DeTomaso Mailing List: July 2001, Message #120

Hi guys,

Awhile back, somebody on this forum asked regarding the meaning of S.p.A., as 
in De Tomaso Modena S.p.A.  While many of us theorized that it was something 
akin to our "inc.", I decided to ask them directly.  Liz, De Tomaso's main 
interpreter, gave a detailed reply.  Our conversation appears below....

Mike

===

> What, literally, does S.p.A. stand for? 

S.p.a stands for Società per Azioni (literally Company per share).

 Lots of Americans talk about 
> "DeTomaso Modena Spa", pronouncing Spa as one word.  Should it 
instead be 
> pronounced as the individual letters S,P,A? 

Yes, every letter should be read individually.

As far as I have been taught it means that every partner holds a part 
of the total share of the company in terms of money, means and capital 
in general. In Italy it is very common because in this way also 
responsability is shared among the partners.
 
This is everything I know, I hope my explanation was helpful enough!

Whenever you have some doubts I am here!!

Ciao 

Liz