of the Libyan investment. In 1992, two top corporate officials in the Fiat Group were arrested for political corruption.^[21] A year later, Fiat acquired Maserati. In 1995 Alfa Romeo exited the US market. Maserati re-entered the US market under Fiat in 2002. Since then, Maserati sales there have been increasing briskly.

Paolo Fresco[link]

Paolo Fresco became chairman of Fiat in 1998 with the hope that the veteran of General Electric would bring more emphasis on shareholder value to Fiat. By the time he took power, Fiat's market share in Italy had fallen to 41%^{[citation needed]} from around 62% in 1984.^{[citation needed]} However, a Jack Welch-like management style would be much harsher than that used by the Italians (e.g., precarious versus lifetime employment). Instead, Fresco focused on offering more incentives for good performance, including compensation using stock options for top and middle management.

However, his efforts were frustrated by union objections. Unions insisted that pay raises be set by length of tenure, rather than performance. Another conflict was over his preference for informality (the founder, Giovanni Agnelli, used to be a cavalry officer). He often referred to other managers by their first name, although company tradition obliged one to refer to others using their titles (e.g., "Chairman Fresco"). The CEO of the company, Managing Director Paolo Cantarella, ran the day-to-day affairs of the company, while Fresco determined company strategy and especially acted as a negotiator for the company. In fact, many speculated the main reason he was chosen for the job was to sell Fiat Auto (although Fresco fervently denied it).^{[citation needed]} In 1999, Fiat formed CNH Global by merging New Holland NV and Case Corporation.

Partnership with GM[link]

This section requires expansion.

The current CEO views alliances such as these as the deciding factor of the future success of Fiat. In 2005, Fiat was courting Ford.^[22]

As part of the recent divestitures, under the guidance of CEO Giuseppe Morchio in 2003 Fiat shed its insurance sector, which it was operating through Toro Assicurazioni to the DeAgostini Group. In the same year, Fiat sold its aviation business, FiatAvio to Avio Holding. In February 2004, the company sold its interest in Fiat Engineering, as well as its stake in Edison.

Fiat faces a multitude of threats, including rising steel prices (up by 16–30% beginning of 2008),^[23] a strong Euro, and increased competition from Japanese and South Korean car manufacturers in Europe. Although the light-vehicle market share of Japanese and South Korean automakers in Europe is less than in the US (12.5% and 3.9%, respectively versus 30% and 3.9% in the US), it has been increasing steadily at about a half a percent a year.^{[citation needed]} In April and May 2009, the possibility of a takeover of Adam Opel GmbH, a subsidiary of General Motors, was being discussed between the two companies. The deal fell through, and General Motors held on to Opel/Vauxhall.

Sergio Marchionne[link]

Fiat 500

Sergio Marchionne has impressed investors since taking over as CEO in June, 2004.^[24] Losses have fallen steadily since 2002, and Q4 of FY2005 saw its first profit in 17 quarters, and had a profit of €196M for the first 9 months of FY2006.^[25] Mr. Marchionne has reduced Fiat's managerial bureaucracy and changed its tone to a focus on markets and profit. While the chairman, Luca di Montezemolo, dealt with politicians and unions, Marchionne rebuilt the car business. The success of the Grande Punto model has in large part been responsible for the turnaround in Fiat's fortunes, but the quite successful Bravo (successor to the Stilo) and the award winning 500 have really cemented it. Fiat has formed a joint venture with India's TATA Motors and China's Chery motors. Under Marchionne it has also re-entered several large markets that it had exited years before, such as Mexico and Australia. In December 2008, Marchionne announced Fiat have to become one of the top five automakers to survive in the long run. In 2009, Fiat expressed interest in acquiring General Motors' Opel and South American operation. GM declined Fiat's offer.^[26] In Marchionne´s leadership Fiat returned to the United States and Canada markets with the new 500.

• 

  John Elkann, Chairman of the Fiat Group

• 

  Sergio Marchionne, Chief Executive Officer of Fiat Group

Acquisition of Chrysler[link]

On 20 January 2009, Fiat S.p.A. and Chrysler LLC announced their intention to form a global alliance. Under the terms of the agreement, Fiat would take a 20% stake in Chrysler and gain access to its North American distribution network in exchange for providing Chrysler with technology and platforms to build smaller, more fuel-efficient vehicles in the US and providing reciprocal access to Fiat's global distribution network.^[27][28]

In addition, the proposed agreement would entitle Fiat to receive a further 15% (without cash consideration) through the achievement of specific product and commercial objectives. No cash or financial support was required from Fiat under the agreement. Instead it would obtain its stake mainly in exchange for covering the cost of retooling a Chrysler plant to produce one or more Fiat models for in the US. Fiat would also provide engine and transmission technology to enable Chrysler to introduce smaller, fuel-efficient models in the NAFTA market. The deal was engineered by Fiat chief Sergio Marchionne, who pulled the Italian group back from the brink of collapse after taking over in 2004. The principal objective of the partnership was to provide both groups with significantly enhanced economies of scale and geographical reach at a time when they were struggling to compete with larger and more global rivals such as Toyota, Volkswagen and alliance partners Renault S.A. and Nissan.^[27]

On 30 April 2009, Fiat announced the signing of a series of agreements to form a global strategic alliance with Chrysler,^[29] with Fiat receiving an initial 20% stake and the option to further purchase/receive additional ownership interests in Chrysler, pursuant to certain conditions being met. Fiat's shareholding would be capped at 49%, however, until all government loans had been repaid.^[30][31]

Fiat would not have to pay any money for its 20% of Chrysler. On 7 June 2009, the Indiana State Police Pension Fund, the Indiana Teacher's Retirement Fund, and the state's Major Moves Construction Fund asked the US Supreme Court to delay the sale of Chrysler to Fiat while they challenge the deal. The funds argued that the sale went against US bankruptcy law because it unlawfully rewarded unsecured creditors ahead of secured creditors.^[32] On 9 June 2009, the Supreme Court lifted the temporary hold, clearing the way for Fiat to acquire Chrysler.^[33] See Indiana State Police Pension Trust v. Chrysler for more information. On 10 June, the Supreme Court announced that Fiat was now an owner of the new Chrysler a.k.a. Chrysler Group LLC.

