DIED. GIOVANNI AGNELLI, 81, debonair patriarch of Italian automaker Fiat; in Turin, Italy. Founded by his grandfather in 1899, Fiat was run by Agnelli as president for 30 years until 1996, and he retained control until he was diagnosed with prostate cancer last year. Agnelli helped industrialize postwar Italy; under him, Fiat became the country's largest company. Its workers had a slogan: "Agnelli is Fiat, Fiat is Turin, and Turin is Italy." But competition from other European car makers saw Fiat's share of the Italian auto market drop from 60% to 39% in the late 1990s, and recently its share price...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!