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Automotive

Germany's Continental, Draexlmaier Want To Invest Almost EUR170M In Romania

German car part producers Continental and Draexlmaier want to expand their Romanian operations, through short- and medium-term investments in production, with a combined value of almost EUR1...

Radu Bostan · 23.09.2011 · 14:43 · 1 min
Banks-Insurance

Insurers Pay Hundreds Of Thousands Of Euros To Victims Of Road Accidents

Hundreds of thousands of euros in claims settled for car accidents tend to become the norm, as Romanians become aware that a simple RCA policy (auto liability insurance) does not cover only...

Ciprian Botea · 15.09.2011 · 00:00 · 2 min
Insurers Vie For 750,000 Clients Who Signed Six-Month Auto Liability Policies In Winter
Banks-Insurance

Insurers Vie For 750,000 Clients Who Signed Six-Month Auto Liability Policies In Winter

Around 750,000 car owners are preparing to renew next month the auto liability insurance policies (RCA) they signed for a six-month period during the winter campaign, so that many insurers a...

Ciprian Botea · 28.06.2011 · 00:00 · 1 min
Automotive

Schneider Electric Sees 1 Mln Electric Cars In Romania By 2026

The number of cars on Romanian roads will double over the next 10-15 years and one million cars will be electric, says an estimate by Schneider Electric Romania, which is interested in takin...

Radu Bostan · 14.06.2011 · 14:36 · 1 min
EUR25M Deal Between Billionaires: Tiriac Sells 500 Mercedes-Benz Vans To Patriciu
Automotive

EUR25M Deal Between Billionaires: Tiriac Sells 500 Mercedes-Benz Vans To Patriciu

Casa Auto Bucuresti, a Mercedes-Benz dealer part of TiriacAuto's network, is set to deliver a fleet of 500 Mercedes-Benz Sprinter vans to Mercadia, the retail company owned by Dinu Patriciu...

Bogdan Alecu · 31.05.2011 · 23:59 · 1 min
ACEA: Romanian New Car Registrations Fell 17% In Jan-Apr
Automotive

ACEA: Romanian New Car Registrations Fell 17% In Jan-Apr

The Romanian auto market decreased by 17% in the first four months of the year compared to the same interval in 2010, while the EU car market dropped 2.7%, according to data released Tuesday...

Ioana Tudor · 17.05.2011 · 12:13 · 1 min