Serb Zastava in talks to assemble Fiat cars -govt

Newswire

By Gordana Filipovic BELGRADE, June 23 (Reuters) - Serbia said on Thursday its sole car manufacturer Zastava could soon be assembling the Punto car produced by Italy's Fiat , getting a new lease of life after a decade of failing to find a strategic partner. Talks began a year ago after Fiat agreed to write off 72.5 percent of a 42 million euro ($51.18 million) debt claimed against Serbia's troubled car-to-weapons producer. The remaining 11.5 million euro debt is due to be repaid by the ...

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