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Component manufacturers

Borgers began enrolling staff in Czech Rep thanks to new contracts

July 24, 2009 | 03:38pm CEToriginal
It plans to enrol 70 workers during August and it does not exclude further recruitment through participation in tenders. Q3 will be in comparison with Q2 weaker, for the whole year 2010 the company estimates...
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Brano fined for violation of working directions

July 24, 2009 | 01:40pm CEToriginal
Employment discrimination was not confirmed during the inspection though. The company has appealed against the fine...
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General Motors to negotiate on Opel with Magna and RHJ only

July 24, 2009 | 10:10am CEToriginal
The Chinese company Beijing Automotive Industries Corp. (BAIC), which also proposed the final bid, is thus out of the game...
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Bosch Diesel to extend four-day working week in Jihlava until March 2010

July 23, 2009 | 11:47am CEToriginal
At the same time, the company will not be dismissing collectively for this period. Within voluntary departures until the end of August, the company offers…
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German government and GM have not agreed on Opel’s future yet

July 23, 2009 | 10:29am CEToriginal
Wednesday’s meeting did not bring any result. Each party prefers a different applicant. The government incline towards Magna and Sberbank’s offer while GM…
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Tiberina bought from bankrupt automotive supplier Wagon its Czech plant in Bela

July 22, 2009 | 09:01pm CEToriginal
The plant in Bela, supplying the Czech and European carmakers, has at the same time changed its name to Tiberina Automotive Bela. The transaction value reached...
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Automotive supplier Continental returned to profit in Q2

July 21, 2009 | 04:43pm CEToriginal
The company reported an operating profit of EUR 38.8 million after a loss of EUR 165 million in Q1. The results were supported by...
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General Motors has three final bids for Opel's purchase, to be reviewed now

July 21, 2009 | 11:19am CEToriginal
The bids have been proposed by Magna/Sberbank, RHJ and BAIC. Magna and Sberbank newly require Opel's intangible rights and have also increased the bid...
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RHJ International offers EUR 275 million for Opel’s half

July 19, 2009 | 10:22pm CEToriginal
RHJ’s offer assumes that Opel will produce less, so that the number of employees will fall. It should leave the company up to...
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RHJ progressed in Opel negotiations, Magna remaining the favourite

July 14, 2009 | 03:48pm CEToriginal
Investment company RHJ similarly to the Chinese BAIC submitted a detailed offer asking less government guarantees and releasing fewer employees...
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Russia provided high state guarantee to carmaker GAZ

July 11, 2009 | 02:38pm CEToriginal
The indebted carmaker GAZ is a part of a syndicate which Opel intends to take over. Russia has already supported other local companies...
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BAIC submitted attractive bid for Opel, agreement with Magna close to completion though

July 9, 2009 | 02:44pm CEToriginal
Compared to Magna, BAIC would dismiss less employees in Europe, ask for a lesser loan and invest in production of Opel cars in...
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Lear declared bankruptcy

July 7, 2009 | 05:55pm CEToriginal
The company within the reorganization intends to convert its debts of USD 3.6 billion to a combination of new debts, convertible shares and...
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Chinese company BAIC also fighting for Opel besides RHJ

July 5, 2009 | 05:03pm CEToriginal
RHJ and BAIC submitted preliminary bids for Opel share and are still negotiating with GM. Binding offer...
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Lear about to proclaim bankruptcy

July 2, 2009 | 07:14pm CEToriginal
Reorganization of the company will be supported by its creditors and bondholders. For financing its bankruptcy they will provide an amount...
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Head of Sberbank: Other candidates for Opel are out

July 2, 2009 | 06:59pm CEToriginal
The Chinese carmaker BAIC, the Belgian investment company RHJ and the Italian carmaker Fiat are among the interested persons in Opel purchase. BAIC should in the coming days...
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General Motors apparently close to agreement on Opel sale to Belgian company RHJ International

July 1, 2009 | 02:29pm CEToriginal
RHJ International has enhanced its offer. According to sources, the preliminary agreement might be signed...
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Sberbank could withdraw from transaction with Opel

June 29, 2009 | 09:18pm CEToriginal
For GM is constantly changing conditions; a possibility of reverse stock buyout is not up-to-date anymore. There are reportedly no other clients concerned in Opel…
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Michelin might cancel up to 3,500 jobs in France by 2011

June 26, 2009 | 06:37pm CEToriginal
The company has previously announced a plan for 700 jobs cancellation within the Toul plant closure. Through voluntary redundancies of its employees it intends...
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Horst Koulen leaves Czech Rep, importer license and number of dealers for sale

June 25, 2009 | 11:33pm CEToriginal
The reason is probably the loss of BMW importer license. AuTec Group has already changed its owner, it was bought by...
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Mann+Hummel coming with new switching second turbocharger valve

June 25, 2009 | 07:10pm CEToriginal
It is used in Jaguar XF for the first time. In the future, Mann+Hummel aim to produce air filling valves also from non-metallic materials...
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PwC: Tire manufacturers’ revenues fell by about 25% this year, recovery to come in 2011

June 25, 2009 | 05:52pm CEToriginal
Barum Continental felt a drop in demand for passenger tires by 10% and by 25% at truck tires this year. The situation should improve in Q3 after the start of deliveries for...
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General Motors supposedly require Opel redemption option

June 24, 2009 | 09:15pm CEToriginal
According to the main candidate Magna, the purchase is in the existence of such an option absolutely impossible. The other GM’s conditions are...
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IAC Group to buy nine plants of bankrupt German automotive supplier Stankiewicz

June 24, 2009 | 08:36pm CEToriginal
These are plants in Germany, Belgium, Poland and the Czech Republic, where IAC will take over the manufacturer of acoustically insulating components for cars...
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Car starter manufacturer Magneton being bankrupt

June 23, 2009 | 09:45pm CEToriginal
The company, which mainly supplies the automotive industry, faced the economic crisis and had to dismiss several hundreds of employees...
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