Automotive
Draxlmaier Opens New Production Unit In Brasov In EUR50M Investment
German group Draxlmaier has invested EUR50 million in a new production unit in Brasov, which will make dashboards, consoles and doors for the world's largest automakers.
ACEA: New Car Registrations In Romania Up 8.3% In January-March
New car registrations in Romania rose 8.3% to 14,452 units in the first quarter of 2015, from 13,345 units in the year-earlier period, while sales of Romanian Dacia cars in the EU grew 5.1%...
Romania’s Auto Market Sees Best First Quarter In Six Years
New car registrations rose by 8% in the first quarter of 2015 compared with the year-ago period to almost 14,500 units, the highest volume in six years, according to the Driving License and...
Inteva Products Opens New Facility In Oradea
US automotive supplier of engineered components and systems Inteva Products opened Tuesday its second manufacturing plant in Romania, in Oradea, where it plans to hire more than 100 employee...
Proinvest To Invest EUR10M In Recently Acquired Factory In Pascani
Steel processor Proinvest Group bought, at the beginning of April, a factory in Pascani producing tools and accessories for machine-tools, through a transaction worth EUR1 million (VAT inclu...
Dacia Grows Three Times Faster In Romania Than Abroad
Dacia’s sales rose 12% worldwide on the year in the first quarter of 2015, while in Romania they went up 33%, even though the brand has not launched any new models since the second half of 2...
Guarantee Fund Grants First Guarantees For Subsidized Car Loan Program
Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) granted the first four guarantees for "First Car" lending program at the end of March, with an average value...
Stabilus Romania Expects 50% Growth in 2015
Gas-filled shock absorber manufacturer Stabilus Romania, the local subsidiary of the German Stabilus group, expects revenue to reach about 466 million lei (EUR106 million) in 2015, an increa...
Dacia Registrations In UK Up 10.4% In 1Q
Romanian carmaker Dacia’s new car registrations in Great Britain rose 10.4% in the first quarter of 2015, to 7,529 units, higher than the new car market, which rose 6.8%, to 734,588 units, a...