Marchionne was appointed CEO of Chrysler following its emergence from bankruptcy proceedings. Under his leadership, Chrysler has taken on a structure similar to that of Fiat and has released, in quick succession, a large number of completely redesigned or refreshed vehicles.^{[citation needed]} Fiat launched its 500, which had been available in Europe since 2007, in the United States and Canada in 2011, marking the company's return to the American auto market, which it had been absent from since 1984. Prior to this, Fiat's main presence on the continent was Mexico, where it offers a greater variety of products than in the United States and Canada.

On 10 January 2011, Fiat announced that it had increased its share in Chrysler from 20% to 25% following the achievement of the first of three performance objectives.^[34] On 11 April 2011, it announced achievement of the second performance objective, increasing its stake a further 5% to 30%.^[35] On 24 May 2011, Fiat announced that it had paid Chrysler US$ 1,268 million for a further 16% interest, increasing its stake total stake to 46% (fully diluted). The transaction coincided with Chrysler refinancing its debt to the U.S. and Canadian governments.^[36] On 25 May autonews.com reported that Fiat could buy government stakes in Chrysler as soon as the end of July 2011, increasing its total stake to 54%.^[37]

In May 2011, it emerged that Fiat could actually increase its stake in Chrysler Group to more than 70 percent through the exercise of further options.^[38]

In a regulatory filing dated 22 July 2011, the Michigan-based automaker reported that Fiat held a 53.5% interest (fully diluted). Fiat and Chrylser have both stated that they expect that interest to reach 58.5% by the end of 2011 as result of achievement of the third of the three performance objectives.^[39] In 5 January 2012 Fiat released press info that the ownership has increased to 58.5%.^[40]

Partnership with Mazda[link]

In 2012, Fiat formed an alliance with Mazda to develop and build a new roadster for the Mazda and Alfa Romeo brands.^[41]

Activities[link]

Fiat Group revenues by sector in 2009.

The group's activities were initially focused on the industrial production of cars, industrial and agricultural vehicles. Over time it has diversified into many other fields, and the group now has activities in a wide range of sectors in industry and financial services. It is Italy's largest industrial concern. It also has significant worldwide operations, operating in 61 countries with 1,063 companies that employ over 223,000 people, 111,000 of whom are outside Italy.

Principal subsidiaries[link]

Fiat's principal operating subsidiaries (direct and indirect) include: Fiat Group Automobiles S.p.A. (FGA); Chrysler Group LLC (a subsidiary of FGA); Fiat Automoveis, S.A. (subsidiary of FGA); FGA Capital S.p.A. (a JV held 50% by FGA); Ferrari S.p.A.; Maserati S.p.A.; Fiat Powertrain Technologies S.p.A.; Magneti Marelli S.p.A.; Teksid S.p.A.; Comau S.p.A.; Itedi-Italiana Edizioni S.p.A. (see 2010 Annual Report^[42]).

Automotive[link]

For Fiat branded cars see Fiat Automobiles

Global locations of Fiat Group automobile production sites. (Including own plants, joint ventures and license production)

Fiat 500 (2007)

Lancia Delta

Alfa Romeo 159

Maserati GranTurismo

Ferrari 458 Italia

Fiat is the largest vehicle manufacturer in Italy, with cars ranging from small Fiat city cars to sports cars made by Ferrari, and vans and trucks such as the Ducato. Besides Fiat Group Automobiles S.p.A, the Fiat Group automotive companies include Ferrari S.p.A. and Maserati S.p.A. The Fiat Group Automobiles S.p.A. companies include: Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Chrysler Group LLC, Fiat Automobiles S.p.A., Fiat Professional and Lancia Automobiles S.p.A.. Ferrari S.p.A. is 90% owned by the Fiat Group.^[43]

The European Car of the Year award, Europe's premier automotive trophy for the past 40 years, has been awarded twelve times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500 has won the award for European Car of the Year 2008.^[44]

List of Fiat Group models which have won European Car of the Year:

• 1967: Fiat 124
• 1970: Fiat 128
• 1972: Fiat 127
• 1980: Lancia Delta
• 1984: Fiat Uno
• 1989: Fiat Tipo
• 1995: Fiat Punto
• 1996: Fiat Bravo/Brava
• 1998: Alfa Romeo 156
• 2001: Alfa Romeo 147
• 2004: Fiat Panda
• 2008: Fiat 500

Commercial vehicles[link]

On 17 April 2007 Fiat Automobiles' light commercial vehicle unit Fiat Veicoli Commerciali was rebranded as Fiat Professional.^[45] Some of Fiat's light commercial vehicle products include the Fiat Ducato, Fiat Scudo and Fiat Doblò Cargo.

Fiat's main commercial vehicles unit Iveco was demerged into Fiat Industrial at the beginning of 2011. This encompasses trucks (Iveco and Seddon Atkinson), buses (Iveco and Irisbus) and firefighting vehicles (Camiva, Iveco and Magirus). For information on their military vehicles, see Ariete.

Components[link]

The major Italian component maker Magneti Marelli is owned by Fiat, and in turn owns the other brands Carello, Automotive Lighting, Siem, Cofap, Jaeger, Solex, Veglia Borletti, Vitaloni, and Weber; other accessory brands include Brazilian Cofap.

Metallurgical products[link]

Fiat owns Teksid S.p.A., the largest iron foundry group in the world with a production capacity of approximately 600,000 tons annually. The company was established in December 1978, and designs and produces cylinder blocks, cylinder heads, exhaust manifolds, drive shafts, camshafts and other components for automobiles and commercial vehicles. Teksid, which is specialized in casting and processing iron, has plants in France, Portugal, Poland, Brazil, Mexico and China. Since 2007, Teksid S.p.A. runs also Teksid Aluminum S.r.l. a company specialized in casting and producing auto components from aluminium alloys.

Production systems[link]

Production systems are made mainly through Comau S.p.A. (now Comau Systems), which bought the American Pico, Renault Automation and Sciaky and produces industrial automation systems. In the 1970s and 1980s, the company became a pioneer in the use of industrial robotics for the assembly of motor vehicles. Fiat assembly plants are among the best automated and advanced in the world.

