Automotive industry

The European Bank for Reconstruction and Development (EBRD) is supporting the production of a range of next generation all-electric and plug-in hybrid variants of one-ton commercial vehicles for the European market by arranging a 650 million-euro loan to Ford Otosan, US automaker Ford's joint venture with Turkey's Koç Holding, according to a statement from the bank on July 14.

Ferrari V12 production cars were suspended over the factory floor Sunday night as the 74-year-old luxury carmaker launched a new era as a lifestyles brand, with a runway show unveiling its first ready-to-wear collection targeting a younger generation that might not be aware of its Formula One racing pedigree and coveted performance street cars.

Volkswagen Group CEO Dr. Herbert Diess also made statements

A total of three victims died after the accident on the highway "Trakia" at 356 km in the direction of Sofia-Burgas, said the press center of the Regional Directorate of the Ministry of Interior in the seaside town.

The incident happened around 20.30 this evening after the highway exit Balgarovo.

The budget for the Environment Administration Fund (AFM), the institution that finances the Rabla Clasic and Rabla Plus car scrappage programs, will be presented during Wednesday's Government reunion, and the Rabla program will start on April 26, declared, on Wednesday, the Minister of Environment, Waters and Forests, Tanczos Barna, during a press conference.

Romanian car registrations have dropped by 25.8% during the first three months of this year, in comparison with the similar period of last year, according to a press release sent by the Car Producers and Importers Association (APIA).

Automotive production in Turkey, including light commercial vehicles, tractors, and automobiles, totaled 211,877 million units in the first quarter of 2021, a sectoral report revealed on April 12. 

The Automotive Manufacturers Association said that in January-March, the figure had slipped by 10% from a year ago.

Koper – AK Automotive, a Turkish-owned company, to expand production and has recently purchased a production facility in Koper it used to lease from Cimos. It plans to invest more than EUR 20 million in the location within a year.

AK Automotive was set up in 2018 by Kücükoglu Holding, which acquired Cimos’s kinematics business the same year.

If Germany changes its Law on Warranties, currently one of the hottest issues in the European economy could affect used cars arriving in Serbia from Germany to become 10 to 20 percent more expensive.

Μετά τον τίτλο του Ελληνικού  Car Of The Year για το 2021, που απέσπασε το 2008, έρχεται και και το Women’s World Car of the Year ...