Private company

Fiat Concord

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons3

Argentine subsidiary of Fiat

Fiat SOMECA Concord S.A.C.I (or simply Fiat Concord) was the Argentinan subsidiary of Italian automotive manufacturer Fiat Automobiles S.p.A. and the first manufacturer of Fiat vehicles in the country. Established in 1954, the factory produced not only automobiles but railway vehicles through its subsidiary Materfer. Some of Fiat Concord's most emblematic products included the 600, 128, and the 1500 coupé designed by Vignale.2 It was founded by Giovanni Agnelli.1 It is headquartered in Buenos Aires.1 It is part of Fiat S.p.A.1 It ceased to exist in 1980.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1954Founded1
  • Industryautomotive industry1
  • HeadquartersBuenos Aires1
Fiat concord Ferreyra
Photo: Unknown, Public domain, via Wikimedia Commons5

Fiat SOMECA Concord S.A.C.I (or simply Fiat Concord) was the Argentinan subsidiary of Italian automotive manufacturer Fiat Automobiles S.p.A. and the first manufacturer of Fiat vehicles in the country. Established in 1954, the factory produced not only automobiles but railway vehicles through its subsidiary Materfer. Some of Fiat Concord's most emblematic products included the 600, 128, and the 1500 coupé designed by Vignale.2

