Bernhard Maier, CEO of Škoda Auto, is stepping down after five years at the helm. The company’s board of directors will name his successor in August. The 60-year-old’s contract expired soon – and the Wolfsburg-based parent company took this opportunity to replace Maier. It is not clear whether he will leave Volkswagen. VW boss Herbert ...
The Board of Directors of EP Global Commerce and VESA Equity Investment have created a dedicated management team for both companies. The move comes in response to significant growth in capital investment outside the energy and infrastructure sectors. Roman Silha is the new Head of Mergers and Acquisitions at EPCG and VESA. Branislav Miškovic and ...
Beer production at Budweiser Budvar, which has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the “Budweiser” brand, increased last year to the highest level in the brewer’s 124-year history. Budejovicky Budvar NP, a Czech state-owned brewery, said that its output rose 4.8% to 1.679 million hectoliters (44.36 million gallons) ...
Seznam.cz increased sales by 4.7 percent to CZK 4.69 billion in 2019. Profit before tax was around CZK 1.4 billion, which is 12 percent less year-on-year. The Sklik advertising system, which grew 15 percent, contributed to the year-on-year sales growth. Last year, the company focused on a homepage with a search engine and personalized content. ...
Czech auto sales fell by 26 percent to 95,029 units in the first half of 2020 due to the coronavirus epidemic. In June, however, it was only five percent lower year-on-year. The Association of Car Importers reports. Škoda is the top-selling brand with a decline of 17 percent to 36,551 cars, followed by Hyundai with ...
Hyundai Nošovice generated a profit of CZK 7.39 billion in 2019, with revenues of CZK 123.14 billion. Last year, the carmaker produced 309,500 cars, which represented a year-on-year decrease of nine percent. The majority of cars manufactured in Nošovice are sold in Germany, Great Britain, Spain, Russia, and Poland. In addition to passenger cars, Nošovice ...
European aircraft manufacturer Airbus will cut around 15,000 jobs in one year. The company is responding to the adverse effects of the coronavirus crisis on the aviation industry. “Airbus is facing the most serious crisis the industry has ever experienced,” said CEO Guillaume Faury. “The measures we have taken so far have allowed us to ...
Organizers of the Geneva Motor Show have canceled next year’s event due to coronavirus pandemic. The 2021 international auto show, initially scheduled for March 2021, is canceled after exhibitors responded to a survey saying they probably wouldn’t attend. “The automotive sector is currently going through a difficult phase, and exhibitors need time to recover from ...
Czech auto production is expected to fall by 20% in 2020 due to coronavirus closures. Last year, domestic carmakers and parts manufacturers increased sales by 1.9 percent to a record of CZK 1.124 trillion. Exports rose by 2.4 percent to CZK 942 million. The dominant export market was Germany, with a third share. This year, ...
