Automotive
Insolvent Romstrade Sues Romanian State Over Annulled Contracts
Romstrade, the building company controlled by businessman Nelu Iordache which entered insolvency proceedings more than a year ago, has sued Romania’s road authority CNADNR and Bucharest City...
Daimler Inaugurates Dual-Clutch Transmission Plant For Mercedes-Benz In C Romania
Star Transmission, the Romanian subsidiary of German group Daimler, Thursday inaugurated a production unit for dual-clutch transmissions for Mercedes-Benz cars, in Sebes, central Romania.
BASF Relies On Automotive And Agriculture Sectors For Growth In Romania
The main problems BASF identified in Romania last year were the low amount of cash available and the increasingly low number of new projects, says Luminita Teodorescu, the executive who runs...
CNADNR To Resume Bid For Brasov Beltway First Segment
Romania’s road authority CNADNR will resume the bid for the first segment of Brasov beltway, central Romania, 7.29 kilometers long, with an estimated value between RON109.5 million (EUR24.4...
Romanians Bought Over 13,000 New Cars In 2013 Clunkers Program
Romanians bought over 13,000 new cars in 2013 via the government-backed clunkers program offering 23,000 vouchers worth RON6,500 each to people and companies scrapping cars older than ten ye...
Ford Close To EUR2B Revenue From Craiova Plant In 2013
Ford Romania ended 2013, its first full year of car and engine production, with almost 70,000 B-Max vehicles assembled and 250,000 engines made, sources close to the plant in Craiova said.
Highway Plan For 2014: Works Start For 400 Km, Just 60 Km Set For Delivery
The Romanian company in charge of roads and highways (CNADNR) plans to start in 2014 the building works for almost 400 km of new highways, with costs estimated at some EUR5.8 billion, accord...
Honeywell Sells Business Unit Including Romanian Factory To Federal-Mogul For $155M
Honeywell is selling its Friction Materials business unit to U.S. Group Federal-Mogul for $155 million, a deal that includes a brake pad factory Honeywell opened last year in Ploiesti, Roman...
Trelleborg Automotive Gets EUR5.4M State Aid To Expand Car Part Plant In Dej
Car part producer Trelleborg Automotive has received state aid of EUR5.4 million to expand its plant in Dej (in northwestern county of Cluj).