News:Argos:Fiat signs agreement to buy Zastava car plant in Serbia

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Italian automaker Fiat SpA has signed a memorandum of understanding to buy the Zastava plant in Serbia where Fiat Puntos and Opel Astras are currently produced for southeastern Europe, officials said Wednesday.


In Serbia, Economics Minister Mladjan Dinkic said the deal envisages an investment by Fiat of up to €700 million (US $1 billion) in the plant for the production of 200,000 cars over the next several years.

Herald Tribune


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