The auto parts industry has chalked up a decade of steady growth, but analysts and forecasters believe the strains of falling vehicle sales, rising material costs and huge demands for R&D spending could bring the party to an end, Automotive […]
Renault warned revenue may decline this year, scrapping a previous goal, after first-half profit was hit by weakening car demand and an earnings collapse at alliance partner Nissan in the wake of the Carlos Ghosn scandal, Reuters reads. Net income slumped by […]
SUV registrations grew by just 0.7% in June 2019, but it was still the third highest month ever for sales in the segment The overall market was down by 7.9% – the highest monthly drop so far in 2019 and […]
Porsche Holding appointed Elmar Geisler as the General Manager of Porsche Romania as of July. He is replacing Kurt Leitner, who has held this position for the past four years alongside Brent Valmar. Kurt Leitner ends his mandate in Romania […]
French auto parts maker Faurecia maintained first-half profitability despite a China-led decline in auto production and the loss of seating contracts, the company said on Tuesday, Reuters reads. Net income rose 1% to 346 million euros ($387 million) as revenue […]
Raben Group extended its direct connections and launched two new distribution lines, connecting Germany and the Czech Republic with Romania. Thus, with these two additional connections, the transit time between Germany (Nurnberg) and Romania (Cluj) is of 72 hours, while […]
Sweden’s Autoliv cut its 2019 sales growth outlook on Friday, as the car safety equipment maker became the latest casualty of a deteriorating global auto industry to report weaker than expected quarterly earnings, Automotive News reads. Autoliv said it was […]
Automotive Today powered by The Diplomat – Bucharest organizes the Automotive Forum & Awards for Excellence Gala – 2nd Edition, on 22 October at Radisson Blu Hotel in Bucharest, starting at 15:00. Automotive Forum & Awards brings together delegates from […]
In June 2019, new car registrations in the European Union fell by 7.8 percent to 1,446,183 units. To a large extent, this drop can be attributed to a negative calendar effect. On average, June only counted 19 working days across […]
In the first half of the year, Groupe Renault recorded 1,938,579 vehicles sold, down 6.7 percent in a market that fell 7.1 percent. Sales remained stable in Europe in a market that fell by 2.5 percent. In regions outside Europe, […]
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