Automotive
ACAROM: New Car Registrations In Romania Plunge 45% YoY To 7,155 Units In May 2020
New car registrations in Romania plunged by 45% on the year to 7,155 units in May 2020, and by 31% to a total 39,455 units in the first five months of 2020, data from the association of auto...
Automotive Safety Systems Manufacturer Autoliv Romania Revenue Down 2.5% to RON3.9B in 2019
Automotive safety systems manufacturer Autoliv Romania, the local subsidiary of the Swedish group Autoliv, ended 2019 with some RON3.9 billion (EUR822.6 million) revenue, 2.5% lower than in...
Preh Romania Turnover Up 20% In 2019, To Over RON1.2B
Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, ended 2019 with a turnover of over RON1.26 billion (EUR267 million), up 20% on the year, per ca...
Dacia Puts 1,100 Employees Back on Furlough
Romanian carmaker Dacia, owned by France's Renault, has placed 1,100 employees back on furlough for the entire month of June citing lack of orders.
Continental To Expand Timisoara R&D Center in EUR33M Investment
Continental Group, the biggest car parts manufacturer in Romania, said Tuesday it was starting works to expand its research and development center in Timisoara, western Romania, in an invest...
Compa Sibiu Extends Activity Halt Until End-June
Car parts manufacturer Compa Sibiu (CMP.RO) said Tuesday it was extending its temporary halt of activity until the end of June along with the suspension of labor contracts for part of its em...
Swedish Rosti Group Leases 11,300 Sqm Industrial Space for New Facility Near Ploiesti
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased 11,300 square meters of industrial spaces in Paulesti, near Ploiesti, for a new production facility for auto industry p...
PM Orban Says Renault Romania Won’t Scale Down Its Business Activity Or Lay Off Staff Locally
Romania's Prime Minister Ludovic Orban on Friday said the talks he had with representatives of Dacia-Renault Group did not yield any conclusion regarding a possible scaledown of the company’...
Renault To Cut 14,600 Jobs; Halt Projects In Romania, Morocco As Part Of Cost-Saving Plan
French carmaker Renault has unveiled plans to reduce its fixed costs by over EUR2 billion during a tree-year period, which target, among others, to suspend projects in Romania and Morocco, a...