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Production complex Alcoa Fujikura in Stribro is for sale for CZK 104 million

July 31, 2009 | 09:58am CEToriginal
At the end of July, 600 employees are leaving the company. Many of them have already found work, for example, in the manufacturer of decorative components for car interiors...
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GM vice-president: We can not accept conditions included in Magna offer

July 31, 2009 | 09:17am CEToriginal
Among the controversial points there are the intellectual property of Opel and GM’s activities conditions in Russia. In contrast, RHJ offer is...
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AAA Auto returned to black numbers in Q2, net profit reached EUR 1.6 million

July 30, 2009 | 11:15pm CEToriginal
It happened at a significantly lower sales volume, at revenues decline by 43.2%. The company aims to post net profit even for this whole year; the plan may be affected...
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Volkswagen net profit fell by 83% in Q2, in whole H1 declined by 81%

July 30, 2009 | 10:40pm CEToriginal
Subsidiary carmaker Skoda Auto reported an operating profit of EUR 135 million in H1, which means the y/y fall by...
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PSA expects revival of European car market after 2010

July 30, 2009 | 06:08pm CEToriginal
The company posted a net loss of EUR 962 million in H1, which is a y/y downgrade of economic results by…
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Chevrolet dealer network in Czech Rep undergoing radical change

July 29, 2009 | 10:21pm CEToriginal
Four dealers added up in 2008, and one in 2009. The biggest changes go through the eastern Bohemia, where the dealer activities have been ended by companies...
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Micro-Vett initiated production of electric car Fiat 500

July 29, 2009 | 09:50pm CEToriginal
The Italian company has 15 orders for the model already. Micro-Vett plans on expanding its dealer network in Europe in the meantime; newly to the region CEE…
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Fiat to launch first models with LPG drive on Czech and Slovak market in autumn

July 29, 2009 | 09:25pm CEToriginal
At the same time, it will start to sell Ducato CNG on both markets. First Fiat is going to offer LPG models Grande Punto and Bravo, later also...
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Toyota sales declined by 26% to 3.56 million cars in H1

July 29, 2009 | 08:41pm CEToriginal
Toyota has therefore kept the market’s best position ahead of GM by about 10,000 cars. Toyota production plummeted by more than 40% in H1, decrease in June was lower...
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Magna improved bid for Opel purchase

July 29, 2009 | 08:11pm CEToriginal
Automotive supplier Magna is now offering EUR 350 million from its own resources and in convertible bonds...
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Toyoda Gosei resumed five-day work week in Klasterec after five months

July 29, 2009 | 04:30pm CEToriginal
The company dismissed 85 people due to the crisis at the end of the last year. At the beginning of the next year, the company expects a growth of sales and wants to increase the number of employees to…
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Flemish government provided guarantees for credit from EIB to Volvo Car for production of new models S60 and V30

July 29, 2009 | 03:46pm CEToriginal
At the same time, the government expressed worries over liquidating Opel’s plant in Antwerp, which is intended by Magna and RHJ, too. Belgium is said to have offered Opel for modernization of the plant…
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Total of 273 firms from automotive industry went bankrupt in Japan in H1

July 29, 2009 | 02:40pm CEToriginal
Mainly car dealers and distributors and automotive supplier are concerned. In a year-to-year comparison, that is a growth of bankruptcies by…
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The US Government plans to sell its share in carmakers GM and Chrysler as fast as possible

July 29, 2009 | 01:23pm CEToriginal
Now, the Government holds 61% of GM’s stock and 8% of Chrysler’s stock. The Government will offer the stock of the carmakers to investors probably in…
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Volvo car importer to Czech Rep closed retail sale

July 28, 2009 | 11:43pm CEToriginal
Volvo Auto Czech will continue to be engaged solely in the brand promotion on the market and in the dealer network. The showroom in Pruhonice has been sold to a new dealer…
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Car production in Poland increased by 28% in H1

July 28, 2009 | 04:41pm CEToriginal
The reason is scrap bonus introduced in many European countries. Fiat plant in Tychy will, therefore, significantly increase production in August and take...
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Owners of Porsche were ready to give EUR 140 million payoff to Wiedeking

July 28, 2009 | 03:49pm CEToriginal
However, that was rejected by the trade union IG Metall which has half of all votes in a supervisory board. By Wiedeking’s contract, he could have asked for up to…
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Tata Motors quarterly profit increased, although market had expected fall

July 28, 2009 | 02:54pm CEToriginal
The company‘s net profit increased by 58% in Q1 of the fiscal year, while analysts expected a similar drop. Tata Motors revenues...
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Volkswagen considers increasing its capital because of Porsche takeover

July 28, 2009 | 02:12pm CEToriginal
The company wants to prevent from negative credit ratings. Volkswagen plans to acquire a 50% share in Porsche first and to buy out the rest in the year…
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Skoda to sell cars through internet

July 27, 2009 | 11:30pm CEToriginal
By means of the web pages, the car can be compiled, ordered and an advance payment can be paid. A customer will then take the car at a dealer. By the end of 2009…
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Smith Electric to deliver six electric cars on Avia underbodies to USA

July 27, 2009 | 10:51pm CEToriginal
Similarly to Ford electric cars, Avia cars are also named after prominent physicists. For transformation to electric cars, Avia annually supplies…
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Denso wants to dismiss up to 800 out of 4,100 employees in Hungary

July 27, 2009 | 10:22pm CEToriginal
This step picks up on reduction of after hours and introducing a four-day work week. The company’s number of orders for spare parts declined…
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USA initiated scrap bonus in support of passenger cars and light commercial vehicles sales

July 27, 2009 | 09:57pm CEToriginal
Conditions of the program have been established by the government so that sales of local carmakers would be helped too. The amount earmarked for the scrap bonus will run for…
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Volkswagen sales rose by 6.5% in June

July 27, 2009 | 09:27pm CEToriginal
However, sales fell by 5% throughout the whole H1. Still, the share on the world’s car market increased from 9.9% (in H1 2008) to...
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EC allowed Fiat to take over share in US carmaker Chrysler

July 27, 2009 | 08:22pm CEToriginal
The transaction will according to the EC not interfere with the competition in the European Union, as Chrysler generates 90% of its turnover in North America. Moreover, the carmaker...
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Source: ECB, November 21, 2024