Corporate structure

Fiat Concord is part of a group headed by Giovanni Agnelli. 279 entities, 35 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Giovanni Agnelli Amsterdam
    • Exor 51.87% · Amsterdam, Netherlands
      • Juventus FC 64% · Torino, Italy
        • JOFC Corato Subsidiary · Metropolitan City of Bari, Italy
        • Juventus F.C. Next Gen Subsidiary · Italy
        • Juventus F.C. Women Subsidiary · Italy
        • Juventus F.C. Youth Sector Subsidiary · Italy
      • Fiat S.p.A. 30.06% · Turin, Italy
      • GEDI Gruppo Editoriale Torino, Italy
        • A. Manzoni & C. Milano, Italy
        • L'Espresso Subsidiary · Italy
        • La Repubblica Subsidiary · Italy
      • Iveco Group Turin, Italy
        • FPT Turin, Italy
        • Heuliez Bus Mauléon, France
        • Iveco Turin, Italy
          • 10 more
        • Iveco Czech Republic Vysoké Mýto, Czechia
        • 2H ENERGY Subsidiary · Fécamp, France
        • EVCO GMBH Subsidiary · Ulm, Germany
        • FPT ARGENTINA S. A. Subsidiary · Buenos Aires, Argentina
        • FPT INDUSTRIAL BRASIL LTDA. Subsidiary · Contagem, Brazil
        • FPT INDUSTRIAL INDIA PRIVATE LIMITED Subsidiary · New Delhi, India
        • FPT POWERTRAIN TECHNOLOGIES FRANCE Subsidiary · Garchizy, France
        • IC FINANCIAL SERVICES Subsidiary · Guyancourt, France
        • IC FINANCIAL SERVICES UK LIMITED Subsidiary · Basildon, United Kingdom
        • IVECO (SCHWEIZ) AG Subsidiary · Kloten, Switzerland
        • IVECO CAPITAL SERVICES S.R.L. Subsidiary · Glina, Romania
        • IVECO CAPITAL SOLUTIONS S.P.A. Subsidiary · Turin, Italy
        • IVECO DANMARK A/S Subsidiary · Albertslund, Denmark
        • IVECO DEUTSCHLAND AKTIENGESELLSCHAFT Subsidiary · Ulm, Germany
        • Iveco Espana Subsidiary · Spain
        • IVECO ESPAÑA SL Subsidiary · Madrid, Spain
        • IVECO FRANCE Subsidiary · Vénissieux, France
        • IVECO GROUP KOREA LLC (이베코 그룹 코리아 엘엘씨) Subsidiary · Gwangju, South Korea
        • IVECO GROUP SWITZERLAND SA Subsidiary · Mendrisio, Switzerland
        • IVECO LIMITED Subsidiary · Basildon, United Kingdom
        • IVECO NORGE AS Subsidiary · Lysaker, Norway
        • IVECO Sweden Aktiebolag Subsidiary · Helsingborg, Sweden
        • and 4 more
      • Cushman & Wakefield Subsidiary · New York, New York, United States
      • The Economist Group Stake · 43.4% · London, United Kingdom
      • Fiat Industrial Stake · 30.01% · Torino
        • CNH Subsidiary · Amsterdam
          • 1 more
      • Stellantis Stake · 29.16% · Hoofddorp, Netherlands
      • Fiat Chrysler Automobiles Stake · 28.7% · Amsterdam
      • CNH Industrial Stake · 26.94% · Basildon, United Kingdom
        • CNH Industrial (Canada) 100% · Ottawa, Ontario, Canada
        • CNH Industrial Capital LLC 100% · Wilmington, Delaware, United States
        • New Holland Construction Subsidiary · 100% · Torino
        • Braud Subsidiary · Saint-Mars-la-Jaille
        • Case IH Subsidiary · Racine
        • CNH Industrial (Belgium) Subsidiary · Zedelgem, Belgium
        • New Holland Subsidiary · Des Moines, Iowa, United States
        • Steyr Tractor Subsidiary · Sankt Valentin
        • Usine CNH Industrial de Croix Subsidiary · Croix
        • "CNH INDUSTRIAL POLSKA" SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Subsidiary · 100% · Płock, Poland
        • CNH Argentina S.A. Subsidiary · 100% · Buenos Aires, Argentina
        • CNH CAPITAL OPERATING LEASE EQUIPMENT RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH CAPITAL RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH COMPONENTES SA DE CV Subsidiary · 100% · Queretaro, Mexico
        • CNH INDUSTRIAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH INDUSTRIAL ASIAN HOLDING LIMITED Subsidiary · 100% · Zedelgem, Belgium
        • CNH INDUSTRIAL AUSTRALIA PTY LIMITED Subsidiary · 100% · St Marys, Australia
          • 1 more
        • CNH INDUSTRIAL BRASIL LTDA. Subsidiary · 100% · Contagem, Brazil
        • CNH INDUSTRIAL CAPITAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH INDUSTRIAL CAPITAL ARGENTINA S.A. Subsidiary · 100% · Ciudad Autonoma Buenos Aires, Argentina
        • CNH INDUSTRIAL CAPITAL CANADA LTD. Subsidiary · 100% · Calgary, Alberta, Canada
          • 1 more
        • CNH INDUSTRIAL CAPITAL SOLUTIONS S.P.A. Subsidiary · 100% · Torino, Italy
        • CNH INDUSTRIAL DANMARK A/S Subsidiary · 100% · Albertslund, Denmark
        • CNH INDUSTRIAL DEUTSCHLAND GMBH Subsidiary · 100% · Heilbronn, Germany
        • CNH INDUSTRIAL FRANCE Subsidiary · 100% · Morigny-Champigny, France
        • and 27 more
      • Ferrari N.V. Stake · 22.91% · Maranello, Italy
        • Ferrari 100% · Maranello, Italy
          • 2 more
        • FERRARI AUTO SECURITIZATION TRANSACTION, LLC Subsidiary · Englewood Cliffs, New Jersey, United States
      • IFIL Stake · 20.32% · Turin, Italy
      • Banca Leonardo S.p.A. Stake · 16.51% · Milan
      • Welltec Stake · 13% · Allerød, Denmark
      • Exor Nederland N.V. Subsidiary · 100% · Amsterdam, Netherlands
      • EXOR INVESTMENTS LIMITED Subsidiary · London, United Kingdom
      • Fondazione Giovanni Agnelli Subsidiary · Italy
      • LINGOTTO (US) LLC Subsidiary · Wilmington, Delaware, United States
        • LINGOTTO MOSAIC FUND I-A, LP Fund · Wilmington, Delaware, United States
        • LINGOTTO MOSAIC FUND I-C, LP Fund · Wilmington, Delaware, United States
    • Exor Group Subsidiary · Luxembourg, Luxembourg

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by Giovanni Agnelli in 1954.1

The first Fiat dealership in Argentina was established in 1919 in Buenos Aires to import Fiat automobiles. Four years later, "Fiat Argentina S.A." was officially established to sell and assist automobiles and trucks imported from Italy.

Initially, Fiat activities in Argentina focused on agriculture, importing tractors through its local subsidiary "Agromecánica S.A.C.I.F." created in 1949. Tractors were imported until 1954, when "Fiat Someca Construcciones Córdoba" (then renamed "Fiat Concord") was established to produce those vehicles in Argentina. In 1959, Fiat of Italy signed an agreement with state-owned Industrias Aeronáuticas y Mecánicas del Estado (IAME) to give technical support. The assembly plant was built that same year in the city of Ferreyra, Córdoba Province, one year later another factory was built to produce diesel engines.

