Minister confirms Zastava, GM deal
Mlađan Dinkić says automaker Zastava and General Motors will on Thursday sign a contract for production of Opel vehicles.
Wednesday, 18.07.2007.
15:57
Minister confirms Zastava, GM deal
The government approved the proposed business cooperation between Zastava Cars and General Motors in April, allowing the Kragujevac factory to assemble two Opel models in its facilities.The U.S. based General Motors is a global automobile industry leader with over 284,000 employees in 33 countries, and net profit that last year reached US$ 270bn.
Reuters broke the news about the sealing of the deal Tuesday, quoting sources close to the negotiations.
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