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Peugeot and Citroen to open joint training centre for Czech dealer network

June 23, 2009 | 05:46pm CEToriginal
Until now, both importers arranged the trainings alone. The new training centre sized 1,100 m2 has been built in...
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Industry and Transport Union: Quarter of firms consider production termination

June 23, 2009 | 04:12pm CEToriginal
Firms are also considering production moving abroad, sales of part of the company or merger with another entity. In Q2 contracts fell...
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Tyco Electronics moving part of automotive production from Western Europe to cheaper locations

June 22, 2009 | 10:12pm CEToriginal
Some production is moving to the Czech Republic, other to a new factory in Ukraine, which began operation...
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Sixt to expand its fleet for another brand in the Czech Rep

June 22, 2009 | 07:27pm CEToriginal
Seat will be added to Volkswagen, Ford, Audi, Mercedes-Benz and Skoda cars. Tender for 80 cars supply won...
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Volkswagen without loss in Q2, even the whole year 2009 should end with profit

June 22, 2009 | 12:55pm CEToriginal
At the same time the carmaker will consider giving sports car manufacturer Porsche a loan, which has reportedly been granted one loan from Volkswagen already...
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Car production in UK dropped by 43% in May, by 54% over this year

June 21, 2009 | 05:29pm CEToriginal
Production of commercial cars dropped by 73.5% y/y in May; production of all kinds of vehicles shows out a decline...
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CSOB Leasing to administer fleet of CSOB group amounting to almost 1,000 cars

June 20, 2009 | 11:09am CEToriginal
All by means of the form of fleet management and full service leasing as well. CSOB Leasing also became a provider of operative leasing for Skoda Auto...
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AAA Auto CFO David Thorley ended after a year

June 19, 2009 | 07:54pm CEToriginal
There is now a selection procedure for the post under way. To a post of temporary CFO has been nominated...
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US Senate supported scrap bonus initiation

June 19, 2009 | 07:46pm CEToriginal
To a program, which should provide consumers a bonus for exchanging older cars for new models with a lower consumption, will be invested…
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Chinese carmaker BAIC to struggle with Magna for Opel

June 19, 2009 | 07:30pm CEToriginal
BAIC has acquired an approval to look into the German carmaker's accounting. A part of the alliance of Magna and Opel might also become the carmaker...
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Fiat to shut down car production at Sicily plant

June 19, 2009 | 03:39pm CEToriginal
Fiat needs to reach annual sales of 5.5 million cars in order to survive. The overall sales of Fiat and Chrysler though range only around...
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Chrysler to resume production at seven possible plants

June 19, 2009 | 02:26pm CEToriginal
Chrysler will announce resuming production in other plants at the end of June probably. Production in newly resumed plants will proceed…
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Segment of exclusive cars not affected by crisis in Czech Rep

June 18, 2009 | 03:57pm CEToriginal
Sales of exclusive cars went up y/y this year even—by 20 cars per 130 units. However, the situation in Europe is inversed. The reason is...
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Michelin to cancel 1,100 workplaces; company will thus dismiss 1% of all employees

June 18, 2009 | 11:28am CEToriginal
At the same time the company would like to employ 500 new people by 2012 and to invest in its research centre...
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Czech Senate approved anti-crisis packed including scrap bonus proposed by CSSD

June 18, 2009 | 08:59am CEToriginal
According to specialists from PwC the scrappage scheme gives advantage to some brands and models only, it will affect future sales and contribute to another decline in used car prices...
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CEZ aim to focus on development of electric vehicles, seeing great potential in it

June 17, 2009 | 07:26pm CEToriginal
In the coming years the energy company intends to invest in this sphere about CZK 500 million. Pilot projects are about to start till 2012 in...
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US Government refused further help for automotive suppliers

June 17, 2009 | 05:28pm CEToriginal
An allocation of a USD 5 billion support, in which also the carmakers GM and Chrysler have a share, was initiated in April. Suppliers though asked for a further help...
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Fiat obtained EUR 400 million loan from EIB for development of more eco-friendly cars

June 17, 2009 | 12:28pm CEToriginal
Fiat acquired the credit under the EIB's European Clean Transport Facility focusing on support...
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Second Audi Terminal in Czech Rep and sixth brand showroom in capital to be built in Prague

June 16, 2009 | 09:55pm CEToriginal
It started to be built by the new authorized Audi dealer, already the 16th in the Czech Republic. The dealer also obtained a license to service Audi R8 cars. This is a company...
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General Motors confirmed Saab sale to small-lot manufacturer Koenigsegg

June 16, 2009 | 07:42pm CEToriginal
Both sides signed a preliminary agreement and the sale should be concluded by the end of Q3. The agreement supposedly contains...
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UniCredit Leasing expanded vehicle financing portfolio for brand Kogel in the Czech Rep

June 16, 2009 | 07:16pm CEToriginal
Financial company therefore entered trailers segment after the cars and trucks segments. It began offering scrap bonus as first in it...
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Bosch expects downturn of revenues for automotive components by about 20% due to crisis

June 16, 2009 | 06:33pm CEToriginal
The decline in automotive division was 7% last year. Over this year the group expects the first consolidated loss...
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Michelin is said to close 1,500 work places, company denies it meanwhile

June 16, 2009 | 06:01pm CEToriginal
The dismissals should be part of the company's measures against the global decline of demand for tyres...
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UOHS allowed US fund Platinum to take over company Alcoa Fujikura Czech as expected

June 16, 2009 | 12:18pm CEToriginal
Platinum has taken over the Czech producer of cable harnesses for cars by means of a Luxembourg company Project Del Holding...
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Former member of General Motors executives Bo Andersson to lead Russian carmaker GAZ

June 16, 2009 | 10:35am CEToriginal
Andersson unexpectedly decided to leave GM last week, not giving any reasons. GAZ yet appears in planned Magna’s entry into the carmaker Opel...
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Source: ECB, May 17, 2024