In December 2008, the Automotive Industry Association estimated 13,500 people would be dismissed during H2 2008 and H1 2009. However, the real numbers will be...

The agreement should save more than 3,000 work places in the US. The purchaser should be the Chinese company...

The company is now investing in a new production technology in order to start delivering prototypes of sealing for an upcoming car…

The company deepened its loss to EUR 32.4 million. The increase of the loss against premises was caused mainly by...

For only the last month the authorities received tens of applications for scrap yard constructions or their extensions. Altogether there are...

Daily production of the plant has thus declined by almost 1,500 cars. For a week employees of the companies…

The restructured company will manufacture fewer components so that it will be possible to use them in more models. Czech market...

Chrysler has therefore averted the threat of liquidation. In response, the group of minority shareholders, however, appealed...

This is of course subjected by a final agreement of GM and Magna. GAZ might start the production in Nijninovgorod plant…

This division focuses on the production of engines and transmissions. The company has agreed with unions to reduce salaries by 8% and the working hours by…

The buyers order all types of passenger cars including the London cabs. In May due to the scrap bonus…

How to ensure another growth of Volkswagen and simultaneously protect European working places: To produce in Europe, assemble on the emerging markets such as…

The transport company has announced the first tender now and approved two more tenders this week. In terms of its fleet’s renewal, the company would like to obtain in overall…

The company is now cautious but it does not exclude opening of new car centres at the end of this year. In Russia AAA Auto is in contact with...

The company fell in loss of CZK 712 million last year which is a year-to-year drop of the economic results by CZK 1.6 billion. The revenues were though growing...

The agreement is valid for a period of two years. Wages in the Nosovice-based plant of Hyundai will grow by 6.5% on average in 2009; in 2010...

Koenigsegg and Renco Group, owned by the financier Ira Rennert, have the highest chances. Simultaneously, the court extended Saab's bankruptcy protection till...

General Motors, Magna and the German Government preliminary agreed. Fiat is currently not participating in negotiations, but...

Revenues due to abandonment of the three foreign markets fell by 54.3%. The company aims to reach a consolidated net profit in...

None the less, the carmaker intends to ask for protection against creditors. The bankruptcy should last…

Daily production of the Fabia model rose by 200 to 1,200 cars. To 250 employees from Bratislava-based plant of Volkswagen came this week…

The company, which has also been affected by the downturn in automotive industry, would like to avoid redundancies this way. The company's orders have dropped by...

In the following 18 months, General Motors plans to reduce the number of its automotive suppliers in North America from the current 1,500 to...

Fiat and Magna has obtained a status of prospective applicants. The European Commission wants to discuss Opel. The first proceedings will…

The company has run into problems mainly due to investments in Slovakia. Kordarna is though producing further on...