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Scrap bonus got green light in Czech Rep; the House of Commons outvoted President’s veto

September 10, 2009 | 10:43am CEToriginal
Exactly 101 members have been voting for the law, which was the minimum of votes needed. If the government launches the scrap bonus, it will be valid to...
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UOHS re-included company Domansky to Lesy CR tender for 130 off-road cars, and it has won contract

August 27, 2009 | 10:37am CEToriginal
Original winner, the company Autocentrum Pardubice, failed by a few thousand crowns only. UOHS continues dealing with other controversial tender of Lesy CR...
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Koenigsegg agreed with GM to purchase carmaker Saab

August 19, 2009 | 10:43am CEToriginal
Koenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…
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Cars sold on Czech market increased prices for the first time this year

August 17, 2009 | 07:10pm CEToriginal
Prices of new as well as used cars increased m/m in July. Motorcycles became slightly cheaper, service works and spare parts...
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Saab sale to group of investors around Koenigsegg getting complicated

August 17, 2009 | 06:29pm CEToriginal
One of the investors has according to the Swedish press withdrawn his previous interest. Moreover, the Koenigsegg Group...
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Ministry of Transport closed 16 stations measuring emissions in H1 due to frauds

August 10, 2009 | 08:43pm CEToriginal
Cheats occur during emission measuring more often than at vehicle testing stations. The central information system proved good but interconnection with…
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Flemish government provided guarantees for credit from EIB to Volvo Car for production of new models S60 and V30

July 29, 2009 | 03:46pm CEToriginal
At the same time, the government expressed worries over liquidating Opel’s plant in Antwerp, which is intended by Magna and RHJ, too. Belgium is said to have offered Opel for modernization of the plant…
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EC allowed Fiat to take over share in US carmaker Chrysler

July 27, 2009 | 08:22pm CEToriginal
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...
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Carmakers to be further able to sell cars exclusively at specialized dealers

July 22, 2009 | 10:39pm CEToriginal
The European Commission has proposed the exemption extension for another three years, namely until 2013. In the Czech Republic, the block exemption caused...
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Fuel prices increased by 5.8% m/m in June

July 21, 2009 | 09:38pm CEToriginal
All fuel types went up compared to May, only LPG became cheaper. Specifically...
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Prices of cars sold on Czech market stagnated m/m in June

July 21, 2009 | 02:28pm CEToriginal
This applies also to new cars, used vehicles and motorcycles became slightly cheaper. Service work and spare parts and accessories...
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EC approved state help for new plant of Daimler in Hungary

July 20, 2009 | 07:48pm CEToriginal
Daimler intends to invest EUR 800 million in a new production capacity and to create 2,500 jobs. The state help will have the form of...
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European Court of First Instance lowered Peugeot’s penalty for restriction of business practices

July 12, 2009 | 12:21pm CEToriginal
Peugeot’s representation in the Netherlands obstructed exports of new cars between 1997 and 2003 to other EU countries. The Court brought the fine of the carmaker PSA down by...
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Klaus’ veto of scrap bonus condemned by carmakers, praised by economists

July 10, 2009 | 04:33pm CEToriginal
According to Czech car industry the scrap bonus should be introduced on principle. The Chamber of Deputies should be voting on Klaus’ veto in…
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Klaus set veto on CSSD's anti-crisis packet including scrap bonus

July 10, 2009 | 01:41pm CEToriginal
His arguments are only economic though. The Car Importers Association argues that an ecologic aspect of the bonus...
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Discussions of Alcoa Fujikura and trade unions brought no progress today, strike is ready to start

July 6, 2009 | 10:48pm CEToriginal
Talks about a higher compensation will continue on Tuesday. If there is no outcome, the strike might begin...
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Petrol quality was the best last year in last seven years

July 1, 2009 | 03:15pm CEToriginal
Parameters were not accomplished by only 1.8% of the samples. The quality of diesel has deteriorated compared to 2007; it was found...
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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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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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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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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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Prices of transport manufacturers down by 0.1% m/m in May, up by 0.3% y/y

June 16, 2009 | 05:26pm CEToriginal
Totally, prices of industrial manufacturers declined by 3.8% y/y in May which represents the most distinct year-to-year fall since...
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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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Specialists do not like hiring agency staff instead of people dismissed from full-time employment

June 14, 2009 | 11:22am CEToriginal
Therefore they want to negotiate with the government. According to trade unions, these practices are applied by many automotive suppliers due to the crisis presently...
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EC: Support of US carmakers could harm global trade

June 14, 2009 | 10:20am CEToriginal
A confidential report of EC criticizes support of the carmakers General Motors and Chrysler, but also anti-crisis measures in some other states such as...
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EXCHANGE RATES
1 EUR = 1.08 USD
1 EUR = 0.86 GBP
1 EUR = 0.99 CHF
1 EUR = 24.72 CZK
1 EUR = 4.27 PLN
1 EUR = 387.60 HUF
Source: ECB, May 17, 2024