GM eyes Bulgarian partners

A General Motors delegation headed by Eric Alstrom GM Europe Vice President is looking for partners in Bulgaria. A total of 22 Bulgarian companies working in different branches participated in the Day of the supplier of ... More

Greek car market 10% down in 2006

The Greek car market is expected to shrink by 7-10% this year due to the reduced purchasing power of Greek households and accumulated borrowing in the country. The warning came from car market officials. Speaking in Thessaloniki, ... More

Fluid Slovenia bought company Utva Vozila Pančevo

Company Utva - vozila from Pančevo was sold at the starting price of 98.6 million CSD to company Fluid from Slovenia. Fluid produces cisterns for transportation of dangerous matters and the intention of new owners is to ... More

The Ukrainians bought Railroad Car Factory Kraljevo

Industrial Association of Dombas ISD from Ukraine will buy 70% of stocks of Railroad Car Factory Kraljevo, ( as the only bidder, whereas 15% of stocks will be distributed among workers and pensioners for free. The ... More

Crosslander USA Sues Romanian State

Cross Lander USA will sue the Romanian state based on certain clauses in the Romania-USA bilateral treaty regarding the mutual protection of funds. The owner of Aro Campulung, who decided to change the name in Global Vehicles USA ... More

33 bidders for Balkancar

The sell-off procedure for a 69.33% stake in powered trucks manufacturer Balkancar Sredets announced by the Privatisation Agency attracted no less than 33 potential bidders. However, the agency found only 6 applicants ... More

Automobile Bavaria To Move In EUR 7 Million Headquarters

Automobile Bavaria will move their headquarters to Baneasa this summer. The company invested EUR 7 million for this project. The center, which has a total surface of 12,000 sqm, will have 10,000 sqm built surface with offices, a ... More

Managers succeed with Iskra buyout

Managers of the Iskra conglomerate have succeeded in their bid to gain a majority stake in the company. Maos, the company set up by around 50 Iskra managers, managed to acquire 88.6% of Iskra with its bid, and another 4.9% ... More

German, Slovenian bus makers join forces on new coach

Maribor-based bus maker Tovarna vozil Maribor (TVM) has signed a deal with German bus giant Neoplan Bus on cooperation in the making of a new high-tech luxury coach. With the deal, signed by the directors of the two companies ... More

The most modern "Peugeot center" - blue box opened in Belgrade

"Verano motors" has opened one of the biggest Peugeot centers in Europe - the popular "blue box" in Vojvode Stepe street. In the most modern center of 11.000 m2 of space is offered complete service of sale, servicing, car ... More

IPSO plans eur 100 million sales in 2006

Dacia, Renault and Nissan dealer IPSO estimates more than eur 100 million in sales for next year, reported to the eur 83 million in 2005. It is also estimated that the number of sold card will increase from 7,000 units in 2005 to ... More

Farmakom MB bids to take over between 51% and 75% of Sombor

Sabac-based Farmakom MB has placed a bid to take over between 51% and 75% of car battery manufacturer Fabrika Akumulatora Sombor (FAS) at CSD 13,200 per share. The Sombor factory, which has a total of 100,842 shares, each ... More

Bulgaria sales up 25% in Jan-Feb for new vehicles

Domestic dealers of new automobiles, trucks, buses and motorcycles expanded by a quarter in January and February as compared to the like period a year ago, shows data of the Union of the Importers of Automobiles in Bulgaria ... More

Mahindra&Mahindra can monitor Tractorul operations

The State Asset Resolution Authority (AVAS) and Indian company Mahindra & Mahindra, which is interested in taking over Tractorul Brasov, closed the observer¢s contract allowing the potential buyer to monitor the activity of the ... More

Renault, Zastava Kamioni negotiate joint production

French carmaker Renault and Kragujevac-based truck maker Zastava Kamioni are in talks to launch joint production of off-road vehicles, trucks, and busses. Renault established its presence in the Balkans in 1999, when it ... More

Autocommerce Tops Plans in 2005

The Autocommerce group finished 2005 with a net profit of SIT 788m (EUR 3.29m), a significant rise over the year before, when it stood at around SIT 240m (EUR 1m), according to unaudited and unconsolidated results which the group ... More

EUR 57 Million Net Profit For Dacia In 2005

Automobila Dacia had a net profit of EUR 57 million last year, thanks to the EUR 1.2 billion in sales, double compared to 2004, with 164,406 sold units, the company's general manger Francois Fourmont said in a press conference. ... More

Delta opens EUR 4.5 million retail center for Honda cars

Belgrade’s Delta opened a new retail and service center of Japanese carmaker Honda in New Belgrade under a EUR 4.5 million investment. Honda’s Sales Director for Europe David Strangeway said that the company has ... More

EUR 94 Million In Turnover For Rombat In 2005

Car batteries producer Rombat saw nearly EUR 94 million in turnover for last year, a 10.3 percent increase compared to 2004 and more than 60 percent in market share. The increase is mainly due to car producer Dacia. Rombat is a ... More

CHEVROLET targets Turkey in European growth drive

US General Motors is planning a growth drive throughout Europe, with Chevrolet choosing Turkey as a strategic country and a "very important and key market" to accomplish the move. Chevrolet Europe Chairman Wayne Brannon said this ... More