Automotive
U.S. Car System Supplier TRW Automotive To Open New Plant In Romania
U.S. car equipment producer TRW Automotive will open a plant in Bihor county, northwestern Romania, to produce leather steering wheel covers, company representatives told MEDIAFAX Wednesday.
Romanian Carmaker Dacia Loses EU Market Share In Jan-Oct, Picks Up In Oct – ACEA
New registrations of Romanian carmaker Dacia in the European Union declined 5.7% in January-October, to 202,466 units, and its market share dropped to 1.8%, but picked up again in October, t...
Mercedes Expects 60% Higher Turnover At Cugir And Sebes Gearbox Plants
Car components manufacturer Star Transmission Cugir (STC), 78% held by German group Daimler AG, expects a turnover of around EUR32 million this year, up 60% against 2010, which will come in...
UCM Resita 9-Month Loss Narrows 18% To RON55M
Romanian engine manufacturer UCM Resita (UCM.RO) Tuesday said its net loss narrowed 18% to 54.9 million lei (EUR13 million) in the first nine months, from RON67 million in the year-earlier p...
Boagiu: Nadlac-Sibiu Highway Section To Be Open For Traffic In Spring 2013
Romania’s Transport Minister Anca Boagiu said Tuesday the highway section linking Nadlac (W) to Sibiu (C) will be open for traffic in the spring of 2013 at the latest.
EC Approves Funds For 27 Km Segment Of Lugoj-Deva Highway
The European Commission has approved non-refundable financing for the construction of the 27.4 km-long Lugoj-Dumbrava segment of Romania's Lugoj-Deva highway, through a EUR205.9 million proj...
CNADNR Awards RON38.5M Contract For Carei Beltway Construction
Romanian roads authority CNADNR awarded a contract worth 38.48 million lei (about EUR8.85 million), without VAT, to consortium Grupo Empresarial Magenta-Assignia Infraestructuras-Transmir (S...
Most Expensive Car Sold In 2011: A EUR400,000 Rolls Royce Registered In October
Automobile Bavaria Group, a company controlled by businessman Michael Schmidt, the man who brought BMW to Romania, delivered the first new Rolls Royce this year in September, a car that was...
VAT For Car Purchases, Fuel Expenses Will Be Tax Deductible Up To 50%
Romanian companies will again be able starting next year, after a three-year ban, to deduct fuel expenses for vehicles with nine or fewer seats, destined exclusively for passenger transport,...