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The BMW Group and Tata Technologies, a global product engineering and digital services company, have announced that they have signed an agreement to form a joint venture with the aim to establish a software and IT development hub with locations […]
Valeo, a global automotive technology leader, celebrated a major milestone with the official opening of its new manufacturing facility in Daegu (Korea) to produce sensors for vehicle automation. Valeo signed in July 2022 an investment agreement worth $56 million with the […]
Eldrive Romania and MOON Power, part of Porsche Romania, strengthen their partnership started in 2023. In 2024, Eldrive Romania will order 300 charging stations for electric cars, worth over 5 million Euros, from MOON Power. These stations will be installed […]
International law firm CMS has advised automotive manufacturing company Ford Otosan Romania on a 435 million Euro financing from a syndicate of banks, arranged by Societe Generale and BRD Groupe Societe Generale, as Coordinating Mandated Lead Arrangers and Bookrunners. Ford […]
Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE models, to meet the diversified customer needs in markets where the pace of electrification differs. Nissan plans […]
Schaeffler AG successfully placed a corporate bond with a volume of 850 million euros with international investors. The issuance comprises a euro bond in the amount of 850 million euros with an interest rate of 4.50 percent p.a. and a […]
Following the joint venture binding agreements signed on October 2023, Renault Group and Volvo Group have obtained the required regulatory approvals to officially launch the new company for the next generation of fully electric vans based on a Software Defined Vehicle (SDV) […]
New EU car sales rose 10.1 percent in February 2024, with the battery-electric market share remaining stable at 12 percent, according to data from the ACEA. Petrol models retained their lead as the most popular choice for buyers, followed by […]
Raiffeisen Bank Romania and Raiffeisen Rent have entered a strategic partnership with SIXT Group Romania to provide companies and individuals in the local market with a range of personalized mobility services, including car rental services, operational leasing and fleet management […]
Environment Minister Mircea Fechet announced the start of registrations in the Rabla Classic and Rabla Plus programs, at the Ford Otosan factory in Craiova. This year, the budget for Rabla Plus is 1 billion RON, and for Rabla Classic – […]
