The famous automobile manufacturer Škoda Auto presented its newest model at a special unveiling in Tel Aviv on Thursday. The hatchback, which is called Scala, is expected to cost around USD 15,000 and will enter the market in April next year. Škoda hopes to sell 10,000 models in the Czech Republic alone.
Czech industrial production grew by 6.7 percent year on year in October,
after somewhat weaker performance in recent months, data from the Czech
Statistical Office show.
New orders reached double digit growth, suggesting that recent weakness could be related to one-offs.
Manufacturing grew by 7.7 percent, supported by strong automobile production, up 8.8 percent in annual terms after falling in the previous two months.
Owners of the TPCA car factory in Kolín, central Bohemia, may soon be
parting ways. PSA of France and Toyota of Japan have agreed to end
production of small cars at the Czech site by 2021, the French daily Les
The car companies Toyota, Peugeot and Citroën formed the TPCA joint venture in 2002. The Japanese carmaker is expected to take over PSA's stake, but no final decision has been announced.
The TPCA plant in Kolín has an annual production capacity of 330,000 vehicles, a mark last achieved in 2009, before the global financial crisis. For this year, the plant is due to roll out only 200,000 cars.
U.S. Energy Secretary Rick Perry is set to visit several European countries
next week, including the Czech Republic, Ukraine, Poland and Hungary,
Reuters agency reported on Thursday.
According to Reuters, the Trump administration is seeking to offer the Eastern European countries alternatives to buying coal and gas from Russia.
Mr Perry is scheduled to meet with government officials on topics from nuclear energy to cyber security and coal and liquefied natural gas exports, says the press release by the U.S. Department of Energy.
Czech Prime Minister Andrej Babiš has confirmed that the government may put off a decision on how to fund new nuclear reactors for the power utility ČEZ by extending the lifespan of the Dukovany power plant by ten years. The news has brought a cautious response from ČEZ and criticism from the opposition benches.
A number of companies are in the running for lucrative contracts to build new nuclear units in the Czech Republic. Now the head of the State Office for Nuclear Safety says that a South Korean firm looks best placed to get the job. Dana Drábová says KHNP currently has the best references in regards to finishing construction on time and on budget.
EU lawmakers have hammered out a deal to cut vehicle emissions 35 percent by 2030 in a bid to fight climate change and pollution. The Czech Republic, whose auto industry is the main economic driver, was among those pushing for a far smaller cut, arguing stringent CO2 targets will lead to structural problems across the EU.
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