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FAS factory officially opens in Kragujevac

17. April 2012. | 08:10

Source: Emg.rs, Tanjug

The Serbian government and Fiat signed the agreement on establishing FAS company on September 29, 2008, as a joint business association in which the Turin-based giant holds 67 percent stake while Serbia has a 33 percent share.

The factory of Fiat Automobili Srbija (FAS) officially opened in Kragujevac, central Serbia, as the joint project of the Serbian government and Italian giant Fiat worth around EUR 1 billion.

Serbian Prime Minister Mirko Cvetkovic, Director General of FIAT-Chrysler Group Sergio Marchionne and members of the company's top management attended the official opening of the car factory.

The Serbian government and Fiat signed the agreement on establishing FAS company on September 29, 2008, as a joint business association in which the Turin-based giant holds 67 percent stake while Serbia has a 33 percent share.

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