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Fiat buys Yugo maker, will build new Topolino mini car

During the last few decades of Communism in Eastern Europe, Fiat had several licensing deals with manufacturers in the region to produce obsolete versions of their cars for sale there. Results of these deals included Russian Ladas and perhaps one of the worst imports of all time, the Yugo, built in the former Yugoslavia by Zastava. Yugoslavia no longer exists but Zastava is still around in Serbia producing Fiat-based cars for the Balkan market. Yesterday, Fiat announced its intention to purchase a controlling interest in the automotive ... Read more →

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