When the Yugo first arrived on our shores in 1985, it made headlines with its bargain basement $4,000 USD price tag. Of course, four large didn't buy you much of anything, except for a series of breakdowns and the laughter of virtually every motorist that easily passed you by. While the Yugo hasn't been sold in the U.S. since 1991, for the right price you can now bid for the distinct pleasure of owning Zastava, the Serbian company responsible for producing and exporting the biggest punch line in automotive history. The government of Serbia has announced that Zastava, the country's only automaker, is selling off over 90% of its shares this coming April for an undisclosed amount. While the eastern European automaker employs 4,000 workers and can build up to 60,000 vehicles per year, but currently the factory is only producing 15,000 units.
The Yugo was such a disaster when it hit the States, it seemed as though every comedian was required by law to make at least one joke about it. It didn't help that one Yugo owner was killed when the cheap compact became the one and only vehicle ever to be blown off the Mackinaw bridge that connects the upper and lower peninsulas of Michigan. If the price is right, though, we're sure someone will sop up the company, if only for the production capacity and cheap Eastern European labor.
[Source: Detroit News]