Serbia Mulls Fiat Industrial Partnership for IMR Tractor Maker

Serbia will offer CNH Global NV (CNH), a unit of Fiat Industrial SpA (FI), the chance to form a partnership with Industrija Motora Rakovica AD, a state-controlled maker of engines and farm machinery, a government minister said.

A “joint project” between CNH Global and the unprofitable Serbian company known as IMR may be modeled after Fiat Automobili Srbija, the car-making venture between Fiat SpA (F) and the Serbian government, Finance and Economy Minister Mladjan Dinkic said during a parliamentary debate in Belgrade today.

Contacts on a possible investment in IMR are also being held with a company from Belarus, Dinkic said without specifying.

To contact the reporter on this story: Misha Savic in Belgrade at

To contact the editor responsible for this story: James M. Gomez at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.