Opel, Zastava to seal deal on Astra

Automotive

Representatives from Opel visited the Zastava Motors factory in Kragujevac looking to seal a deal on cooperation in assembling cars.

The experts from the German automotive giant were in the town in order to reach a firm agreement with their Serbian counterparts over preparations for the assembly of Opel Astra Classic cars in the Kragujevac factory, due to begin at the end of this year, Zastava Director Zoran Stošić said in a statement for Tanjug on Tuesday.

“The technical team’s visit is in keeping with the annex to the contract signed between the Zastava Motors Group and General Motors in July last year, which stipulated assistance to Zastava with the objective of transferring Opel technology to Kragujevac for the assembly of the Opel Astra Classic,” Stošić explained.

Zastava AGeM was formed in order to implement the contract between the Zastava Motors Group and General Motors signed on July 19, 2007, which specified that assembly of the Opel Astra Classic would begin at the Kragujevac factory in the third quarter of 2008.

1,500 models are planned for the first quarter, and 5,000 the following year. (B92)

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.