Automotive
Autonom Services Profit Shrinks 31% To RON12.2M In H1
Autonom Services, the largest mobility network in Romania, held by brothers Marius and Dan Stefan, posted RON12.3 million net profit in January-June 2023, 31% below the same period last year...
Romania Ranks 14th In The EU With 87.275 New Car Registrations YoY In January-July 2023
New car registrations in Romania grew by 23.3% year-over-year to 87.275 units in January-July 2023, placing the country 14th in the European Union (EU), data from the European Automobile Man...
Altur Slatina Posts RON75M Revenue And RON7.8M Net Profit in H1
Automotive component maker Altur Slatina (ALT.RO) posted RON75.3 million revenue in the first half, slightly up on the RON73.4 million in the year-ago period, while profit increased to RON7....
Mercedes-Benz Puts Natalie Thompson In Charge Of Romanian Operations
Natalie Thompson (32), currently Head of Marketing and Communications at MBGD in Dubai, will take over as CEO of Mercedes-Benz Romania from the fourth quarter of 2023.
Tiriac Auto Invests Around EUR600,000 To Expand Its Used Car Showroom Network, With Two New Units In 2023
Tiriac Auto, the automotive retail division of Tiriac Holding, is investing roughly EUR600,000 in expanding its network of used car showrooms.
Battery Maker Rombat Bistrita Overshoots RON500M Revenue Mark In 2022
Bistrita-based car battery manufacturer Rombat, controlled by the South African group Metair, posted about RON504.5 million (EUR102.3 million) revenue in 2022, up 3% from the RON488.6 millio...
Automotive Parts Manufacturer Oechsler Romania Ends 2022 With Over EUR30M Turnover
Automotive plastic parts and subassembly manufacturer Oechsler Romania, the local subsidiary of Germany’s Oechsler group, ended 2022 with a turnover of RON149.9 million (EUR30.4 million), do...
INS: New Passenger Vehicle Registrations Down 2.8% YoY In Q2/2023
New registrations of road vehicles for passenger transport in Romania decreased by 2.8% in the second quarter of 2023 compared to the second quarter of 2022, data from the country’s statisti...
Romanian Startup YLOAD Partners Up With Swiss Fracht Group
Romanian startup YLOAD, which developed an artificial intelligence (AI)-based platform for the digitalization of transport operations, has entered into a joint venture partnership with Swiss...