Services[link]

An insurance company, Toro Assicurazioni, allowed Fiat to control a relevant part of this market (also with minor companies like Lloyd Italico) and to interact with some associated banks. Toro Assicurazioni was acquired by the giant insurance company Assicurazioni Generali and is no longer related to the Fiat Group. Fiat still retains control of Augusta assicurazioni.

Construction[link]

Ingest Facility and Fiat Engineering work in various fields of construction, while IPI is a mediation company that also deals with the management of real estate properties.

Information technology[link]

Fiat Group is present in IT fields and in communications with ICT — Information & Communication Technology, Espin, Global Value, TeleClient, London and Atlanet.

Publishing and communication[link]

Fiat group also owns important editorial brands, like La Stampa (created in 1926 for the famous newspaper), Itedi, and Italiana Edizioni. Some national and local newspapers are owned or otherwise controlled by the different companies. A specialised advertising space reseller is Publikompass, supported by the Consorzio Fiat Media Center.

Other activities[link]

Fiat Gesco, KeyG Consulting, Sadi Customs Services, Easy Drive, RM Risk Management and Servizio Titoli are minor companies that work for public services, delivering services in economics and financial fields. Other activities include industrial securitisation (Consorzio Sirio), treasury (Fiat Geva), Fiat Information & Communication Services.

Fiat supports the Fondazione Giovanni Agnelli, an important foundation for social and economic research. Palazzo Grassi, a famous ancient building in Venice, now a museum and formerly supported by Fiat, was eventually sold to the French businessman François Pinault in January 2005.

Fiat has recently begun sponsoring the Jamaican bobsledding team and promoting this sponsorship through commercials. Many like Jamaican athletes because they see them as underdogs and as people who enjoy life. While Volvo sponsors golf, Mercedes tennis, and Hyundai soccer, Fiat is trying to look unique and more light-hearted. Further, the team is relatively cheap to sponsor.^[46]

The group is present in many countries, not only in the West. Notably, it was one of the first companies to build factories in Soviet territory, with the best known examples in Vladivostok, Kiev and Togliatti. The Russian government later continued the joint venture under the name AutoVAZ (known as Lada outside the former USSR). The venture was most notable for the Lada Riva. Fiat also has a subsidiary in Poland at Tychy, (formerly called FSM) where Fiat's small cars (the 126, Cinquecento, Seicento, Nuova 500 and Ford Ka) and small diesel engines are made. Fiat also has factories in Argentina, Brazil, and Italy. In addition, its cars are produced through licensing and joint-venture agreements in China, Egypt, France, India, South Africa, Turkey, and Vietnam.^[47] Local variants of Fiats are produced at these factories as well as a world car, the Palio. As of 2005, the company holds the first position in the Brazilian automobile market with a market share close to 25%.

Fiat has articulated that it wishes to focus on expanding into third-world markets because, in the words of former chairman Paolo Fresco, "those are the only markets where you can expect growth.^[47] And it is true that Fiat's specialization in smaller cars puts it at an advantage in those markets, but cars sold in third-world countries tend to be much simpler than those sold elsewhere (e.g., most lack air conditioning), and thus require much less money to develop.

Fiat is also present in the combat vehicle sector through a consortium between Iveco and OTO Melara, their most notable product being the LAV B1 Centauro.

Former activities[link]

Agricultural and construction equipment[link]

Fiat Group previously owned CNH Global (which includes Case Construction, Case IH, Flexi-Coil, Kobelco, New Holland, New Holland Construction, and Steyr); and Fiat-Hitachi Construction. This was demerged into Fiat Industrial at the start of 2011. CNH is the second largest agricultural equipment manufacturer in the world after Deere & Company and is also the third largest producer of construction equipment after Caterpillar Inc. and Komatsu. When part of Fiat Group, CNH accounted for around 20% of its total revenues.^[48]

Aviation and motorcycles[link]

Fiat G91T training aircraft

Fiat, as Fiat Aviazione, was an important aircraft manufacturer, focused mainly on military aviation. After World War I, Fiat consolidated several Italian small aircraft manufacturers, like Pomilio and Ansaldo. Most famous were Fiat biplane fighter aircraft of the 1930s, Fiat CR.32 and Fiat CR.42. Other notable designs were fighters CR.20, G.50, G.55 and a bomber, the Fiat BR.20. In 1950s, the company designed the G.91 light ground attack plane. In 1969, Fiat Aviazione merged with Aerfer to create Aeritalia.

In 1959, Piaggio came under the control of the Agnelli family. In 1964, the aeronautical and motorcycle divisions split to become independent companies. The aeronautical division was named IAM Rinaldo Piaggio. Today the aeronautical company Piaggio Aero is controlled by the family of Piero Ferrari, which also holds 10% of the carmaker Ferrari.

The motorcycle division, Vespa, thrived until 1992, when Giovanni Alberto Agnelli became CEO — but Agnelli was already suffering from cancer, and died in 1997. In 1999, Morgan Grenfell Private Equity acquired Piaggio.

Rail transport[link]

Fiat Ferroviaria, there has been a long history going back pre WW2 of FIAT motive power used for both Diesel and electric locomotives and railcars (Littorine) not only in Italy, but other parts of Europe, and in South America, but from the 1970s onward, more widely known throughout the world with their successful commercial development of the Pendolino tilting trains, the first working prototype four car set being run in the mid-1970s.

Recreation[link]

The Fiat Group owned the Sestriere skiing facilities; the village in the Alps is a creation of the Agnelli family. The Sestriere skiing facilities were sold by the group in 2006.

Enterprises outside Italy[link]

See list of Fiat Group assembly sites

Fiat was a key player in developing motor industries for a number of countries from the 1950s, particularly in Eastern Europe, Spain, Egypt, Ethiopia and Turkey. The AutoVAZ state works Lada products in Tolyatti (Togliatti), Russia, were Fiat based, as were SEAT products of Spain. Lada is now controlled by Renault, and SEAT by Volkswagen. A small number of Fiats were built in Bulgaria. Among Fiat's earliest foreign assembly plants was one in Poughkeepsie, New York, between 1910 and 1913. The building is now part of the Marist College campus.

Fiat Automóveis (Brazil)[link]

The 1979 Brazilian Fiat 147 was the first modern car to run on pure hydrous ethanol fuel (E100).

