UPDATE 2-Fiat signs Serbia deal on investment, new cars

Newswire

(Adds details, Fiat statement) By Ivana Sekularac BELGRADE, April 30 (Reuters) - Italy's Fiat is teaming up with Serbia to invest 700 million euros ($1.09 billion) to produce two new car models in local carmaker Zastava's plant in the town of Kragujevac. Serbian officials said Fiat would own 70 percent of the joint venture. "Fiat plans to start production of one new model by the end of next year, and of a second model by the end of 2010," Serbian Economy Minister Mladjan Dinkic said ...

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