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AvtoVAZ to dismiss 27% of staff, half of them to retire

October 11, 2009 | 12:54pm CEToriginal
However, the company plans to re-hire 6,000 employees for the new production line on which it has been cooperating with...
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Hyundai to produce less than sheduled 160,000 cars in Nosovice this year

October 8, 2009 | 11:54pm CEToriginal
In Q1-3 this year, the plant produced about 70,000 cars. A new model Kia Venga, whose production will start in November, is going to contribute to the overall production by...
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FRANKFURT: Volkswagen increased sales by 9.5% in August, Skoda Auto recorded less growth

October 8, 2009 | 11:33pm CEToriginal
Czech carmaker reached the highest monthly sales of this year in August. For eight months, however, sales plummeted by...
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Ford Credit started offering two-year long financial lease, in two versions at once

October 8, 2009 | 10:59pm CEToriginal
The second novelty is additional insurance of all car screens for free within leasing and credit products arranged until…
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Sales of BMW Group went up for the first time this year

October 8, 2009 | 10:40pm CEToriginal
September growth were 0.7%. BMW’s sales declined by 15.7% to 939,000 cars in Q1-3. Over the whole this year, BMW expects…
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Autobond to plan growth of sales by 30% in 2009, revenues should grow by 15%

October 8, 2009 | 10:25am CEToriginal
The reason of the expected growth of sales is mainly an expansion of its portfolio of offered brands and entry to new regions. Sales of particular brands makes…
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AUTO 2009: Carmakers and suppliers expect Christmas production shut-downs to be longer in 2009

October 8, 2009 | 09:50am CEToriginal
Passenger car market will not develop too optimistically in Q1 2010, according to them. Most carmakers will plan shut-downs from…
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AUTO 2009: Skoda Fabia facelift: Euro 5 engines, energy recovery, start-stop, introduction in Geneva in 2010

October 7, 2009 | 11:44pm CEToriginal
Also the sports version Fabia RS will come with a facelift, with a petrol engine compared to its predecessor. Fabia will thus move its CO2 emissions under…
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CEO of Allianz pojistovna Miroslav Tacl reportedly to have been withdrawn

October 7, 2009 | 11:23pm CEToriginal
The reason should be personnel disagreements among board members. Tacl rejected to comment on anything. He should stay at the head of the insurance company until…
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Auto Esa increased sales plan for 2009

October 7, 2009 | 08:12pm CEToriginal
Sales went up by 18.4% over eight months. AAA Auto has been growing in Prague as well; import of used cars and pre-sale among owners though dropped by tens of percent…
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Volume of European movable asset lease down by one third in H1

October 7, 2009 | 07:09pm CEToriginal
The drop was 54% in the Czech Republic. The situation should be stable now after the drop of volume of lease from the beginning of the year. In particular European countries…
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Average CO2 emissions of new Skoda cars slightly up last year

October 7, 2009 | 05:31pm CEToriginal
The increase in CO2 emissions is caused by putting the six-cylinder engine 3.6 FSI (191 kW) into offer. A downturn can be expected in the future due to…
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IIR holding a conference on legislation in automotive industry in second half of October

October 7, 2009 | 10:56am CEToriginal
Speakers’ lectures will be concerned with European and Czech legislation, contractual relations with suppliers, legal framework of relations with dealers, block exemption…
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CCS: Prices of driving fuel coming down for seventh week in a row in Czech Rep, only petrol cheaper in Slovakia

October 7, 2009 | 09:42am CEToriginal
During this week the cuts in prices should be stopped at Czech filling stations. Price of petrol should stagnate, and considering diesel…
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Sales of new cars up to 3.5 t down by 13.8% to 133,577 cars in Czech Rep in Q1-3

October 7, 2009 | 09:06am CEToriginal
According to SDA, demand of company clients could be retrieved at the end of the year. SDA estimates the total downturn of sales for this year at…
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Skoda Auto without production director for half year

October 6, 2009 | 11:11pm CEToriginal
Horst Muhl retired from the post of board member responsible for production at the end of March. His competencies have been temporarily taken by...
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Tatra to release 530 employees in October, and reduce working week

October 6, 2009 | 10:37pm CEToriginal
The company is therefore responding to the continuing sales declines of trucks on the market. At the end of this year, Tatra plans to employ...
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US consortium Crown interested in manufacturer of passenger cars Volvo Car

October 6, 2009 | 10:03pm CEToriginal
This is the second candidate after the Chinese carmaker Geely. Crown has reportedly secured the financing, at the head of the consortium there are former chiefs of American carmakers...
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Kia Motors to build new factory producing engines in Slovakia

October 5, 2009 | 11:08pm CEToriginal
The next engine plant is also needed to maintain a synergy with the Czech Hyundai plant in Nosovice, which will supply the Kia Motors Slovakia with transmissions from the new operation...
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Faurecia to invest EUR 5 million in French plant in Audincourt

October 5, 2009 | 10:34pm CEToriginal
The investment is coming after the company has freed place in the plant by transferring a part of dashboard production in the Czech Republic…
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FRANKFURT: Investor Wilbur Ross to acquire another automotive supplier this year

October 5, 2009 | 10:12pm CEToriginal
His company IAC completed the acquisition of the company Stankiewicz in July. If carmakers were dependent on fewer suppliers, they would be able to…
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Car sales up due to scrap bonus in Italy, France and Spain in September

October 5, 2009 | 09:09pm CEToriginal
September growth of sales in these countries ranged between 5 and 20%. Basic or small models have a share in the overall car sales in France…
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AAA Auto: People mostly buy black and silver used cars

October 5, 2009 | 08:39pm CEToriginal
Grey or light blue come after. Demand for the fashionable white colour has not arrived at used car shops yet. As for non-metallic paints, the most favourite are…
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Hydro obtained order from Audi for delivery of aluminum bumpers for upcoming model

October 4, 2009 | 10:51pm CEToriginal
The half-finished products will be manufactured in Norway. Assembling should proceed in a newly built plant in the Czech Republic then where problem have appeared now…
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Skoda Auto in Ukraine to switches from assembling to production subsequently

October 4, 2009 | 09:57pm CEToriginal
Its Ukrainian partner Eurocar is building a welding shop and a paint line. The amount of the investment, production capacity after extension of the plant, providers of technologies are…
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