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Lear about to proclaim bankruptcy

July 2, 2009 | 07:14pm CEToriginal
Reorganization of the company will be supported by its creditors and bondholders. For financing its bankruptcy they will provide an amount...
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Head of Sberbank: Other candidates for Opel are out

July 2, 2009 | 06:59pm CEToriginal
The Chinese carmaker BAIC, the Belgian investment company RHJ and the Italian carmaker Fiat are among the interested persons in Opel purchase. BAIC should in the coming days...
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PSA to decrease number of media agencies to two out of six in Europe within cost reduction

July 2, 2009 | 06:24pm CEToriginal
Sole media service suppliers will be agencies Havas/MPG and OMD. Selection procedures will take place in three European countries...
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General Motors sales increased by 38% in China in H1

July 2, 2009 | 05:59pm CEToriginal
The carmaker sold there a total of 814,442 cars from January to June. For the whole year 2009 it expects to increase sales by...
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Serious financial problems are reason for PMG Finance group activities sale

July 1, 2009 | 10:36pm CEToriginal
Company AuTec Group is now consolidating by the consulting firm NSG Morison. As a part of the restructuring it will take place...
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Employees of Alcoa Fujikura want to be compensated more for dismissals

July 1, 2009 | 09:54pm CEToriginal
Today's negotiations of the company with trade unions, which were preceded by a protest of about a half of the company's employees, did not bring any particular result. Another negotiation...
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General Motors and Ford suspended their plants in Russia

July 1, 2009 | 08:20pm CEToriginal
The cause is downturn of demand. GM's plant in Sankt Petersburg will cease production for two months. Ford has suspended production in its Russian plant until...
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Porsche rejected Volkswagen‘s offer, Qatar to be new investor

July 1, 2009 | 05:57pm CEToriginal
Porsche will offer Qatar either a share in the company, or it will sell options for to further shares purchase in Volkswagen. The starting point can also be...
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General Motors apparently close to agreement on Opel sale to Belgian company RHJ International

July 1, 2009 | 02:29pm CEToriginal
RHJ International has enhanced its offer. According to sources, the preliminary agreement might be signed...
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Cebia: 200,000 sold cars per year with lower number on speedometer in Czech Rep

July 1, 2009 | 12:52pm CEToriginal
That is about 40% of all sold used cars. Due to a lower number of kilometres on speedometer the cars are overpriced by...
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Skoda Auto to produce engines and transmissions even during company holiday

July 1, 2009 | 11:46am CEToriginal
Work will be voluntary during the holiday. It should be similar with the extraordinary working Saturdays, which are now being negotiated...
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Brno-based fairs Autotec and Autosalon to might take place together in 2010

June 30, 2009 | 09:11pm CEToriginal
The reason is the current economic crisis. Large majority of this year's Autosalon visitors was satisfied with the fair and is about to come next year...
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Citroen extended its scrap bonus offer until end of August in Czech Rep

June 30, 2009 | 09:04pm CEToriginal
Originally, it has planned its end on June 30. At the same time, it extended the action called citroenovne for other models...
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Alcoa ends production in the Czech Rep because of low sales and also strong domestic currency

June 30, 2009 | 04:32pm CEToriginal
Staff of the Stribro-based plant intends to organize protests before the next round of negotiations with trade unions on Wednesday...
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Skoda Auto innovated group 3-cylinder engine 1.2 HTP

June 30, 2009 | 03:59pm CEToriginal
The modernization is reflected in fuel consumption saving and emissions and noise reduction. Production keeps taking place in Mlada Boleslav for models...
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A. Charouz to import electric cars to Czech Rep, as well as hybrids

June 29, 2009 | 11:13pm CEToriginal
First, it will be utility vehicles, later followed by passenger cars. A. Charouz is already agreed on the first car delivery in the Czech Republic, but negotiating with other subjects...
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Porsche against sale of 49% share to carmaker Volkswagen

June 29, 2009 | 10:00pm CEToriginal
This sale is part of a proposal for the German carmakers’ merger, in which Qatar would play a big part...
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Sberbank could withdraw from transaction with Opel

June 29, 2009 | 09:18pm CEToriginal
For GM is constantly changing conditions; a possibility of reverse stock buyout is not up-to-date anymore. There are reportedly no other clients concerned in Opel…
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Grant Thornton: Car manufacturers from Europe and Asia to dominate in North America

June 29, 2009 | 08:26pm CEToriginal
GM, Ford and Chrysler will according to the study reduce its production capacity by more than 35% by 2012. Other carmakers will increase their production by about 20% to more than...
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Chinese authorities probably to reject takeover of the US carmaker Hummer

June 29, 2009 | 06:29pm CEToriginal
The problem can be high consumption of the cars Hummer but also insufficient experience of the company Sichuan Tengzhong with car production…
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Producer of the cheapest car in the world Tata Motors fell in loss last year

June 29, 2009 | 05:59pm CEToriginal
The company posted out a loss for the first time after eight years mainly due to low demand and loss of the carmaker Jaguar Land Rover. These cars launched market…
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Adams: Tatra expects drop of revenues by about 40% this year

June 29, 2009 | 04:55pm CEToriginal
The carmaker wants to dismiss 500 more people due to a drop of orders by the end of the year and to reach a target number of work places...
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Volkswagen aims to have major word in merger with carmaker Porsche

June 28, 2009 | 09:06pm CEToriginal
Volkswagen plans to gain a 49% share for EUR 3 to 4 billion in Porsche first. Qatar should then buy Porsche options...
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Alcoa Fujikura probably ending in Stribro, releasing most of its 730 employees by end of year

June 28, 2009 | 07:58pm CEToriginal
According to trade unions it is linked to the moving of part of contracts to Romania. The company has still some work for...
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PSA increased daily production by 6% in Trnava due to higher demand

June 26, 2009 | 05:18pm CEToriginal
At the same time the plant will dismiss less people this year than suggested earlier. The carmaker also considers prolonging working time or...
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