Up until the 1970s, Fiat, which was founded in 1899, was a formidable carmaker. It had a strong presence in Europe and dominated the market in its home country of Italy. However, the first oil crisis and strikes battered Fiat in the 1970s, weakening it greatly. Capital injection by the oil-rich Libyan government helped it … Continue reading Fiat will start its new model offensive from this July