Account
Unit sales at Skoda Auto fell by 4.6 percent in April due to a switch to a new Octavia model and continued weak demand in some European markets, the car maker said on Thursday.Skoda, the Czech Republic's largest exporter and a unit of Germany's Volkswagen , is seen as a gauge of the export-reliant economy's performance.The car producer sold 77,600 units in the month of April. In the January-April period it sold 298,000 cars, down by 8 percent year on year, it said.Board chairman Winfried Vahland said the company had expected sales in the first half of 2013 would be below the 2012 levels due to the introduction of the new Octavia and Octavia Combi models."Moreover, some markets continue to be under a strong pressure which we cannot entirely avoid," he said.Skoda's Yeti model came top in a British national satisfaction survey and sales in Britain rose by 16.4 percent in April. But in Western Europe as a whole it sold 29,900 units, 1.4 percent down from last year.The car producer's expect...
Sales of new passenger cars in the Czech Republic plunged 22% from a year earlier in February as ongoing economic uncertainty continued to deter prospective buyers, ...
Czech car maker Skoda, a brand of German carmaker Volkswagen AG (VOW.XE), is developing a new sport utility vehicle, or SUV, which it expects will boost volumes and ...
Volkswagen AG (VOW.XE) said Friday it is aiming to match last year's operating profit in 2013 as it expects revenue to rise, but amid an uncertain economic environme...
Volkswagen AG (VOW.XE) said Friday it is aiming to match last year's operating profit in 2013 as it expects revenue to rise, but amid an uncertain economic environme...
The following is a summary of analysts' forecasts for Volkswagen AG (VOW.XE) fourth-quarter results, based on a poll of seven analysts conducted by Dow Jones Newswir...
Romanian new passenger car sales fell 37.6% to 3,334 units in January, from 5,345 units a month earlier, the Automotive Manufacturers and Importers Association, or A...
The Czech anti-corruption police are investigating 70% state-owned power company CEZ AS (BAACEZ.PR) regarding four transactions including the sale of a 50% stake in ...
German car maker Volkswagen AG's (VOW.XE) Skoda brand sales fell in the first month of the year, largely due to changes to production, Skoda said in a press release ...
Ulrich Hackenberg isn't yet a household name but if Volkswagen's $70 billion bet on his big idea pays off, he may join the likes of Henry Ford, Alfred Sloan and Taii...
General Motors Co appointed Volkswagen AG's Karl-Thomas Neumann as president of GM Europe and chief executive of its struggling European unit Opel as of March 1, the...
General Motors subsidiary Opel lost sales chief Alfred Rieck on Friday, marking another high profile departure for its ailing German business."We respect Alfred Riec...
General Motors ailing Opel brand is replacing sales chief Alfred Rieck, who is leaving the company after nearly seven months in office.Opel named its head of Opel's ...
Czech industrial production contracted more than expected on the year in March, driven by a continued output decline in the car and automotive parts sectors, data re...
The following is a summary of analysts' forecasts for Volkswagen AG (VOW.XE) first-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (...
Volkswagen AG's (VOW.XE) Czech unit Skoda AS said Thursday its first- quarter sales dropped 9.2% on the year as demand in Europe remained weak amid the ongoing econo...
MLADA BOLESLAV, Czech Republic--Volkswagen AG's (VOW.XE) Czech unit Skoda Auto AS said Wednesday it remains on track to boost its annual sales to at least 1.5 millio...
Volkswagen , Europe's biggest carmaker, will step up production in fast-growing emerging markets like China to offset deteriorating demand closer to home, it said on...
Volkswagen AG (VOW.XE) expects operating earnings and sales to rise in 2014 after stagnating this year, the German car maker said Thursday.The global car market will...
Volkswagen , the world's third largest carmaker, has joined compatriot Daimler in deciding not to use a new air-conditioning refrigerant developed by U.S. firms Hone...