Kragujevac
has been an important industrial and trading centre in Serbia for over two
centuries. The city's industry are best known by its automotive production and
firearms manufacturing. The former state-owned Zastava Automobiles company
was founded in 1953 and produced the well known, Yugo subcompact
brand of vehicles. Zastava was sold toFiat in 2008, with Fiat pledging to
invest 700 million euros into the company now
