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Vehicle Segment

Ford Motor posted operating loss, wants to get into profit in 2011

July 27, 2009 | 11:34am CEToriginal
The carmaker expects volume of the US car market to amount 10.5 to 11 million cars this year, and in Europe…
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Sales of commercial vehicles in Europe down by 34.8% in June, by 37.2% in H1

July 27, 2009 | 10:21am CEToriginal
Demand for heavy trucks (above 16 tons) declined the most—by 52.4%. Conversely, the smallest drop was recorded within the segment…
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Borgers began enrolling staff in Czech Rep thanks to new contracts

July 24, 2009 | 03:38pm CEToriginal
It plans to enrol 70 workers during August and it does not exclude further recruitment through participation in tenders. Q3 will be in comparison with Q2 weaker, for the whole year 2010 the company estimates...
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Hyundai: Sales to increase by 8% to 3 million cars this year

July 24, 2009 | 02:31pm CEToriginal
South Korean carmaker Hyundai Motor increased net profit by 48% in Q2. The company at the same time predicted that overall sales of cars in the USA would fall this year to...
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Brano fined for violation of working directions

July 24, 2009 | 01:40pm CEToriginal
Employment discrimination was not confirmed during the inspection though. The company has appealed against the fine...
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General Motors sales fell by 15.4% in Q2, by 21.8% in H1

July 24, 2009 | 01:06pm CEToriginal
The company has sold around 72% of cars on markets outside the USA. The share on the world’s market amounted to 12% at the end of H1, which represents a decrease of...
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Supervisory boards of Porsche and Volkswagen supported establishing joint concern led by VW

July 24, 2009 | 12:27pm CEToriginal
Further on, Qatar should take over 15% of VW’s stock in the first step and after merging with Porsche, the share should reach...
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AAA Auto: People buying newer cars rather than expensive holidays during crisis

July 24, 2009 | 11:58am CEToriginal
They fly less on holiday and rather prefer to travel by car to closer destinations. Therefore, they require bigger cars, especially in categories...
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General Motors to negotiate on Opel with Magna and RHJ only

July 24, 2009 | 10:10am CEToriginal
The Chinese company Beijing Automotive Industries Corp. (BAIC), which also proposed the final bid, is thus out of the game...
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Head of Porsche Wendelin Wiedeking ended in company, to receive payoff of EUR 50 million

July 24, 2009 | 09:32am CEToriginal
Wiedeking has struggled for takeover of Volkswagen but is now an obstruction to the planned merger of Porsche and Volkswagen. His successor will be...
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Saitz: BMW sales to fall by 10% in Czech Rep in 2009, dealer’s profitability being important

July 23, 2009 | 10:01pm CEToriginal
BMW sales network in the Czech Republic will grow for a new showroom, which will be built in Liberec by the existing dealer...
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Car importer Toyota Motor Czech slimmed management team

July 23, 2009 | 09:13pm CEToriginal
The business manager Martin Peleska went to the European headquarters, the head of After Sales department was given another challenge. Their competences have been taken by the current managers...
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Number of passenger cars in Czech Rep slightly declined to 4.41 million in H1

July 23, 2009 | 08:44pm CEToriginal
The data have been influenced by introduction of a penalty for not paying damage liability or an ecological fee for transfer of old cars. Age of the car fleet...
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Italian carmaker Fiat fell in loss in Q2

July 23, 2009 | 08:19pm CEToriginal
The net loss reached EUR 179 million after a profit of EUR 646 million in the same period last year. The company's revenues dropped by...
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Hyundai to invest USD 3.3 billion in green technologies by 2013

July 23, 2009 | 01:59pm CEToriginal
More than a half of the investments will lead to development of hybrid cars. Roughly one third of the money will be used for...
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Customs service seized over 2,500 forgeries of Skoda car accessories in Prague

July 23, 2009 | 12:55pm CEToriginal
The customs officers found the forgeries in a shop of a specialized dealer of car accessories. By selling the forgeries Skoda would have a damage of…
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Bosch Diesel to extend four-day working week in Jihlava until March 2010

July 23, 2009 | 11:47am CEToriginal
At the same time, the company will not be dismissing collectively for this period. Within voluntary departures until the end of August, the company offers…
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German government and GM have not agreed on Opel’s future yet

July 23, 2009 | 10:29am CEToriginal
Wednesday’s meeting did not bring any result. Each party prefers a different applicant. The government incline towards Magna and Sberbank’s offer while GM…
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Skoda Auto confirmed Yeti model assembly in India

July 22, 2009 | 11:02pm CEToriginal
The carmaker expects future growth of this market. Volkswagen is expanding dealer network and Skoda sales should this year increase there...
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Carmakers to be further able to sell cars exclusively at specialized dealers

July 22, 2009 | 10:39pm CEToriginal
The European Commission has proposed the exemption extension for another three years, namely until 2013. In the Czech Republic, the block exemption caused...
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Vehicle production dropped by 11.3% in Czech Rep in H1

July 22, 2009 | 09:53pm CEToriginal
Skoda Auto reduced production by a third, in H2 the fall should be due to the scrap bonus lower. In addition, Hyundai will launch production of its next model, therefore the domestic production will increase by...
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CEZ seeking Czech company to develop and produce high-charging stations for electric vehicles

July 22, 2009 | 09:37pm CEToriginal
High-charging stations are offered by one US company with representation in Europe, but their price is around...
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Tiberina bought from bankrupt automotive supplier Wagon its Czech plant in Bela

July 22, 2009 | 09:01pm CEToriginal
The plant in Bela, supplying the Czech and European carmakers, has at the same time changed its name to Tiberina Automotive Bela. The transaction value reached...
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Eurocar plant in Ukraine stopped Skoda cars assembly due to company holiday in carmaker in Czech Rep

July 22, 2009 | 06:23pm CEToriginal
Skoda Auto is, however, considering the production shutdown extension for Ukraine in the plant in Vrchlabi after the holiday as well. The reason is...
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PwC: Sales of new and used cars in Russia declined by 55% in H1

July 22, 2009 | 05:57pm CEToriginal
According to PwC, the Russian automotive market declined by 62% to USD 12.8 billion in H1. This year, PwC expects sales fall by...
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