On September 26, 1966, a meeting was held between the management of SPC (state production cooperative) Balkankar and representatives of the Italian automobile company
Fiat. Subsequently, the
Fiat representatives informed their management in
Turin that SPC
Balkankar wished to enter into a contract with
Fiat, with performance to be given in several stages as follows: • Until the end of 1966, Fiat was to deliver 300-350
Fiat 850 passenger cars in complete knockdown (
CKD) kits to be assembled by SPC
Balkankar. • Until the end of 1967, Fiat was to deliver 3000-5000 Fiat 850 passenger cars in complete knockdown kits to be assembled by SPC Balkankar. • Fiat was to design a factory for the assembly and partial manufacture of automobiles, which was to begin operations in Bulgaria at a later date. • Fiat was to set up a network of service stations. • Fiat was to design and construct a warehouse for spare parts. The proposed contract specified that SPC Balkankar was to pay Fiat through barter of Bulgarian goods exported by Bulgarian ETO's (export trade organizations). On November 17 and 18, 1966, the sales manager of SPC Balkancar and the Fiat representatives negotiated a finalized version of the contract, which resolved the earlier impasse caused by the steep demands of the Bulgarian side. On December 6, 1966, the Bulgarians received the first blueprints from Fiat in two variants – 1A and 2A. The actual contract was signed in
Turin,
Italy, between SPC Balkankar and Fiat, providing that Balkankar would be allowed to assemble the passenger cars Fiat 850 sedan, Fiat 850 coupé,
Fiat 124 sedan and
Fiat 124 station wagon. == Production ==