Automotive
Statistics Board: New Passenger Vehicle Registrations Down 3.8% YoY In Q3/2023
New registrations of road vehicles for passenger transport in Romania decreased by 3.8% in the third quarter of 2023 compared to the third quarter of 2022, data from the country’s statistics...
PwC: Efficient EV Battery Recycling In The EU Will Require Billions Of Euros By 2035
The electric vehicle (EV) battery recycling sector in the European Union (EU) will require EUR9 billion investment to expand capacity by 2035 to keep pace with increased production, accordin...
Ford Otosan Starts Production Of New Courier Model At Craiova Plant
Ford Otosan has officially started the production of Courier models at its plant in Craiova on Tuesday (October 24), being the first new models produced since the plant was taken over in sum...
New Car Registrations In Romania Up 16.2% To 110,711 Units In Jan-Sep 2023
Romania remains 14th in the European Union in terms of new car registrations in January-September, 110,711 units, an increase of 16.2% on the year-ago period, 11,759 of which full electric a...
US-Held Trico Wipers Ploiesti Expands Warehouse Space By 12,000 Sqm
US-held windshield wiper manufacturer Trico is expanding its logistics space in Romania by almost 12,000 square meters in Prahova County, where it already owns a warehouse. The owner of the...
Astra Vagoane Calatori Wins RON79M Streetcar Contract With Oradea City Hall
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, has won a contract worth RON79 million (some EUR16 million), VAT not include...
Automotive Wiring Maker Kromberg & Schubert Posts Over EUR35M Revenue In 2022
Kromberg & Schubert Romania NA, a manufacturer of wiring for the automotive industry and electrical systems and the local subsidiary of Germany’s Kromberg & Schubert Group, posted RON176.2 m...
Instant.Ro Raises EUR300,000 In First Funding Round
Instant.ro, the first AI-based platform in Romania that mediates second-hand car sales, has closed its first funding round, raising EUR300,000 from several investors.
ACAROM: Romania’s Car Production Down 1.8% In January-September 2023 vs Year-Earlier Period
The passenger car output of the two automotive plants of Romania, Dacia and Ford, dropped by 1.8% year-on-year to 375,860 units in the January-September 2023 period, in line with data provid...