Fiat expanded its operations in Argentina when the company entered to railway market in 1956 after state-owned railway company Ferrocarriles Argentinos granted it concession to provide 300 diesel locomotives and rolling stock. That agreement paved the way for the establishment of Materfer to produce railway vehicles. The plant, also built in Ferreyra, was inaugurated in 1958.

On 30 September 1959, the Government of Argentina approved a Fiat proposal to invest USD4,5 million to build a factory in Caseros, Buenos Aires. The first locally produced Fiat vehicle, Fiat 600, was launched on 8 April 1960. Soon after, the 1100 was added to the production line. Both models totalised 4,000 units produced at the end of that year.

The 1100 was assembled until 1963, being replaced by the 1500, with a station wagon (familiare) version released one year later. That same year, Fiat Argentina began exporting autoparts to Chile. Fiat Argentina's range of products expanded with the "Multicarga" pickup, 1500 Coupé, and 770 Coupé (being renamed "800" in 1966). In 1966 Fiat Concord launched the 1500 Coupé Vignale, based on the 1500 and designed exclusively for the Argentine market by Italian coachbuilder Alfredo Vignale.

Fiat became leader of the Argentine automotive market with a 23% share in 1967, with more than 40,000 vehicles produced. Two years later production increased to 50,000 units. That same year the 1600 model was launched as a successor of 1500. It was not an original Fiat model but an Italian Fiat 125 body powered by a Fiat 1500 engine. Besides, Fiat Concord launched its first heavy trucks, the 619. In 1969, production of the 1500 was discontinued.

As production increased, in 1971 the factory produced more than 60,000 vehicles per year. Fiat launched one of their most successful and emblematic models, the 128, which added a station wagon model in 1973. The 128 would be produced until 1990. Besides, "Industria Argentina Vehículos de Avanzada" (IAVA S.A.) was established as a Fiat Concord subsidiary to produce performance vehicles. At the time the 128 model ceased to be produced,

The 1600 model was replaced by the 125 in 1972. This model was produced in three versions, sedan, station wagon, and coupé. In 1973, a pickup version (named "Multicarga") was added, being produced until 1980.

Read the full text

In 1977, Fiat Concord launched the 133, a rebadged SEAT 133 (thanks to an agreement between both companies) and marketed in Argentina under license. The car was poorly received, with only 15,821 units produced between 1977 and 1982 being replaced by the 147, a very similar model.

In 1980, Fiat Concord and "Sociedad de Automóviles Franco Argentinos" (SAFRAR), local representative of French brand Peugeot, merged to form Sevel Argentina (officially, "Sociedad Europea de Vehículos para Latinoamérica"), a joint venture that operated as a Latin America subsidiary of European Sevel S.p.A. that had been established in 1978. Entrepreneur Franco Macri would take over Sevel becoming the owner of the company.

From Wikipedia’s article on Fiat Concord, shared under CC BY-SA 4.0.4

Leadership

Who has led Fiat Concord, and when. Pick a name to see everywhere that person has worked.

Products and brands

Vehicles produced

List of vehicles (automobiles and trucks) produced by Fiat in Argentina, 1960–80:

Notes

Railway vehicles

In 1962, the first 7131, manufactured by FIAT Concord, made its debut on the Villa Ballester–Zárate and Victoria–Capilla del Señor sections of Mitre Railway. Those light cars replaced Ganz railcars that had been running on those lines since 1938. The 7131 also served in some lines of Santa Fe province.

On the Roca and Sarmiento lines the 7131 replaced old Drewry, Birmingham and Armstrong Whitworth coaches in the Temperley–La Plata–Cañuelas; Haedo–José Mármol, Merlo–Lobos, Pereyra–Ensenada, La Plata–Pipinas–Atalaya–Magdalena; Moreno–Luján–Mercedes, Lobos–Navarro, among other suburban branches. The 7131 also served on Bahía Blanca–Darregueira–Carmen de Patagones; Constitución–TandilNecochea, covering a large area of the south and west of Buenos Aires Province.

From Wikipedia’s article on Fiat Concord, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

Subsidiaries

From Wikidata.1

Acquisitions

  1. 1958Acquired Materfer1

Timeline

  1. 1980Dissolved Dissolved1
  2. 1954Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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