Romania’s Automotive Industry Enters a Risk Zone: Tens of Thousands of Jobs Lost as Local Production Falls 12.7% While the European Market Grows 5.7%Premium

“Insolvencies in the sector do not show the full extent of the deterioration in the automotive industry, and we do not expect major insolvency proceedings to emerge across the sector. This means we risk even more if we look at the wrong indicator. The decline of the industry is reflected in the relocation of plants and the loss of jobs. Foreign companies can afford to close local facilities and move operations outside Romania. That is why the insolvencies that do emerge will not accurately indicate the severity of the difficulties facing the industry,” said Adrian Lotrean, CEO of INFINEXA. INFINEXA, a Romanian company specialising in corporate restructuring and financing for companies in distress, warns that Romania’s automotive industry has already...