Well, Italy had been overrun by the War, there had practically been civil war, north and south of the Gothic Line, heavy bombing, the northern industrial cities had been bombed heavily and we had political disorder before 1948.

Gianni Agnelli

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Well, the Communists at that moment were very strong in Italy and the Italian Communist Party was the biggest Communist Party outside Soviet Union, there's no doubt about that.

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The factories were heavily bombed, but practically the construction work had been redone very quickly.

— Gianni Agnelli

Now between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.

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Italy in the first years got food, for the first year or the first periods got food. Then we got raw materials and then we got tool machines, let's say, instruments for working.

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I mean, what Fiat had it was not very big, it was something like forty or fifty million dollars, but it's enough to get revolving credit, to get starting away again, the buying of new machinery.

— Gianni Agnelli