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Articles - automotive industry

Romania produced almost half a million cars in 2019, up 3 percent

Romania's car production last year was 490,412 units, up 2.9% compared to 2018, out of which 350,000 units carried the Dacia logo, and another 140,000 units were made by Ford at the Craiova plant.

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The Romanian industrial market could feel major effects from a hard Brexit

Overall, industrial and logistics take-up increased some 40% in the first three quarters of 2019, to 306,300 sqm, but this figure is nearly 27% below 2017’s same period. 2019 still looks like a solid year overall (including the fourth quarter).

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Japanese JTEKT to invest 125 million euros in its factory in Alexandria, Romania

Japan's JTEKT, which owns the Koyo Romania bearing factory, will invest 125 million euros in expanding production.

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A major greenfield investment in a new factory in the automotive industry looking for land in central Romania

Several cities received requests on available land from the Ministry for the Environment for Business, Trade and Entrepreneurship, through Invest Romania, alba24.ro informs.

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Demand for industrial spaces doubled in the first half of the year

The volume of industrial and logistics rented in the first half of the year totaled 240,700 square meters, more than twice the level recorded in the corresponding period last year, of about 100,800 square meters.

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Volkswagen chose Turkey for the new factory, to the detriment of Romania and Bulgaria

Volkswagen AG is preparing to make a major investment in Turkey as part of the expansion plan in Eastern Europe, chosing between the possible destinations for a new factory previously announced to be Romania, Bulgaria and Turkey.

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Romania competes with Bulgaria and Hungary for a new Skoda factory, an investment of 1 billion euros

Romania competes with Bulgaria and Hungary for a new Škoda plant, a greenfield investment of over 1 billion euros.

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The automotive industry, the engine of the Romanian economy

According to the study by Euler Hermes, the automotive industry is one of the main pillars of the Romanian economy, employing over 150,000 people and contributing to 47% of exports in 2016.

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