Sweden - Southeast Europe News Site

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Serbia's motor city shifts into overdrive after deal with Fiat

SerbiaPosted by Chambers of Commerce Sweden - Southeast Europe Sun, June 14, 2009 09:28:05

Contrary to the gloomy car industry in the rest of the world, there is a new sense of optimism at Zastava Automotive, the state-owned Serbian carmaker. Fiat, the Italian carmaker, has taken over management, bringing new technology, stricter quality control and automated paint sprayers. Meanwhile, a government stimulus package to encourage the purchase of locally made cars has dramatically boosted demand. Read more here.

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