Fiat-Concord Fabrica Material Ferroviario was a subsidiary of Italian automaker Fiat, founded as part of Fiat in 1960. Based in Caseros, Argentina, the foundations of the company were established in 1959, from the Pampa company. Fiat Concord produced cars, trucks and tractors. Tractors were also manufactured under the Agritec brand.
1959: The Argentine government regulates the auto industry to promote the development of local production. Fiat decides, like other manufacturers, including Americans, creating a center for local production to satisfy the law that imposes a local integration rate of 70%. Sept. 30 authorization from the Argentine government to build cars in is given to Fiat Concord.
08/04/1960: The new plant in Argentina Fiat subsidiary Concord, located Caseros, produced its first car, a Fiat 600 Concord, identical in all respects to the original Italian. They then created a second production line with capacity for 4,000 copies of the Fiat 1100 D.
1963: At the end of the year, Fiat 1100 is replaced by the Fiat 1500.
Fiat Concord included various Fiat subsidiaries in Argentina. Fiat Ferroviaria built locomotives and rail cars and was an important part of the company. It continued as part of Fiat until 2002, when it was sold to Sergio Taselli and renamed Material Ferroviario S.A. (Materfer). The sale included the brand name of Agritec, which had been used by Fiat on some tractors in Argentina, and also GMD (Grandes Motores Diésel). Materfer today builds locomotives, railcars and buses under the Materfer brand, and tractors, skid-steers and combine harvesters under the Agrinar, Marani and Marani Agrinar brands.