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Analysts: AAA Auto revenues fell by 56% in 2009 at car sales drop by 42%

March 29, 2010 | 12:51am CEToriginal
The company probably returned to profitability last year. In 18 years of its existence, AAA Auto sold 500,000 used cars...
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Fiat wants to raise stake in Chrysler to 35% from 20% in two years

March 29, 2010 | 12:33am CEToriginal
Chrysler will start producing small efficient cars in 2010. Within five year, the Fiat 500 will be followed by...
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Volkswagen Slovakia to start producing in three shifts on Monday

March 28, 2010 | 11:58pm CEToriginal
There is currently the manufacture of Volkswagen Touareg and Porsche Cayenne second generation under way. The third shift will be provided by staff...
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Geely signed contract for purchase of Volvo Car with Ford Motor

March 28, 2010 | 11:42pm CEToriginal
Geely have allegedly secured funding for the acquisition and operation; the brand will continue to operate separately. The planned Volvo factory in China...
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Mitsubishi wants to make 9,000 i-MiEV electric cars this year and further increase production

March 28, 2010 | 11:35pm CEToriginal
Estimated production in 2011 and 2012, present sales, market entry in the U.S., the expected decrease in prices of the electric car...
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Prague used car dealer Auto Esa recorded higher interest from customers even in other regions

March 28, 2010 | 11:29pm CEToriginal
The demand from Western and Eastern Bohemia has risen most noticeably in January and February. It is caused by a shift of car business to the Internet and...
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Tatra to move to full production from April again, to engage most of formerly redundant employees

March 28, 2010 | 11:15pm CEToriginal
Shareholders of the company decided to pledge company to credit banks, which demanded greater guarantees...
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Volkswagen so far managed to provide finance for new acquisitions to become world's largest carmaker

March 28, 2010 | 10:57pm CEToriginal
The current cash of the company, the value of planned acquisitions, raising capital by issue of new shares...
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Toyota Motor plans production shutdown in Europe in April, May and June

March 28, 2010 | 10:48pm CEToriginal
The carmaker has been forced to do so due to weak demand caused by the scandal with car problems. The shutdowns are related to plants in France and Britain...
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Saab has resumed production in Sweden after seven weeks

March 28, 2010 | 10:38pm CEToriginal
At the same time, the carmaker started producing all-new 9-5 Sedan. Other models produced in Sweden and Mexico...
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TPCA not yet agreed with trade unions on new collective agreement

March 26, 2010 | 02:35am CEToriginal
The existing one expires at the end of March. Details of the negotiations and the expected number of employees and their wages in 2010...
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Skoda Auto still proposes wage growth in two phases

March 26, 2010 | 02:23am CEToriginal
Unions want a one-time increase, a higher bid or the inflation clause. The carmaker argues due to low profit in 2009 and the need for new investments...
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Financial Times, Nikkei: Daimler is close to agreement on partnership with Renault, but also with Nissan

March 26, 2010 | 01:49am CEToriginal
This will include the exchange of minority shares. Scope of cooperation, the amount of shares, the expected publication of cooperation...
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Triglav to offer its clients accident insurance for CZK 490/year from April

March 26, 2010 | 01:29am CEToriginal
The offer applies not only to clients having car insurance. The accident insurance covers only permanent implications. Validity of the action...
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Honda holds spring service action with series of discounts on parts, accessories and services in Czech Rep

March 25, 2010 | 11:20pm CEToriginal
The inspection after the winter costs CZK 99. Honda Assistance helpdesk is now for a special price CZK 99 for four months (summer)...
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Nikkei: Toyota Motor wants to reduce production costs by EUR 800 million by 2012

March 25, 2010 | 10:51pm CEToriginal
The carmaker wants to achieve the aim by strengthening the use of the same components in various models. The carmaker plans reorganization of production in Japan...
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AAA Auto: People drive to car centres to sell their car less, they use mobile buyout more

March 25, 2010 | 10:38pm CEToriginal
In the Czech Republic the company bought out 4,802 right at customers’ homes last years, over 3,000 cars in the surroundings of Prague. The average price of a purchased car…
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BMW shifts to high-strength materials that are not welded but riveted and glued

March 25, 2010 | 01:44am CEToriginal
New demands on equipment of repairers, start of production of BMW 5 Series Touring, investment of the dealer Renocar in Brno into a new plumber shop, Audi’s shift to aluminium...
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Fiat to possibly dismiss 5,000 people in Italian plants, to reduce number of models from 12 to 8 and increase production in Italy by 50%

March 25, 2010 | 12:58am CEToriginal
The situation in individual plants Termini Imerese in Sicily, Cassino, Mirafori in Turin and Pomigliano; department of the automobile division...
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Peugeot: By getting through spring service inspection customer receives year-round 20% discount on regular car maintenance

March 25, 2010 | 12:37am CEToriginal
Additional discounts on original equipment, change of oil, tires, price of the inspection...
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TPCA increased revenues by 5.8% along with output growth by 2.5% in 2009, profits stagnated

March 24, 2010 | 11:50pm CEToriginal
Last year, wages rose slightly as well as the number of employees. Scrap bonuses shuffled the order of the largest export markets. Development in 2010...
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SAIC to manufacture Roewe 350 cars in Britain

March 24, 2010 | 11:39pm CEToriginal
The production will take place in a factory of the bankrupt company MG Rover in Longbridge. In Europe, the model will be offered through...
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Spyker: Saab negotiating technology sharing with potential partners

March 24, 2010 | 11:29pm CEToriginal
Saab will have to sell more than 100,000 cars a year to achieve a balanced economy. It intends to return to profit in 2012 and at that time to produce...
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Halfords leaving Czech Rep and Poland after three years, focusing on domestic market

March 23, 2010 | 10:32pm CEToriginal
The reason is unprofitability in Central Europe. Anyway, Halfords has opened its second establishment in Plzen still in December 2009...
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Auto-Exner became exclusive partner of Bugatti for Central and Eastern Europe

March 23, 2010 | 10:25pm CEToriginal
The company is now taking care of five Bugatti cars’ owners from the Czech Republic, Slovakia and Poland. The demonstration drive and sale will be arranged directly with the carmaker...
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