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Automakers

Diess: BMW and Daimler can buy up to 10% of all components together without harming the brands

August 4, 2009 | 01:17pm CEToriginal
Those can be automatic system, wheels or tyres. By the year 2012, BMW wants to lower purchasing costs by…
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Ford suspended sales of Swedish passenger car producer Volvo Car

August 4, 2009 | 12:30pm CEToriginal
The US carmaker is awaiting a result of the battle for Opel. The situation could be clearer after today’s meeting of the German government with GM’s representatives…
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Suzuki’s operating profit dropped by 80% in Q2 along with downturn of revenues by 37%

August 4, 2009 | 11:13am CEToriginal
Sales went down by 12% to 541,000 cars. However, the company partially succeeded in offsetting a steep fall of demand on developed markets by increasing sales in…
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Carmakers Renault, Mazda and Mitsubishi posting a loss this year

August 3, 2009 | 12:49pm CEToriginal
Renault expects global car market to decline by 12%; a previous prognosis was 15%. In H2, the company intends to increase production by…
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Ceska posta considers putting CNG drive into its car fleet

August 3, 2009 | 11:39am CEToriginal
Nevertheless, it has now put up a purchase of 600 delivery trucks with diesel engines for a tender, which replaces the cancelled tender from autumn 2008...
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Sumitomo continues downturn in automotive production in Slovakia, this time in another division

August 2, 2009 | 11:23pm CEToriginal
After the planned closure of the SE Bordnetze plant in Nitra, SEWS Slovakia, manufacturer of wiring harnesses for cars, has now announced the second wave of release...
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Importer of Kia cars to Czech Rep has new president since July

August 2, 2009 | 10:43pm CEToriginal
Into the company Kia Motors Czech, H.L. Baik has come from the Korean headquarters, who replaced Kyung-Hyeon Kim after 4.5 years. That one left…
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Daimler posted loss of EUR 1.06 billion in Q2

August 2, 2009 | 10:04pm CEToriginal
The company’s management became worse by EUR 2.3 billion over the year along with a drop of revenues of 24.6 %. Compared to Q1, the carmaker lowered the loss by…
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Operating profit of carmakers Honda Motor and Nissan Motor fell by almost 90% in Q2

July 31, 2009 | 12:46pm CEToriginal
Both companies, however, kept themselves in black numbers. While Honda has improved the prognosis of profitability for the whole financial year, Nissan expects...
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Skoda Auto net profit declined by 61.7% in H1 at revenues drop by 19.7%

July 31, 2009 | 10:28am CEToriginal
The carmaker has been doing better than its competitors; its sales drop reached only 10.1% in H1. However, the world’s car market declined by...
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Production complex Alcoa Fujikura in Stribro is for sale for CZK 104 million

July 31, 2009 | 09:58am CEToriginal
At the end of July, 600 employees are leaving the company. Many of them have already found work, for example, in the manufacturer of decorative components for car interiors...
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GM vice-president: We can not accept conditions included in Magna offer

July 31, 2009 | 09:17am CEToriginal
Among the controversial points there are the intellectual property of Opel and GM’s activities conditions in Russia. In contrast, RHJ offer is...
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Volkswagen net profit fell by 83% in Q2, in whole H1 declined by 81%

July 30, 2009 | 10:40pm CEToriginal
Subsidiary carmaker Skoda Auto reported an operating profit of EUR 135 million in H1, which means the y/y fall by...
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PSA expects revival of European car market after 2010

July 30, 2009 | 06:08pm CEToriginal
The company posted a net loss of EUR 962 million in H1, which is a y/y downgrade of economic results by…
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Chevrolet dealer network in Czech Rep undergoing radical change

July 29, 2009 | 10:21pm CEToriginal
Four dealers added up in 2008, and one in 2009. The biggest changes go through the eastern Bohemia, where the dealer activities have been ended by companies...
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Micro-Vett initiated production of electric car Fiat 500

July 29, 2009 | 09:50pm CEToriginal
The Italian company has 15 orders for the model already. Micro-Vett plans on expanding its dealer network in Europe in the meantime; newly to the region CEE…
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Fiat to launch first models with LPG drive on Czech and Slovak market in autumn

July 29, 2009 | 09:25pm CEToriginal
At the same time, it will start to sell Ducato CNG on both markets. First Fiat is going to offer LPG models Grande Punto and Bravo, later also...
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Toyota sales declined by 26% to 3.56 million cars in H1

July 29, 2009 | 08:41pm CEToriginal
Toyota has therefore kept the market’s best position ahead of GM by about 10,000 cars. Toyota production plummeted by more than 40% in H1, decrease in June was lower...
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Magna improved bid for Opel purchase

July 29, 2009 | 08:11pm CEToriginal
Automotive supplier Magna is now offering EUR 350 million from its own resources and in convertible bonds...
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Toyoda Gosei resumed five-day work week in Klasterec after five months

July 29, 2009 | 04:30pm CEToriginal
The company dismissed 85 people due to the crisis at the end of the last year. At the beginning of the next year, the company expects a growth of sales and wants to increase the number of employees to…
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Flemish government provided guarantees for credit from EIB to Volvo Car for production of new models S60 and V30

July 29, 2009 | 03:46pm CEToriginal
At the same time, the government expressed worries over liquidating Opel’s plant in Antwerp, which is intended by Magna and RHJ, too. Belgium is said to have offered Opel for modernization of the plant…
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Total of 273 firms from automotive industry went bankrupt in Japan in H1

July 29, 2009 | 02:40pm CEToriginal
Mainly car dealers and distributors and automotive supplier are concerned. In a year-to-year comparison, that is a growth of bankruptcies by…
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The US Government plans to sell its share in carmakers GM and Chrysler as fast as possible

July 29, 2009 | 01:23pm CEToriginal
Now, the Government holds 61% of GM’s stock and 8% of Chrysler’s stock. The Government will offer the stock of the carmakers to investors probably in…
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Volvo car importer to Czech Rep closed retail sale

July 28, 2009 | 11:43pm CEToriginal
Volvo Auto Czech will continue to be engaged solely in the brand promotion on the market and in the dealer network. The showroom in Pruhonice has been sold to a new dealer…
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Car production in Poland increased by 28% in H1

July 28, 2009 | 04:41pm CEToriginal
The reason is scrap bonus introduced in many European countries. Fiat plant in Tychy will, therefore, significantly increase production in August and take...
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