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Volvo AB posted a loss of SEK 3.3 billion in Q3

November 16, 2009 | 01:22pm CEToriginal
The loss is lower though than SEK 4 billion expected by analysts. However, in Q3 2008 the world’s second largest truck producer showed a profit…
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mmotion09: Mainly exclusive car brands from Europe to be introduced this year, veterans for the first time

November 16, 2009 | 12:29pm CEToriginal
Auto-Exner is coming back to mmotion after a year—with its new brand Aston Martin among others. Auto Palace will introduce Infiniti cars there…
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Volkswagen Touran: Special offer shifted basic price to CZK 489,900

November 16, 2009 | 11:26am CEToriginal
The special offers bring customers savings of up to CZK 54,700; special packets save further CZK 50,100 even. The action packets include…
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Hyundai tripled net profit to record KRW 979 billion in Q3

November 16, 2009 | 10:19am CEToriginal
Analysts expected the profit to be lower by one third though. The reason of the better result is higher sales mainly, but Hyundai did not have to solve frequent strikes during Q3…
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Bugatti agreed on official representation in Czech Rep with Czech partner

November 12, 2009 | 11:21pm CEToriginal
The Czech representation will be the 16th in Europe but the first in Central and Eastern Europe (CEE). In 2010 a showroom in Prague will be opened by…
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Producer of plug-in hybrids Fisker appointed a third distributor for Europe including Czech Rep

November 12, 2009 | 11:01pm CEToriginal
The distributor will be in charge of wholesale and retail activities in six countries of Western and Central Europe including the Czech Republic. The company is…
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Brand financing of Mazda cars in Czech Rep and Slovakia newly provided by Credium

November 12, 2009 | 10:41pm CEToriginal
Credium will finance dealer’s stock cars as well as buying cars by customers under brand Mazda Finance. Credium has thus replaced company…
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New Skoda car will be sedan bigger than Fabia sedan and smaller than Octavia Tour

November 12, 2009 | 09:13pm CEToriginal
It will be a lower middle class car and will replace the Octavia first generation. It will reach the market during two or three years and its price will be around…
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A.M.T. Group lost representation of Jaguar and Land Rover brands in Czech Rep

November 12, 2009 | 08:44pm CEToriginal
The importer license is now free, and the carmaker is negotiating it with several prospective partners. Some dealers and showroom of PMG Finance group are for sale…
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Carmakers on Czech market giving different car sales margins to dealers

November 12, 2009 | 07:52pm CEToriginal
This is also concerning the Skoda brand, for instance. The amount of margin is dependent on the annual sales volume of a certain dealer, but also on...
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SkoFin offers financing of ecological showrooms of Volkswagen Group’s dealers in Czech Rep

November 12, 2009 | 07:16pm CEToriginal
The company finances solar panels for roofs of showroom, photovoltaic parks and will be financing even electric cars in the future. First projects have already started…
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UOHS has guessed several producers of cars and spare parts who limit competition among dealers and service shops

November 12, 2009 | 06:26pm CEToriginal
If UOHS proves their offension against the law, they will have to change supply contract. Most dealers currently offer more than one brand…
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General Motors to pay off a credit worth EUR 1.5 billion for Opel by end of November

November 12, 2009 | 05:31pm CEToriginal
German chancellor Angela Merkel called GM for submitting a convincing plan for recovery of Opel quickly. GM has already paid from the bridging loan…
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Renault interested in increasing its share in carmaker AvtoVAZ, Russia could allow this

November 12, 2009 | 04:10pm CEToriginal
The government wants to find a strategic partner for AvtoVAZ. That one should be Renault probably who is interested in a control share even…
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Volkswagen calls 57,000 concern cars with DSG transmissions to service shops

November 12, 2009 | 01:58pm CEToriginal
It is a preventive inspection because the transmission does not have to be defective in all of the invoked cars. The cars concerned are those of Volkswagen, Audi, Seat and Skoda as well…
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Qatar wants to sell up to 25 million Volkswagen’s preferred stock

November 12, 2009 | 11:26am CEToriginal
State investment company Qatar Holding wants to support liquidity of the stock this way but plans to obtain a share in Volkswagen…
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Opel/Vauxhall division to be led by Nick Reilly temporarily, GM still seeks head for Europe

