Dacia cuts losses

Romanian carmaker Dacia has managed to cut losses last year, meeting the target set at the beginning of 2002. On the other hand, sales exceeded 57,700 cars, with 52,700 units sold on the local market, slightly more than initially estimated. “We have managed to attain and even slightly exceed our sales goal for this year and kept losses within the estimated limits,” Constantin Stroe, Automobile Dacia vice-president told Ziarul Financiar. Dacia officials cut losses to 56 million euros, down from the 77 million euros posted in 2001. ZF