Automotive
IAR Brasov Seeks To Pay RON18.3M Dividends At 9.7% Yield
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) has summoned its shareholders on April 29 to approve the distribution of dividends in the amount of RON18.3 mi...
Michelin Romania Halts Production At Its Victoria Factory In Floresti Amid Coronavirus Epidemic
Michelin Romania, part of French tire manufacturer Michelin Group, said it will halt tire production at its Victoria factory in Floresti (Prahova County) in the coming period.
Dräxlmaier Halts Activity At Its Romanian Plants In Satu Mare, Pitesti, Timisoara, Hunedoara, Brasov
German-held automotive component manufacturer Dräxlmaier, which has some 15,000 employees in Romania, has decided to suspend, to a large extent, the activity of its Romanian manufacturing fa...
Leoni Shuts Down Some of Its Factories, Including One in Romania
German Leoni Group, which manufactures equipment for the auto industry, announced Monday it was closing some of its plants in Europe, North Africa and the Americas, and introducing short-tim...
Daimler Halts Production Of Transmissions At Its Sebes Plant Amid Coronavirus Outbreak
Daimler said it halted the production of transmission at its Romanian manufacturing plant in Sebes, in the context in which Mercedes-Benz has also halted its car production, against the back...
Aerostar Bacau Seeks To Pay Out Dividends At 4% Yield From 2019 Net Profit
Romanian aircraft construction and repair firm Aerostar Bacau (ARS.RO) on Wednesday said it summoned its shareholders on April 21 to approve the distribution of the net profit for 2019, name...
Romanian Auto Market Drops 20.2% YoY In January-February 2020
Romania’s auto market saw a decline in February 2020, for the second time this year, dropping at an accelerated rate of 26.9% compared with February 2019, data from the vehicle registration...
Pirelli Factory In Slatina Halts Production Due To Coronavirus Outbreak
The factory in Slatina of tire manufacturer Pirelli will be halting production, between March 23 and 31, 2020, in the context of recent concerns about the spread of the Covid-19 spread, and...
Automobile Dacia Halts Production Amid Coronavirus Outbreak
Carmaker Automobile Dacia, the largest company in Romania, will be halting production at its carmaking factory in Mioveni (located in the central-southern part of Romania), starting Thursday...