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Martin Bartak and Michal Smrz should be indicted in Tatra case

January 17, 2013 | 02:24am CEToriginal
Former Czech Defence Minister is accused of accepting a bribe, the owner of armament company MPI Group of attempted fraud. Bringing a legal action...
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Auto Esa opened used car shop in Pardubice, first branch outside of Prague

January 16, 2013 | 03:24am CEToriginal
Location and parameters of the branch, another used car shops in 2013, projected double-digit growth of sales in 2013, competitors in the region...
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Renault intends to cancel 7,500 jobs in France by 2016

January 16, 2013 | 03:16am CEToriginal
This corresponds to about 14% of the labour force of the carmaker in the country. Presumably, it is a threat to trade unions to adopt a new collective agreement...
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Jaguar Land Rover to create 800 new jobs in UK

January 16, 2013 | 03:09am CEToriginal
This will happen in a factory producing Discovery and Defender models. Strong demand from China and other markets, sales in 2012...
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Marchionne: Fiat and Chrysler to eventually merge into single company

January 16, 2013 | 03:00am CEToriginal
The connection between the two companies will not prevent listing Chrysler’s shares on the stock market, which is urged by minority shareholders. Planned sales of Fiat and Chrysler in 2013...
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Emil Frey made several changes in two branches in Czech Rep

January 15, 2013 | 01:29am CEToriginal
The company added one brand, shifted another one, and one brand was expanded to another location. Brands, locations of showrooms, new web sites...
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3M developed technology for even distribution of light from LED lamps

January 15, 2013 | 01:18am CEToriginal
ULL technology reduces the number of LEDs. The tool for car individualization, the first application in the U.S., cooperation with European and Czech carmakers...
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One court in USA refused to deal with hedge funds lawsuit against Porsche SE

January 15, 2013 | 01:06am CEToriginal
Other actions were filed in the courts of other U.S. states though. The lawsuits relate to misleading investors in the planned takeover of Volkswagen...
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Domansky opened fifth branch in Prague, the largest Peugeot showroom in Czech Rep

January 14, 2013 | 03:03am CEToriginal
Location, amount of investment, a giant showroom for up to 23 cars, 27th Blue Box showroom in the country, 15th dealership involved in the Peugeot Approved Cars program...
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Honda to cancel 800 jobs in UK due to weak demand in Europe

January 14, 2013 | 02:52am CEToriginal
Anyway, the factory in Swindon took on 500 people in 2012. Timing, production in 2012, factory utilization, prepared Civic Tourer...
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Chinese state fund CIC reportedly negotiates stake purchase in Daimler

January 14, 2013 | 02:21am CEToriginal
The companies declined to comment on it. Size of the share, the profile of CIC and its other investments in Europe, the current largest shareholder of Daimler...
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GM: Opel is not for sale, to return to profit through model offensive

January 11, 2013 | 03:22am CEToriginal
Other plants will not be closed. The company’s five-year plan, the outlook for the European market in 2013, the number of orders for the Adam, the new Cascada convertible...
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Generali to buy PPF shares in insurers Ceska pojistovna and Ingosstrakh

January 11, 2013 | 03:05am CEToriginal
Transaction value, timing, dividends of Generali to PPF Holding, return on investment of Petr Kellner...
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Cebia and BMW intend to expand cooperation in Europe

January 10, 2013 | 03:26am CEToriginal
While the current cooperation relates to new cars in CEE, there are negotiations on used cars taking place...
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Ludek Santora left SkoFIN after year

January 10, 2013 | 03:16am CEToriginal
Under his operation, the company increased sales in 2012. New Sales and Marketing Director is now being selected...
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Anthony Denny suspended sale of his stake in AAA Auto

January 9, 2013 | 03:50am CEToriginal
The reasons for the decision, horizon of the suspension of the sales process, the present Denny’s share in the company, the price of the shares, the current value of the company...
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DuPont to sell car paint unit to Carlyle

January 9, 2013 | 03:24am CEToriginal
The transaction value, size of the DuPont Performance Coatings division, Dupont's focus on agriculture and nutrition, streghtening of the Carlyle Group in the automobile industry...
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GM reportedly not against sale of Opel to PSA

January 9, 2013 | 01:01am CEToriginal
Even the French government pushes PSA Peugeot Citroen to take Opel over. Ambiguity in acquisition financing...
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3M: New innovation centre in Prague to bring us new business, not only from Czech Rep

January 8, 2013 | 03:30am CEToriginal
Major trends in Automotive, innovative products for interior, exterior and drive, development and testing, Czech clients...
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Kovarna Viva won new contracts, to expand production in Zlin

January 8, 2013 | 03:12am CEToriginal
The fourth hall, new lines, growth in sales and productivity, HR, demanded positions, clients from the manufacturers of components and vehicles not only from Germany...
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Hyundai wants to produce 300,000 cars in Czech Rep again in 2013

January 8, 2013 | 03:08am CEToriginal
In 2012, production exceeded the company’s plan by 1%. The setout of production between individual models of i30, ix20 and ix35...
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Nippon Kayaku wants to expand production in Czech Rep

January 7, 2013 | 12:32am CEToriginal
Location, products, reasons for investment in the Safety Systems division, a fourfold increase in production, HR, R&D, a merger of Czech subsidiaries...
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AAA Auto's sales up by 14.6% in 2012, further growth expected in 2013

January 7, 2013 | 12:12am CEToriginal
Sales increased in Russia the most, followed by Slovakia and the Czech Republic. Fulfilment of the plan, growth factors, results in Q4, finance penetration, upcoming branches...
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A. Charouz Motors wants to futher expand Cadillac brand in Europe

January 4, 2013 | 02:13am CEToriginal
The only direct-dealer in Central Europe, sub dealers in the Czech Republic, Slovakia and Croatia, the situation in CEE, plans for the whole Europe...
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Car sales in Hungary increased by 18% in 2012, in December even by 55%

January 4, 2013 | 01:36am CEToriginal
Hungarian market leader was Opel, which benefited from the modernization of the fleet of local police. Sales volume is still below pre-crisis levels...
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