Automotive
Yango Halts Romanian Operations in One Month
Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market.
Schaeffer Romania Posts 8% Growth in Revenue in H1
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, ended the first half with growth of 8% in revenue on the year-ago period. Schaeffler Romania expects 10% decline in th...
Car Sales Decline in Romania Over Covid Crisis, Electric Car Sales Rising
Car sales on the Romanian market dropped 32.3% on the year in the fist nine months of 2020, under the impact of the Covid-19 pandemic, data from the Automotive Manufacturers and Importers As...
Renault Moves Third Generation Dacia Sandero Production to Morocco
Groupe Renault has decided that third generation Dacia Sandero will be produced exclusively in Morocco, while the Dacia plant in Mioveni will be producing models with higher added value and...
Continental Timisoara To Provide Technology Solutions For Hamburg, Koper Ports
Continental Timisoara, the Romanian unit of German automotive parts supplier Continental, on Thursday said it will provide professional technological solutions for the ports of Hamburg in Ge...
Antitrust Body Clears Opel Automotive Takeover by Trust Motors
Romania's antitrust body has cleared a deal whereby auto importer Trust Motors SRL plans to take over Opel Automotive SRL.
Belgium’s Interparking Group Buys One More Parking Lot in Bucharest
Belgium’s Interparking group has bought the parking lot in the Bucur Obor store area in Bucharest for EUR5 million from Parcaj Subteran Bucur Obor SRL, a company held by Ionel Adrian Petrach...
Lack of Infrastructure Between Craiova and Pitesti Impacts Ford Production
Ford Romania plans to buy as many components as it can locally, but to efficiently do that it needs a faster connection to Arges County, where many subassembly manufacturers operate around D...
Ford Romania Starts Assembly of Puma ST in October
Carmaker Ford Romania starts producing the Puma ST, the first SUV Ford Performance in the carmaker's range and the first sports car ever produced in Romania.