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Operating Sphere

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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CLFA: Movable asset leasing down by 54.2% in H1, consumer lending by 22%

August 20, 2009 | 08:54am CEToriginal
The number of concluded contracts fell more steeply so an average price of a financed item went up. Specifically, within particular means of financing…
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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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Sales of carmaker Volkswagen went up for the third time in sequence in July

August 18, 2009 | 10:27pm CEToriginal
The concern turned profit from strong demand in Germany and China mainly; sales in Europe decreased. Its subsidiary Skoda Auto…
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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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Hyundai scrap bonus availed by 300 customers during two weeks

August 18, 2009 | 02:43pm CEToriginal
Moreover, the carmaker has increased the quota of stock cars during the offer. Hyundai had all cars without exception ecologically scrapped…
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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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CCS: Fuel went up by dozens of hellers last week

August 17, 2009 | 07:30pm CEToriginal
Natural 95 increased the price by 61 hellers, the price of diesel went up by 42 hellers. The sharp price rise should according to analysts stop this week...
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Cars sold on Czech market increased prices for the first time this year

August 17, 2009 | 07:10pm CEToriginal
Prices of new as well as used cars increased m/m in July. Motorcycles became slightly cheaper, service works and spare parts...
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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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Car sales in India increased by 31% in July

August 17, 2009 | 05:36pm CEToriginal
According to analysts, the car sales will continue to grow, mainly thanks to new models and better credit access. Another help should be...
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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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Ford extended line of special offers until September 30 and added several new ones

August 14, 2009 | 02:25pm CEToriginal
The initial offer has been set up for the facelifted models Transit Connect and Tourneo Connect, the carmaker introduced a new design line Fusion Calero and…
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Wittig: Sales of Volkswagen to decrease by 5% this year

August 14, 2009 | 01:57pm CEToriginal
The carmaker has thus improved its estimation of sales for this year when it expected a fall by…
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