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Vehicle Segment

General Motors reportedly drags out decision on sale of Opel until election in Germany

August 25, 2009 | 01:33pm CEToriginal
The US carmaker wants to sell Opel to RHJ in contrast to the German government. Opel’s works’ council and employees threatened…
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Jung: Skoda Auto about to increase sales by 50% minimally to more than 90,000 cars in China in 2009

August 24, 2009 | 08:08pm CEToriginal
The introduction of Superb second generation on the Chinese market might also contribute to it. In future, the carmaker aims to introduce in China every year...
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Micro-Vett introduced electric car Fiat 500

August 24, 2009 | 07:48pm CEToriginal
This is the first passenger electric car from Micro-Vett, the company has been so far converting utility models only. Price and parameters of the car...
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Toyota not able to meet demand for hybrids, planning to buy batteries from another entity

August 24, 2009 | 05:19pm CEToriginal
This might be a company Sanyo Electric, which should be taken over by Panasonic. Panasonic has a share in the current battery supplier for Toyota...
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Importer of Kia cars into Czech Rep has new PR manager

August 24, 2009 | 02:05pm CEToriginal
Patrik Fanc has been replaced by Katerina Vokounova after almost seven years, who has come to Kia Motors Czech from the company…
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Chrysler’s creditors prosecute former controlling company Daimler

August 24, 2009 | 01:45pm CEToriginal
They blame the German carmaker for taking property fraudulently from Chrysler before its sale to the investment company Cerberus in 2007…
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Necessity of grid mounting into utility cars ends in mid-September

August 24, 2009 | 11:45am CEToriginal
While vans that have already been made with the grid, will have to keep it, additionally mounted partition windows in conversions from passenger cars...
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Skoda Yeti after two months of sales in Czech Rep: People awaiting entry-version, no interest in 4x4 drive

August 23, 2009 | 10:24pm CEToriginal
The interest in test runs is great, but orders are still sporadic. The basic version 1.2 TSI (77 kW) has waiting lists at some dealers already...
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Schaeffler approached merger with Continental

August 23, 2009 | 06:14pm CEToriginal
German automotive supplier Schaeffler has agreed to debt refinancing in the amount of EUR 12 billion with...
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New cars not to become cheaper from now on, can become more expensive contrariwise

August 23, 2009 | 05:49pm CEToriginal
The money flow will thus be given by fluctuation of Czech koruna exchange rate. Exceptions can be temporary campaigns in order to…
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Macht: Porsche might move to annual sales of 150,000 cars under the wings of Volkswagen

August 23, 2009 | 05:28pm CEToriginal
However, the carmaker expects car sales fall by up to 30% in the just-finished financial year 2008/2009, therefore to the value of...
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Automotive Lighting to sign up over 100 people in Jihlava due to growing orders

August 21, 2009 | 07:17pm CEToriginal
The company, which is a part of the concern Fiat, dismissed a third of its employees due to crisis. It is signing them up again due to higher demand from carmakers...
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Tax benefits steeply increased demand for new cars in Greece

August 21, 2009 | 06:43pm CEToriginal
Sales of new cars went up by 45% in the first half of August. However, on the used car market…
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Chrysler plans to produce cars of Italian partner Fiat in North America

August 21, 2009 | 10:53am CEToriginal
The first model should be Fiat 500, which Chrysler wants to produce in Mexico. Chrysler considers which other Fiat models should launch the US market...
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Toyota wants to cease production in joint plant with GM in California

August 21, 2009 | 10:26am CEToriginal
A final decision has not been taken yet reputedly; California is trying to persuade Toyota not to shut down the loss-making plant employing 4,500 people. Toyota considers closing the plant in...
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Hyundai to initiate two-shift operation in Nosovice on September 7

August 20, 2009 | 11:22am CEToriginal
The reason is a planned initiation of serial production of B-segment MPV, which was named Kia Venga. Launching the model on market and its price…
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Russia to extend 30% import duty on new cars probably

August 20, 2009 | 10:12am CEToriginal
The measure has had positive impact on Russian automotive segment, according to the government. A decision on extending the duty even after September 1 should be taken…
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US carmaker Ford increases production due to scrappage scheme

August 20, 2009 | 09:51am CEToriginal
The company has increased production plan for Q3 by 10,000 cars to 495,000 cars. Its production should thus raise by 18% y/y. In Q4, Ford expects an increase in production by…
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Russia plans on scrap bonus introduction

August 20, 2009 | 09:29am CEToriginal
The system of scrap bonuses could be initiated in January 2010. In exchange for a car minimally 10 years old the government should offer a bonus…
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CLFA: Movable asset leasing down by 54.2% in H1, consumer lending by 22%

August 20, 2009 | 08:54am CEToriginal
The number of concluded contracts fell more steeply so an average price of a financed item went up. Specifically, within particular means of financing…
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Smaller Russian carmaker IzhAvto proclaimed bankruptcy

August 20, 2009 | 08:34am CEToriginal
Roughly 2,000 employees have already agreed to leave the company in exchange for compensation money. The company produces for the carmaker AvtoVAZ but also for…
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SaarGummi to invest CZK 100 million in new technology in Czech Rep

August 19, 2009 | 09:22pm CEToriginal
Along with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…
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Koenigsegg agreed with GM to purchase carmaker Saab

August 19, 2009 | 10:43am CEToriginal
Koenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…
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Sales of carmaker Volkswagen went up for the third time in sequence in July

August 18, 2009 | 10:27pm CEToriginal
The concern turned profit from strong demand in Germany and China mainly; sales in Europe decreased. Its subsidiary Skoda Auto…
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Profit of South Korean carmaker Kia grows faster than of its controlling company Hyundai

August 18, 2009 | 07:49pm CEToriginal
The company’s revenues went up by 11.5% in Q2, its profit quadrupled. During all this year, Kia intends to increase sales to…
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