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%).
Read more about this topic: Turin
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)