Wednesday, March 26, 2008

Volkswagen Considering Buying Serbian Carmaker Zastava

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

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