Zastava Automobiles's a Serbian industrial conglomerate based in the city of Kragujevac, 86 miles (138 km) southeast of Belgrade, its nowadays a joint venture between Fiat Group (67 %) and Serbia's government. It's most known for its Fiat-based automobiles, which began assembling in 1955 for Eastern European markets. The firm also manufactures military and sporting small arms, most of them based on Russian and German design, under the name Zastava Arms. On 28 July 2008, Fiat signed a letter of… (
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