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Tatra to move to full production from April again, to engage most of formerly redundant employees

March 28, 2010 | 11:15pm CEToriginal
Shareholders of the company decided to pledge company to credit banks, which demanded greater guarantees...
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Volkswagen so far managed to provide finance for new acquisitions to become world's largest carmaker

March 28, 2010 | 10:57pm CEToriginal
The current cash of the company, the value of planned acquisitions, raising capital by issue of new shares...
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Toyota Motor plans production shutdown in Europe in April, May and June

March 28, 2010 | 10:48pm CEToriginal
The carmaker has been forced to do so due to weak demand caused by the scandal with car problems. The shutdowns are related to plants in France and Britain...
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Saab has resumed production in Sweden after seven weeks

March 28, 2010 | 10:38pm CEToriginal
At the same time, the carmaker started producing all-new 9-5 Sedan. Other models produced in Sweden and Mexico...
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TPCA not yet agreed with trade unions on new collective agreement

March 26, 2010 | 02:35am CEToriginal
The existing one expires at the end of March. Details of the negotiations and the expected number of employees and their wages in 2010...
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Skoda Auto still proposes wage growth in two phases

March 26, 2010 | 02:23am CEToriginal
Unions want a one-time increase, a higher bid or the inflation clause. The carmaker argues due to low profit in 2009 and the need for new investments...
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Financial Times, Nikkei: Daimler is close to agreement on partnership with Renault, but also with Nissan

March 26, 2010 | 01:49am CEToriginal
This will include the exchange of minority shares. Scope of cooperation, the amount of shares, the expected publication of cooperation...
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Fiat to possibly dismiss 5,000 people in Italian plants, to reduce number of models from 12 to 8 and increase production in Italy by 50%

March 25, 2010 | 12:58am CEToriginal
The situation in individual plants Termini Imerese in Sicily, Cassino, Mirafori in Turin and Pomigliano; department of the automobile division...
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TPCA increased revenues by 5.8% along with output growth by 2.5% in 2009, profits stagnated

March 24, 2010 | 11:50pm CEToriginal
Last year, wages rose slightly as well as the number of employees. Scrap bonuses shuffled the order of the largest export markets. Development in 2010...
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Spyker: Saab negotiating technology sharing with potential partners

March 24, 2010 | 11:29pm CEToriginal
Saab will have to sell more than 100,000 cars a year to achieve a balanced economy. It intends to return to profit in 2012 and at that time to produce...
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Halfords leaving Czech Rep and Poland after three years, focusing on domestic market

March 23, 2010 | 10:32pm CEToriginal
The reason is unprofitability in Central Europe. Anyway, Halfords has opened its second establishment in Plzen still in December 2009...
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Auto-Exner became exclusive partner of Bugatti for Central and Eastern Europe

March 23, 2010 | 10:25pm CEToriginal
The company is now taking care of five Bugatti cars’ owners from the Czech Republic, Slovakia and Poland. The demonstration drive and sale will be arranged directly with the carmaker...
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USA sued Daimler on suspicion of long-term bribery affair

March 23, 2010 | 10:19pm CEToriginal
Daimler is said to pay about USD 185 million as compensation. The German carmaker allegedly paid bribes to bid for contracts in Europe...
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Nissan reputedly intends to increase production by 17% in financial year 2010/2011

March 23, 2010 | 10:04pm CEToriginal
The increase should be helped by a little car Micra next generation, but also by the growing Russian production this year as well as next year...
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Honda narrowed top management in Czech Rep and Slovakia, cancelling CEO post

March 23, 2010 | 09:56pm CEToriginal
Jiri Minovsky has been promoted to the presidential post, former president Toshiaki Nishide will return to headquarters to a post of...
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Skoda Auto to restore Friday’s production of Fabia from April as expected

March 23, 2010 | 09:45pm CEToriginal
However, the production will continue in two shifts. Some staff movements from less busy workplaces will be retained...
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Skoda Auto's net profit fell by 68% in 2009 at revenues decline by 6.2%

March 22, 2010 | 11:21pm CEToriginal
Sales on individual markets, the interest in individual models, the effects on the financial result, investments...
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Volkswagen to increase wages by 3% in Slovakia and to pay one-time bonus in May

March 22, 2010 | 10:54pm CEToriginal
The company Volkswagen Slovakia and unions had come to an agreement, and subsequently, the unions ended a strike alert. The current average wage...
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Skoda Auto chose member of board for production and logistics after a year

March 22, 2010 | 12:59am CEToriginal
Successor to Horst Muhl will become Michael Oeljeklaus, who has worked at Volkswagen in China. However, he will take up the new post in August…
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Vectra Group: Manufacturer of electric cars Reva wants to build plant in Slovakia

March 22, 2010 | 12:26am CEToriginal
The amount of the planned investment, location, production capacity, number of jobs, opening of construction of the plant...
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Skoda Auto increased offer for wage increase and proposed shorter length of new collective agreement, unions again rejected it

March 21, 2010 | 11:53pm CEToriginal
However, both parties aim to reach an agreement, and therefore the next round of talks will take place next week instead of the originally planned date...
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PSA to stop production in Slovakia for 13 days, to use shutdown for staff training

March 21, 2010 | 11:42pm CEToriginal
The plant in Trnava will cease production for one in April and for six days in both May and June. The shutdown will affect…
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Skoda Auto: Holger Kintscher to be replaced by Winfried Krause in board from April

March 21, 2010 | 10:51pm CEToriginal
Krause has been responsible for controlling at the Volkswagen Group so far. Current Skoda Auto CFO Kintscher will become...
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Kia Motors to build new plant producing engines in Slovakia

March 18, 2010 | 11:57pm CEToriginal
Engines from the new hall will be used for Hyundai’s plant in the Czech Republic. The investment, production capacity, the number of new jobs...
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First draft of Skoda Auto for wage increase rejected by unions, negotiations continue

March 18, 2010 | 11:44pm CEToriginal
The carmaker proposed to increase tariff wages from May and November by 1% each time. Unions also do not like timing of the proposal...
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