Fiat originally named Fiat Trattori is a fiat group company founded in 1919. It is manufacturer of agricultural equipment. Over the decade It became one of the biggest brands of Europe and number 1 in Italy. In 1991 Fiat took over its rival company Ford New Holland and adopted its name to increase its presence in the world market. 1999 Ford acquired Case Corporation and created CNH Global in Fiat Industrial was major shareholder. Later on it became CNH Industrial.
Fiat launched 702 as its first tractor in 1918. In 1950s Fiat ventured with SIMCA a French company which then manufactured cars and tractors to Fiat designs.