Industry Developments

German luxury car manufacturer Porsche has created a new subsidiary, named Porsche Central and Eastern Europe in Prague, Czech Republic. The subsidiary, primarily aimed at the Central... 2008-10-20

Romania's biggest car manufacturer, Dacia, has announced plans to invest at least EUR40mn (US$56.2mn) for the construction of a new spare parts centre in Romania. The investment comes... 2008-10-14

French auto manufacturer Peugeot Citroen PSA has confirmed that it is currently considering the possibility of setting up a new engine plant in Romania. Romania is now one of the... 2008-10-09

The Czech Republic's biggest car manufacturer and German Volkswagen's subsidiary company, Skoda, has recently announced production cuts in its Czech operations, as export demand from... 2008-10-08

German vehicle access systems manufacturer Witte Automotive has announced plans to pour investments worth BGN21mn (EUR10.8mn) in building a car parts factory in Rousse, Bulgaria.... 2008-10-07

US auto manufacturer Chrysler is reported to be in discussions with a prospective partner for setting up a manufacturing unit in Russia. The move comes in light of the international... 2008-10-03

Toyota Motor Manufacturing Poland (TMMP), a unit of Japanese auto manufacturer Toyota, has announced the official opening of a new gearbox factory in Walbrzych, Poland. The fully... 2008-10-02

Italy's leading tyre maker Pirelli has identified Romania as a strategic market for the company, and has earmarked new investments in Romania amounting to EUR250mn. Pirelli Chairman... 2008-10-01

Russia's largest domestic car manufactuer, AvtoVAZ, has signed a partnership deal to acquire a 25% stake in Kazakh auto manufacturer Azia Avto. With the sealing of this deal, Azia... 2008-09-25

After having successfully launched its business operation in Romania, German auto manufacturer Daimler has announced the opening of a financing centre in Romania under the brand name... 2008-09-23