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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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Michelin might cancel up to 3,500 jobs in France by 2011

June 26, 2009 | 06:37pm CEToriginal
The company has previously announced a plan for 700 jobs cancellation within the Toul plant closure. Through voluntary redundancies of its employees it intends...
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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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Eurofound: Scrappage scheme succeeds markedly in Germany only, did not help the rest of EU

June 26, 2009 | 01:17pm CEToriginal
The scrappage scheme has increased demand for cars in Poland too, and Luxembourg slightly. Among others the foundation Eurofond compares Germany to Great Britain...
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Volkswagen wants to offer more mini cars in Europe, considering cooperation with Suzuki

June 26, 2009 | 11:39am CEToriginal
Volkswagen would provide diesel engines within the cooperation and Suzuki underbody platform. The German carmaker reportedly requires a share in Suzuki amounting to...
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Horst Koulen leaves Czech Rep, importer license and number of dealers for sale

June 25, 2009 | 11:33pm CEToriginal
The reason is probably the loss of BMW importer license. AuTec Group has already changed its owner, it was bought by...
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Toyoda: Toyota to return to profit in two years at earliest, focusing on hybrids in Europe

June 25, 2009 | 06:34pm CEToriginal
Carmakers Toyota, Honda and Nissan decreased production by about one third in May. However, Toyota is not planning closures of some plants...
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PwC: Tire manufacturers’ revenues fell by about 25% this year, recovery to come in 2011

June 25, 2009 | 05:52pm CEToriginal
Barum Continental felt a drop in demand for passenger tires by 10% and by 25% at truck tires this year. The situation should improve in Q3 after the start of deliveries for...
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Ford to reduce number of suppliers to about half

June 25, 2009 | 04:18pm CEToriginal
It intends to continue with the reduction in the following years. This step also relates to the fact that many automotive suppliers...
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KPMG: Most managers of world insurance companies expect a growth during next 12 months

June 25, 2009 | 03:08pm CEToriginal
Expectations of insurance business are good both in the world and the Czech Republic. Managers expect a natural growth and a growth by...
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CEZ: One million electric cars to operate in Czech Rep in 15 years at earliest

June 25, 2009 | 02:18pm CEToriginal
By 2012, there should be 25 models of electric cars on the market. CEZ negotiate with almost all carmakers within the other testing projects…
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Qatar probably to acquire share in carmaker Volkswagen from Porsche

June 25, 2009 | 01:09pm CEToriginal
Porsche is ready to provide option for purchasing a share in Volkswagen to Qatar, according to sources, in an amount of...
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New head of Mazda for Central and South East Europe to become Jerome de Haan

June 24, 2009 | 09:40pm CEToriginal
He will replace Josef Schmid in the post, who has been appointed head of Mazda Motors Deutschland. Thomas Rothe...
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General Motors supposedly require Opel redemption option

June 24, 2009 | 09:15pm CEToriginal
According to the main candidate Magna, the purchase is in the existence of such an option absolutely impossible. The other GM’s conditions are...
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IAC Group to buy nine plants of bankrupt German automotive supplier Stankiewicz

June 24, 2009 | 08:36pm CEToriginal
These are plants in Germany, Belgium, Poland and the Czech Republic, where IAC will take over the manufacturer of acoustically insulating components for cars...
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Kia cee'd facelift: Production to start in mid-July, being presented to public at Frankfurt Motor Show

June 24, 2009 | 06:14pm CEToriginal
Even thanks to this, the carmaker will extend working hours in Slovakian plant in Zilina. There will be innovations at cee'd model...
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Ford, Nissan and Tesla to get loans for eco-cars development from US government

June 24, 2009 | 03:48pm CEToriginal
Overall they will reach USD 8 billion from a government fund, containing USD 25 billion. Each carmaker will use the money for...
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CEZ aim to put into operation up to 100 electric cars by 2012

June 24, 2009 | 03:29pm CEToriginal
Non-profit organizations and public administration will test them within the pilot projects. Besides the environmental aspects...
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Car starter manufacturer Magneton being bankrupt

June 23, 2009 | 09:45pm CEToriginal
The company, which mainly supplies the automotive industry, faced the economic crisis and had to dismiss several hundreds of employees...
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