The automobile company name Fiat is an acronym, the "t" standing for Turin, where it is located. I can't remember the first three letters. I'll try to look them up.
Second Edit:Fiat is an acronym. It stands for Fabbrica Italiana Automobili di Torino
Edit: here are uncomplimentary acronyms:
FIAT


F**ked In the Ass Twice
Failed In A Tunnel
Failure in Italian Automotive Technology
Failure In Automotive Technology
Feeble Italian Attempt at Transportation
Fits In A Thimble
Fix It Again Today
Fix It Again Tony
Fix It All the Time
Flats In All Tires
Found In A Trench
Futile Italian Attempt at Transportation