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Current AffairsŠkoda Auto seeks right track with Yeti launch
With the bottom falling out of Europe's car market, the Czech Republic's
biggest producer, Škoda Auto, says it will bring forward the launch of its
sport utility vehicle, the Yeti, to early March with the first cars on the
market in the Summer. Škoda has high hopes that the new model will help
cushion the impact of the crisis. But with sales of such all terrain cars
down worldwide and a mid-range price tag expected on the car, will the Yeti
help save Škoda from the worst? I discussed just that with Automotive
News' Central European correspondent, Lyle Frink.
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Business NewsBusiness News
In this week’s business news: the Czech central bank predicts a
recession; the country’s trade surplus plunged by a quarter in 2008;
government unveils plans to boost the economy; Škoda car maker profits
from German car subsidies; and Russia’s Aeroflot eyes Czech Airlines. More
One on OneŠkoda’s Radek Špicar: financial crisis very serious but also positive challenge for car industry
Radek Špicar is director of external affairs at one of the Czech
Republic’s biggest companies, the carmaker Škoda Auto. With car sales
around the world drying up due to the financial crisis, Škoda, like other
firms, has been cutting production and faces uncertain times to say the
least. At his Prague office, Špicar, who is 31, discussed the future of
the automotive industry in the Czech Republic. But first: what does his
own
job entail? More
MailboxMailbox
In Mailbox this week: A Škoda 120L in a harsh Colorado winter, response to
SoundCzech, new QSL cards, Radio Prague’s Christmas competition.
Listeners quoted: Don Schumann, Terrence Parr, James Thomas.
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Business NewsBusiness News
In today's Business News: The Czech National Bank cut interest rates by
half a point to 2.25 percent this week; Prime Minister Mirek Topolánek has
warned against excessive regulation and government intervention during the
current global economic crisis; car maker Škoda Auto will halt car
production on Friday evening for three weeks; the Tatra company, famous for
building trucks and other large vehicles is to begin a series of phased
layoffs totalling 1,400 people by the end of next year; the soft-drink
company Kofola, maker of a cola drink of the same name, has received a 12
million crown fine from the country’s anti-monopoly commission and the
Czech government has approved a programme which binds it to replacing
government cars with more eco-friendly models.
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Business NewsBusiness News
In this week's Business News: Škoda cuts production as the economic
slowdown bites; local police offer jobs to laid off Škoda employees;
despite woes, confidence in Czech businesses remains high; the state budget
is burdened by pension costs and industrial production decreased by 7.6
percent in October.
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