New Fiat model not to be ready before 2020

There have been public speculations recently about the announcement of a new Fiat model, which is allegedly to start being produced in 2019. Danas, however, writes that the new model cannot be expected before 2020.

Certain local media announced that the production of a small Fiat SUV will begin in Kragujevac in 2019, Danas writes, as reported by N1.

The company hasn't made an official statement, but unofficially, there have been indications from the factory that the media speculations are without basis, the daily writes.

As Danas reports, the only thing certain is that the plant in Kragujevac will be put in charge of the production of the new model, but certainly not in 2019.

The daily writes that the General Manager of Fiat's factory in Kragujevac, Silvia Vernetti, should discuss the plans of the Fiat Chrysler group in Serbia with the competent representatives of the Government of Serbia in late December or early January. The question of the financial participation of the state of Serbia, as the factory's co-owner, in the further development plans, will probably also be discussed then, Danas writes.

In line with its stake, Serbia should participate with 33% in the financing of the development of the new model. The development and the promotion of the new model costs several hundred million to a billion euros. This means that, even if the top management of Fiat Chrysler reaches such a decision, the production in Kragujevac couldn't begin before 2020, and then under the condition that it is a model in the advanced stages of development.

In late 2017, the Kragujevac plant confirmed that it had received the “silver status” in the production of world class cars, as well as two additional points. It is almost certain to get another two points it needs for the “gold status”, which will definitely qualify it for the new model, Danas writes.

FCA Srbija Kragujevac

Fiat Chrysler Automobiles

Fiat Chrysler Automobiles Serbia

FCA

new Fiat model

new Fiat model in Kragujevac

off road vehicle

small off road vehicle

SUV vehicle

Silvia Vernetti