Turkish Giants go for Inexpensive Chinese Cars

As Turkey becomes a base for automotive investments, Turkish companies are seeking to import increasingly popular Chinese cars. Forty consortiums, including Anadolu, Sanko and Bayraktar, are competing to become the next big ... More


Foreign investors interested in taking over CET in Romanian towns

Several companies in Russia, Sweden, Italy, Germany and Israel are interested in taking over thermal power plants (CET) in various towns, the representative of the ministry of administration and home affairs, responsible with ... More


Tofas Makes 2,5 Millionth Car

Wednesday heralded great news for Tofas after 35 years of experience in the Turkish automotive manufacturing sector. Tofas, a Koc Holding (Turkey) and Fiat (Italy) corporation, saw the production of its 2.5 millionth car. ... More


German luxury car maker BMW to open head office in Bulgaria

German auto maker BMW Group will open a representation office in Bulgaria by mid-2007. The company is already staffing its local office, a procedure that should be completed by mid-December. No one at the BMW headquarters ... More


Serbian Zastava 10 on sale in Croatia and Bosnia

Kragujevac-based Zastava Auto - the newly formed company which assembles and sells the Serbian version of the Fiat Punto (Zastava 10) - and the Croatian HD Auto company recently signed a contract to export the Zastava 10 to ... More


Romanian completes Daewoo plant deal

Romanian completed the deal to buy out South Korean partner Daewoo Motor from the joint venture, Daewoo Automobile Romania, which will allow the government to find a new partner for the car plant. Under the terms of the deal ... More


Zastava makes offer to Croatian companies

Zastava has offered Croatian companies cooperation in producing automotive parts and components. The Serbian automobile and truck company from Kragujevac has offered cooperation on building the Zastava 10, which is produced ... More


The first "Vulko" car service opened in Belgrade

Director of the American company "Goodyear" for mid and south eastern Europe, Andreas Niksh, opened up on October, 19th, 2006, the first "Vulko" service in Belgrade, as a part of specialized multinational franchising chain of ... More


Daewoo Craiova, put up for privatisation in December

The Ministry of Economy will put up for privatisation in December the car-maker Daewoo Automobile Romania based in Craiova. The transfer of the company into private ownership will take place in the first half of 2007, stated on ... More


Ford could sell this year 12,500 cars on domestic market

Romcar, the general importer of the brand Ford on the Romanian market, estimates total sales of 12,500 units in 2006, up 61 per cent vs. 7,750 vehicles imported last year, declared the sales manager of the company, Teodor ... More


Car Importers To Build Mall at Bulgaria's Seaside

Automobile importer Moto-Pfohe has decided to turn to real estate and is building the largest mall at Bulgaria's seaside city of Varna. The Pfohe Mall will spread over 26,000 square meters, the main investors, who also import ... More


Confidence in new Logan break

Some of the potential clients for Dacia Logan Saloon will orientate towards the break version Logan MCV, especially attracted by the superior capacity of the break model, stated the general manager of Automobile Dacia, Francois ... More


Automobilie Bavaria puts EUR 10 million in new headquarter

The importer of BMW, Mini, Rolls Royce and MAN, Automobile Bavaria will open this week a new headquarter in Baneasa, following an investment of over EUR 10 million. The new location will have a total surface of 12,500 square ... More


Facilities to Daewoo, close to investment value

Daewoo Automobile Romania has benefited from tax facilities in the amount of approx. EUR 800 M, a value close to the investments made by Daewoo group in Romania (approx. USD 850 M), as announced by the South-Korean ... More


Ford may produce small-class automobiles in Romania

Ford will manufacture small-class cars, primarily for the Eastern European market, if it takes over Daewoo Automobile Romania, recently taken over by the Romanian State, Ford Europe chairman John Fleming told Mediafax Thursday. ... More


RENAULT to open engine plant

Renault is planning to open a plant in Turkey to build 1.5 diesel engines, according to The Wall Street Journal, Bloomberg reported. Currently Renault produces some 900,000 engines of this type annually and together with ally ... More


FORD not to invest USD 750 mln

Red tape, high taxes and high labour costs were the reasons which have convinced Ford not to invest over USD 750 million on the Turkish market, according to a report in Turkish daily Vatan. The Deaborn-based carmaker has decided ... More


Turkish Firms at German Fair

One hundred forty Turkish automobile firms attended the 61st IAA Commercial Vehicles 2006 auto fair held annually in Hannover, Germany. Martin Scharrer, a board member of Neoman Bus, the company manufacturing Man and Neoplan ... More


Turkish Firms at German Fair

One hundred forty Turkish automobile firms attended the 61st IAA Commercial Vehicles 2006 auto fair held annually in Hannover, Germany. Martin Scharrer, a board member of Neoman Bus, the company manufacturing Man and Neoplan ... More


Turkish Firms at German Fair

One hundred forty Turkish automobile firms attended the 61st IAA Commercial Vehicles 2006 auto fair held annually in Hannover, Germany. Martin Scharrer, a board member of Neoman Bus, the company manufacturing Man and Neoplan ... More