The reason is that GM needs German engineers and Opel’s know-how. The offer submitted by RHJ is thus more attractive because it assumes…

The US carmaker wants to sell Opel to RHJ in contrast to the German government. Opel’s works’ council and employees threatened…

This might be a company Sanyo Electric, which should be taken over by Panasonic. Panasonic has a share in the current battery supplier for Toyota...

Patrik Fanc has been replaced by Katerina Vokounova after almost seven years, who has come to Kia Motors Czech from the company…

German automotive supplier Schaeffler has agreed to debt refinancing in the amount of EUR 12 billion with...

The company, which is a part of the concern Fiat, dismissed a third of its employees due to crisis. It is signing them up again due to higher demand from carmakers...

Along with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…

The company enrols new workers only for a specified period. Although the Czech plant is expecting slump at the end of the year, it intends to enrol next...

Magna submitted a new offer on Thursday which GM is going to compare with an “attractive” proposal presented by RHJ. At the same time, GM denied Thursday’s statement of Magna’s CEO…

The agreement must be approved by management boards of GM and Magna and by trustee members with a controlling share of 65% in Opel after that. However, the competing interested subject RHJ is not out of play yet…

The company’s revenues went down by 45%. Magna was hit by a fierce drop of car production, which fell by 49% in North America and in Europe by…

The company will post a net profit compared to steady management expected earlier due to cost-cutting in 2009. Revenues should decline by…

The money was received by the carmakers Ford Motor, Chrysler Group and General Motors, which will use it for planned electric cars and hybrids…

At the same time, the company will work on reorganization in order to get out of the bankruptcy. Over 10 investors have already expressed interest in Kordarna...

The carmaker degraded the competing Daimler after two years followed by Siemens and the carmakers…

The company has solved the lack of workers by Saturday shifts already. The new orders for seven years are from the carmakers…

The US carmaker is awaiting a result of the battle for Opel. The situation could be clearer after today’s meeting of the German government with GM’s representatives…

Bosch takes components for production from Magneton to its Jihlava-based plant, this production employs…

The company wants to improve its financial situation this way. However, it could lose its CEO Karl-Thomas Neumman, whose suspension…

After the planned closure of the SE Bordnetze plant in Nitra, SEWS Slovakia, manufacturer of wiring harnesses for cars, has now announced the second wave of release...

Among the controversial points there are the intellectual property of Opel and GM’s activities conditions in Russia. In contrast, RHJ offer is...

Automotive supplier Magna is now offering EUR 350 million from its own resources and in convertible bonds...

The company dismissed 85 people due to the crisis at the end of the last year. At the beginning of the next year, the company expects a growth of sales and wants to increase the number of employees to…

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…

This step picks up on reduction of after hours and introducing a four-day work week. The company’s number of orders for spare parts declined…