Automotive
EC Approves EUR875M Investment for Romania's Sibiu-Pitesti Motorway
The European Commission has approved an investment from the Cohesion Fund worth EUR875.5 million to build the first stage of the Sibiu-Pitesti motorway. This will be the first motorway cross...
Dacia and Ford Step Up Production of Cars and Engines
Dacia plant will return to a six-day work week for the first time in 2020, in order to increase production and ensure the new safety measures and Ford Romania will return to working in three...
New Car Registrations in Romania Drop 52% on Year in August
New car registrations in Romania declined 52.6% in August compared with August 2019, to 12,900 vehicles, the Automotive Manufacturers and Importers Association (APIA) said Tuesday.
Electric and Plug-In Hybrid Car Sales Rise in January-July
Green cars, i.e. electric and plug-in hybrid vehicles, are still seeing a rise in sales, despite the decline of the auto market due to the pandemic.
Eckerle Automotive Sees Over RON230M Revenue in 2019
Automotive component supplier Eckerle Automotive, the local subsidiary of Germany’s Eckerle group, posted 230.7 million lei (EUR48.7 million) revenue in 2019, almost flat on 2018, when its r...
Compa Sibiu Posts RON4M Loss in 1H Under Pandemic Impact
Car parts manufacturer Compa Sibiu (CMP.RO) on Friday reported a turnover of RON235.5 million in the first half of 2020, down 40% on the year, and recorded a net loss of RON4 million.
ATP Trucks Automobile Posts Over EUR2.8M Sales In First Year Since Launch Of Truston Trucks Locally
ATP Trucks Automobile, a manufacturer of road freight vehicles, part of ATP Group, controlled by entrepreneur Mircea Cirt from Baia Mare, registered sales of over EUR2.8 million during the f...
Fujikura Automotive Romania Revenue Down 20.6% to RON241.2M in 2019
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of the Japanese Fujikura group, posted 241.2 million lei (EUR50.9 milion) revenue in 2019, 20.6% lower than i...
PwC Autofacts: Auto Sales To Drop 24% in Romania in 2020, Seen Rebounding Fast
Romania could see the biggest drop in new auto sales in Central Europe this year, of 24.3%, but the market is seen rebounding quickly to reach pre-crisis levels by 2023, according to the PwC...