BELGRADE -- Fiat and the Serbian government have penned an agreement on production of the Punto in Kragujevac, the Italian outfit has announced.
Source: B92, Tanjug
Close the entire text of the article here
Under the deal, the Punto will be manufactured in Kragujevac not only for the domestic market, but for export too. The agreement also stipulates that production will begin in March and will reach a level of at least 15,000 cars a year, depending on market conditions.
A government delegation has been in Turin for two days discussing business plans for 2009 with Fiat officials, as well as a date when production of the company’s new model could begin at Zastava.
Dinkić, who is in Turin today with Fiat representatives, told B92 that the deal with Fiat had not been called into question, though new investments would come slowly because of the economic crisis.
“In March, work will begin alongside preparations for launching the new model, but those preparations will take a bit longer,” he said.
“Investments will be slower than we originally planned, but we couldn’t have predicted that the economic crisis would reach these proportions when we signed the contract with the Italians, and neither could the Italians,” said Dinkić.
Fiat CEO Mr marchionne is pretty a cheeky one, he is asking for millions to the Italian government in order not to lay off people and then he plans to build cars in Serbia . Is this the economy of the 21st century?
(marco, 30 January 2009 18:15)
“Investments will be slower than we originally planned,"
- yes but what about the 200 million Fiat signed up for this must be honoured or the contract is worth nothing and neither is Dinkics words of so called economic credibility!
Dinkic was so against the NIS deal with Russia but at least they will pay up as contracted!
(Kozjak, 30 January 2009 14:47)
“Investments will be slower than we originally planned,"
- yes but what about the 200 million Fiat signed up for this must be honoured or the contract is worth nothing and neither is Dinkics words of so called economic credibility!
Dinkic was so against the NIS deal with Russia but at least they will pay up as contracted!
(Kozjak, 30 January 2009 14:47)
Fiat CEO Mr marchionne is pretty a cheeky one, he is asking for millions to the Italian government in order not to lay off people and then he plans to build cars in Serbia . Is this the economy of the 21st century?
(marco, 30 January 2009 18:15)
Fiat CEO Mr marchionne is pretty a cheeky one, he is asking for millions to the Italian government in order not to lay off people and then he plans to build cars in Serbia . Is this the economy of the 21st century?
(marco, 30 January 2009 18:15)
“Investments will be slower than we originally planned,"
- yes but what about the 200 million Fiat signed up for this must be honoured or the contract is worth nothing and neither is Dinkics words of so called economic credibility!
Dinkic was so against the NIS deal with Russia but at least they will pay up as contracted!
(Kozjak, 30 January 2009 14:47)