November 12, 2009 | 10:02am CEToriginal
Carl-Peter Forster received an offer from Indian carmaker Tata Motors to become a member of management of Jaguar Land Rover division and to introduce Tata Nano into Europe in…
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Daimler intend to cancel 1,000 jobs in Mercedes-Benz Cars division

November 11, 2009 | 04:40pm CEToriginal
The carmaker is going to offer a voluntary departure from the company to the German employees. The offer will be made prior to employees aged over...
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New car sales in Slovakia fell sharply by more than third in October

November 11, 2009 | 03:15pm CEToriginal
In ten months, sales decreased by 2.8%. Market share of the most popular brand Skoda has fallen this year by...
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General Motors separated sales activities of Opel and Chevrolet in Europe

November 10, 2009 | 11:58pm CEToriginal
Two succession regional representatives Opel SEE and Chevrolet CEE are still settled in Budapest but a range of personnel changes have occurred…
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T-Motor Zlin sold 227 new Toyota cars in 2008, plans for further growth in 2009

November 10, 2009 | 11:49pm CEToriginal
Company Zliner continues in the activities of an independent dealer of Toyota, Lexus and Daihatsu. As an authorized service partner, the company offers Expres service…
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Tatra wants to fight with crisis by selling subsidiaries and buying components from suppliers

November 10, 2009 | 11:05pm CEToriginal
The carmaker intends to focus on construction of special vehicles and development of underbody groups. The company would invest the money from selling the subsidiaries in…
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CLFA: Leasing of movable assets down by 56% in Q1-3, a slight drop in other commodities

November 10, 2009 | 10:26pm CEToriginal
The share of operative leasing in the overall volume went up again in 2009 and that was to…
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NRC: Production of electric cars and electric energy for their drive is not ecological in US

November 10, 2009 | 07:38pm CEToriginal
Energy-intensive production is primarily the production of batteries. Operation and production of electric cars will still be more expensive compared to the petrol cars in the year…
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AAA Auto posted a profit for second quarter in sequence, net profit reached EUR 900,000 in Q3

November 10, 2009 | 07:26pm CEToriginal
Revenues went down by 42% y/y, by 9.6% compared to Q2. The overall sales declined in Q3 but went up in Central Bohemia and Western Slovakia…
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SELECTED FLASH NEWS
Fischer Surface Technologies (manufacturer of chrome-plated plastic parts for interior...
In referendum in October 2021, residents of Třemošnice, Czechia expressed their opposition...
Cebia establishes cooperations with automakers in field of motor vehicle approval process...
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Plastika (manufacturer of plastic parts for automotive, electrical industries with 580...
Auto Motol Beni/AMB Praha (MVC Automotive Group; Ford dealer in Ořech near Prague...
Kaufland (Schwarz Group) to invest over CZK 2 billion (EUR 83 million) in expanding...
Arrogance Equipment/Trim: ČSOB Poisťovňa launched campaign in Slovakia for car insurance...
JLR You Owe Us: Milberg London filed group action against Jaguar Land Rover (Tata Group)...
Formel D (3i Group 57.93%, CITIC Capital 23.78%; service provider for automotive, supply...
Letoplast (manufacturer of plastic parts for automotive, other industries with 320...
Energy crisis, ESG: Gumotex (manufacturer of rubber, plastic products with 1,700 employees...
Volvo Cars started publishing in car configurators in some countries (UK, Germany)...
Škoda Auto to expand existing Emissions Centre South in Mladá Boleslav, Czechia in area of...
Toyota Tsusho (Toyota, Lexus dealer in Prague, Czechia) to build Toyota Professional...
Certina Group acquired PAL (manufacturer of wipers for Volkswagen, Škoda Auto, Audi, SEAT...
Jaguar Land Rover started publishing in car configurators in some countries (UK) delivery...
ESG, e-Mobility: CB Auto (Volkswagen, SEAT, Škoda, VW Commercial Vehicles, Mazda, Kia...
Škoda Auto introduced system in Czechia enabling dealerships/service centers to invest in...
CarGarantie became partner of Mobile.de (Adevinta Group) for online purchase of used cars...
Bártek: Servind planns significant expansion of headquarters in Tuchoměřice near Prague...
Autorola signed new 4-year contract with BMW Group to build closed B2B platform in Europe...
SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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Source: ECB, May 9, 2024