Dacic announces boost in Fiat car export

Serbian Prime Minister Ivica Dacic announced Monday that production and export of cars made by Kragujevacbased Fiat will increase to a few dozen thousands by the end of the year. Dacic said at a joint press conference after a ... More

Fiat 500L production to be launched next month

The Fiat Group is in the important phase of development, investments and growth, which hit the peak in this region, as next month its Kragujevac-based factory is to launch the production of the brand new model Fiat 500L dedicated ... More

Andrea Confezioni plant completed by end of July

The plant for the production of car and motorcycle covers, which is being built in the industrial zone in Jagodina by the Italian company Andrea Confezioni, will be completed in late July as planned, Snezana Vukasinovic, deputy ... More

Renault to launch Mark 2 of Romania’s Dacia Logan model

The currently produced Dacia Logans will be updated with a new generation of vehicles, known as “project X52”, according to Ziarul Financiar. Carmaker Renault, the owner of Romania’s producer Dacia, launched the ... More

SIEPA in Moscow and Francfort on car industry road show

The Serbian Investment and Export Promotion Agency (SIEPA) has invited local companies to apply for participation in trade fairs of car equipment and car parts to be held in Moscow and Frankfurt. To promote the national ... More

FIAT 500L makes world premiere in Geneva

Fiat car manufacturer presented on Thursday the first official photos of 500L model which will make its premiere at the International Motor Show in Geneva on March 6.The new model will start selling on the European market in the ... More

UK Fund Set to Open Electric Car Plant in Bulgaria by 2011

In February and then again September, it was announced that UK investment fund Quorus Ventures will open Bulgaria's first factory for electric cars. The precise sum of the investment has not been specified but it is expected to ... More

AutoItalia proposes to sell 100 Arbath cars

Importer AutoItalia has proposed to sell 100 Arbath cars in the first year since setting business in Romania, the manager of the company’s dealing network, Cristi Milea, said yesterday, on the opening of the first showroom ... More

FAS exported 220 vehicles to Egypt and Morocco

The company Fiat Automobiles Serbia from Kragujevac has exported the first contingency of 220 Punto Classic cars to Egypt and Morocco, it has been communicated from that factory. It is underlined that underway are the ... More

AutoItalia hopes to sell 60 Infiniti cars in 2010

AutoItalia hopes to sell a total of 60 Infiniti vehicles this year compared to 22 last year after the opening of the brand’s first showroom yesterday. The showroom, standing on 585 sq m in the Piata Presei Libere area, ... More

Daimler scraps dividend after EUR 2.6bn loss

Daimler shocked markets on Thursday by posting a worse-than-expected net loss for 2009 and axing its dividend, as the German premium carmaker vowed to return to growth and profit this year. The Stuttgart-based car and truck maker ... More

Renault and Dacia to sell 500,000 low-cost cars this year despite the crisis

Renault and Dacia will sell 500,000 low-cost cars this year, a level similar to the one registered last year, despite the financial crisis and the recession that ‘wreaked havoc’ for the low-cost car segment on some ... More

Dacia reports double sales in France in November

The sales of Dacia vehicles in France almost doubled in November, to 90.4 percent, representing 3.4 percent of the local automotive market, Agerpres informs. During the same month, Renault sales registered 40 percent growth as ... More

Dacia resumes production after one month of interruption

Dacia plant, the whole industrial platform from Mioveni and the factories of auto part suppliers resume activities on Monday, after having undergoing technical revision in August, according to Mediafax. Based on Dacia union ... More

VIATOR & VECTOR to invest in Kragujevac

Representatives of Maribor vehicles factory visited Kragujevac to estimate the city's investment possibilities, Director of Serbian Investment and Export Promotion Agency Vesna Peric said, reports BETA news agency. She told the ... More

TVM to build bus factory in Kragujevac

Serbian Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic stated on Wednesday that the Maribor-based vehicle factory Tvornica Vozila u Mariboru (TVM) is interested in building a brand new ... More

Renault Trucks and Karsan to manufacture trucks in Turkey

Haber Turk - Renault Trucks and Turkey's contract manufacturer in the field of commercial vehicles and trucks opened their joint production line in Turkey on Saturday. Renault Trucks and Karsan, a Koc Holding company, invested ... More

Honda to cut down production in Turkey

Japanese carmaker Honda announced it will reduce its output in Turkey due to slumping demand in global markets, Anatolia news agency reported. Honda Turkey will move to a single shift from two shifts as of 1 April to cope with ... More

Bulgaria car market hit by credit crunch

Bulgaria’s automobile market expanded for a fifth successive year but prospects are bleak, revealed data by the importers’ association. The local car dealers sold 57,927 new cars, trucks, buses and motorcycles ... More

Renault needs EUR 9 billion in funding

France’s second greatest car manufacturer, Renault, demanded additional funding from behalf of the French state and estimated it would need EUR 9 billion (USD 12 billion) more in order to run normally, Patrick Blain, Sales ... More