Automotive
Preh Romania Expects 13% Rise in Revenue to EUR257M in 2021
Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 millio...
Globalworth Creates New Industrial Hub Around Dacia’s Oarja Warehouse
Globalworth, the owner of Dacia’s biggest warehouse in the world, plans to expand the industrial site that contains it. Automobile Dacia, the largest company in Romania by revenue, will repl...
Tesla Opens Its First Office In Capital Bucharest
U.S. automaker Tesla on Thursday (Feb 4, 2021) opened its first office in capital city Bucharest, within a business center on Calea Serban Voda Roadway.
Passenger Vehicle Registrations In Romania Drop 2.5% YoY In 4Q/2020
Registrations of road vehicles for passenger transport in Romania dropped 2.5% and registrations of freight transport vehicles grew 11.1% on the year in the fourth quarter of 2020, data from...
Transporter IAH Acquires Vio Transgrup
Cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, received antitrust clearance Tuesday to acquire Vio Transgrup based in Dambovi...
Automobile Dacia Extends Lease In Pitesti Industrial Park By Ten Years
Romania’s largest automaker, Automobile Dacia, has extended its lease of the 69,000 square meters warehouse in Pitesti Industrial Park by ten more years.
New Vehicle Registrations in Romania Down 46.8% in January
New vehicle registrations in Romania, including passenger cars and commercial vehicles, stood at 7,625 units in January, down 46.8% compared with January 2020, the Automotive Manufacturers a...
Cecilia Tudor Appointed Managing Director for Renault Brand SEE
Starting February 1, Cecilia Tudor becomes managing director for the Renault Brand for South Eastern Europe, following the organization of Groupe Renault around its brands, grouped in four b...
Romania Ranks 15th In The EU As New Car Registrations Drop Nearly 22% In 2020
New car registrations in Romania fell by 21.8% in 2020, to a total 126,351 units, placing the country 15th in the European Union, data from the European Automobile Manufacturers Association...