Economy
Turin is a major manufacturer centre, home of Fiat automotive company, one of the ten world's largest.
In 2010, the city generated a GDP of $58 billion, ranking as the world's 78th richest city by purchasing power. The city has been ranked in 2010 by GaWC as a Gamma-world city.
Other notable companies operating in Turin are Lancia, Pininfarina, Bertone, Sparco, Italdesign, Ghia, Fioravanti, Stola, Intesa Sanpaolo, Reply S.p.A., Borbonese, Superga, Kristina Ti, Fisico, Kappa, Invicta, Laura Tonatto, Nicolao Profumiere, Xerjoff, Repossi, Mattioli, TataBorello, Lavazza, Martini & Rossi, Ferrero SpA and the chocolate factories Caffarel, Streglio, Domori, Guido Gobino, Venchi, Peyrano Pfatisch.
The city is also well known for its aerospace industry (Alenia). The International Space Station modules Harmony, Columbus, Tranquility, as well as the Cupola and all MPLMs were produced in Turin. The future European launcher projects beyond Ariane 5 will also be managed from Turin by the new NGL company, a subsidiary of EADS (70%) and Finmeccanica (30%).
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Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)