2008 Fiat and Zastava MOU
On July 28, 2008, Fiat signed a letter of intent to assume control of Zastava and pledged to invest 700 millions euros in the plant to manufacture newer Fiat models in return for 67% ownership of the plant. The last Zastava branded vehicle rolled off the assembly line on November 21, 2008.
Read more about this topic: Zastava Automobiles
Famous quotes containing the word fiat:
“Then for the Style; Majestick and Divine,
It speaks no less than God in every Line:
Commanding words; whose Force is still the same
As the first Fiat that produc’d our Frame.”
—John Dryden (1631–1700)