HYUNDAI opens biggest sales center Serbia

Hyundai Auto Beograd, general agents for South Koreàs Hyundai Motor Company, has opened in Belgrade the biggest sales and service center in Serbia. According to VIP Daily News Report, the centre is organized according to ... More

Kamor Auto to import Chinese car brand

Kamor Auto, the official local distributor of BMW and Mini Cooper, has been appointed importer of Chinese car brand Cherry for Bulgaria, Serbia, Montenegro and Macedonia. The company has already purchased a lot near the Sofia ... More

Serus Invests EUR 6 Million In Building Two Centers

Serus, dealer for the Renault and Nissan brands, will invest circa EUR 6 million to open two new centers. In December, the construction of a new auto center for fleets will be completed, close to the Bucharest-Pitesti highway. A ... More

Mahindra requested to cancel EUR 180 M debts in order to assume Tractorul

The Indian company Mahindra&Mahindra reasserted yesterday its interest to take over Tractorul Brasov, in spite of the suspended negotiations with the Romanian authorities on the background of the disagreements regarding the ... More

Ford dealer to build 5 mln euro auto center near Varna

Moto Pfohe, the authorised Ford dealer for Bulgaria, said it has kicked off the construction of a sales and auto service center near the Varna airport. The center, located on a 1.4 ha site, will be the biggest on the Balkans ... More

ZASTAVA to ship USD 1 mln in 128 model to Egypt

The Zastava Automobili car manufacturer is preparing to ship 480 of its Zastava 128 model passenger cars worth a total USD 1 million to Egypt. The cars will be delivered in parts on May 22, the plant announced, as reports Tanjug ... More

Tractorul Brasov privatisation

Negotiations between AVAS and India’s Mahindra & Mahindra on the Tractorul Brasov sale, initiated in October 2005, will be completed within two weeks or fail, given that the State’s offer concerning the Brasov-based ... More

DaimlerChrysler Might Open A Plant In Romania

George Copos, state minister for the coordination of activities in the business and small and medium enterprises field said last Thursday that American-German car producer DaimlerChrysler might build a bus plant in Romania. Copos ... More

Peugeot 207 Model in the Turkish Market

French Automobile Company Peugeot plans to increase its share in the Turkish market, one of the company’s four target countries outside the European Union, with the launch of models ending with "7". Peugeot had ... More

Sfakianakis buys Bulgarian Suzuki dealer

Athens-quoted Sfakianakis said on April 18 that it had acquired 99.6 percent of shares in Bulgaria's Mirkat Ltd for six million euros. Mirkat has operated for 13 years as exclusive distributor for Suzuki in Bulgaria, the ... More

A Dutch Investment Fund Assigns EUR 22 Million For Romania

Dutch Investment Fund MEI Roemenie en Bulgarije Fonds will invest EUR 22 million in Romania. Their first investment was the purchase of 5.23 percent of agriculture cars producer Mecanica Ceahlau. According to the RBF politics, at ... More

Ikarbus and Siemens projects for new buses.

"Ikarbus" company and "Siemens" signed a contract of partnership which would help according to the words of Ikarbus' director, Srecko Nijemcevic, to make this cooperation more solid and expand it in the manufacture and ... More

Romcar Doubles Sales In The First Quarter

Romcar doubled their car sales up to 2,246 units, in the year's first quarter, compared to 2005. The biggest increases on the cars segment were reported for Ford Fiesta, Mondeo, Focus and Focus C-Max. On the utility car segment, ... More

Polynon To Invest Up To EUR 20 Million In Car Parts Plant In Romania

Dutch company Polynon plans to invest between EUR 12 and 20 million in Romania, in opening a new car parts plant for Dacia Logan. The investors will stop in one of the following cities: Pitesti, Brasov or Sibiu. The plant will ... More

35 Percent Bigger Sales For Land Rover In The First Quarter

Land Rover sold in Romania in the first three months of the year, 83 percent units, a 35 percent increase compared to the similar interval last year. According to the Association of Car Producers and Importers (APIA), Land Rover ... More

An Investment Fund Purchases 5 Percent Of Mecanica Ceahlau

MEI Investment Fund - Roemenie en Bulgarije Fonds NV Holland purchased a 5.23 percent package of Mecanica Ceahlau's Piatra Neamt's shares, who has activities in the agricultural and forest cars manufacturing. SIF Moldova is the ... More

Daewoo enters engine and gear box production contract

Daewoo Automobile Romania Vice-President Ion Ion has stated that the car builder in Craiova had signed a contract with a plant in Ukraine for the production of 20,000 engines and gearboxes. “I’ve come back from ... More

Neobus" company from Novi Sad and "Volvo" are making together buses for Balkan market

A factory for manufacture of buses, Neobus, from Novi Sad, which is celebrating 50 years of work this year, plans to make buses for the whole South-Eastern European market, in cooperation with Volvo. Neobus had had in the last ... More

Auto Brescia Group Inaugurates EUR 3-4 Million Hotel

Auto Brescia Group in Brasov invested EUR 3-4 million in a hotel that they have recently inaugurated. The works for the Piemonte Hotel started in 2004. The unit is located at the Brasov entrance of Predeal. The hotel is destined ... More

The Romanian state will take over shares held by South-Korean side in Daewoo

The contract for the takeover by the Romanian state of the shares held by the South-Korean side in the capital of company Daewoo Automobile Romania could be signed within about a month, Romanian economy and trade minister Codrut ... More