Industry Developments

Slovakian vehicle exports to China reached EUR1.3bn in 2011, surpassing exports to its traditional European trade partners. BMI believes the growth came on the back of increasing appetite... 2012-03-28

The signing of a framework deal on free trade agreement (FTA) between Turkey and South Korea on March 26 2012 is setting up the stage for a significant increase in the presence of South... 2012-03-27

The Turkish government is reportedly planning to roll-out tax incentives for fuel efficient cars within the next two years, local news sources have reported, citing Energy Minister... 2012-03-21

Germany's Daimler has increased its stake in Russian truck maker Kamaz from 15% to 25% plus one as part of the company's broader strategy to expand its presence in key emerging markets.... 2012-03-20

The remainder of 2012 may well be a challenge for the Slovakian auto industry - and this is largely dependent on economic developments outside of its control. BMI has downgraded its... 2012-03-19

Ukrainian truck maker AvtoKrAZ is to deliver ten heavy trucks to Azerbaijan-based OJSC Azneftmash by the end of 2012, in a move which falls in line with BMI's long-held view about the... 2012-03-16

Canadian parts supplier Magna International has joined the ranks of major international suppliers looking to benefit from the production potential in Serbia by revealing plans to set... 2012-03-14

New car sales in Hungary ended 2011 up a modest 3.7% year-on-year (y-o-y), at nearly 44,925 units, falling closely in line with BMI's expectations of 3.4% y-o-y growth in the passenger... 2012-03-13

Encouraged by an impressive 34.7% year-on-year (y-o-y) increase in its European sales, to INR8.2bn during the first three quarters of financial year ending March 2012 (FY2011-12), India's... 2012-03-08

A downgrade in BMI's forecast for Turkey's 2012 real GDP from 4.5% year-on-year (y-o-y) previously to 1.8%, and a seventh consecutive month of negative vehicle sales growth, has prompted... 2012-03-07