Fiat Serbia

Current • Fiat Grande Panda (July 2024 – present; petrol, hybrid and electric), a five-door, five passengers, front-engine, front-wheel drive, high-roof B-segment crossover. Former , European model • Fiat 500L (2012–2022), a five-door, five passengers, front-engine, front-wheel drive, high-roof B-segment MPV, which Stellantis markets globally in more than 100 countries — with the notable exception of Russia. • Fiat Punto Classic (2009–2011, 2013) == Background ==

From 1955 to 2008, the Kragujevac plant manufactured Zastava Automobiles under the Zastava, Yugo, and Fiat brands. Serbia's central Šumadija region was severely impacted in the 1990s by the collapse of Yugoslavia, as well as the subsequent war and its sanctions. The factory buildings were severely damaged in 1999 during the Kosovar War by NATO bombings. By the early 2000s, automotive companies began opening new manufacturing plants in nearby Hungary, Romania, Slovakia, and Slovenia — representing brands including Audi, Mercedes-Benz, Renault, and Suzuki. This was later increased to €300million. Fiat pledged not to cut jobs and to pay a backlog in wage payments, saying the plant would become a dedicated Fiat production site with a maximum production capacity of 330,000 units. In the end, the financing consisted of an investment by the government of Serbia of more than €300million, partially financed from credit of €500million in credit given by European Investment Bank with Republic of Serbia guarantees for €300 million while €200million of the same credit line guaranteed by Servizi Assicurativi del Commercio Estero (SACE). While the joint venture contract is not publicized, but got renewed. In 2018, FCA Srbija was Serbia's second largest (gross) exporter, at €714.1 — behind HBIS Group, owner of Smederevo Ironworks. In 2021, following FCA merger into Stellantis, the Serbian company has been renamed Fiat Serbia. == Plant ==

Between 2010 and 2012, Fiat Chrysler Automobiles and the Government of Serbia invested more than €500 million and spent three years upgrading the plant infrastructure, restored its buildings, developed new production departments and installed state-of-the-art machinery and production systems. The renovated Kragujevac plant incorporates 51 buildings total and five primary process-related buildings — with an area of approximately 220,000 square meters covering more than 140 hectares includes sub-works for Magneti Marelli (bumpers, spoilers, exhaust systems and catalytic converters), Johnson Controls MM (instrument panels, interior, interior parts and plastic parts), Dräxlmaier (electrical), with other plants nearby, including Adient (seats), PMC (suspension systems, sheet metal stampings and chassis assemblies), SIGIT (rubber and plastic parts) as well as HTL. == Layoff, strike and stoppages ==

In June 2016, Fiat Serbia laid off nearly 30 percent of its workforce and ended one of its three shifts. == See also ==

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