Industry Developments

Optimism is high in the Russian tyre segment, thanks to the robust domestic demand for autos and the subsequent increase in vehicle production in Russia. Finland's Nokian Tyres has... 2011-09-26

Uzbek carmaker Uzavtosanoat has sealed two separate joint venture (JV) agreements with South Korean firms - Austem and ERAEC - both aimed at carrying out production of auto parts in... 2011-09-23

Optimism is rising at Czech Republic-based used car dealer AAA Autos, which has stepped up its expansion activities in Central and Eastern Europe. In September alone, the company opened... 2011-09-22

A potential free trade agreement (FTA) with South Korea could significantly step up competition in Turkey's auto market and help attract a sizeable amount of investment from South Korea's... 2011-09-21

China's Geely Automobile Holding is examining the possibility of making vehicles in Belarus in partnership with local firm Avtokomponenty Holding Company, according to Sergei Varivoda,... 2011-09-20

Effects of Russia's broad-based economic recovery continue to be felt in the autos market, where sales of new light vehicle sales, comprising passenger cars and light commercial vehicles,... 2011-09-13

With Czech passenger car sales in the first four months of 2011 reaching 56,646 units - only 3.7% higher than in the same period last year, BMI holds to its forecast of sales rising... 2011-09-02

BMI expects Bulgaria's automotive market to continue to recover in 2011. We forecast that 21,416 vehicles will be sold in the country in 2011, an increase of 9.94% on the previous year.... 2011-09-01

The promising new car sales figures, released in April, posting a y-o-y monthly increase of 32% appears to have heralded nothing more than a false dawn for the Romanian auto sector.... 2011-08-30

Q211 saw a notable increase in the number of automotive parts manufacturers choosing to invest in Serbia, which BMI has linked to Italian carmaker Fiat's presence in the country, the... 2011-08-26