Volkswagen Considering Buying Serbian Carmaker Zastava | Carscoop

Volkswagen Considering Buying Serbian Carmaker Zastava

Wednesday, March 26, 2008 | 1 comments » Categories | , ,

According to Germany's Handelsblatt newspaper, Volkswagen AG is looking into buying the Serbian state-owned carmaker Zastava in order to gain additional production sites in Eastern Europe. Although the newspaper says that VW representatives visited a Zastava plant in Serbia ahead of the Easter holidays, a spokesman for the German company told Handelsblatt that Volkswagen has not yet decided whether to bid for the carmaker. Zastava is currently 99.9 percent-owned by the Serbian government, which aims to sell 98.8 percent of shares according to the report.

1 comments

  1. angrystan // March 26, 2008  

    Bricklin and company refused to specify the correct oil for the Yugo in North America. Through the process of continuous improvement the 1994 Yugo may have been something acceptable, although not in any way confused with a Honda. The United States bombed the factory, because it is still called "Zastava Gun Works" even though armaments were not produced there since WW II, and knocked them back about a decade.

    I like Zastava's spirit. I like their no nonsense approach, and their willingness to continuously improve what started as 1960's Fiat designs. They never had the resources to engineer a vehicle from scratch.

    With a little capital, the technical expertise of VW, and knowing VW is working out an all new line which (if we're lucky) shall embody in spirit the people's cars of old ...

    Okay, it won't be exciting, but it might just lead to some really good cars.

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