automotive

EY-Parthenon’s Strategy and Transactions teams assisted the shareholders of Forza Rossa and British Motors with the sale of their luxury automotive dealerships business in Romania. EY-Parthenon supported this landmark transaction in…

E.ON Energie România and Continental Automotive, one of the largest developers and manufacturers of innovative automotive systems, have recently completed the construction of a solar power plant in Timișoara. The project involved E.ON…

The Competition Council is reviewing the transaction by which Niterra Co., Ltd., Japan intends to acquire Toshiba Materials Co., Ltd., Japan from Toshiba Corporation. The Niterra Group, which has 79 companies, operates in the automotive…

The German group Schaeffler, one of the largest manufacturers of automotive components, recently announced that it will lay off 4,700 employees in Europe, and now it has revealed that the Brașov factory will also be affected. Part of the…

OVES Enterprise, a Romanian software development and drone manufacturing company, announces the expansion of its activity by entering the field of printed electronic boards (embedded hardware) production. This strategic decision responds to…

CTP has leased 13,000 sqm of production space at CTPark Deva II in western Romania to leading Chinese automotive component company KSHG Auto Harness. The company is significantly expanding its presence at the park, having already taken…

OneLife Rally, one of the most prestigious automotive events in Europe, has chosen Romania as the final destination for its 2023 edition. This incredible event will gather 100 prestigious vehicles and visit two Romanian cities - Sibiu on…

Continental, a technology company, inaugurated a new building in Iasi, which includes a test area for car braking systems and an above-ground parking lot with 210 spaces for Continental Iasi employees.The over 8 million euros investment was…

In 2023, the global engineering group SEGULA Technologies plans to recruit more than 150 automotive and IT engineers in Romania to support its growth in the country. Founded in 2004, SEGULA Romania has experienced rapid growth in recent…

Romania's 2022 retail turnover (except for trade in motor vehicles and motorcycles) was 4.4 percent up in unadjusted terms from the previous year, as an effect of growth in automotive fuel retail sales in specialized stores (+9.6 percent),…