Ford investment will consolidate the US-Romania partnership

Ford investment in Automobile Craiova will consolidate the strategic partnership between Romania and USA, as declared on Friday by PM Calin Popescu Tariceanu, who told the US President George W. Bush that having American ... More

Dacia Pitesti unionists on general strike

While the representatives of the employees request a rise of around 74 pc, threatening with street protests, the administration of the company says that it cannot offer more than 12 pc for the average gross salary and 18.5 per ... More

Two Bulgarian Made Locomotives to Serve Beijing Airport

The Danube city of Ruse is the seat of the only Bulgarian locomotive producer. Photo by Two locomotives made in the Bulgarian Danube city of Ruse are already delivered in China, and will start operating ... More

USAID helps Macedonian automotive suppliers to partner with Volkswagen

The USAID Competitiveness Project joined the Minister for Foreign Investment, Vele Samak, in organizing the first Macedonian Automotive Supplier Conference in Skopje on Monday, with participation of a major manufacturer, the ... More

AutoItalia Group to represent the luxury brand Infiniti on the Romanian market

AutoItalia Group, the importer of the brands Fiat, Alfa Romeo, Lancia, Maserati, Ssang Yong and of the motorcycles Honda, will add to its portfolio, starting in January 2009, the luxury brand of the Japanese builder Nissan, ... More

Zepter negotiates purchase of tractor factory

The Privatization Agency announced the beginning of IMT sale negotiations for EUR 121.1mn. The HAŠ-SIP Consortium made of Home Art owned by Filip Zepter and Slovenian SIP offered additional EUR 10.3mn investments. The ... More

Americans visited Zastava’s car factory

At the end of last week, Zastava’s car factory was visited by the American delegation, lead by the Secretary of the Economy sector of the U.S. Embassy and her colleagues. During its stay in the car factory, the delegation ... More

'M.A.N Turkey' sells 150 buses to Greece

'MAN Turkey' firm, which sold 150 buses to Greece this year, made the second delivery consisting of 13 buses. Tuncay Bekiro, chairman of the Man Trucks and Buses Co. board of executives said Neoplan Papadakis, the MAN's ... More

Dacia exports doubled in 2007, amounting to EUR 1.8 bln

Dacia exports in 2007 amounted to EUR 1.8 bln, according to Rompres. According to Renault group, worldwide sales of Dacia vehicles advanced over the first 11 months of 2007 by 15.3 per cent, to 207,890 units, compared to 180,271 ... More

Viator & Vektor do not have support of Iveco for buying Zastava kamioni

The logistics company Viator & Vektor, owned by Zdenko Pavcek, will not compete with Iveco for the acquisition of Serbian Zastava kamioni, confirmed yesterday Pavcek, adding that Iveco had changed its mind and that it would set ... More

Čačak-based "Autoservis" on auction on November 29

The second auction sale of Čačak-based company "Autoservis" has been schedulled for November 29, and it will took place on the Belgrade Stock Exchange. As temporary representative of the assets of "Autoservis", ... More

Bulgaria third fastest growing car market in EU

New car sales jumped 19.3% year-on-year in October, propelling Bulgaria to the no.3 spot among EU's biggest sales gainers. Data of the European Automobile Manufacturers Association (ACEA) shows Bulgaria trailing only ... More

Viator&Vektor eyes Zastava trucks

Slovenian company specialising in logistics Viator&Vektor wants to buy Kragujevac-based company Zastava trucks. Head of the Viator&Vektor, who is also the President of Slovenian Chamber of Commerce, Zdenko Pavcek, confirmed that ... More

Zastava in talks with Magna Steyr

Austrian company Magna Steyr Fahrzeugtechnik is one of interested buyers of Kragujevac-based Zastava automobile car industry. As Zastava officials stated, the company will be holding talks with all interested investors until ... More

First speed train factory opens next month

Turkey's first speed train factory, which was set up as a Turkish-Korean joint venture in northwestern province of Adapazari, will start operating next month. The factory will manufacture every kind of electric railway trains, ... More

Peugeot collaboration accord with Karsan

France’s PSA Peugeot Citroen and Turkish car manufacturer Karsan have signed a letter of intent regarding the feasibility of a technical collaboration between the two companies. The project is for the co-development and ... More

Three cooperation agreements in car industry

Egyptian and Turkish compagnies this week signed three cooperation agreements in teh automotive sector. According to report today by Egyptian paper Al Akhbar, the signing ceremony was attented by Egyptian Minister of Trade and ... More

Adria Mobil Signs Deal to Acquire Sun Roller

Adria Mobil, a manufacturer of touring caravans and motor homes, has acquired a 80% stake in Spanish company Sun Roller, a leading European mobile home producer, in a deal worth EUR 10m, the Novo mesto-based group said in a press ... More

Indian Mahindra&Mahindra may buy some of Tractorul assets

Indian commercial vehicle producer Mahindra&Mahindra Ltd M&M is interested to buy some of Tractorul Brasov assets. The company had earlier bid for Tractorul but the deal came unstuck when the European Union Competition Council ... More

Indians invest ten million dollars in auto components factory

Auto maker Amtek Auto, division of Indian Amtek Group, is to invest 10 million dollars in the construction of an auto components factory in Romania, in parallel with a similar investment in China, Ziarul financiar daily reports, ... More