Automotive industry in Romania

During the Communist period, Romania was one of the largest automobile producers in Central and Eastern Europe, however the industry declined after the 1989 revolution.

Previously, other domestic manufacturers such as Tractorul Braşov, ARO and Oltcit existed, however they eventually went bankrupt due to botched privatization in the 1990s.

Since 1990, several foreign companies, including Mercedes, Audi, Hyundai, Volvo, Toyota, and Peugeot, expressed interest in opening branch plants in Romania.

[2] In 2014, the Romanian automotive industry ranks fifth in Central and Eastern Europe, behind that of the Czech Republic, Slovakia, and Poland.

The new Bosch facility will produce electronic components for automobiles, and will create about 2,000 jobs.