When it comes to turnarounds, Fiat serves as a case study. The Italian institution that rules over Fiat, Lancia, Alfa Romeo, Ferrari, and Maserati, trucks, agricultural equipment, construction equipment, and automobile components, lost $1 billion in 2000. Contrast that with 2006, when it posted a 35% jump in revenues year-on-year, and its operating profit was $384 million — a far cry from the $332 million loss of 2005. Fiat’s current market cap is more than that of GM and Ford combined in Europe, at $32.5 billion. Continue reading A car company can turn around. Just ask Fiat