Automotive
UniCredit Leasing motorsport debuts in the Romanian National Rally Championship
UniCredit Leasing, the leading player in the leasing market in Romania,, announces its entry into motorsport by supporting UniCredit Leasing Rally team, consisting of Adrian Teslovan (pilot) Cseh Vajk Imre (copilot) and Mihai Leu (Technical more »
Romania exported vehicles and transport equipment worth 22.48 billion Euros, in first 10 months of 2016
Romania exported in 2016, vehicles and transport equipment worth 22.48 billion euros, by 2.2 billion Euros over the level of the similar period of 2015, according to the centralized data of the National Institute of Statistics (INS).  The vehicles and transport equipment imports stood at 21.09 billion Euros, being higher by 2.34 billion Euros in comparison to the ones in the period January-October 2015, thus registering on this segment a surplus of 1.395 billion Euros. more »
July 21, 2016 16:40
Pony Car Sharing, the first car sharing company in Romania established in Cluj in 2015 is now developing a program dedicated to the business environment that will allow employees from partnering buildings to drive and return a car in a station based car sharing for daily business trips. The company plans to purchase 15 BMWs i3 by the end of the year that will be used in a series of programs in Cluj and Bucharest, a record in Romania for this type of acquisition so far, becoming the first sharing company in the country that owns an electric fleet....more »
March 08, 2016 14:19
bpv Grigorescu Ştefănică advised the Chinese company Ningbo Joyson Electronic Corporation (Joyson Electronics) in a transaction valued at $920 million, by which the company acquired Key Safety Systems. This is one of the largest transactions in the automotive sector of the early 2016. Joyson Electronics, one of the world’s leading suppliers of automotive components, has signed the agreement for the acquisition of the auto supplier Key Safety Systems. Key Safety Systems, a US manufacturer of security systems for the automotive industry, such as airbags, steering wheels, seat belts, is operating in 32 locations around the world, including Romania, where it is present with facilities in Arad and Hunedoara. It is predicted that the transaction will result in a company with annual sales of $3 billion employing approximately 20,000 people. ...more »
January 20, 2016 16:50
According to the Romanian Automotive Manufacturers and Importers Association (APIA), the local auto market this year will continue to grow after the impressive twenty percent growth of 2015, but at a slower pace of around ten to twelve percent. The programs such as the “Rabla” scrappage program has to be adapted to current market needs says Ernest Popovici, the president of APIA....more »
July 14, 2015 23:34
The volume of car sales grew in the first half of 2015 by almost 18 percent, announced the Car Producers and Importers Association APIA.   Total sales reached 55,440 units, with the majority of the buyers being companies and other jurid...more »
January 21, 2015 17:03
Ford Romania has strengthen its presence on the domestic market last year, registering significant increases across all segments and thus reaching a market share of 8.21 percent, compared to 6.98 percent in 2013, announces the company....more »
January 19, 2015 12:51
Dacia's sales moved upwards last year when the group sold nearly 511,500 vehicles, thus maintaining a 19 percent growth rate as in 2013 which drives it on top among mainstream brands in terms of sales in Western Europe. On the domestic market Dacia also increased its sales by 19 percent to circa 29,700 units, the market share standing at 31.2 percent, according to a press release. ...more »
December 19, 2014 12:11
Romanian car market continues its uptrend, the overall sales of passenger cars and commercial vehicles increasing by 24.1 percent year-on-year in the first eleven months in 2014 which marks the first year of growth after six years of successive decline, according to Romania’s Automobile Manufacturers and Importers Association (APIA)....more »
November 19, 2014 15:59
Ford Romania has announced that 680 employees, about 20 percent of the people working at the Craiova plant will leave the company due to declining demand on the European vehicle market. The car manufacturer is implementing a programme of volunt...more »
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