“It’s a fresh thing, we’ll see what it brings,” Martin Jahn, a member of the Škoda Auto board of directors, responded to Schäfer’s departure from the domestic carmaker. He did not want to answer the question of whether he could succeed Schäfer. Schäfer should leave Škoda in July next year. As the chairman of the … Read more
The adoption of this emission standard would in practice mean that Škoda Auto would have to stop producing 1.0 TSI engines, which would probably happen after 2026 if strict regulation was approved. As the European Commission pushes to reduce CO2 emissions in new cars, the share of conventional cars produced in European car plants will … Read more
A press conference of the Volkswagen Group’s Supervisory Board is to be held today, on the afternoon of 9 December. Among other things, she is expected to resolve disagreements between the group’s leader, Herbert Diess, and the powerful unions. The result can be significant changes in management, which would also affect Czech Škoda. Despite the … Read more
The first auction of car wrecks in Ústí nad Labem was attended by 46 auctioneers, all 16 cars were sold. The former car racer paid the most for the Škoda 120, namely 35,500 crowns. In total, people auctioned off cars for 123,100 crowns, said Monika Straková from the Department of Transport and Property at the … Read more
“Since there will be no economic downturn at the moment, there is no reason to run Antivirus,” said Jana Maláčová (CSSD), Minister of Labor and Social Affairs in resignation. “If necessary, we can run it in one hour. We have experienced it, it is proven, everyone agrees that Antivirus is the best functioning government program, … Read more
After last year’s economic downturn caused by the coronavirus pandemic, this year domestic banks are experiencing a solid year. Thanks to strong client demand for loans, especially mortgages, as well as lower risk costs, their total profit after tax increased by 30 percent year on year. The positive development was also confirmed by Česká spořitelna’s … Read more
The special committee will include Hans Dieter Pötsch, Chairman of the Supervisory Board at the carmaker and head of Porsche SE, the Group’s largest shareholder, Daniela Cavall, Chairman of the Works Council, Joerg Hofmann, head of Germany’s largest trade union IG Metall, and Stephan Weil (SPD) ), the Land of which holds one-fifth of the … Read more
In the period from January to September, the carmaker Škoda Auto almost doubled its operating profit to 900 million euros (approximately 23 billion CZK) from 469 million euros a year ago. The favorable development of exchange rates and margins contributed to the growth in operating profit. The parent company Volkswagen announced this in its results … Read more
The electricity and gas supplier Bohemia Energy will cease to exist. The company decided to voluntarily close down to prevent the impending bankruptcy. The company got into financial problems due to rising energy prices, which have become several times more expensive on the stock exchange since the beginning of the year. None of the customers … Read more
Over the weekend, the head of the American electric car manufacturer Tesla, Elon Musk, addressed two hundred leaders of a competing German company, Volkswagen, via a video call at their meeting in the Austrian mountain resort of Alpbach. He spoke, for example, of Volkswagen’s efforts to switch to electric cars, its managerial style or the … Read more