Dacia bets on local talents for future Logan models

After taking over the Dacia factory and starting to produce Logan in Romania, then exporting to 51 countries throughout the world, French carmaker Renault has diversified the range of its businesses and therefore its investments ... More

Italians left Russian market to "Zastava"

The latest negotiations between the management of "Zastava's" automobile factory and Torino-based company "Fiat" resulted in the decision that Kragujevac's "punto" can also be exported to Russia. The agreement has been ... More

Iveco mulls partnerships in Eastern Europe

Italian truck maker Iveco said on Fri it was interested in forming partnerships in Russia and Central and Eastern Europe. Speaking on the sidelines of an annual gathering of business leaders and policymakers at St. Gallen ... More

30 Croatian companies interested in production of "zastava 10"

About 30 companies from Croatia are interested in resumal of collaboration with "Zastava" on the program for production of domestic "punto", that is, model "zastava 10". On that occasion, the business delegation of Croatia is the ... More

Chinese auto producer eyes Turkish market

Chinese auto manufacturer the Great Wall Motor Company Ltd. announced yesterday that they were in negotiations with a Turkish partner to secure a share in Turkey’s dynamic automotive market. Parker Shi, Middle East ... More

New Logan five-door hatchback model

The fourth model of the Logan car line, to be launched in Brazil this October, will be a five-door hatchback, and will be sold on the Romanian market in 2008, Renault officials said in a Newsin exclusive statement. The Renault ... More

Dacia sold as commercial vehicle, causing tax losses

Romania’s Dacia, produced under the Renault brand, has started to market its MCV (Multi Convivial Vehicle) model as a commercial vehicle in Turkey in order to pay less tax. MCV is, however, being sold as a passenger ... More

Kia estimates sales of 2,300 units in Romania in 2007

Kia Romauto company, importer of the South Korean brand, estimates to sell 2,300 cars in the Romanian market this year, company's manager Dan Chitaru said , at the official release of a new model, Kia cee'd.The importer plans to ... More

Italy’s FIAT invests in Turkey to produce new car

Italy's Fiat SpA plans to invest 500 million euro in production plants at five Turkish sites for its Linea small family car up to 2012, CEO Sergio Marchionne said in Istanbul. Fiat's joint venture with Turkey's Koc, called Tofas, ... More

Renault-Nissan Working to Develop a Car Cheaper than Logan

Renault-Nissan, the carmakers alliance that launched the Logan "no-frills" model in 2004, now seeks to build an even cheaper car for emerging markets, chief executive Carlos Ghosn said, quoted by French daily Tribune. The car ... More

Ford, General Motors and JC Russian Machines bid for Automobile Craiova

American carmakers Ford and General Motors and Russian company JC submitted to the Authority for State Asset Resolution (AVAS) non-binding tenders for the privatisation of Automobile Craiova, by the bidding deadline on Wednesday, ... More

South Korea's Hyundai mulls Bulgaria automotive plant

South Korean auto maker Hyundai Motor Corp. is considering the opportunities to build from scratch a plant for automotive parts in Bulgaria, said Vladimir Todorov, manager of the company's local representation office. The ... More

Turkey Europe's sixth largest auto producer

Turkey's automotive industry has been growing enormously in the last five years, becoming a large part of the economy and the sixth largest in Europe with respect to size and volume. Germany is the largest vehicle exporter, ... More

Toyota’s investments in Turkey exceeds $1.5 bln

Toyota Turkey’s investments have exceeded 1 billion euros since it was established, Toyota Turkey CEO Kazuhiro Kobayashi announced Wednesday in a written release. He said this level was a landmark for them. “Our ... More

New Car Sales in Bulgaria Rise by 28% in Q1

Sales of new cars in Bulgaria rose by 28% in the first three months of the year, according to the data of the car importers union UIAB, published on Wednesday. UIAB members sold 11,186 new cars in January-March, compared to ... More

Zastava to shut down Yugo production

Kragujevac automaker Zastava looks set to discontinue manufacturing of its Yugo vehicles. Upcoming cooperation with General Motors (GM) will mean that Zastava will gradually shut down its own production as it undertakes to ... More

Logan 4X4 to be launched on the market in 2009

The first SUV Dacia will appear in 2009, or in 2010 at the latest, shows Realitatea TV. The French magazine AutoPlus published photos of the future model of Romanian car, Logan SUV. According to the photos published in the French ... More

Renault plans doubling of van sales in Bulgaria '07

Renault intends to double the sale of its van models in Bulgaria this year, the representatives of the French auto maker said at the official presentation of the new range of vehicles in this class. That target means the ... More

Tofaş to complete $1 bln in investment this year

Tofaş, one of Turkey’s leading car producers and co-producer of Fiat, will make $1 billion in investments for modernization and expansion of capacity within the year, Ali Pandır, Tofaş CEO, said at a press ... More

The automobile industry a key for Romania’s industrial policy

The automobile industry is a key element in Romania’s industrial development. In 2006, the turnover of our vehicle and parts industry, services included, amounted to approx. EUR 8 bln. Currently, approx. 150,000 ... More