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Posts Tagged ‘italian carmaker’

Fiat to pay EUR 100mn “by end of year”

President Boris Tadić says Italian carmaker Fiat will by the end of this year make the EUR 100mn payment in the Zastava deal. Tadić was on a trip to Turin, Italy on Sunday, and said that an annex to the contract between Fiat and the state of Serbia, concerning the Kragujevac-based Zastava car manufacturer, will be signed on Wednesday.

Fiat annex “postponed indefinitely”

Belgrade daily Danas writes that Italian carmaker Fiat is once against postponing its move into the Zastava factory in Kragujevac. Despite announcements that the annex to the contract between Fiat and the Serbian government for forming a joint company would be signed on Tuesday, the document will not verified, since the Italians have still not given their business plan for the new company, according to the daily’s sources.