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Vehicle Segment

Reilly: GM to cut up to 10,000 job in Europe and plans to reduce production capacity by up to 25%

November 19, 2009 | 01:30pm CEToriginal
Therefore, one fifth of the total number of Opel’s employees would lose their jobs. The European Commission arranged a meeting on Monday…
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Petr Kohout left Essox to develop activities of affiliated company in Vietnam

November 16, 2009 | 08:30pm CEToriginal
Societe Generale plans for a large expansion in Vietnam. In the Czech Republic, Kohout will be replaced on the post of Essox financial and operations manager by…
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AAA Auto: Over 62% of used cars bought on weekends this year, 47% of sales fall on weekends last year

November 16, 2009 | 06:30pm CEToriginal
According to AAA Auto, people also visit used car shops in the evenings on weekdays more. However, clients choose the cars on the web during the working time…
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Car sales in Europe up by 11.2% in October, down by 5% over ten months

November 16, 2009 | 05:29pm CEToriginal
October sales in Western Europe went up by 15.8% but went down by 36.9% in Eastern Europe. The exception was the Czech Republic…
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Ministry of Transport closed one STK and 25 emission measuring stations this year

November 16, 2009 | 04:21pm CEToriginal
The Ministry of Transport deprived company STK Jarov, which carried out technical inspections in Auto Jarov zone in Prague, of a license. STK is now run by company…
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Kia Motors showed a record quarter profit of KRW 402 billion in Q3

November 16, 2009 | 03:09pm CEToriginal
The carmaker thus surpassed analysts’ estimations by a third; returned to a profit y/y and increased its profit q/q by…
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ZVEI holds conference Competence in Automotive Electronics 2009 in Munich on December 8

November 16, 2009 | 02:06pm CEToriginal
It is the sixth year of the event focused on suppliers of electronic and electrical automotive parts. At the conference the following will be speaking…
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Volvo AB posted a loss of SEK 3.3 billion in Q3

November 16, 2009 | 01:22pm CEToriginal
The loss is lower though than SEK 4 billion expected by analysts. However, in Q3 2008 the world’s second largest truck producer showed a profit…
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mmotion09: Mainly exclusive car brands from Europe to be introduced this year, veterans for the first time

November 16, 2009 | 12:29pm CEToriginal
Auto-Exner is coming back to mmotion after a year—with its new brand Aston Martin among others. Auto Palace will introduce Infiniti cars there…
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Volkswagen Touran: Special offer shifted basic price to CZK 489,900

November 16, 2009 | 11:26am CEToriginal
The special offers bring customers savings of up to CZK 54,700; special packets save further CZK 50,100 even. The action packets include…
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Hyundai tripled net profit to record KRW 979 billion in Q3

November 16, 2009 | 10:19am CEToriginal
Analysts expected the profit to be lower by one third though. The reason of the better result is higher sales mainly, but Hyundai did not have to solve frequent strikes during Q3…
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Bugatti agreed on official representation in Czech Rep with Czech partner

November 12, 2009 | 11:21pm CEToriginal
The Czech representation will be the 16th in Europe but the first in Central and Eastern Europe (CEE). In 2010 a showroom in Prague will be opened by…
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Producer of plug-in hybrids Fisker appointed a third distributor for Europe including Czech Rep

November 12, 2009 | 11:01pm CEToriginal
The distributor will be in charge of wholesale and retail activities in six countries of Western and Central Europe including the Czech Republic. The company is…
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Brand financing of Mazda cars in Czech Rep and Slovakia newly provided by Credium

November 12, 2009 | 10:41pm CEToriginal
Credium will finance dealer’s stock cars as well as buying cars by customers under brand Mazda Finance. Credium has thus replaced company…
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New Skoda car will be sedan bigger than Fabia sedan and smaller than Octavia Tour

November 12, 2009 | 09:13pm CEToriginal
It will be a lower middle class car and will replace the Octavia first generation. It will reach the market during two or three years and its price will be around…
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A.M.T. Group lost representation of Jaguar and Land Rover brands in Czech Rep

November 12, 2009 | 08:44pm CEToriginal
The importer license is now free, and the carmaker is negotiating it with several prospective partners. Some dealers and showroom of PMG Finance group are for sale…
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Carmakers on Czech market giving different car sales margins to dealers

November 12, 2009 | 07:52pm CEToriginal
This is also concerning the Skoda brand, for instance. The amount of margin is dependent on the annual sales volume of a certain dealer, but also on...
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SkoFin offers financing of ecological showrooms of Volkswagen Group’s dealers in Czech Rep

November 12, 2009 | 07:16pm CEToriginal
The company finances solar panels for roofs of showroom, photovoltaic parks and will be financing even electric cars in the future. First projects have already started…
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UOHS has guessed several producers of cars and spare parts who limit competition among dealers and service shops

November 12, 2009 | 06:26pm CEToriginal
If UOHS proves their offension against the law, they will have to change supply contract. Most dealers currently offer more than one brand…
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General Motors to pay off a credit worth EUR 1.5 billion for Opel by end of November

November 12, 2009 | 05:31pm CEToriginal
German chancellor Angela Merkel called GM for submitting a convincing plan for recovery of Opel quickly. GM has already paid from the bridging loan…
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Renault interested in increasing its share in carmaker AvtoVAZ, Russia could allow this

November 12, 2009 | 04:10pm CEToriginal
The government wants to find a strategic partner for AvtoVAZ. That one should be Renault probably who is interested in a control share even…
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Volkswagen calls 57,000 concern cars with DSG transmissions to service shops

November 12, 2009 | 01:58pm CEToriginal
It is a preventive inspection because the transmission does not have to be defective in all of the invoked cars. The cars concerned are those of Volkswagen, Audi, Seat and Skoda as well…
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Qatar wants to sell up to 25 million Volkswagen’s preferred stock

November 12, 2009 | 11:26am CEToriginal
State investment company Qatar Holding wants to support liquidity of the stock this way but plans to obtain a share in Volkswagen…
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Opel/Vauxhall division to be led by Nick Reilly temporarily, GM still seeks head for Europe

November 12, 2009 | 10:02am CEToriginal
Carl-Peter Forster received an offer from Indian carmaker Tata Motors to become a member of management of Jaguar Land Rover division and to introduce Tata Nano into Europe in…
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Daimler intend to cancel 1,000 jobs in Mercedes-Benz Cars division

November 11, 2009 | 04:40pm CEToriginal
The carmaker is going to offer a voluntary departure from the company to the German employees. The offer will be made prior to employees aged over...
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