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Operating Sphere+Region

Magna may excess up to 10,500 jobs at Opel plants in Europe, including 4,500 in Germany

September 20, 2009 | 04:47pm CEToriginal
Opel is then planning to invest EUR 170 million in Russia. However, it has been previously talked about a sum...
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New decree provides series of changes for motorists since mid-September, another in 2011

September 20, 2009 | 01:46pm CEToriginal
Vehicles under 3.5 tonnes may now have only a tire repair kit instead of a spare wheel. Passenger cars converted to light commercial vehicles...
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Louwman opened new Toyota showroom in Prague 13 - Zlicin

September 18, 2009 | 07:37pm CEToriginal
It is a second Toyota showroom of the company Louwman in the Czech Republic, the other one is in Usti nad Labem. Part of the new showroom is also a used car centre and...
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State holding Russian Technologies might include Opel share of Sberbank

September 18, 2009 | 07:16pm CEToriginal
Furthermore, there should be state-owned shares in the Russian carmakers AvoVAZ and Kamaz. AvtoVAZ will release 5% of employees, from mid-December, however...
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CKP: Number and amount of damages in mandatory liability increased by 5% in H1

September 18, 2009 | 06:40pm CEToriginal
From January to August, Kooperativa has reported a total of 115,000 claims from motor vehicles insurance, which represents in the y/y comparison...
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Volkswagen plans to invest EUR 4 billion in China by 2011, mainly to production capacities’ increase

September 18, 2009 | 01:47pm CEToriginal
It is therefore trying to keep up with the rapid growth of the local market. Volkswagen will be probably able to double sales in China earlier than in...
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FRANKFURT: Plug-in hybrid manufacturer Fisker to enter Czech Rep in autumn, and Slovakia soon

September 17, 2009 | 11:51pm CEToriginal
The official representation will be announced in the second half of October. Czech partner of the new American carmaker will be...
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Avia plans to enter light commercial vehicles’ segment weighing from 1.5 to 6 tons

September 17, 2009 | 11:15pm CEToriginal
It is now manufacturing trucks from 6 to 12 tons. Although the economic crisis is now putting the intention off, Avia seeks a partner for this project...
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Srba Servis became authorized Seat dealer

September 17, 2009 | 10:47pm CEToriginal
The company has extended its portfolio of offered brands including Saab, Opel, Chevrolet, Fiat, Alfa Romeo and Volvo. New Seat showroom has been opened by Srba Servis in...
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SAP: Revenues of carmakers and suppliers to decrease by 5% to 10% in Czech Rep in 2009

September 17, 2009 | 05:36pm CEToriginal
Companies in the automotive industry have released 15% of employees for the last year’s time. They are now calling for the scrap bonus introduction, which might be even on commercial vehicles…
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Hyundai/Kia to enrol more staff than originally planned in Korea in H2

September 17, 2009 | 04:03pm CEToriginal
It will be 3,300 people, which is compared to the original plans by one-third more. Most of the new employees should work on research and development...
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Chrysler ended alliance with Hyundai and Mitsubishi for engines’ production in USA

September 17, 2009 | 02:43pm CEToriginal
US carmaker has therefore cancelled another partnership after the Italian carmaker Fiat has acquired its 20% stake. Carmakers Hyundai and Mitsubishi sold their shares...
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Sales of passenger cars and light commercial vehicles in Slovakia rose by 5% in August

September 17, 2009 | 12:29pm CEToriginal
For the first eight months, sales rose by 3.5% y/y. Brands performing the best were...
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Cooperation of Credium and Fiat Group in car financing field spread to Slovakia

September 16, 2009 | 10:33pm CEToriginal
The exclusive cooperation has been running in the Czech Republic since 2007. Financing of vehicles Fiat, Alfa Romeo and Lancia is successful on the Czech market; penetration reaches...
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CCS: Fuel prices continue decreasing fourth week in row already in Czech Rep

September 15, 2009 | 11:33am CEToriginal
Natural 95 reduced the price by an average of 22 hellers, diesel by 18 hellers last week. Fuel became slightly cheaper in Slovakia as well. This week it is being expected...
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Frankfurt Motor Show to offer 82 world’s premieres from September 17 to September 27

September 15, 2009 | 10:59am CEToriginal
The largest autumn’s motor show will offer exposures of 753 exhibitors, including 62 carmakers from 30 countries. The event will focus on...
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AuTec gradually transforming to Invelt, Pavel Bastar took leading in August

September 14, 2009 | 10:18pm CEToriginal
The company has already ceased the sale of Nissan cars and closed a BMW showroom in Letna, Prague 7. Rebranding will be completed in...
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Skoda prepares new car, placing among models Fabia and Octavia

September 14, 2009 | 09:52pm CEToriginal
At the same time, this newcomer should replace Octavia Tour, whose production is about to expire at the end of 2010. The new car will be manufactured in...
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New Louwman’s Lexus centre in Prague is temporary solution, company to build showroom from scratch

September 14, 2009 | 09:26pm CEToriginal
The current showroom in Prague 5 - Smichov is an adaptation of the existing building and its capacity would not be suitable in future. Louwman is now choosing...
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Hyundai prepares expansion of transmission production in Nosovice

September 14, 2009 | 07:35pm CEToriginal
The second hall of the transmission operation will have the same capacity as the existing one. This action will require a large part of the planned investment for the next two years...
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Mini Coupe and one other model to be produced in UK, SUV called Mini Cross coming to market from Austria

September 14, 2009 | 07:06pm CEToriginal
Previously, there were speculations concerning other names for the new SUV, such as Colorado, Monte or Crossman. Mini Coupe and Mini Cross will get engine…
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Management of leasing company SkoFIN slimmed in summer

September 14, 2009 | 06:17pm CEToriginal
Stefan Rasche and Jirina Tapsikova, who took over competences of Oliver Schmitt, have remained in the company’s management. Schmitt left abroad to the company...
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Mann+Hummel expects further expansion of its plant in Czech Rep

September 14, 2009 | 05:50pm CEToriginal
Constantly strengthening aftermarket and original spare parts segment as well as new orders from carmakers will quickly fill the production capacity of plant...
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Credium became next partner in field of Kia dealer network wholesale financing in Czech Rep

September 14, 2009 | 04:56pm CEToriginal
The company has already won the first client, namely one Central-Bohemian dealer. In the near future, Credium will start cooperation with...
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Lexus began to offer branded financing of its cars in Czech Rep

September 14, 2009 | 02:17pm CEToriginal
Under the trade mark Lexus Financial Services, there are being offered all the traditional products. Financing will be ensured the company...
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