Q:
A:
Fiat, Zastava finalise talks, initial two agreements
Belgrade,
28 July 2005
Serbian Minister of Economy Predrag Bubalo said today that Italian automaker Fiat and Kragujevac’s Zastava have finalised negotiations and initialled two contracts in Turin today.
Predrag Bubalo at today's press conference
Bubalo told a press conference following the government’s session that Fiat and Zastava signed a licensing agreement and an agreement on delivering unassembled Fiat Punto cars to Zastava for final assembly.
Given that Zastava will now have a full Fiat license, the agreement gives the Kragujevac automaker the opportunity to start manufacturing whichever Punto parts it can.
Bubalo recalled that there are more than five million Punto cars across Europe and he announced that domestic producers could attain a significant role in the manufacture of spare parts for the Punto model.
According to him, the first batch will be assembled at Fiat’s plants in Italy by Serbian workers, which will also serve as training for their new job.
Bubalo expressed the hope that the agreements initialled today will be officially signed in early September and he announced that a presentation of Punto with the Serbian symbols and name will be held in Belgrade in October under a gathering between Italian and Serbian businesspeople called “Italy in Belgrade 2005”.
Bubalo noted that Zastava will continue to manufacture all the vehicles from its current programme and he added that an initiative to restore cooperation with Germany’s Opel automaker could yield certain results this autumn.
Given that Zastava will now have a full Fiat license, the agreement gives the Kragujevac automaker the opportunity to start manufacturing whichever Punto parts it can.
Bubalo recalled that there are more than five million Punto cars across Europe and he announced that domestic producers could attain a significant role in the manufacture of spare parts for the Punto model.
According to him, the first batch will be assembled at Fiat’s plants in Italy by Serbian workers, which will also serve as training for their new job.
Bubalo expressed the hope that the agreements initialled today will be officially signed in early September and he announced that a presentation of Punto with the Serbian symbols and name will be held in Belgrade in October under a gathering between Italian and Serbian businesspeople called “Italy in Belgrade 2005”.
Bubalo noted that Zastava will continue to manufacture all the vehicles from its current programme and he added that an initiative to restore cooperation with Germany’s Opel automaker could yield certain results this autumn.
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