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Louwman began to sell Lexus cars in Czech Rep, opening showroom in Prague 5

September 13, 2009 | 08:31pm CEToriginal
The new Lexus centre was established by a rebuilding of former Toyota showroom, when the sale of that brand has been moved to…
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General Motors to sell majority share in Opel to consortium Magna/Sberbank

September 11, 2009 | 09:48am CEToriginal
Magna and Sberbank will acquire a 55% share, Opel employees 10% share and 35% will remain to GM. Magna foresees a strong growth of Opel, especially in...
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Hyundai to start building its third factory in China in early 2010

September 10, 2009 | 04:27pm CEToriginal
Hyundai has an annual production capacity of 600,000 cars in China at present, planning to sell 500,000 cars there this year. The new plant will increase capacity to...
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Cars sold on Czech market became after a month cheaper again in August

September 10, 2009 | 03:40pm CEToriginal
In July, there has been a only year's growth in car prices. In August, new cars’ prices as well as used cars’ prices fell in the m/m comparison. Motorcycles, servicing and spare parts...
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Chinese carmaker Geely interested in takeover of passenger cars manufacturer Volvo Car

September 10, 2009 | 12:10pm CEToriginal
However, it is clear from the statement of the Geely Automotive CEO that Ford is not offering to sell Volvo now...
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Car sales in Russia slackened drop to 54% in August

September 10, 2009 | 11:37am CEToriginal
The decline reached 58% in July. For the first eight months, the car demand drop in Russia has knocked the local sale by...
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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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CSOB Leasing: Businessmen using short financial leasing

September 9, 2009 | 10:39pm CEToriginal
For a period of approximately one month, the company has closed 41 contracts on its basis in a total cost price of...
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Mann+Hummel’s turnover to fall by 5% in Czech Rep in 2009, possibly increasing again in 2010

September 9, 2009 | 07:58pm CEToriginal
The company has now enrolled 30 people for the filters’ production in Nova Ves. Constantly enhancing aftermarket and new projects should increase the turnover in 2010 to...
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Passenger car sales in China rose by 90% in August, by 29% since beginning of year

September 9, 2009 | 04:19pm CEToriginal
Overall, it has been sold 8.33 million vehicles for the first eight months. China has therefore kept leading before United States, where the sale reached...
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Robertson: BMW sales might return to growth in coming months

September 9, 2009 | 12:50pm CEToriginal
For the whole year, the carmaker is however expecting drop. The sale’s fall of the carmakers BMW and Audi was lower than 10 % in August, namely...
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Toyota sees revival of global car sales

September 9, 2009 | 11:10am CEToriginal
Therefore, the company will employ 800 agency staff in Japan, who will increase the number of employees to more than 2,000. Most of them will join the plant which manufactures...
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New car sales in Britain increased by 6% due to scrap bonus in August

September 8, 2009 | 10:08pm CEToriginal
It was a second growth in two months. Ford Focus became the best selling car in August. It has been followed by another Ford model…
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Suzuki to build new plant in India replacing another outdated factory

September 8, 2009 | 08:40pm CEToriginal
The new plant will have production capacity around 250,000 cars per year; the overall capacity of the carmaker in India…
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Volkswagen to increase welding and assembly halls’ capacity due to upcoming model Up! in Bratislava

September 8, 2009 | 11:45am CEToriginal
This might increase the plant’s production capacity to 400,000 cars by 2012. Welding shop capacity is going to increase this year already...
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France to provide scrap bonus next year as well, lower though

September 8, 2009 | 10:58am CEToriginal
Ecological bonus of EUR 200 to 700 for purchase of environmentally friendly cars will be offered after 2010 as well. Since January 1, 2010, scrap bonuses will be lowered to…
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Opel and Chevrolet brands to separate in GM, whatever happens to German carmaker

September 7, 2009 | 11:45pm CEToriginal
Opel and Chevrolet have already had in the Czech and Slovak representation of GM separated teams and individual executives. Steffen Raschig went to Russia; his competences have been taken by two managers...
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Former Opel and Chevrolet showroom in Svitavy to be auctioned for second time in October

September 7, 2009 | 11:19pm CEToriginal
The first auction of the sales and service complex was unsuccessful when no prospective buyer has accepted the starting price...
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Deripaska: Russian carmaker GAZ has no interest in Opel share

September 7, 2009 | 10:35pm CEToriginal
There were information last week that GM is not going to sell its German division in order to prevent Opel technology falling into the Russian hands. However, GAZ offers...
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Citroen offer selected models C3, C3 Picasso, C4 and Berlingo for flat price in September

September 7, 2009 | 08:57pm CEToriginal
When using leasing, it is possible to receive an additional discount up to CZK 50,000. Citroen has also prepared a special offer for commercial vehicles and new product from PSA Finance...
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CCS: Fuel in Czech Rep slightly cheapened last week

September 7, 2009 | 08:11pm CEToriginal
The difference between petrol and diesel is still around CZK 2. According to analysts, prices at petrol stations are going to decrease during the following days, while...
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Skoda Auto plans Fabia’s production slump and dismissals

September 7, 2009 | 03:47pm CEToriginal
The production of car successful in countries with introduced scrap bonus program will be reduced by up to one third. Up to 2,500 jobs are endangered. Sale, revenues and profit this year...
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General Motors to restore production in Venezuela after three months

September 7, 2009 | 02:51pm CEToriginal
The government of President Hugo Chavez has agreed that it would sell US dollars to the carmaker in order to have money for foreign suppliers of components...
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Renault began offering secondary manufactured spare parts called Motrio for older cars

September 7, 2009 | 12:59pm CEToriginal
While maintaining the Renault quality standards, the owner of an older car may significant save the service expenses. Renault also offers remanufactured parts...
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Daimler and Porsche plan working hours’ reduction this year

September 7, 2009 | 11:22am CEToriginal
Daimler plans to proceed to shorter working hours in Q4 again. By the end of the year, Porsche plans to suspend production in its factory in...
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EXCHANGE RATES
1 EUR = 1.07 USD
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Source: ECB, April 25, 2024