Automotive
Porsche Engineering Opens Second Romanian Office in Timisoara
Porsche's local engineering division will be opening a second office in Romania, in Timisoara, after the one established in 2016 in Cluj-Napoca.
Germany's Dräxlmaier To Build Electric Vehicle Battery Factory In Timisoara In EUR200M Investment
German-held automotive component manufacturer Dräxlmaier will be investing EUR200 million at its factory in Timisoara (western Romania), over the next six years, to produce batteries for ele...
Continental Closes ContiTech Factory in Arad, Relocates Production
German automotive group Continental will be shutting down its ContiTech factory in Nadab, Arad county in western Romania, and will relocate production to Carei, Satu Mare in northern Romania...
Freight Carrier International Alexander Sees Revenue Up 7% to RON432M in 2020
Arad-based freight carrier International Alexander posted RON432 million revenue in 2020, 7% more than the RON402 million of 2019, Finance Ministry data show.
Bombardier Service Center in Romania Posts RON85.7M Turnover in 2020, Down 6.5%
Bombardier Transportation Shared Services Romania, the local subsidiary of Canadian giant Bombardier acquired this year by France's Alstom, reported a turnover of RON85.7 million for 2020, d...
Car Battery Maker Rombat Bistrita Profit Up 31% in 2020
Car battery manufacturer Rombat Bistrita posted RON395.2 million (EUR82 million) revenue in 2020, down about 1% compared with 2019, ZF has calculated from Finance Ministry data.
Mihai Bordeanu Elected President Of Association Of Automotive Manufacturers In Romania
Mihai Bordeanu, general manager of carmaker Automobile Dacia, was elected president of the association of automotive manufacturers in Romania (ACAROM).
ACAROM: Romania New Car Registrations Drop 9% YoY In January-May 2021
New car registrations in Romania decreased by 9% on the year, to 35,845 units, in January-May 2021, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday...
Ford Romania Sees 17% Rise in Revenue to EUR2.55B in 2020
Ford Romania’s revenue went up 17% to EUR2.55 billion year-on-year in 2020, Finance Ministry data show. The growth came in a difficult year for the European auto market, which shrank by more...