Chief among these was a state planning apparatus that attempted to manage, by fiat, virtually every facet of economic life.

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Fiat, for example, owes its life to Brazil.

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An Italian who has worked in America most of his life and been on the Fiat board for a couple of years, Mr Fresco was drafted in by Umberto Agnelli, younger brother of Giovanni and father of the deceased dauphin.

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All dressed up in Playskool aero pieces and available in Life Savers colors, the 500e feels like the big-kid toy the Fiat 500 always wanted to be, with an otherworldly electric hum to go with its whimsical aesthetics.

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One of Fiat's big errors in the 1990s was to stop doing facelifts halfway through the conventional seven-year life of a model.

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