Industry Developments

Italian automaker Fiat, which had agreed to acquire a 70% stake in Zastava with an investment of EUR700mn, will be signing the final deal on 29 September to kick start the new joint... 2008-09-22

Italian auto manufacturer Fiat has announced its plans to open an assembly line in Romania, the discussion for which is currently being held between the Romanian government and Fiat... 2008-09-19

One of the world's top automotive suppliers, Continental AG, has announced plans to cut down production of truck tyres at three of its European plants by almost 6.5% this year. According... 2008-09-18

Japanese auto manufacturer Mazda's European subsidiary Mazda Motor Europe has shown some outstanding performances, with sales increasing by as much as 16.5% year-on-year (y-o-y) in... 2008-09-17

Kommest Auto, an authorised Peugeot dealer in Estonia that was bought by Latvian businessman Toomas Rüütmann last year, has filed a legal claim against one of Latvia's largest banks,... 2008-09-15

German automotive parts producer Dr. Schneider is looking to invest some EUR10mn towards the construction of a new car factory in southern city of Stara Zagora. Company representative... 2008-09-11

Russia's largest car manufacturer, GAZ Group, has announced its plans to buy a 50% stake in Italian diesel engine producer VM Motori, after General Motors (GM) permitted the Russian... 2008-09-10

ZF-Kama, a joint venture between Russian commercial vehicle producer Kamaz and German auto parts supplier ZF Friedrichshafen AG, is being taken to its second phase with the partners... 2008-08-21

Russian automotive group Gaz is planning a joint venture (JV) with US manufacturer General Motors (GM) to build a new factory for manufacturing light vehicles in Russia. The JV, formed... 2008-08-20

Germany's automotive manufacturer Volkswagen (VW) is currently planning to move an assembly line from Slovakia to Bosnia, although the final decision is yet to be announced. However,... 2008-08-19