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Vehicle Segment

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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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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Nosovice-based Hyundai plant to deliver vehicles to Mexico

April 27, 2009 | 10:18am CEToriginal
Hyundai will thus become the first Czech carmaker which is going to start selling its vehicles in Mexico. The vehicles will be delivered from Nosovice also to...
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Chrysler's Canadian employees agree on wage-cutting by one fourth due to alliance with Fiat

April 25, 2009 | 07:27pm CEToriginal
Another option of saving is limitation of daily working hours by...
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Ford suffered a loss of USD 1.43 billion in Q1

April 25, 2009 | 07:23pm CEToriginal
In the same period of 2008 the carmaker posted a net profit of USD 70 million. The company’s revenues decreased by...
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Employees from Bratislava-based Volkswagen to help with production in Skoda Auto temporarily

April 25, 2009 | 05:39pm CEToriginal
They will primarily help with the Fabia model production to which there is a long waiting time due to scrap bonus.
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Brno-based car fair Autosalon to welcome 37 brands at the beginning of June

April 24, 2009 | 07:51pm CEToriginal
Total of 39 brands took part in the last year of Autosalon in 2007. This year, there will be…
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South Korean carmaker Kia returned to profit in Q1 at revenues fall of 6%

April 24, 2009 | 07:07pm CEToriginal
Analysts expected profit in Q1, but significantly lower than in reality reported net profit of...
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Chrysler on edge of bankruptcy, Fiat probably to prefer purchasing Opel

April 24, 2009 | 06:17pm CEToriginal
The US Ministry of Finance has called upon the Chrysler carmaker today to prepare for...
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VAT deduction increased car interest less than it was expected

April 24, 2009 | 05:44pm CEToriginal
In addition, there are few cars on the market. Customers must watt for some cars for even several months, including the best selling car…
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Demand for new utility vehicles in Europe dropped by 32.9% in March

April 24, 2009 | 01:28pm CEToriginal
Czech registrations of new commercial vehicles decreased by 44.3%, in Slovakia by 45.4%. Registrations fell throughout Q1 by…
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Hyundai’s profit dropped by 42.7% in Q1 along with sales revenues decline by 26.4%

April 24, 2009 | 11:39am CEToriginal
The results were though better than expected by analysts mainly due to the weak won. Profit margin has dropped to…
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General Motors to close 13 plants in USA and Mexico temporarily

April 24, 2009 | 10:58am CEToriginal
The closures will be under way from May till July. Their duration will vary according to a particular plant. GM intends to cut production this way by...
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Source: ECB, April 26, 2024