"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

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It is a courageous plan that, as I myself have said, is “not for the fainthearted”. We have adopted this strategy to deal with the effects the European crisis is having on our business and bring new production to our car plants in Italy. We have decided to reorient our strategy in response to current market difficulties and trends in consumer demand and preferences. We plan to reduce our exposure to the mass market and shift our focus toward the less crowded premium end of the market. At the same time, we can increase utilization of our manufacturing base in EMEA to support the development of our global brands – Alfa Romeo, Maserati and Jeep – and key models in Fiat brand’s 500 and Panda families. The gamble we plan to take in Italy, and in Europe more generally, is not an uncalculated gamble, however. There are several concrete factors that underpin the decision. First: in Europe we already have state-of-the-art manufacturing facilities and an excess production capacity, whereas in all other regions we are operating near full capacity. Fiat AGM Page 33 of 40 9 April 2013
Second: we can leverage the experience and know-how we already have in-house with brands such as Ferrari, which is the benchmark for premium cars around the world. Third: over the past three years, the combination of Fiat and Chrysler has enabled us to develop architectures and powertrains that will place us on the cutting edge in the premium segment. Fourth: as a result of the combination with Chrysler, today Fiat has a global presence and the access we now have to export markets in North America and Asia offers us the opportunity to utilize some of our excess production capacity in Europe to service export markets. By implementing this plan, we expect to be able to utilize the excess production capacity of our mass-market activities and, by 2015-2016, achieve breakeven also in Europe. To think – as someone wrote – that coming out with a few new models, even if they are commercially successful, will automatically justify the enormous investment that has gone into them is a pure illusion. Fiat AGM Page 34 of 40 9 April 2013
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volumes actually the lowest on reco
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past 10 years." The memory of Giann
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* VANGUARD INTERNATIONAL GROWTH FUN
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with 2 minutes for replies. Marco G
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is also stated that: "For questions
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He then specified that once the tim
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eing asked of them provided that fu
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statement about not standing the ar
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he noted that additional factors pr
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website for more information; on th
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cause, despite this, the result for
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that the choice of dividing FIAT in
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hicles at the new Grugliasco site a
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tal development of the previous str
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immovable assets and asked that the
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sponded that: the joint venture in
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of the mass-market brands also in A
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ence; in 2013 La Stampa will be foc
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he pointed out that the assessments
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markets; he recalled that in 2008 a
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given for addresses is too short, t
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He then declared that the voting wa
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- those against bringing action sho
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of the shareholder resolution of 4
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overall sum of €7,373,300, which
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size of the company, the size of th
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Page 73 and 74: . Attachment "A" the text of the ad
Page 75 and 76: Good Morning Shareholders. The Grou
Page 77 and 78: In absence of mutual agreement on a
Page 79 and 80: In Asia, in addition to the launch
Page 81 and 82: Turning to Group results, in 2012 w
Page 83 and 84: In the United States, the industry
Page 85 and 86: Boosted by the introduction of gove
Page 87 and 88: In terms of sales performance by in
Page 89 and 90: European passenger car demand was d
Page 91 and 92: The next few slides give an overvie
Page 93 and 94: In APAC, we launched two key produc
Page 95 and 96: Turning to the outlook for 2013, ou
Page 97 and 98: For our Luxury and Performance bran
Page 99 and 100: Efforts to align our activities to
Page 101 and 102: Before closing, I would like to mak
Page 103 and 104: There are 215,000 employees worldwi
Page 105: However, EMEA cannot survive indefi
Page 109 and 110: Work is also underway to prepare th
Page 111 and 112: A sign of hope and of commitment. I
Page 113 and 114: We can’t recreate the Fiat of the
Page 115 and 116: a) Compensation Policy pursuant to
Page 117 and 118: The table below summarizes the main
Page 119 and 120: In general, the fixed compensation
Page 121 and 122: With regard to allowances in the ev
Page 123 and 124: L. Cessation of office or terminati
Page 125 and 126: ) Authorization for the Purchase an
Page 127 and 128: Fiat S.p.A. AGM 09/04/2013 LIST OF
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