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In April 2008, Fiat reached an agreement to purchase the damaged Kragujevac plant, completing a joint venture with the Republic of Serbia that same year and renaming the company Fiat Automobili Srbija (FAS). [a] Fiat pledged €700 million in return for a 67 percent stake in the company (then owned by the state) and an additional €100 million ...
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Until 2013, Telekom Srbija had a monopoly on fixed telephony services. When the new regulation came in force, competition became allowed in this field as well, and other operators entered the market, using alternative communication infrastructure: Orion Telekom – over CDMA
A new company was named Fiat Automobili Srbija. The new company would make a total investment in the region of 700 million euros, with the government contributing 200 million euros to this. The Zastava plant would produce two new Fiat models, rejecting previous reports the plant could produce the 500 compact city car. [20]
In 2008, FIAT entered a joint venture (JV) with the Republic of Serbia, creating what would become known as FCA Srbija. The JV extensively renovated and remodeled the former headquarters facility and assembly plant of Zastava Automobiles, and now manufactures the Fiat 500L, [11] [12] with an annual capacity of 85,000 cars (as of 2016). [13]
Fiat returned to North America in the 1950s, selling the original 500, Fiat 600 Multipla, Fiat 1100, Fiat 1200, [43] and the Fiat 1300 from 1961. Models produced from the 1960s onward include the Fiat 124 Sport Spider and the Fiat X1/9 - these two sporting cars remained rather successful in the United States market, which took nearly sixty ...
Fiat Industrial Vehicles (Fiat Veicoli Industriali) was Fiat's truck and bus division. It was created in 1903 with the launch of the 24HP model. By 1908 the company produced around 120 trucks, and by the end of 1918 production had grown to 17,000.
The Yugoslavian-built Zastava 600 was a version of the Fiat 600 built under license. [4] Production of Fiat-badged cars commenced in 1955, and the model was upgraded with a larger engine in September 1960. [4] It received the Zastava 750 badge in 1962. The 750 retained frontal suicide doors (rear-hinged) until 1969. Later it got bigger front ...