Tăriceanu exits Citroën business
Călin Popescu Tăriceanu has completely given up sale of the Citroën brand, nearly 20 years after bringing the French brand to Romania, which propelled the former Romanian prime minister into the forefront of the Romanian auto industry.
ATS recorded its best results in 2006, when the company posted nearly 55 million euros in turnover and recorded an almost 3 million-euro net profit, and sold over 3,500 cars as an importer.
The biggest exits in the auto market in the last few years came from Ion Ţiriac, who last year handed over imports of the Ford brand to the imports division of Ford Romania, a company that holds the car plant in Craiova, and at the end of 2009 sold the 49% stake in Mercedes-Benz Romania to Daimler AG. In both cases, however, Ţiriac remained dealer of the two brands through ŢiriacAuto retail chain.