Fiat S.p.A. showed Serbian government officials two models that will be built at the carmaker's plant in the Balkan country and exported to the European Union and the United States, the Economy Ministry said.
A five-seat model designed for the EU and a seven-seat vehicle to be sold there and in the United States would be built at Fiat's factory in Kragujevac by about the second quarter of 2012, Mladjan Dinkic, Serbia's deputy prime minister in charge of economy, said in a statement sent by e-mail yesterday after the officials visited Fiat headquarters in Turin.
The project will add 1,433 jobs to an existing work force of 1,000 at the plant, and capacity will total 200,000 cars a year, with expansion to 300,000 vehicles possible, the ministry said.
Exports of the models in 2012 would total about 500 million euros ($697 million) and rise to 1.3 billion euros in 2013, it said. That would be equivalent to about 20 percent of Serbia's sales abroad in 2009, the ministry said.
Fiat, Italy's biggest carmaker, set up a joint venture with Serbia's government two years ago, taking a 67 percent stake in a partnership that absorbed state-owned carmaker Zastava. Plans for the new models are being revived after being frozen in 2009 because of the global recession.
The plant at Kragujevac makes about 20,000 Fiat Punto compacts a year, for sale in Serbia and abroad.
Test production of the new models is scheduled to begin next year, the ministry said, reiterating a statement from July.