Fiat Automóveis S.A., a subsidiary of Fiat S.p.A.,^[49] began making automobiles in Brazil in 1976 beginning with the production of the Fiat 147, the Brazilian version of the Italian Fiat 127, produced until 1986. More than 10,000,000 units were produced in Fiat Automóveis factory in Betim since 1976,^[50] plus 232,807 units in the Fiat Argentina plant of Córdoba.

Launched in July 1979, the 147 was the first mass produced car that ran on ethanol as fuel instead of petrol.^[51][52][53] The performance slightly increased and fuel consumption was 30% higher but the cost of the alcohol was a quarter of the gasoline because, at that time, petrol had become expensive as a consequence of the 1979 oil crisis. This version was nicknamed cachacinha (little cachaça) because it had the scent of that Brazilian drink.

The Fiat Siena Tetrafuel 1.4 is a multifuel car that runs as a flexible-fuel on pure gasoline, or E20-E25 gasohol, or pure ethanol (E100); or as a bi-fuel with CNG.

In October 1984 Fiat Automóveis introduce the Fiat Uno, as a 1985 model. Currently, the car is sold as the Fiat Mille, as an entry-level model, and received its most recent facelift for the 2004 model year. From 1984 until 2006, up to 2,000,000 Fiat Unos were made in Brazil. The production of the world car — the Fiat Palio – began in 1996.^{[citation needed]}

After the successful 2003 introduction of flexible-fuel vehicles in the Brazilian market,^[54] Fiat Automóveis launched its first flex model in March 2004, the Fiat Palio, followed by the Siena and Palio Weekend.^[55] Fiat sold 665,514 vehicles in Brazil in 2008,^[56] allowing the carmaker to continue as the market leader for seven years in a row.^[57] Flex fuel automobiles represented almost 100 percent of the car sales in 2008, and 92 percent of all light-duty trucks sold.^[58]

In 2006 Fiat introduced the Fiat Siena Tetra fuel, a four-fuel car developed under Magneti Marelli of Fiat Brazil.^[59][60] This automobile can run as a flex-fuel on 100% ethanol (E100); or on E20-E25 blend, Brazil's normal ethanol gasoline blend;^[61] on pure gasoline (though no longer available in Brazil since 1993,^[62][63] it is still used in neighboring countries); or just on natural gas (CNG). The Siena Tetrafuel was engineered to switch from any gasoline-ethanol blend to CNG automatically, depending on the power required by road conditions.^[64]

Fiat Argentina[link]

Fiat has been present in Argentina since the beginning of 20th century. There was a Fiat manufacturing plant in Córdoba at least as far back as 1954 when Fiat entered into a joint venture with two local companies to manufacture tractors. In 1959 the construction of a car plant in Caseros was approved, and 1960 saw the production there of the first Argentinian produced Fiat passenger car, a Fiat 600, after the Fiat 1100 Export and after in 1963 the Fiat 1500. In 1977 appears the Fiat 133, just a rebadged Seat 133 but made in Argentina. By 1978 a car manufacturing facility was well established in Córdoba, producing Fiat 128s as well as two models which from the Italian perspective belonged in earlier decades, the 125 (with some derivates) and the 600R.^[65]

In 1980 a joint venture with PSA called Sevel Argentina S.A. was begun, which lasted until 1995. The current day automobile manufacturing started with a new factory opened in Córdoba on 20 December 1996.^[66] From April 1997 the Siena and Palio models production started.

Production was suspended in the early 2000s as the Argentinean economy went downhill. In 2008 Fiat invested new money and the production of Fiat Siena saloon and the Fiat Palio was started. In October 2009, a Fiat Siena HLX becomes the 2 million unit produced by Fiat in Argentina. The Fiat Auto Argentina S.A. is Fiat S.p.A. owned company.^[67]

Fiat Serbia[link]

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Its first enterprise came in 1955, when it agreed to a deal with Yugoslav carmaker Zastava to assemble Fiats for Eastern Europe. The first cars produced by Zastava were its versions of the Fiat 1300 and Fiat 1400. By 1970, Zastava was producing parts for the newer Fiat 124 and Fiat 125 models, which were assembled in Poland. The Zastava 750, launched in 1962, was Zastava's version of the iconic Fiat 600 minicar. It outlived the car on which it was based, with production lasting until 1981.

Zastavas were not popular outside of Eastern Europe before the 1980s, although they were exported to the US under the Yugo brand beginning in 1985.

The most famous product launched by Zastava is the Zastava 101, a front-wheel drive car based on the Fiat 128, also available as a hatchback version never sold in Italy. Despite numerous bad press about quality and reliability, it sold well in Yugoslavia due to its low price, cheap maintenance costs and simple mechanical design.

With the demise of the aged Zastava 750 in 1981, the minicar gap in the Zastava range was filled by the Zastava Koral, which was best known in Britain and America as the Yugo Tempo. It was based on the 1971 Fiat 127, which was due to be replaced by the Fiat Uno in 1983. It was among the cheapest cars sold in both countries, and it was well received in its class in Britain, but not so in the more competitive US market. But hostility towards Yugoslavia in the wake of the 1992 civil unrest saw a swift ending of imports to both Britain and America.

The Zastava factory in Kragujevac was later bombed, but was rebuilt after the war ended, and production continued at another factory in Kragujevac.

In 1987, Zastava came up with a new car design. The Zastava Florida – known in other markets as the Yugo Sana – was styled by Giorgetto Giugiaro at the ItalDesign studio, featured a range of refined Peugeot engines, and was mechanically similar to the forthcoming and highly acclaimed Fiat Tipo. It was sold in Britain from 1988 to 1992, but was withdrawn from sale for a number of reasons — particularly the domestic upheavals in Yugoslavia and the fall in popularity of the whole Yugo range in Britain. Sales continued in its homeland, with an update at the end of the 1990s.

Zastava did not launch another new car for another 16 years. The 2003 Zastava 10 model was another Fiat design — this time the second generation Punto. It boasts similar features to the Punto and other cars in its class such as the Volkswagen Polo. It is competitively priced compared to other similar-sized cars, including the Punto on which it is based.

Four years after its launch, the Zastava 10 has not yet been sold outside of the former Yugoslavia.

