Fiat Automobiles is an Italian manufacturer of cars that was founded in Turin in 1899. After its merger in 2014 with Chrylser, the company's full name became Fiat Chrysler Automobiles, while Fiat remained a brand of cars. It is currently the second-largest manufacturer of cars in Europe.
The name Fiat is an acronym for "Fabbrica Italiana Automobili Torino", which means Italian Automobiles Factory Turin).
The correct pronunciation of Fiat in Italian is Fee-aht. The "i" is pronounced as "ee" because in Italian the letter "i" is pronounced exactly as "e" in English. The "a" in -aht is pronounced as an open "a", as if you were making an "aaaah" sound, like when you are at the dentist.