The Chinese company will use money acquired by the bonds‘ issue convertible into shares to finance capital expenditures and possible acquisitions. Goldman Sachs might have in Geely a share of…

Nearly 60 cars will be again available to the organizers and VIP guests of the 45th year. Audi is also going to introduce its new generation of limousine...

The carmaker announced an investment of USD 600 million (CZK 10.4 billion) last year and withdrew its intention at the beginning of this year. Construction of the plant will begin…

Carmakers want to be dependent on a lesser number of strong global suppliers and so pressure on establishing supplier alliances can be expected…

The trend of moving the production to home countries in Western Europe has becoming stronger in the last months…

Costs of material constitute the largest part of the price of a product and there are lower wages in Asia as well. The problematic part remains logistics…

Edscha Bohemia has probably been insolvent since May as well as its controlling company Edscha AG. The Czech enterprise is still in operation though and not willing to dismiss…

The model Astra could be assembled in St. Petersburg. Opel could also start cooperating on supplies of parts with Russian carmaker…

GM intends to replace production losses resulting from restructuring its assets this way. The carmaker will thus restore 3,000 work places. The plants are…

The French company though pointed out that the investment would not have to be in the form of cash financial resources. Decision on the amount of Renault’s investment should be taken in…

The carmaker is subsequently declining a y/y drop of sales and expecting a growth for Q4. In October, sales reached…

Revenues of the local carmakers should fall this year though. Jahn expects a stronger revival as late as in the year…

Delphi exited bankruptcy protection as a new company after completing an agreement with its creditors and receiving a promise for loans from…

Over the last year, sales grew by 1.2% whereas in H1 2009 the growth reached 6%. Considering particular brands Volkswagen, Audi, Seat and Skoda…

New Czech company EVC Group will be presenting plug-in hybrid Toyota Prius or electric cars Smart and Skoda at the show…

According to trade unions, a daily production was 240 cars last week whereas this week only 160 cars should be manufactured. The carmaker denied the downturn saying it daily produces…

Results for Q1-3 though show a growth by 1.5%. Over the whole year, Slovakian Automotive Industry Association (ZAP) expects…

Marketa Valtrova left the position of marketing manager for the Czech Republic. Marketing in the Czech Republic, Poland and Hungary will be the responsibility of...

The company needs to sign up 60 people in October due to the growth of orders for Audi and Volkswagen. Further orders will arrive in H1 2010, which will increase production and revenues to...

The expected drop of sales in Russia, Ukraine and India will be compensated by a growth in China. Sales will be boosted by new products as well; Skoda has already had orders for Yeti…

Sichuan Tengzhong will acquire an 80% share in Hummer. The remaining 20% will fall to Hong Kong investor Suolang Duoji. Price of the transaction…

French carmaker Renault holds a 25% share in it. The carmaker is interested in developing activities in Russia but has not made any particular promises…

The company has become a franchising partner of a service concept made by company Goodyear. Kafka service offers…

Octavia Tour has been cheapened by CZK 120,000 to 185,000 according to specification. Another price benefit can be obtained for both models when taking advantage of Plus packet...

The reason is the production of an innovative component of the luggage compartment for Mercedes-Benz E limousine, which the carmaker might introduce even to other models...