Government Planning to Sell Factory if Fiat Leaves Serbia?
If Stellantis decides to leave Kragujevac, the Government of Serbia, the daily’s sources claim, has a plan B.
In that case, the government would buy off Fiat’s stake in the joint company and then sell the entire factory to another car manufacturer.
Volkswagen, which has been announcing the construction of a new factory in the Balkans in the past years, is being mentioned as a potential purchaser. The Kragujevac car factory might also be offered to one of the Chinese producers, which had also been showing interest in Zastava for years before Fiat arrived. Furthermore, there are also Japanese companies, as well as South Korea’s Hyndai and India’s Tata Motors, which have also negotiated with Zastava on a strategic partnership.
The European Union would most probably pressure Serbia over the potential sale of the Kragujevac factory to the Chinese, but those familiar with the matter believe that those pressures might be annulled by the fact that “their” company (Stellantis) would be responsible for the situation, as their leaving would make several thousand families in Serbia lose their source of income.
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