Industry Developments

Automotive manufacturer Honda has ended its business ties with Latvian auto dealership Bensons Auto, as the dealer failed to its repay debts worth EUR1.8mn (LVL1.26mn) to the car... 2008-08-18

According to local sources, the Estonian government is preparing for the announcement of a car tax to be introduced in Estonia. Reform Party member Jürgen Ligi said that the car... 2008-08-11

Korean automotive manufacturer Kia Motors Corporation announced that it has achieved an average production rate of 850 cars daily in the company's European plant in Zilina, Slovakia.... 2008-08-08

Italian automotive manufacturer Fiat's subsidiary, Fiat Powertrain Technologies has announced plans to invest some PLN580mn (US$290mn) in Poland's Katowice Special Economic Zone (KSEZ).... 2008-08-05

In line with the growing demand for foreign cars in Russia, automotive importers and dealerships in the country seem to be doing a brisk business. Rolf Import - one of Russia's leading... 2008-08-04

In view of the massive success of its models in Romania, Ford Europe is planning to establish a dedicated National Sales Company (NSC) for the Romanian market. The NSC organisation,... 2008-08-01

Ukrainian car manufacturer Bogdan Corporation has announced the opening of a new car plant in the town of Cherkassy, with a production capacity of 120,000 vehicles annually. Speaking... 2008-07-31

German auto manufacturer Daimler is considering acquiring a 42% stake in Russian truck maker Kamaz in a move that it hopes will boost its sales in Russia. The German auto manufacturer... 2008-07-28

Stuttgart-based automaker Daimler has revealed plans to invest some EUR800mn (US$1.24mn) to build a new car plant in Hungary, for the production of compact models of its flagship... 2008-07-22

Swedish truck and bus manufacturer Scania AB has secured an order to supply 300 trucks to Ukrainian transport company Europa-Trans. The order is a significant move, as it marks Scania's... 2008-07-21