it has diversified into many other fields, and the group now has activities in a wide range of sectors in industry and financial services. It is Italy's largest industrial concern. It also has significant worldwide operations, operating in 61 countries with 1,063 companies that employ over 223,000 people, 111,000 of whom are outside Italy. Fiat's main shareholders include 30.1% by Exor S.p.A. (controlled by the Agnelli family), 24.9% by EU institutional investors, 11.2% by outside EU institutional investors and 2.6% by Baillie Gifford & Co., a Scottish investment management company. Principal subsidiaries Fiat's principal operating subsidiaries (direct and indirect) include: Fiat Group Automobiles S.p.A. (FGA), Chrysler Group LLC, Fiat Automoveis, S.A. (subsidiary of FGA); FGA Capital S.p.A. (a JV held 50% by FGA and 50% by Crédit Agricole CF), Ferrari S.p.A., Maserati S.p.A., Magneti Marelli S.p.A., Teksid S.p.A., Comau S.p.A., Itedi-Italiana Edizioni S.p.A. (see 2010 Annual Report) Alliances and joint ventures Fiat has undertaken numerous joint ventures and alliances. Commencing in 1978, the Type Four platform was an alliance between Alfa Romeo, Fiat, Lancia and Saab and resulting in a range of cars on sale in the mid-1980s. In 2000 a number of joint ventures were established with General Motors following GM buying 20% of Fiat while Fiat bought 6% of GM. Complications with the relationship saw these JVs being wound back by 2005. Resulting projects included the GM Fiat Small platform and Fiat-GM Powertrain. In 2005, Fiat formed an alliance with Ford to create a new small car, resulting in the Fiat 500 and Ford Ka. In 2012, Fiat formed an alliance with Mazda to develop and build a new rear wheel drive roadster for the Alfa Romeo and Mazda brands. Automotive Fiat is the largest vehicle manufacturer in Italy, with cars ranging from small Fiat city cars to sports cars made by Ferrari, and vans and trucks such as the Ducato. Besides Fiat Group Automobiles S.p.A., Fiat Group automotive companies include Chrysler Group LLC and Maserati S.p.A. The Fiat Group Automobiles S.p.A. companies include: Abarth & C. S.p.A., Alfa Romeo Automobiles S.p.A., Fiat Automobiles S.p.A., Fiat Professional and Lancia Automobiles S.p.A. Ferrari S.p.A. is 90% owned by the Fiat Group. The company also owns Autobianchi but the marque has been dormant since 1995, and Innocenti, which ceased production in 1996. The European Car of the Year award, Europe's premier automotive trophy for the past 50 years, has been