Poor start to the year for the Romanian automotive market. 6% decrease in registrations
The report of the Association of Automobile Manufacturers in Romania shows a decrease of 6% compared to the first month of last year in registrations. Poor start to the year for the Romanian automotive market. The ACAROM report is based on data from the General Directorate for Driving Licenses and Registrations...
2024 is a record year for Mercedes-Benz in Romania. Sales increased by 9.2%
Mercedes-Benz Romania officials consider 2024 to be a "historic year for the passenger car division". Sales are up 9.2% compared to 2023. With a strong focus on electrification and innovation, Mercedes-Benz has achieved very good results in Romania in 2024. Indeed, according to brand officials, "2024 marked a historic moment...
Europe must increase its domestic production and gas exports
Having ended ties with Russia as a gas supplier, Europe needs to increase its domestic production and gas imports. "We must do everything possible to work in and around Europe.", said Alfred Stern, whose message was broadcast at an energy conference in Berlin. A favourable regulatory framework and taxation system...
Rompetrol confirms: negociations with Lukoil the purchase of the refinery in Bulgaria
Kazakhstan's national oil company, KazMunaiGas is considering the possibility of acquiring the Lukoil Neftohim Burgas AD oil refinery in Bulgaria. KazMunaiGas through Rompetrol confirms: negociations with Lukoil the purchase of the refinery in Bulgaria. "JSC NC KazMunayGas has been invited by LUKOIL to participate in the tender for the acquisition...
Goodyear sells Dunlop brand
Goodyear Tire & Rubber Co has announced that it will sell its Dunlop brand to Sumitomo Rubber Industries (SRI). The sale will be made for $701 million in cash. According to Goodyear officials, the sale of the Dunlop brand follows a strategic review. This is related to the company's "Goodyear...
Record 100.000 electric cars assembled
The BMW Group's Regensburg plant reaches a total production of 330.000 units this year. More than 100.000 of these are fully electric vehicles. The BMW Group Plant in Regensburg has reached a new major milestone: as planned, the threshold of 100.000 electric vehicles produced since the beginning of the year...
Investment budgets in GenAI are increased
Nine out of ten European companies offering financial services (90%) have adopted Artificial Intelligence (AI) in their operations to some extent. Nearly three-quarters (72%) of leaders plan to increase annual investments in GenAI. The "EY European Financial Services AI Survey" is now in its second edition. According to the research,...
Opel cancels exchange at its main plant in Russelsheim
Opel cancels exchange at its main plant in Russelsheim, caused by low demand in the European market. This situation is forcing the Opel brand, part of the Stellantis group, to reduce production. At the same time, the plant temporarily switches from working in two shifts to just one. Low demand...
Airbus launches second tranche of share buyback program
European aviation group Airbus has announced the second tranche of its share buyback program. Airbus launches second tranche of share buyback program, between November 25 and January 24, through an investment firm. Airbus will buy back up to 2.12 million shares. This is part of the plan to buy back...
India successfully tested a hypersonic missile
India, a country equipped with nuclear weapons, has announced the first successful hypersonic missile test. "India has reached an important milestone. It has passed the test of a long-range hypersonic missile," Defense Minister Rajnath Singh said in a statement. The US, Russia, China and North Korea have tested hypersonic missiles....
