British Wagon PLC in Romania goes Bankrupt

British car components producer Wagon PLC entered a special administration status, after discussions with the main shareholders on a refinancing measure failed, a press release of the company informed. The British company also ... More

Craiova project in danger due to Ford’s possible bankruptcy

Last week, PM Calin Popescu Tariceanu said that he could not tell what would be the outcomes of Ford project in Craiova in case the mother – company based in USA goes bankrupt, Realitatea TV informs. At the question: ... More

Ford resumes production in Kocaelli plant

Ford Otosan Automotive Industries, a joint venture between Ford Motors and Koc Holding, resumed production at its plant, in the city of Kocaeli, Zaman daily reports. Ford Otosan had suspended manufacturing at the plant on ... More

600 Dacia employees might lose their jobs

At the beginning of December, Dacia will decide whether it will prolong the contracts on a determined period for 600 employees or not. According to the Head of the Press Relations Department, Silviu Sepciu, their contracts will ... More

The first U650 tractor manufactured at ‘Roman’

Yesterday was presented the first U650 tractor manufactured at “Roman” plant from Brasov. Carol Rugaci, General Manager of the plant, says that only the engine and the combustion head are brought from India, the ... More

Second privatisation attempt to sell FAP

Serbia launched the second tender for the sale of 86.5% stake in Fabrika Automobila Priboj (FAP), the Privatisation Agency said. Potential bidders are required to have registered at least EUR 10 million in revenues in 2007 and ... More

Volvo to build truck centre in Plovdiv

Volvo Bulgaria said it would unveil in early 2009 a truck service centre and showroom in Plovdiv, Bulgaria’s second biggest city. The company has two centres in Sofia and one in Varna and Burgas each. It has invested BGN ... More

Gefco eyes acquisitions in Romania

French-held company Gefco, a part of the Peugeot-Citro'n group, intends to strengthen its position in Central and Eastern Europe, both via organic growth and via acquisitions, with its turnover increase amounting to 58.6 percent ... More

Bulland Investments to build Nissan auto complex

Bulgarian real estate investment trust Bulland Investments has broken ground on a Nissan showroom and service centre in the northern town of Veliko Tarnovo, said executive director Valentin Karabashev. The REIT has signed a ... More

EC resumes investigation into Tractorul privatisation

After things had seemed to settle around the privatisation of the Brasov-based Tractorul plant and European delegations had said nothing was suspect about the deal, the European Parliament’s Committee on Petitions seems to ... More

Ikarbus on the Russian market

The Ikarbus bus factory in Belgrade posted the revenue of RSD 2.58 billion in the first seven months in 2008, which is 3.2 times more than last year. This information was released by the company on Belgrade Stock Exchange web ... More

Hyundai invested EUR 5.5 M in integrated auto complex

Hyundai dealer Mega Motors and Dab Auto Serv, a company authorized to service Hyundai vehicles, yesterday opened an integrated auto complex in Bucharest’s south-western district of Vitan, a EUR 5.5 M investment. The complex ... More

Turkey’s automotive exports grow

Turkish automotive sector, which is often described as "the engine" of the country's economy, saw a 42.4% increase in the first half of 2008, and reached 13.6 billion USD, according to figures released by an exporters' union and ... More

Daimler refused Romania due to the absence of infrastructure

Ex Finance Minister, Sebastian Vladescu, is the one who negotiated Daimler arrival in Romania and he also admits that the absence of infrastructure is the main reason because of which Romania failed to have the EUR 800 M worth ... More

Dinkic attends opening of new Gosa production line

– Serbian Minister of Economy and Regional Development Mladjan Dinkic attended today the opening of a new production line in the Gosa equipment and machine factory in Smederevska Palanka. This Brownfield investment ... More

German company has fresh plans for BH

The strategy board of German Prevent will meet in Sarajevo today to discuss guidelines of its future operations in the market. Prevent operates plants with more than 2,500 employees in BH. During a two-day visit, members of ... More

Ferrari's plans to sell some 50 cars annually in Romania

Ferrari estimates that in about four years, it will come to sell some 50 cars in Romania anually, Ferrari President Luca di Montezemolo declared in a speech held at the inauguration of the first Romanian Ferrari dealer. In ... More

Dinkic offers JV model to Mercedes

A Mercedes Benz delegation headed by the company's CEO for Serbia and Montenegro Stavros Paraskevaides met on Wednesday with Serbian Minister of Economy and Regional Development Mladjan Dinkic and discussed the possibilities of ... More

Mercedes Benz contemplates investing in Serbia

Serbian Minister of Economy and Regional Development Mladjan Dinkic met last week with a delegation of the Mercedes Benz company to discuss investment possibilities in Serbia. The Ministry of Economy and Regional Development ... More

European Commission endorses 143 mln euros aid to Ford

The European Commission has authorised on Wednesday 143 million euros worth of aid, which the Romanian authorities intend to grant to Ford for the production of vehicles and engines in Craiova, southwestern Romania. The ... More