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Zastava Automobiles
Zastava Automobiles (Serbian: Застава Аутомобили, Zastava Automobili) was a Serbian and Yugoslav international car manufacturer, a subsidiary of Group Zastava Vehicles which went bankrupt in May 2017.
After many decades of producing different car and truck models under the Zastava brand, the company ceased all vehicle production in 2008. Since then, a new company, FIAT Automobiles Serbia, has taken over the Zastava Automobiles facilities, after extensive reconstruction and renovation.
Initially, Zastava was widely known for its locally built versions of the Fiat 128 and Fiat 600, and latterly the Zastava 102 - based on the Fiat 127.
During the 1980s, Zastava sold its compact cars in North and South America and Western Europe under the "Yugo" brand, competing in the budget segment of the market alongside other Eastern European brands such as Lada and Skoda. Its final model, the Yugo Sana, was styled by Italian designer Giorgetto Giugiaro and launched in 1988, but its production was cut short by the Yugoslav wars. By the same time the Yugo brand had disappeared from most Western markets by 1991 or 1992. In 1999, the factory was damaged by NATO bombing during the Kosovo War.
The post-Yugoslav era has been difficult for Zastava, just as most of the other major companies based in Serbia, which suffered from hyperinflation, international sanctions, and economic mismanagement. As a result, production almost stopped and the company failed to introduce new models for a long time.
In September 2005, the company signed a new agreement with Fiat to produce a version of the 2003 model Fiat Punto for the Balkans under the name Zastava 10, with a capacity of 16,000 units annually.
In December 2007, Serbia announced that Zastava would be privatized in April 2008.
The roots of Zastava lay in the 1851 founding in Kragujevac of the Vojno-Tehnicki Zavod (Military Technical Institute). The institute developed a cannon foundry division in 1853, becoming a military vocational school in March 1854. During the 1880s, Zastava also began with the production of firearms. At the end of the 19th century the cannon foundry changed its name to the Military Engineering Works. The firm rapidly expanded its production program and the complexity and quality of its products. That original company is now known as Zastava Arms.
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Zastava Automobiles
Zastava Automobiles (Serbian: Застава Аутомобили, Zastava Automobili) was a Serbian and Yugoslav international car manufacturer, a subsidiary of Group Zastava Vehicles which went bankrupt in May 2017.
After many decades of producing different car and truck models under the Zastava brand, the company ceased all vehicle production in 2008. Since then, a new company, FIAT Automobiles Serbia, has taken over the Zastava Automobiles facilities, after extensive reconstruction and renovation.
Initially, Zastava was widely known for its locally built versions of the Fiat 128 and Fiat 600, and latterly the Zastava 102 - based on the Fiat 127.
During the 1980s, Zastava sold its compact cars in North and South America and Western Europe under the "Yugo" brand, competing in the budget segment of the market alongside other Eastern European brands such as Lada and Skoda. Its final model, the Yugo Sana, was styled by Italian designer Giorgetto Giugiaro and launched in 1988, but its production was cut short by the Yugoslav wars. By the same time the Yugo brand had disappeared from most Western markets by 1991 or 1992. In 1999, the factory was damaged by NATO bombing during the Kosovo War.
The post-Yugoslav era has been difficult for Zastava, just as most of the other major companies based in Serbia, which suffered from hyperinflation, international sanctions, and economic mismanagement. As a result, production almost stopped and the company failed to introduce new models for a long time.
In September 2005, the company signed a new agreement with Fiat to produce a version of the 2003 model Fiat Punto for the Balkans under the name Zastava 10, with a capacity of 16,000 units annually.
In December 2007, Serbia announced that Zastava would be privatized in April 2008.
The roots of Zastava lay in the 1851 founding in Kragujevac of the Vojno-Tehnicki Zavod (Military Technical Institute). The institute developed a cannon foundry division in 1853, becoming a military vocational school in March 1854. During the 1880s, Zastava also began with the production of firearms. At the end of the 19th century the cannon foundry changed its name to the Military Engineering Works. The firm rapidly expanded its production program and the complexity and quality of its products. That original company is now known as Zastava Arms.