Magna International's plan to set up a new car plant in Slovenia will help support the development of the country's autos industry by offering OEMs a base in which to set up local car production operations. This proposed facility will also complement Magna's planned new car paint factory, which will bode well for operational efficiency.
The Romanian government's populist stance will benefit both passenger and commercial vehicle sales in 2017. This is because demand for PVs and CVs will be generated by increases in the minimum wage and fiscal expenditure that will boost household incomes and increase construction activities.
Daimler's decision to construct a new passenger car plant in Russia will allow the company to strengthen its already dominant grip on the Russian premium vehicle market. The company already enjoys a strong market share in the space and its ability to avoid high import costs will allow it to compete even stronger in the coming years as the Russian market recovers.
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Thanks, BMI Research