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Component manufacturers

Tyco Electronics moving part of automotive production from Western Europe to cheaper locations

June 22, 2009 | 10:12pm CEToriginal
Some production is moving to the Czech Republic, other to a new factory in Ukraine, which began operation...
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Chinese carmaker BAIC to struggle with Magna for Opel

June 19, 2009 | 07:30pm CEToriginal
BAIC has acquired an approval to look into the German carmaker's accounting. A part of the alliance of Magna and Opel might also become the carmaker...
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Michelin to cancel 1,100 workplaces; company will thus dismiss 1% of all employees

June 18, 2009 | 11:28am CEToriginal
At the same time the company would like to employ 500 new people by 2012 and to invest in its research centre...
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Bosch expects downturn of revenues for automotive components by about 20% due to crisis

June 16, 2009 | 06:33pm CEToriginal
The decline in automotive division was 7% last year. Over this year the group expects the first consolidated loss...
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Michelin is said to close 1,500 work places, company denies it meanwhile

June 16, 2009 | 06:01pm CEToriginal
The dismissals should be part of the company's measures against the global decline of demand for tyres...
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Former member of General Motors executives Bo Andersson to lead Russian carmaker GAZ

June 16, 2009 | 10:35am CEToriginal
Andersson unexpectedly decided to leave GM last week, not giving any reasons. GAZ yet appears in planned Magna’s entry into the carmaker Opel...
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Sumitomo Corporation continues in damping automotive activities in Central Europe

June 15, 2009 | 08:27pm CEToriginal
SE Bordnetze, a producer of cable harnesses for cars, will reportedly cease production in Slovakia. The company has though denied that. Conversely, it prepares…
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Mann+Hummel coming with new module of diesel fuel filter

June 15, 2009 | 02:04pm CEToriginal
Components of the filter are suitable for all sorts of fuel quality. For the first time, the new system of fuel filtering will be used in a PSA/Ford diesel engine...
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Hradek-based Trelleborg acquired new orders from VW Group and BMW Group

June 12, 2009 | 02:52pm CEToriginal
The company is going to hire 60 new employees; it employs about 360 people. The company has acquired new orders for cars…
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Magna reputedly aims to cancel 11,600 jobs in Europe

June 11, 2009 | 06:41pm CEToriginal
It has been counted with the abolition of only about 10,000 jobs so far, including 2,500 in Germany. The German government is still in contact with other candidates...
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Chrysler and Fiat founded alliance, US court rejected appeal of objectors to transaction

June 11, 2009 | 10:25am CEToriginal
Fiat will acquire a 20% share in a new company entitled Chrysler Group LLC. For the share the carmaker will provide Chrysler...
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BRNO: Juricek: About 40 Czech automotive suppliers have claims of CZK 1 to 2 billion at GM

June 9, 2009 | 07:23pm CEToriginal
Many component manufacturers supply directly to the GM in the USA. The problem with the insolvency is not applying to Opel. Specifically, Brano Group has claims at GM for...
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Opel's dealers want to help their own carmaker

June 9, 2009 | 02:17pm CEToriginal
They offer a bail out amounting to EUR 500 million in exchange for a share in Opel. The proposition is supported by dealers from 24 European countries including the Czech Republic and Slovakia...
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BRNO: Czech automotive industry showed out gross profit over CZK 27 billion in 2008

June 8, 2009 | 05:20pm CEToriginal
A half falls to Skoda Auto. The largest Czech carmaker has not appeared between the five awarded in the contest Company of the year 2008 this year though…
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BRNO: Carmakers and government want to initiate scrappage scheme in Czech Rep at turn of year, suppliers as soon as possible

June 8, 2009 | 01:44pm CEToriginal
For the Czech automotive suppliers lose orders from abroad. Automotive industry though calls for the scrap bonus only, not asking for any direct financial help...
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Continental to cancel 2,600 jobs in car parts division due to crisis

June 7, 2009 | 02:12pm CEToriginal
More than 600 Continental employees will lose job only in the south German city Regensburg. By 2010, Continental will cancel in this division...
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Sberbank to buy General Motors factory in St. Petersburg

June 6, 2009 | 07:56pm CEToriginal
The bank will, together with Magna, provide Opel a loan of EUR 500 million under the restructuring. They intend to get the German carmaker into profit by...
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Automotive Lighting to reinforce development in Jihlava

June 4, 2009 | 11:30am CEToriginal
That goes along with the planned extension of production capacity. Number of the current 60 developers should be increased by 2011…
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Czech Coal to suspend supplies of electricity to automotive supplier Magneton

June 3, 2009 | 07:09pm CEToriginal
Magneton owes to its energy supplier more than CZK 2 million. Both companies will try to agree; otherwise the Czech Coal interrupts supplies from...
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New orders from Volkswagen and Skoda filled production capacity of Czech plant of SaarGummi

June 2, 2009 | 06:36pm CEToriginal
The company is now investing in a new production technology in order to start delivering prototypes of sealing for an upcoming car…
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Italian plant of Fiat in Melfi ceased production due to suppliers’ strikes

June 2, 2009 | 11:32am CEToriginal
Daily production of the plant has thus declined by almost 1,500 cars. For a week employees of the companies…
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Russian carmaker GAZ may start series production of Opel cars in 9 months

June 1, 2009 | 07:35pm CEToriginal
This is of course subjected by a final agreement of GM and Magna. GAZ might start the production in Nijninovgorod plant…
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Automotive supplier Magna is likely to acquire German carmaker Opel

May 30, 2009 | 03:42pm CEToriginal
General Motors, Magna and the German Government preliminary agreed. Fiat is currently not participating in negotiations, but...
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Visteon asked for bankrupt protection from creditors in USA, European activities not affected

May 28, 2009 | 03:27pm CEToriginal
In the following 18 months, General Motors plans to reduce the number of its automotive suppliers in North America from the current 1,500 to...
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Negotiations on Opel without solution, General Motors closer to bankruptcy

May 28, 2009 | 11:36am CEToriginal
Fiat and Magna has obtained a status of prospective applicants. The European Commission wants to discuss Opel. The first proceedings will…
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