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…

The company‘s net profit increased by 58% in Q1 of the fiscal year, while analysts expected a similar drop. Tata Motors revenues...

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…

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…

Similarly to Ford electric cars, Avia cars are also named after prominent physicists. For transformation to electric cars, Avia annually supplies…

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…

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...

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...

The Ministry of Defence plans to buy some cars to the property, some for operating leasing. The contract value is about...

The carmaker expects volume of the US car market to amount 10.5 to 11 million cars this year, and in Europe…

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...

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...

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...

Further on, Qatar should take over 15% of VW’s stock in the first step and after merging with Porsche, the share should reach...

They fly less on holiday and rather prefer to travel by car to closer destinations. Therefore, they require bigger cars, especially in categories...

The Chinese company Beijing Automotive Industries Corp. (BAIC), which also proposed the final bid, is thus out of the game...

Wiedeking has struggled for takeover of Volkswagen but is now an obstruction to the planned merger of Porsche and Volkswagen. His successor will be...

BMW sales network in the Czech Republic will grow for a new showroom, which will be built in Liberec by the existing dealer...

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...

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...

More than a half of the investments will lead to development of hybrid cars. Roughly one third of the money will be used for...

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…

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…

The carmaker expects future growth of this market. Volkswagen is expanding dealer network and Skoda sales should this year increase there...

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...