Fiat corporation loses almost 70% of value in the previous year - Contract in Serbia until 2018

According to him, in the previous year, stock market value of Fiat in the world of USD 16,5 per share fell to USD 5,5, which means that Fiat as corporation lost almost 70% its value sine it does not adapt to market.

The company is two or three years late with new models, all other competitors launched new models in that category we produce, some even two for the time we have been producing one, Busatlija says.

He estimated that attempt to sell Fiat to the Russians is a volunteer one. It has nothing to do with management of Fiat which is better positioned in Russia and will sell its cars than we.

Contract with Fiat lasts until 2018,and after that the company is not obliged to day here, Busatlija says and adds that he is afraid they will leave Serbia before since their business shows they do not have interest to expand production or produce new car type here.