Abarth is owned by FCA Italy S.p.A, the subsidiary of Fiat Chrysler Automobiles. Deriving its name from the founder Carlo Abarth, it was founded on March 31, 1949 and is headquartered in Turrin, Italy. The company specializes in manufacturing racing cars and road cars. The logo-a shield with a scorpion on the backdrop of red and yellow symbolizes power and strength. Interestingly, the Scorpio in the Abarth logo represents the zodiac sign of the founder, Carlo Abarth. In July 1971, Carlo Abarth sold the company to Fiat and by 1980s the brand name was used for the performance cars of Fiat. Around a decade ago, in 2007, Abarth was revived as an independent entity and was renamed Abarth & C. S.p.a with the launch of Abarth Grande Punto and Abarth Grande Punto S2000. In August, 2015 Fiat launched its performance brand in India, the first car to roll-out under this brand was Abarth 595. The other two Abarth powered cars in India are Abarth Punto and Avventura ‘Powered by Abarth’.
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