Serbia To Start Building 15,000 Fiat Puntos

The Serbian government has signed a deal with Italian automotive manufacturer Fiat whereby 15,000 units of the Fiat Punto will be produced in Serbia, beginning in March this year. The deal, signed on January 30, marks the first phase of the EUR700mn (US$900mn) agreement that was originally made between the parties in September last year. Under the agreement, Fiat will own 70% stake in the Serbian state-owned carmaker Zastava, with the government retaining a remaining 30%

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