Over 90% of Fiat’s car production in Serbia will be exported through the port of Bar in Montenegro. It will start serial production of the 500L in Serbia during the second quarter. Fiat produces the Punto subcompact in Serbia. In the first year, a total of 90,000 Fiat cars will be shipped through the port of Bar.
There will be a gradual increase to 200,000 vehicles in three years, according to Montenegro's transportation ministry. In addition, this port will manage the imports of auto components from Italy for the Fiat plant in Serbia. The agreement was inked last Thursday in Bar between Fiat's shipper Grimaldi Group and Montecargo AD, which is the local provider of rail cargo services in Luka Bar.
This factory in Serbia is a joint venture between Fiat and the Serbian government. This was created when Fiat took over the now defunct Zastava Automobili in Kragujevac, central Serbia, to become the 67% owner of Fiat Automobili Srbija. The five-door 500L will start selling in the fourth quarter in Europe and in early 2013 in the U.S. market.
This high-roofed 500L will join the retro-styled 500 range, which will then have four models. The 500L will replace the present Idea and Multipla models in Fiat's lineup. At the upcoming Geneva show, Fiat will display a production-ready version of the 500L.