According to Fiat sources a new memorandum of understanding between Fiat and the Serb ministry of economic and regional development about the acquisition of Zastava's Kragujevac plant foresees a new company being set up in which the Italians would have a 70 percent stake and the Serb government 30 percent.^[68] Several models are to be introduced to the plant once its upgrade is complete, including possibly the Fiat 500 and the new low cost vehicle that Fiat is introducing to compete with Renault's Dacia brand.

Once fully bought by Fiat in 2008, the factory was renamed from "Zastava Automobili Srbija" to "Fiat Automobili Srbija" and the production of Fiat cars only has started.

In 2010 and 2011, FAS (Fiat Automobili Srbija) has seen large scale reconstruction. FAS made preparations for the production of new model, code named "ElleZero" (L0). New modern montage line was installed, new production buildings were built, and storage space was expanded. First sample of a new car was taken from the montage line in December 2011. Large scale production is scheduled to start in first quarter of 2011. According to plans factory should meet median production of 300 000 cars annually in 2013. In the same time with company renovation, industrial zone was expanded to accommodate space for cooperant companies in Customs Free zone „Grošnica“, initially planned to be built on location „Korman Polje“.

It is expected that a new car model, codenamed Fiat "ElleZero", will be produced in Serbia sometime in 2012.

Polski Fiat/FSO (Poland)[link]

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Fiat automobiles have been made in Poland since 1920. In 1932, the Polskie Zakłady Inżynieryjne (Polish Engineering Works, PZInż) started the production of Fiat 508, produced until 1939 also as a military vehicle. In 1936 the licence was extended to include the Fiat 518 model. In 1965, the Polish communist government signed a deal with Fiat to produce selected Fiat models in Poland at the FSO factory in Warsaw that had been built in 1951. Production of the new car — the Polski Fiat 125p – began in 1967. It was visually identical to the Fiat 125, but it made use of older Fiat mechanicals which dated back to 1960. The car sold well in its homeland and was soon exported to Western Europe. In 1978 it appeared on a new five-door hatchback, the FSO Polonez, that made use of Fiat 125p running gear. After 1982, Fiat withdrew its licence; since then FSO badge was reinstated.

The Polski Fiat 125p design survived until 1991, by which time almost 1,500,000 had been made in less than 25 years. It was a cheap competitor for similar Eastern European budget cars, and by the time of its demise, many Eastern European carmakers were adopting modern Western style designs in place of the archaic three-box saloons that had barely moved out of the 1960s.

FSO was taken over by Daewoo of South Korea in 1995, by which time the FSO Polonez had been replaced by the Caro, which was little more than a facelift of the 1978 design with underpinnings dating back to 1960. This car was sold in Western Europe until the end of the 1990s, and production finally finished in 2002.

FSO had become independent again in late 2000, after Daewoo went bankrupt and was taken over by General Motors. Despite this, FSO continued to build versions of the Daewoo Matiz and Daewoo Lanos. These cars remain in production to this day, although the target of the factory is to focus on the production of the Chevrolet Aveo which has already been introduced.

Fiat 500 & 126

The Fabryka Samochodów Małolitrażowych (FSM) in Bielsko-Biała and Tychy started the output of the Fiat 126(p) in 1973 and the Cinquecento in 1991.

In 1992 90% of stock of FSM (Fiat Auto Poland, since 1993) was purchased by Fiat Auto. since then it produced Cinquecento, Uno, Seicento, Siena and Palio Weekend models with the capacity up to 200.000 cars a year. In 2003, FSM become the sole producer of Fiat Panda, and in 2007 of new Fiat 500 model. The capacity was increased to ca. 280.000 cars a year, and due to new investments in 2006–2007 will reach over half a million in 2008. This will enable Fiat Auto Poland to include a new model of the Ford Ka, a joint Ford-Fiat project, in its production. It is worth noting both Panda and 500 were selected European car of the year, respectively in 2004 and 2008.^[69]

Other Fiat investment in Poland is a joint Fiat-GM venture of Powertrain, producing multijet (see JTD engine) car engines both for Fiat and GM models.

AutoVAZ Lada (Russia)[link]

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In 1966, Fiat helped USSR state industries build a new car factory (AvtoVAZ) on the Volga river. A planned city called Tolyatti (named after Palmiro Togliatti, former Italian Communist Party Secretary) was developed around the factory, which started producing a "people's car" similar to the Volkswagen Beetle and Citroën 2CV of Germany and France. The new Soviet car, called the Lada, was a more spacious offering, in four-door saloon and five-door estate variants. Fiat installed British machine tools supplied by Herbert-BSA^[70] of Birmingham for the manufacture of many Lada parts. The 124's design was mechanically upgraded to survive treacherous Russian driving conditions and extremely cold winters. Imports to Western Europe, Canada, and some third world countries sold well owing to their low price. This car was upgraded to become the Lada Riva (marketing name in some markets) in 1980.

The four-wheel drive Lada Niva uses some Fiat based components, e.g. engine and gearbox, but the body and four-wheel drive system are VAZ designs.

Sollers[link]

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In June 2008 Fiat and Severstal's Sollers JSC formalised a number of joint ventures to make and sell Fiat cars and engines in Russia.

In June 2011 Sollers JSC declined previous agreements with Fiat and announced that a joint venture would be created with Ford motor company.

Bulgaria[link]

1967–1971 produced Pirin-Fiat in Lovech, Bulgaria.

Tofaş (Turkey)[link]

Tofaş is joint venture owned by Fiat SpA and Koç Holding (37.8% Fiat Group Automobiles, 37.8% Koc and 24.3% others).^[71] The Fiat 124 was produced under licence by Tofaş as the Tofaş Murat. This was replaced by a version of the Fiat 131, known as the Tofaş Şahin. Today the Fiat Linea car is amongst those manufactured by the Fiat-Tofas joint venture in Turkey, and the company has 12.1% of the Turkish car market as of 2007.^[72]

SEAT (Spain)[link]

In Spain, SEAT – Sociedad Española de Automóviles de Turismo (Spanish Touring Car Company) was established with Fiat assistance in 1950, producing Fiat models under its own brand name until 1981, when Fiat withdrew its support. In 1982 SEAT signed a cooperation agreement with the German manufacturer Volkswagen and by the end of 1986 after a purchase of a majority stake SEAT had become part of the Volkswagen Group. However, production of some Fiat-based models continued, ending with the Fiat-based SEAT (the Marbella) in 1996.

South Africa[link]

In South Africa, the Fiat Uno was assembled under licence by Nissan, which marketed it through its dealerships as the Uno, with limited Fiat branding.

Ethiopia[link]

The Fiat 131, known as the Holland Car DOCC.

Egypt[link]

Following the Egyptian Revolution of 1952, President Gamal Abdel Nasser ordered the EGID (General Intelligence Agent) to establish a state owned automobile company. Nasr was founded in 1960 in Helwan, Egypt. It began producing some Fiat based models, but later produced the Tofaş Şahin under license by Tofaş. The Fiat 128 last model was built in 2008, while the Şahin is in production in Egypt.

Currently the El-Mashreq Company, a part of the Seoudi Group is the main manufacturer of Alfa Romeo and Fiat vehicles for the Egypt market. The AAV was also an Egypt manufacturer for Fiat. They assembled the Fiat Ritmo in order of Nasr.

India (Premier Automobiles)[link]

Premier Automobiles Limited is a Mumbai-based manufacturer of vehicles founded in 1944. In 1951, the company began producing versions of the Fiat 500 for the Indian market. This was followed by the Fiat 1100 in 1954. In 1973, the Premier name was used on its vehicles for the first time, the Premier President, based on the Fiat 1100 as Premier Padmini. In 1984, they launched the Fiat 124-based Premier 118NE and 138D models.

Fiat India Automobiles Private Limited (FIAPL) is a joint venture between Fiat and Mumbai based Tata Motors. It was founded in 1997. Fiat builds the Palio Stile and Palio Stile Multijet in India and imports its Fiat 500 into India from Italy, whereas Fiat has many cars under its hood planned for India like the internationally acclaimed Linea, Grande Punto and Bravo, of which the Linea was released in January 2009 and the Punto in June 2009, both the cars have been well received both by the press and by the public. The Fiat plant is situated in Ranjangaon near Pune in Maharashtra and also manufactures the Tata Indica.^[73]

Pakistan[link]

Raja Motors are the authorized manufacturers of Fiat motor vehicles in Pakistan since 1948. The manufacturing started with VESPA scooters in 1948. The project was expanded in 2001 to facilitate assembly-cum-manufacturing of Fiat UNO cars. The production facility is located in Landhi Industrial Area, Karachi, Pakistan.

Sri Lanka[link]

In 1964–65, the Ceylon Transport Board contemplated production of buses in Sri Lanka in collaboration with FIAT. With the change of Government in 1965, the CTB opted for a deal with British Leyland.

In 1973, entrepreneur Upali Wijewardena's Upali Motor Company began assembly of the so-called 'Upali-FIAT' 128. Production ended with the introduction of the open-market economy in 1978.

North Korea[link]

The North Korean car manufacturer and dealer Pyeonghwa Motors assembles two Fiat models under licence since 2002: Hwiparam  (whistle) – based on the Fiat Siena, Bbeokgugi (owl) – based on the Fiat Doblò.

See also[link]

	Italy portal
	Companies portal
	Cars portal

• Automotive industry
• Automotive industry crisis of 2008–2009
• List of aircraft engines
• List of Italian companies
• Neckar
• Simca

References[link]

External links[link]

Wikimedia Commons has media related to: Fiat

• Official website

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Coordinates: 45°01′57″N 7°40′01″E / 45.032580°N 7.666934°E / 45.032580; 7.666934

Charlie Sheen
Sheen on March 11, 2009
Born	Carlos Irwin Estevez (1965-09-03) September 3, 1965 (age 46)[1] New York City, U.S.
Occupation	Actor
Years active	1974–present
Spouse	Donna Peele (1995–1996) Denise Richards (2002–2006) Brooke Mueller (2008–2011)[2]
Children	5
Parents	Martin Sheen (father) Janet Templeton (mother)
Relatives	Emilio Estevez (brother) Ramon Estevez (brother) Renée Estevez (sister)
Website
www.charliesheen.com

Carlos Irwin Estevez (born September 3, 1965), better known by his stage name Charlie Sheen, is an American film and television actor. He is the youngest son of actor Martin Sheen.

His character roles in films have included Chris Taylor in the 1986 Vietnam War drama Platoon, Jake Kesey in the 1986 film The Wraith, and Bud Fox in the 1987 film Wall Street. His career has also included more comedic films such as Major League, the Hot Shots! films, and Scary Movie 3 and Scary Movie 4. On television, Sheen is known for his roles on two sitcoms: as Charlie Crawford on Spin City and as Charlie Harper on Two and a Half Men. In 2010, Sheen was the highest paid actor on television, earning US$1.8 million per episode of Two and a Half Men.^[3]

Sheen's personal life has also made headlines, including reports about alcohol and drug abuse and marital problems as well as allegations of domestic violence. He was fired from his role on Two and a Half Men by CBS and Warner Bros. on March 7, 2011. Sheen subsequently announced a nationwide tour.^[4]

Early life[link]

Sheen was born Carlos Irwin Estevez in New York City, the youngest son and third of four children of actor Martin Sheen and artist Janet Templeton.^[5] His paternal grandparents were immigrants from Galicia (northwestern Spain) and Ireland.^[6] Sheen has two older brothers, Emilio Estevez and Ramon Estevez, and a younger sister, Renée Estevez, all actors. His parents moved to Malibu, California, after Martin's Broadway turn in The Subject Was Roses. Sheen's first movie appearance was at age nine in his father’s 1974 film The Execution of Private Slovik. Sheen attended Santa Monica High School in Santa Monica, California, where he was a star pitcher and shortstop for the baseball team.^[5][7]

At Santa Monica High School, he showed an early interest in acting, making amateur Super 8 films with his brother Emilio and school friends Rob Lowe and Sean Penn under his birth name. A few weeks before graduation, Sheen was expelled from school for poor grades and attendance. Deciding to become an actor, he took the stage name Charlie Sheen. His father had adopted it in honor of the Catholic archbishop and theologian Fulton J. Sheen.^[8][9]

Acting career[link]

Film[link]

Sheen's film career began in 1984 with a role in the Cold War teen drama Red Dawn with Patrick Swayze, C. Thomas Howell, Lea Thompson, and Jennifer Grey. Sheen and Grey reunited in a small scene in Ferris Bueller's Day Off (1986). He also appeared in an episode of the anthology series Amazing Stories. Sheen had his first major role in the Vietnam War drama Platoon (1986). In 1987, he starred with his father in Wall Street. Both Wall Street and Platoon were directed by Oliver Stone. In 1988, Stone asked Sheen to star in his new film Born on the Fourth of July (1989), but later cast Tom Cruise instead. Sheen was never notified by Stone, and only found out when he heard the news from his brother Emilio. Sheen did not take a lead role in Stone's subsequent films,^[10] although he did have a cameo role in Money Never Sleeps.

