View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 12, 2016

Parts makers talking Romania investments

The Romanian government is currently in talks with two large companies active in the automotive sector to get them to invest in Romania, economy minister Costin Borc has said.

The Romanian government is currently in talks with two large companies active in the automotive sector to get them to invest in Romania, economy minister Costin Borc has said.

He added that he can’t provide additional information because the decisions are not final and could be affected by early disclosures, reported romania-insider.com citing Economica.net.

The two companies are both active in the car parts manufacturing sector but one is from Europe and one from outside the continent. However, the minister said that it was important for Romania to develop Romanian subcontractors, both for the current investors in the automotive sector, namely Renault and Ford, as well as for the third one.

Romania missed an investment of the German car producer Daimler this year, due to its poor road infrastructure. The group finally decided to build its EUR500m Mercedes engine plant in Poland.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto