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The Serbian unit of Fiat plans to produce between 110,000 and 160,000 of its new 500L family of compact cars for markets in Europe and the US, up from the 30,000 produced last year after manufacturing started in July after a EUR1bn JV was agreed between Belgrade and Fiat in 2008, Reuters reported.
This would be a key boost for Serbian exports and the struggling economy. Serbia expects a 25% rise in the value of its exports this year to around EUR11bn with the automotive industry accounting for about 20% of the total including production from the Fiat plant in the central city of Kragujevac.
Related News in English
Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά