Chrysler 2007 Annual Report Download - page 141
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140 Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
The item Investments in jointly controlled entities comprises the following:
At December 31, 2007 At December 31, 2006
% of (in millions % of (in millions
interest of euros) interest of euros)
Fiat Group Automobiles Financial Services S.p.A. 50.0 576 50.0 528
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 37.9 255 37.9 206
Naveco Ltd. 50.0 106 50.0 117
Società Europea Veicoli Leggeri-Sevel S.p.A. 50.0 96 50.0 93
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme 50.0 79 50.0 61
Fiat India Automobiles Private Limited 51.0 55 ––
Turk Traktor Ve Ziraat Makineleri A.S. 37.5 46 37.5 23
SAIC Iveco Commercial Vehicle Investment Company Limited 50.0 40 50.0 3
Consolidated Diesel Company 50.0 30 50.0 47
New Holland HFT Japan Inc. 50.0 27 50.0 27
LBX Company LLC 50.0 24 50.0 27
New Holland Trakmak Traktor A.S. 37.5 20 37.5 14
Transolver Finance Establecimiento Financiero de Credito S.A. 50.0 19 50.0 17
CNH de Mexico SA de CV 50.0 19 50.0 13
Other minor 19 37
Total Investments in jointly controlled entities 1,411 1,213
The item Investments in associates comprises the following:
At December 31, 2007 At December 31, 2006
% of (in millions % ofi (in millions
interest of euros) interest of euros)
Iveco Finance Holdings Limited 49.0 145 49.0 141
Rizzoli Corriere della Sera MediaGroup S.p.A. 10.1 125 10.1 107
Kobelco Construction Machinery Co. Ltd. 20.0 91 20.0 97
CNH Capital Europe S.a.S. 49.9 67 49.9 71
Al-Ghazi Tractors Ltd. 43.2 18 43.2 14
Other minor 51 73
Total Investments in associates 497 503
Rizzoli Corriere della Sera MediaGroup S.p.A. is a listed company in which Fiat is one of the major shareholders, has a
representative on the Board of Directors and is a party to a stockholders’ agreement. As a result the company is classified as an
associate. In order to account for this investment using the equity method, reference was made to its most recent published
financial statements being those for the third quarter of 2007, as those to be issued for financial year 2007 will be published
subsequent to the publication of the consolidated financial statements of the Group.