Fiat SpA (F) plans to produce at least 120,000 units of its new 500L model at its plant in Serbia next year, Belgrade newspaper Danas reported, citing an interview with Antonio Cesare Ferrara, head of Fiat Automobili Srbija.
Output may rise to as many as 200,000 units depending on demand, Ferrara, who heads Italy’s biggest manufacturer’s joint venture in Serbia, told Danas. The company began producing 500Ls, a five-seat version of the compact, at the plant on July 4 and plans to increase daily output to 550 units by early November from 50 a day at present, he said in the interview.
Production of a seven-seat version is planned for next year, Ferrara was cited as saying, adding that the company aims to add 800 jobs by year-end, raising the total number of employees to 2,500.
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