In 1987, Sheen was cast to portray Ron in the unreleased Grizzly II: The Predator, the sequel to the 1976 low budget horror movie Grizzly. In 1988, he starred in the baseball film Eight Men Out as outfielder Happy Felsch. Also in 1988, he appeared opposite his brother Emilio in Young Guns and again in 1990 in Men at Work. In 1989, Sheen, John Fusco, Christopher Cain, Lou Diamond Phillips, Emilio Estévez and Kiefer Sutherland were honored with a Bronze Wrangler for their work on the film Young Guns.^[11]

In 1990, he starred alongside his father in Cadence as a rebellious inmate in a military stockade and with Clint Eastwood in the buddy cop action film The Rookie.^[5] The films were directed by Martin Sheen and Eastwood, respectively. In 1992, he starred in Beyond the Law with Linda Fiorentino and Michael Madsen. In 1994, Sheen was awarded a star on the Hollywood Walk of Fame.^[11] In 1997, Sheen wrote his first movie, Discovery Mars, a direct-to-video documentary revolving around the question, "Is There Life on Mars?". The next year, Sheen wrote, produced and starred in the action movie No Code of Conduct.^[12]

Sheen appeared in several comedy roles, including the Major League films, Money Talks, and the spoof Hot Shots! films. In 1999, Sheen appeared in a pilot for A&E Network, called Sugar Hill, which was not picked up. In 1999, Sheen played himself in Being John Malkovich. He also appeared in the spoof series Scary Movie 3 and follow up Scary Movie 4.

Sheen appears as Dex Dogtective in the unreleased Lionsgate animated comedy Foodfight.^[12]

Sheen has been cast to star alongside Jason Schwartzman in Roman Coppola's upcoming film A Glimpse Inside the Mind of Charlie Swan III.^[13]

Television[link]

In 2000, Sheen debuted on the small screen when he replaced Michael J. Fox for the last two seasons of the sitcom Spin City. For his work on Spin City, Sheen was nominated for two ALMA Awards and won his first Golden Globe for Best Performance by an Actor in a Television Series – Musical or Comedy.^[14][15] The series ended in 2002.

In 2003, Sheen was cast as Charlie Harper in the CBS sitcom Two and a Half Men, which followed the popular Monday night time slot of Everybody Loves Raymond. Sheen's role on Two and a Half Men was loosely based on Sheen's bad boy image.^[16] The role garnered him an ALMA Award and he gained three Emmy Award nominations and two Golden Globe award nominations.^[14] During his eighth and final season on the show, Sheen earned a record $1.8 million per episode.^[3]

Warner Bros. dismissal[link]

In January 2011, production of Two and a Half Men went on hiatus while Sheen underwent a substance rehabilitation program in his home, his third attempt at rehab in twelve months.^[17][18][19] The following month, however, CBS canceled the season's four remaining episodes after Sheen publicly made derogatory comments about the series' creator, Chuck Lorre,^[20] and Warner Bros. officially banned Sheen from entering its production lot.^[21] Sheen, already the highest-paid actor on television,^[3] responded by publicly demanding a 50 percent raise,^[22] claiming that in comparison to the amount that the series was making, he was "underpaid."^[22]

CBS and Warner Bros. fired Sheen from Two and a Half Men on March 7, 2011.^[23] He was replaced by Ashton Kutcher.^[24][25] In the aftermath of his dismissal, Sheen remained vocally critical of Chuck Lorre,^[26] and filed a wrongful termination lawsuit against Lorre and Warner Bros., which was settled the following September 26.^[27] That same month, Sheen, while presenting an award at the Primetime Emmy Awards, addressed "everybody here from Two and a Half Men" and stated, "From the bottom of my heart, I wish you nothing but the best for this upcoming season. We spent eight wonderful years together and I know you will continue to make great television."^[28]

Meltdown[link]

This section requires expansion.

In the wake of the dismissal, Sheen had a highly publicized "meltdown" which was broadcast on television and the internet. He made bizarre statements in television interviews, suggesting that he was a "warlock" with "tiger blood" and "Adonis DNA".^[29] He also posted videos to YouTube showing himself smoking cigarettes through his nose, and cursing out his former employers. ^[30] He told one TV interviewer, "‘I’m tired of pretending I’m not special. I’m tired of pretending I’m not a total bitchin’ rock star from Mars."^[31]

Other[link]

On September 19, 2011, Sheen was roasted on Comedy Central. It was watched by 6.4 million people, making it the highest rated roast on Comedy Central to date.^[32]

Other ventures[link]

In 2006, Sheen launched a clothing line for kids, called Sheen Kidz.^[33]

In 2011, Sheen set a new Guinness World Record for Twitter as the "Fastest Time to Reach 1 Million Followers" (adding an average of 129,000 new followers per day^[34]) as well as the Guinness record for "Highest Paid TV Actor Per Episode – Current" at $1.25 million while he was a part of the cast of Two and a Half Men sitcom.^[35] On March 3, 2011, Charlie Sheen signed with Ad.ly marketing agency specializing in Twitter and Facebook promotions.^[36][37]

Sheen's "My Violent Torpedo of Truth/Defeat is Not An Option" tour on the marquee of Radio City Music Hall in New York City.

