fiat opens production line in serbia
Last Updated : GMT 06:27:14
Arab Today, arab today
Arab Today, arab today

Fiat opens production line in Serbia

Arab Today, arab today

Arab Today, arab today Fiat opens production line in Serbia

Kragujevac - Arabstoday

Italian carmaker Fiat opened a production line in Kragujevac, Serbia, for the new family version of its popular 500 city car on Monday. Fiat hopes to sell about 160,000 hatchbacks a year produced in this central Serbian town, which was selected to take advantage of low wages, tax breaks and government subsidies. The Italian carmaker said the four-door 500L the L stands for Large multipurpose vehicle is designed to be “generous” in its size and features, and ecological and simple to drive. Fiat and Chrysler chief executive Sergio Marchionne, who attended the opening ceremonies for the factory, said the car was set for an autumn launch and was designed to appeal to markets on both sides of the Atlantic. The basic price per car is set to be 16000. This factory is more than a modernised factory,” Marchionne said. “We wanted to turn this region (of Serbia) into a region that will attract more (foreign) investment.” Fiat and the Serbian government have a 67-33 per cent share respectively in a joint company, Fiat Cars Serbia. Some 1 billion ($1.3 billion) was reportedly invested in the refurbishing and equipping of the old Zastava car factory in Kragujevac for the new Fiat production line. By the end of 2012, some 2,400 people will be employed at the plant plus 1,000 with suppliers, Fiat said. Once fully operational, the plant will have a production capacity of up to 200,000 cars a year. The old factory in Kragujevac used to produce Yugo a boxy little model that was considered the worst quality car ever imported in the US during the 1980s. Niche Italian luxury carmaker Maserati, owned by Fiat, aims to make 10 times more cars by 2015 as it expands its range to include a sports utility vehicle and a new high-end sedan aimed at US consumers. Maserati’s move into higher-volume cars follows Fiat’s purchase of a majority stake in US automaker Chrysler, and is part of an industry-wide trend towards luxury SUVs. The company said it aims to sell 50,000 cars annually by 2015. Maserati made 5,675 cars in 2010 at a factory near Bologna, where it was founded in 1914. Maserati will double its number of dealers by 2014, its marketing director Massimo Farao’ said at the Geneva car show last month.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat opens production line in serbia fiat opens production line in serbia

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat opens production line in serbia fiat opens production line in serbia

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday