 Abarth & C. S.p.A. is a fully owned subsidiary of FCA Italy S.p.A. (formerly Fiat Group Automobiles S.p.A.), the subsidiary of Fiat Chrysler Automobiles (formerly of Fiat S.p.A.) controlling its European automotive production activities.Carlo Abarth was sporting director of the Cisitalia factory racing team starting in 1947.1948 saw the financial downfall of Cisitalia, spurred by the investments needed to put the 202 coupé into production.