On March 10, 2011, Sheen announced a nationwide tour, "My Violent Torpedo of Truth/Defeat is Not An Option", which began in Detroit on April 2.^[38] The tour sold out in 18 minutes, a Ticketmaster record.^[39] However, on April 1, 2011 the Detroit Free Press featured an article that stated as of March 30 that there were over 1000 tickets available from a third-party reseller, some at 15% less than the cheapest seats sold at the Fox Theater.^[40] The Huffington Post reported that it was expected Sheen would earn $1 million in 2011 from Twitter endorsements and $7 million from the North American tour.^[41] Many of those attending the April 2 performance in Detroit found it disappointing;^[42] the subsequent performance in Chicago, which featured some adjustments, received a more positive reception.^[43]

Sheen has taken up a new business venture as a partner in a line of electronic cigarettes. The "NicoSheen" product will feature the actor's signature smirk on packages of disposable E-cigarettes and related products.^[44]

On August 13, 2011, Sheen appeared as a host at the 12th annual Gathering of the Juggalos. He received a mixed reaction from the audience. Some cheered him, and some booed and threw things at him.^[45]

Personal life[link]

Family and relationships[link]

Sheen has been married three times and has five children. His first daughter, Cassandra Jade Estevez, was born on December 12, 1984, to his former high school girlfriend, Paula Profit.^[46][47]

In January 1990, Sheen accidentally shot his fiancee, Kelly Preston, in the arm.^[48] She broke off the engagement soon after.^[49][50][51]

In the 1990s, Sheen dated a number of adult film actresses, including Ginger Lynn^[48][52][53] and Heather Hunter.^[48]

On September 3, 1995,^[54] Sheen married Donna Peele.^[55] That same year, Sheen was named as one of the clients of an escort agency operated by Heidi Fleiss.^[56] Sheen and Peele divorced in 1996.^[5]

On June 15, 2002, Sheen married actress Denise Richards. They have two daughters, Sam^[57] and Lola Sheen.^[58] In March 2005, Richards filed for divorce, accusing Sheen of alcohol and drug abuse and threats of violence.^[59] The divorce was finalized in November 2006 and preceded a custody dispute over their two daughters.^[60][61][62]

On May 30, 2008, Sheen married Brooke Mueller, who later gave birth to their twin sons, Bob and Max.^[63][64][65] In November 2010, Sheen filed for divorce. On March 1, 2011, police removed Bob and Max from Sheen's home. Sheen told NBC's Today, "I stayed very calm and focused."^[66] According to People, social services took the children after Mueller obtained a restraining order against Sheen. The document said, "I am very concerned that [Sheen] is currently insane."^[67] Asked if he would fight for the children, Sheen texted People, "Born ready. Winning."^[67] Sheen and Mueller's divorce became final on May 2, 2011.^[2][68][69]

On March 1, 2011, Sheen was concurrently living with pornographic actress Rachel Oberlin and model and graphic designer Natalie Kenly, whom he collectively nicknamed his "goddesses".^{[70][71][72][73][74]} Oberlin left Sheen in April 2011, and Kenly left in June 2011.^[75][76]

Substance abuse and legal issues[link]

On May 20, 1998, Sheen overdosed while using cocaine and was hospitalized. On August 11, 1998, Sheen, already on probation for a previous drug offense, had his probation extended for an extra year and entered a rehab clinic.^[77][78] In a 2004 interview, Sheen admitted that the overdose was caused by his experimentation with injecting cocaine.^[79]

On December 25, 2009, Sheen was arrested for assaulting his wife, Brooke Mueller. He was released the same day from jail after posting an $8,500 bond.^[80][81] Sheen was charged with felony menacing, as well as third-degree assault and criminal mischief.^[82] On August 2, 2010, Sheen pleaded guilty to misdemeanor assault as part of a plea bargain that included dismissal of the other charges against him. Sheen was sentenced to 30 days in a drug rehab center, 30 days of probation, and 36 hours of anger management.^[83]

On October 26, 2010, the police removed Sheen from his suite at the Plaza Hotel after he reportedly caused $7,000 in damage.^[84] According to the NYPD, Sheen admitted to drinking and using cocaine the night of the incident.^[84] He was released after entering a hospital for observation.^[85]

Political views and activities[link]

Charitable activities[link]

Sheen was the 2004 spokesperson for the Lee National Denim Day breast cancer fundraiser that raised millions of dollars for research and education regarding the disease. Sheen stated that a friend of his died from breast cancer, and he wanted to try to help find a cure for the disease.

A major donor and supporter of Aid For AIDS since 2006, Sheen was honored with an AFA Angel Award, one of only a few ever given, at the nonprofit's 25th Silver Anniversary Reception in 2009.^[86] In addition to his financial support, he has volunteered to act as a celebrity judge for several years for their annual fundraiser, Best In Drag Show,^[87] which raises around a quarter of a million dollars^[86] each year in Los Angeles for AIDS assistance.^[88][89] He has brought other celebrities to support the event, including his father, actor Martin Sheen.^[90] Sheen's interest in AIDS was first reported in 1987 with his support of Ryan White, an Indiana teenager who became a national spokesperson for AIDS awareness after being infected with AIDS through a blood transfusion for his hemophilia.^[91][92]

On March 27, 2008, Sheen and Jenna Elfman co-hosted a New York Rescue Workers Detoxification Project charity event.^[93]

Sheen is donating one dollar from each ticket sold from his “My Violent Torpedo of Truth/Defeat is Not An Option Show” 2011 tour to the Red Cross Japanese Earthquake Relief Fund.^[39]

In 2011, Sheen took on a Twitter challenge by a grieving mother to help critically ill babies born with Congenital diaphragmatic hernia by supporting CHERUBS – The Association of Congenital Diaphragmatic Hernia Research, Awareness and Support.^[94]

September 11 attacks[link]

On March 20, 2006, Sheen stated that he questions the U.S. Government's account of the September 11 attacks.^[95] He said during the interview that the collapse of the World Trade Center towers looked like a controlled demolition.^[96][97]

Sheen has since become a prominent advocate of the 9/11 Truth movement.^[98] On September 8, 2009, he appealed to President Barack Obama to set up a new investigation into the attacks. Presenting his views as a transcript of a fictional encounter with Obama, he was characterized by the press as believing the 9/11 Commission was a whitewash and that the administration of former President George W. Bush may have been responsible for the attacks.^[99][100]

Filmography[link]

Films[link]

Short films[link]

Television[link]

References[link]