AUTO
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Rising Orders Lift Schaeffler Romania Sales To RON1.45B
German manufacturer Schaeffler Romania, which owns a ball bearing plant in Brasov, last year posted turnover of around 1.45 billion lei (EUR330 million), 12% higher than in 2010.
EU Auto Market Declined 1.7% In 2011, Romania And Dacia Post Steeper Decline
New car registrations in the European Union were down 1.7% last year, to 13.1 million cars, while the Romanian market declined a sharp 13.6%, to 81,719 cars, and Romanian carmaker Dacia post...
Tiriac Jr: We’re Strongly Committed To Agriculture Investment And Seek At Least 2,000 Ha More
Ion Alexandru Tiriac, son of Romanian billionaire Ion Tiriac, says he wants to expand the activity of Tiriac Holdings to new sectors which are recording significant increases, such as the ag...
Top Ten Automotive Industry Events Of 2011
The local automotive industry kept the spotlight on the two carmakers operating in Romania, Dacia-Renault and Ford this year.
Romanian Carmaker Dacia Loses EU Market Share In Jan-Oct, Picks Up In Oct – ACEA
New registrations of Romanian carmaker Dacia in the European Union declined 5.7% in January-October, to 202,466 units, and its market share dropped to 1.8%, but picked up again in October, t...
Utility Vehicle Sales Buck Market Trend And Continue To Rise
The market of utility vehicles and coaches continued to go up in September, according to the statistics of the companies on this market, thus ending the third consecutive quarter of growth.
Automotive Market Inches Up In Third Quarter
Car sales posted a small increase in the third quarter for the first time in three years, but the European economic situation is far from encouraging Romanian dealers. Whereas few months ago...
Finance Ministry Approves EUR10.5M In Aid For Cord Romania, ContiTech Fluid Automotive
Romania's Finance Ministry this week approved providing state aid in the amount of EUR10.5 million for investments carried out by Cord Romania and ContiTech Fluid Automotive.
New Car Sales Up 10% In August
The car market continues to grow in the second half of the year, but companies no longer expect a “last minute” recovery of sales, not even supported by the car scrap scheme.