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Operating Sphere

UOHS investigates state enterprise Lesy CR in terms of purchase of 7 Audi limousines

May 1, 2009 | 12:51pm CEToriginal
The antitrust office suspects the company of Public Order Act offence during car purchase worth millions of korunas...
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Volkswagen to discontinue production in Bratislava in mid-May

May 1, 2009 | 11:22am CEToriginal
The company is going to make use of the production cut even within advance working for productin of the car line New Small Family. The outage will last from...
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Chrysler reportedly to announce bankruptcy, agreement on alliance with Fiat completed

April 30, 2009 | 07:57pm CEToriginal
Negotiations with creditors have failed even though the Ministry of Finance has increased its offer considering the exchange of remitted debt for...
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GM’s creditors seek to obtain majority in the company

April 30, 2009 | 05:31pm CEToriginal
Only 1% of the enterprise should remain to the existing shareholders, while the US government should...
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GE Money to reduce staff this year, 40 people fired already

April 30, 2009 | 04:15pm CEToriginal
The forced departures are linked besides the flagging mortgage market and the instalment financing, even with...
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Scrap bonus in Czech Rep might be applied to showroom cars too

April 30, 2009 | 10:54am CEToriginal
The bonus will thus be obtainable for luxury cars, such as some BMW models or Skoda Superb. The price must be lower than…
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Russian Phaeton apparently not to buy Pap Oil, Czech filling station network

April 30, 2009 | 10:09am CEToriginal
Phaeton has not succeeded in acquiring a loan through which the company would finance part of solicitation of 140 Pap Oil stations. Russian holding has though...
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Aston Martin officially opened its 125th dealership in Prague today

April 29, 2009 | 10:27pm CEToriginal
The dealership has been acquired by Auto-Exner company which added the brand to its portfolio along with Bentley and Lamborghini. Aston Martin has been negotiating the dealership with...
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VW’s net profit fell by 72% at revenues fall of 11%

April 29, 2009 | 08:21pm CEToriginal
The results are then slightly better than the preliminary data from the beginning of April. Divisions of VW, Seat and Bentley posted...
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EC approved help for Fiat to develop Lancia Ypsilon's successor

April 29, 2009 | 07:54pm CEToriginal
Italian government will then grant EUR 46 million to Fiat as a regional help which is part of an investment project for...
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Bendl: Friday unenforced truck drives‘ ban might be offset by higher toll

April 29, 2009 | 07:14pm CEToriginal
The toll increase in some time zones might according to the minister encourage carriers to...
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Skoda Auto net profit decreased by 91.4% at revenues fall of 29.6% in Q1

April 29, 2009 | 06:18pm CEToriginal
The biggest Czech carmaker´s sales declined due to the recession by 17.5% to 143,079 cars. The production...
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Lesy CR purchased anti radars to new Audi limousines

April 29, 2009 | 05:00pm CEToriginal
The company paid CZK 135.000 for them. Price of seven company-owned cars amounted CZK 8.3 million, thus more than...
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Qatar interested in purchasing share in Porsche carmaker

April 29, 2009 | 04:17pm CEToriginal
Both sides have already negotiated on the subject, according to Qatar prime minister. Share sale to Qatar might...
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GM's creditors disagree with restructuring plan, and predict bankruptcy

April 28, 2009 | 09:56pm CEToriginal
Creditors require to be treated equally with trade unions; this means that they should get shares in the same ratio as...
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CKP: Damage volume of uninsured vehicles increased by fifth in the 5 years’ time

April 28, 2009 | 09:20pm CEToriginal
Uninsured drivers caused a damage of CZK 470 million in 2008. From the CKP’s guarantee fund, it has been granted performance...
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Decline in the automotive industry forced Ferex-ZSO to seek protection from its creditors

April 28, 2009 | 05:08pm CEToriginal
Ferex-ZSO got into financial problems due to the unprofitable operation of the foundry in Ostasov...
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Tentative agreement: Saturday’s shifts in Skoda Auto according to unions, time accounts as of September

April 28, 2009 | 04:42pm CEToriginal
First 50 employees of the Volkswagen plant in the Slovak town Martin have begun to work in the Skoda carmaker on Monday. In the second wave...
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Daimler agreed on withdrawal of its remaining 20% share in Chrysler

April 28, 2009 | 03:56pm CEToriginal
The complete Daimler‘s departure will untie the Chrysler’s hands for agreement negotiation of an alliance with the Italian company Fiat, and...
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General Motors to cut about 27,000 jobs, government might acquire GM's majority share

April 27, 2009 | 10:30pm CEToriginal
Out of the total, 21,000 will for the US and 5,900 for Canada. The carmaker also intends to discontinue the Pontiac brand and reduce...
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Toyota Urban Cruiser: In sale from CZK 399,900; 4x4 version from CZK 479,900

April 27, 2009 | 05:31pm CEToriginal
Toyota is entering the B-SUV segment with this model in which the company would like to acquire 4% share. In the Czech Republic the company would like to sell...
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US trade unions agreed on concessions with Chrysler, Fiat and the government

April 27, 2009 | 05:25pm CEToriginal
The only carmaker’s obstacle in obtaining the state assistance is now the negotiation with creditors. The agreement with Fiat on the assumption of 20% share in Chrysler...
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Hyundai aims to borrow EUR 250 million for plant completion in Russia

April 27, 2009 | 04:21pm CEToriginal
The plant’s building in Russia started in Russian St. Petersburg in last June. The originally planned date of production starting…
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CCS: Fuel more expensive last week in Czech Rep

April 27, 2009 | 02:29pm CEToriginal
The reason was predominantly the weakening Czech koruna in the previous weeks. A litre of petrol has become more expensive by...
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Truck manufacturer Volvo suffered a loss at revenues fall of 26.8% in Q1

April 27, 2009 | 01:54pm CEToriginal
Analysts, however, expected the loss lower. Despite the negative results, the company will not further dismiss its employees, but...
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SELECTED FLASH NEWS
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In referendum in October 2021, residents of Třemošnice, Czechia expressed their opposition...
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King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
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Source: ECB, May 17, 2024