Fiat Automobili Srbija cuts output forecast for Fiat 500L lineup

Article by Christian A., on July 9, 2013

The Serbian unit of Fiat SpA has trimmed its annual output forecast for the Fiat 500L lineup due to delays in introducing the model range in Russia, according to Antonio Ferrara, chief executive of Fiat Automobili Srbija. Ferrara trimmed the unit’s upper end of the expected sales from 150,000 to 140,000 vehicles as sales to the Russian market have yet to commence.

He remarked that if the Russian market will continue to delay, they have to further change the sales forecast. In mid-March 2013, the company told a business forum in Serbia that the site expected to build between 110,000 and 150,000 units. Serbia currently has a free-trade agreement with Russia, but it excludes cars.

The country has been pushing to have cars included in the free-trade agreement to allow exports of Fiat vehicles to Russia under more favorable terms. The site is a EUR1 billion ($1.3 billion) joint venture between Serbia and Fiat. Established in 2008, the joint venture is 67 percent owned by Fiat and 33 percent by the Serbian state.

Exports from the Kragujevac site are considered a key driver of economic growth in Serbia, which recently recovered from recession in the first quarter of 2013. Fiat recently unveiled the seven-seat 500L Living minivan, the latest model in the 500L family

Topics: fiat, fiat 500l, lineup

If you liked the article, share on:

Comments

Recommended

More efficient, more power and longer range. This is how we could best describe the electric version of the Volkswagen Golf for the 2017 model year. In terms of efficiency,...
by - February 28, 2017
If you think you’re all ready for the new 2018 Audi S4 sedan when it arrives in the United States this spring, then better make sure that your pockets are...
by - February 28, 2017
One of the executives at Volkswagen tagged in the so-called Dieselgate scandal has pleaded not guilty to a list of allegations surrounding the carmaker’s actions to cheat emissions regulations in...
by - February 27, 2017
When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries