Chrysler 1999 Annual Report Download - page 57

56
(number of shares)
Interest held Bought Sold Balance at
First name and last name Description of investment at 12/31/98 in 1999 in 1999 12/31/99
Paolo Cantarella Fiat ordinary 3,124 (2) 312
Fiat savings 6,622 (2) 662
John Philip Elkann Fiat ordinary 3,000 (2) 300
Magneti Marelli ordinary 2,500 (2) 1,250
Gabriele Galateri di Genola Fiat ordinary (1) 27,500 (2) 2,750
Fiat preference (1) 4,400 (2) 440
Gianfranco Gutty Fiat ordinary 5,200 (2) 520
Cesare Ferrero Fiat ordinary 11 (2) 1
Toro Assicurazioni
ordinary (1) 7,500 7,500
Toro Assicurazioni
preference (1) 2,500 2,500 –
(1) Held indirectly through his spouse.
(2) The number of options held has changed as a result of reverse stock splits in 1999 (one for ten for the Fiat shares and one for two for the Marelli shares).
The Fiat Group’s is divided into Sectors, each of which is
headed by a different company. The Group also includes
companies which, because of their specialized nature, are
able to provide administrative, training and other support
services to the operating units in a fashion that enables them
to pursue continuous improvements in quality and economies
of scale.
Transactions between Group companies, whether they result
from vertical manufacturing integration or from the provision of
services, are carried out at competitive terms, considering the
quality of the goods or services involved.
Within this framework, the main transactions that took place
between the Parent Company, Fiat S.p.A., and its subsidiaries
and affiliated companies are summarized below:
❚Sale of amounts due from the Treasury to the subsidiary
Toro Assicurazioni S.p.A., which will be used for offsetting
purposes, as allowed under Article 3, Section 94, Letter b,
of Law No. 549 of 12/28/95.
❚Issuance of guarantees for bank loans provided to Fiat
Automoveis S.A. and Iveco Fiat Brasil Ltda.
Ongoing transactions include:
❚Licensing of the right to use the Fiat trademark, for a
consideration based on a percentage of sales, to Fiat Auto
S.p.A. (0.5%), Iveco S.p.A. (0.2%), Magneti Marelli S.p.A.
(1.5% of sales by the Lubricants Division), FiatAvio S.p.A.
(0.5%) and Fiat Ferroviaria S.p.A. (0.5%).
❚Fees for services of Fiat management personnel at Fiat Auto
S.p.A., Ferrari S.p.A., Iveco S.p.A., Teksid S.p.A., Magneti
Marelli S.p.A., Comau S.p.A., FiatAvio S.p.A., Toro
Assicurazioni S.p.A. and other Group companies.
❚Grant of suretyships and guarantees in connection with
the issuance of debentures by FiatSava S.p.A., commercial
paper, money market claims and billets de trésorerie by
New Holland Credit Company LLC, Fiat Finance Canada
Ltd., Fiat Finance and Trade Ltd. and Fiat France S.A., to
secure bank loans obtained by Fiat Auto S.p.A., FiatAvio
S.p.A., Iveco S.p.A., Teksid S.p.A. and other Group
companies, and lease payment obligations for buildings
rented by Fiat Se.p.In. S.p.A., Fiat Auto S.p.A., Isvor
Fiat S.p.A. and Editrice La Stampa S.p.A.
❚Rental of buildings to Fiat Se.p.In. S.p.A.
❚Deposit of liquid funds with Fiat Ge.Va. S.p.A.
❚Loan to Elasis S.c.p.A.
❚Purchase of support and consulting services provided
by Fiat Sagi S.r.l. in taxation, law and administration, Fiat
Ge.Va. S.p.A. in financial matters, and Fiat International
S.p.A. in international relations. These companies were
established specifically for these purposes.
❚Purchase of services related to euro and Y2K issues from
Fiat Revi S.c.p.A.
❚Purchase of information technology services provided
by I.T.S. S.r.l.
❚Purchase of external relations services provided by Fiat
I.&C.S. S.r.l.
❚Purchase of telecommunications services provided by
Telexis S.r.l.
❚Purchase of support and consulting services outside Italy
provided by Fiat USA Inc., Fiat U.K. Ltd. and Fiat Iberica S.A.
❚Rental of office space, real property maintenance services
and other general services provided by Fiat Se.p.In. S.p.A.;
real estate services and real estate brokerage services
provided, respectively, by IPI S.p.A. and by IPI
Intermediazione S.p.A.
TRANSACTIONS AMONG GROUP COMPANIES
AND WITH RELATED PARTIES