Ion Ţiriac, Gheorghe Dolofan and Michael Schmidt, the lastRomanians to hold companies with several tens or hundreds ofmillions of euros in turnover on the Romanian auto market, soldnearly 16,800 cars last year, with nearly one in six cars sold onthe Romanian market originating from one of the threebusinessmen.
The volume of sales is down to nearly half of the 2009 level,both amid a 20% decline of the car market and as a result of FordRomania sales being taken over in August by Ford.
The cumulated business of the imports division of Ţiriac Holdings,Trust Motors and Grupul Automobile Bavaria amounted to nearly 332million euros last year, down by nearly a third against theprevious year, according to a ZF analysis.
The only business of the three that recorded a sales increase wasthe one controlled by Michael Schmidt, who in 1994 brought BMW toRomania, with the Automobile Bavaria group recording a nearly 23%increase in car sales, and a cumulated turnover of nearly 150million euros on the segment of MAN trucks, according to ZFcalculations, from 130 million euros a year before.
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