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Macht: Porsche might move to annual sales of 150,000 cars under the wings of Volkswagen

August 23, 2009 | 05:28pm CEToriginal
However, the carmaker expects car sales fall by up to 30% in the just-finished financial year 2008/2009, therefore to the value of...
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Automotive Lighting to sign up over 100 people in Jihlava due to growing orders

August 21, 2009 | 07:17pm CEToriginal
The company, which is a part of the concern Fiat, dismissed a third of its employees due to crisis. It is signing them up again due to higher demand from carmakers...
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Tax benefits steeply increased demand for new cars in Greece

August 21, 2009 | 06:43pm CEToriginal
Sales of new cars went up by 45% in the first half of August. However, on the used car market…
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Chrysler plans to produce cars of Italian partner Fiat in North America

August 21, 2009 | 10:53am CEToriginal
The first model should be Fiat 500, which Chrysler wants to produce in Mexico. Chrysler considers which other Fiat models should launch the US market...
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Toyota wants to cease production in joint plant with GM in California

August 21, 2009 | 10:26am CEToriginal
A final decision has not been taken yet reputedly; California is trying to persuade Toyota not to shut down the loss-making plant employing 4,500 people. Toyota considers closing the plant in...
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Hyundai to initiate two-shift operation in Nosovice on September 7

August 20, 2009 | 11:22am CEToriginal
The reason is a planned initiation of serial production of B-segment MPV, which was named Kia Venga. Launching the model on market and its price…
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Russia to extend 30% import duty on new cars probably

August 20, 2009 | 10:12am CEToriginal
The measure has had positive impact on Russian automotive segment, according to the government. A decision on extending the duty even after September 1 should be taken…
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US carmaker Ford increases production due to scrappage scheme

August 20, 2009 | 09:51am CEToriginal
The company has increased production plan for Q3 by 10,000 cars to 495,000 cars. Its production should thus raise by 18% y/y. In Q4, Ford expects an increase in production by…
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Russia plans on scrap bonus introduction

August 20, 2009 | 09:29am CEToriginal
The system of scrap bonuses could be initiated in January 2010. In exchange for a car minimally 10 years old the government should offer a bonus…
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Smaller Russian carmaker IzhAvto proclaimed bankruptcy

August 20, 2009 | 08:34am CEToriginal
Roughly 2,000 employees have already agreed to leave the company in exchange for compensation money. The company produces for the carmaker AvtoVAZ but also for…
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SaarGummi to invest CZK 100 million in new technology in Czech Rep

August 19, 2009 | 09:22pm CEToriginal
Along with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…
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Koenigsegg agreed with GM to purchase carmaker Saab

August 19, 2009 | 10:43am CEToriginal
Koenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…
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Profit of South Korean carmaker Kia grows faster than of its controlling company Hyundai

August 18, 2009 | 07:49pm CEToriginal
The company’s revenues went up by 11.5% in Q2, its profit quadrupled. During all this year, Kia intends to increase sales to…
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Audi to initiate production in its second plant in China in September

August 18, 2009 | 03:23pm CEToriginal
In the plant, which the carmaker built together with its Chinese partner FAW Group, Audi will be producing the models A4L and Q5. Audi’s production capacity in China will thus grow to…
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Producers of ethanol in US ask for selling cars using biofuel E85 only on market

August 18, 2009 | 01:41pm CEToriginal
They argue that they are environmentally friendly and would create new work places as well. Producers of biofuels also struggle for…
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Money for scrappage scheme in Germany to be spent during three weeks

August 18, 2009 | 12:18pm CEToriginal
The earmarked assets will be enough for paying 183,736 bonuses only. Nevertheless, number of applications is growing daily…
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New car sale slump in Russia accelerated to 58% in July

August 18, 2009 | 11:28am CEToriginal
The Russian government seeks to encourage demand, for example, by subsidizing low-cost car loans, but according to traders...
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Czech plant of Olho-Technik enrolled 50 people thanks to scrap bonus in Germany this year

August 17, 2009 | 11:23pm CEToriginal
The company enrols new workers only for a specified period. Although the Czech plant is expecting slump at the end of the year, it intends to enrol next...
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Saab sale to group of investors around Koenigsegg getting complicated

August 17, 2009 | 06:29pm CEToriginal
One of the investors has according to the Swedish press withdrawn his previous interest. Moreover, the Koenigsegg Group...
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Toyota plans to increase production by 3% to 6.5 million cars

August 17, 2009 | 05:14pm CEToriginal
It is caused by government measures for the car sales support around the world. The carmaker has already improved annual sales estimate...
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Qatar to purchase 10% of holding Porsche SE and options on stock of Volkswagen

August 16, 2009 | 06:17pm CEToriginal
The Qatari state-owned company Qatar Holding will invest in the whole transaction…
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General Motors has not chosen any buyer for Opel so far

August 16, 2009 | 05:50pm CEToriginal
Magna submitted a new offer on Thursday which GM is going to compare with an “attractive” proposal presented by RHJ. At the same time, GM denied Thursday’s statement of Magna’s CEO…
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German car wrecks fit for scrapping not conveyed to Czech Rep

August 14, 2009 | 12:40pm CEToriginal
However, they end in other countries of Central and Eastern Europe. German criminologist investigation leads to Romania, Bulgaria, Russia, but also to...
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Supervisory Boards of Volkswagen and Porsche approved companies’ merger

August 14, 2009 | 11:28am CEToriginal
Volkswagen CEO Martin Winterkorn became a new Porsche head yesterday and he should also be in the lead of the merged group. The merger should be completed in...
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Sales of passenger cars in China up by 70.5% in July

August 14, 2009 | 10:42am CEToriginal
The overall sales of cars including trucks and buses went up by 64%. Demand for new cars was boosted by tax lowering and government support…
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