Kragujevac launches Zastava 10
Kragujevac-based Zastava automaker will officially launch production of Zastava 10 later this week.
Monday, 16.07.2007.
12:54
Kragujevac launches Zastava 10
Zastava Cars Director Zoran Mogdanović said that the production would mark the beginning of the long-awaited recovery of the Serbian car industry.In order to start with the production of the Zastava 10 model, the Kragujevac factory needed a EUR 14mn investment.
“Half of the sum has been spent on the purchase and installation of production equipment,” Bogdanović said, adding that the funds were secured from privatization of some Zastava Group companies and profits from Zastava 10 sales to date.
The Zastava 10 is the domestic version of Fiat's Punto model.
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