Fiat halts production, Zastava awaits

Italy's carmaker Fiat has decided to halt production in all its plants for a month, due to the international financial crisis.

Izvor: B92

Saturday, 13.12.2008.

17:40

Default images

Italy's carmaker Fiat has decided to halt production in all its plants for a month, due to the international financial crisis. On Friday, the company's managing board announced that only its main factory Mirafiori would be temporarily shut down, but today it became apparent that all Fiat production would stop for a month, while it was hinted that this period would likely be extended. Fiat halts production, Zastava awaits Reuters reported today that Chief Executive Sergio Marchionne said in a year-end address to executives published in la Repubblica newspaper that 2009 would be the toughest year of his life and urged European government assistance for the auto sector. Meanwhile in Serbia's only carmaker, Zastava Kragujevac, that has entered a strategic partnership with the beleaguered Italian company – and in the process shut down the production of several of its old models – equipment used to manufacture Yugos and Zastava 101s will not go to scrap metal after all. The factory's Independent Union President Zoran Mihajlovic said on Saturday that his organization requested that production lines not be sold yet, until Zastava gets guarantees from Fiat, and "until EUR 200mn have been paid", according to Beta. "The Privatization Agency and the government agreed that the equipment can remain in Kragujevac," he told the news agency. "We know that 2009 will be a crisis year for automaker giants, so we must be prepared for the bad scenario," Mihajlovic continued. According to him, it remains unclear which models will be produced in Fiat's Kragujevac plant. This union leader also revealed that he unofficially learned that the planned production of Punto might be scrapped altogether, while announcements that vehicles manufactured in Kragujevac would be exported to Russia "might have been premature". "I think that Fiat will likely drop their initial business policy and many things that they intended to do here," Mihajlovic said.

Fiat halts production, Zastava awaits

Reuters reported today that Chief Executive Sergio Marchionne said in a year-end address to executives published in la Repubblica newspaper that 2009 would be the toughest year of his life and urged European government assistance for the auto sector.

Meanwhile in Serbia's only carmaker, Zastava Kragujevac, that has entered a strategic partnership with the beleaguered Italian company – and in the process shut down the production of several of its old models – equipment used to manufacture Yugos and Zastava 101s will not go to scrap metal after all.

The factory's Independent Union President Zoran Mihajlović said on Saturday that his organization requested that production lines not be sold yet, until Zastava gets guarantees from Fiat, and "until EUR 200mn have been paid", according to Beta.

"The Privatization Agency and the government agreed that the equipment can remain in Kragujevac," he told the news agency.

"We know that 2009 will be a crisis year for automaker giants, so we must be prepared for the bad scenario," Mihajlović continued.

According to him, it remains unclear which models will be produced in Fiat's Kragujevac plant.

This union leader also revealed that he unofficially learned that the planned production of Punto might be scrapped altogether, while announcements that vehicles manufactured in Kragujevac would be exported to Russia "might have been premature".

"I think that Fiat will likely drop their initial business policy and many things that they intended to do here," Mihajlović said.

Komentari 6

Pogledaj komentare

6 Komentari

Možda vas zanima

Snažno nevreme stiže u Srbiju 5
Društvo

Snažno nevreme stiže u Srbiju

U većem delu Srbije će danas pre podne biti pretežno sunčano, toplo, suvo i vetrovito, uz olujnu košavu u Beogradu, na jugu Banata, u Pomoravlju i donjem Podunavlju, a već u poslepodnevnim satima biće kratkotrajne kiše ili pljuskova.

7:13

1.5.2024.

20 h

Podeli: