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Vehicle Segment

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Patrik Fanc has been replaced by Katerina Vokounova after almost seven years, who has come to Kia Motors Czech from the company…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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Audi to initiate production in its second plant in China in September

August 18, 2009 | 03:23pm CEToriginal
In the plant, which the carmaker built together with its Chinese partner FAW Group, Audi will be producing the models A4L and Q5. Audi’s production capacity in China will thus grow to…
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Hyundai scrap bonus availed by 300 customers during two weeks

August 18, 2009 | 02:43pm CEToriginal
Moreover, the carmaker has increased the quota of stock cars during the offer. Hyundai had all cars without exception ecologically scrapped…
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