Jaguar Land Rover has started work on its new factory in Slovakia. The plant will build a range of all-new aluminum Jaguar Land Rover vehicles, JLR said in a statement on Tuesday.
Daimler will invest 1 billion euros ($1.1 billion) in a second Mercedes-Benz plant in Kecskemet, Hungary, the automaker said today. The plant will build front and rear-wheel drive cars. It will also be capable of producing alternative powertrain models.
The Czech real estate group Accolade is investing in expanding the industrial zone in Lublin, Poland, where as much as 73,500 square metres of industrial area will gradually become available.
Auto Palace refurbished its Hyundai showroom in Prague’s Butovice. The new outlet was opened in the presence of leading representatives of both companies this week. The adjustment came to 20 million crowns.
AGC Automotive Czech operates a plant in Chudeřice, near the city of Teplice. Investments of $ 160 million CZK is planned for this year. A third of the amount will be used for technology development.
Investment tycoon Czechoslovak Group buys Prague’s truck maker Avia. The carmaker had been owned by Indian firm Ashok Leyland Armament Group formerly. The new investor wants to produce 200 to 300 trucks a year.
ŠKODA will be strengthening their presence on the Chinese automobile market in cooperation with its longstanding Chinese joint venture partner SAIC VOLKSWAGEN Automotive Company Limited.
Renault launched its new 870 million euro ($942 million) factory here, saying it still sees plenty of growth in the Chinese market where new-car demand is slowing after years of double-digit growth.
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