FCA Italy S.p.A. (formerly Fiat Group Automobiles S.p.A.) is the Italian subsidiary of Fiat Chrysler Automobiles, dedicated to the production and selling of passenger cars and light commercial vehicles and headquartered in Turin, Italy. In January 1979 Fiat S.p.A.s automotive production activities were spun off into a new subsidiary, Fiat Auto S.p.A., as part of an ongoing decentralization process within Fiat. Vittorio Ghidella was named CEO. Fiat Group Automobiles S.p.A. was created on 1 February 2007 from Fiat Auto S.p.A. Simultaneously the four divisions of Fiat Auto (Fiat, Alfa Romeo, Lancia and Fiat Veicoli Commerciali) were made into four Società per azioni, all controlled 100 percent by FCA. The former brand directors became CEOs of the new societies, while the employees and production facilities remained under FCA. At the same time the Abarth brand was relaunched as Abarth & C. S.p.A., a fifth independent society again owned 100 percent by FGA.