Automotive
TRW Automotive Safety Systems’ Net Profit Doubles YoY To Over RON55M In 2021
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, on Tuesday reported a net profit of RON55.3 million (EUR11.3 million) in 2021, double from RON26.3 million (EUR...
Luxembourg’s Skiptrans Reports RON329M Turnover In Romania In 2021
Skiptrans, part of Jost Group, an international carrier located in Luxembourg and Belgium, had a turnover of RON329.2 million (almost EUR67 million) in 2021 in Romania, down 2.5% from RON337...
Huf Romania 2021 Turnover Up 70.4% YoY To Neary RON330.3M
Huf Romania, a producer of car access and authorization systems, part of Germany’s Huf Group, on Tuesday reported a turnover of approximately RON330.3 million (EUR67 million) for 2021, up 70...
Automotive Component Maker Compa Sibiu Net Profit Shrinks to RON4.7M in H1
Automotive components manufacturer Compa Sibiu (CMP.RO) ended the first half of 2022 with a net profit of RON4.7 million, down 73.3% compared with the year-ago period.
Four of Top Ten Automotive Companies in Romania Plan RON1.7B Investments
Star Assembly, Pirelli Tyers Romania, Continental Automotive Systems and Dacia Automobile, four of the ten largest players in the automotive sector in the country, are planning investments o...
Lucian Margineanu Appointed Director Of Continental Automotive In Timisoara
Germany's Continental group, one of the world's largest suppliers of electronic components and the largest car parts producer on the Romanian market, has appointed Lucian Margineanu to the p...
Uber Launches Operations In Romanian City Of Baia Mare
Ride-sharing company Uber, which offers smartphone users an alternative transport method via a mobile application, has launched its operations in the city of Baia Mare, which becomes the 20t...
Daimler Group Seeks State Aid for RON675M Investment in Romania
Germany’s Daimler Group, which owns the Star Assembly company in Sebes and is the third largest exporter in Romania, is seeking RON185 million state aid for a total investment of RO675 milli...
New Passenger Car Registrations in Romania Down 21.9% in July 2022 Vs July 2021
New passenger car registrations in Romania in July 2022 declined by 21.9% from July 2021, to 12,099, according to the association of car manufacturers in Romania (ACAROM) and Romania’s Gener...