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New pickup trucks and sport/utility vehicles helped Ford Motor Co.'s third-quarter profits nearly double to $686 million, the company said Wednesday, but it alarmed analysts with growing losses in Europe.
Ford eeked out a $15 million profit from its worldwide automotive operations -- versus a loss of $201 million a yea... | 48 |
The effects of a strike by 26,000 Canadian autoworkers will continue to ripple through General Motors Corp.'s operations even though a tentative deal was reached Tuesday after marathon talks.
GM has told about 2,000 workers at its Lordstown, Ohio, car assembly plant not to report to work when their work week begins on ... | 48 |
Calling it a crucial change for how it develops new cars and trucks, Ford Motor Co. Wednesday launched a new computer-aided design project based on a computer programme from Structural Dynamics Research Corp..
Ford said the new project, called C3P, will cut prototype costs by up to 50 percent; improve investment effici... | 48 |
Although General Motors Corp and the United Auto Workers are separated by crucial outsourcing issues, analysts said Monday they do not foresee the union staging a protracted strike against GM.
"I don't think there's any will to have some major explosion," said David Cole, director of the University of Michigan's Center... | 48 |
General Motors Corp. said Tuesday it agreed to sell four troubled parts plants to a new company that plans to become a major player in the competitive $22 billion automotive interior supply industry.
The new company, Peregrine Inc., is being funded by the New York investment firm Joseph Littlejohn & Levy and auto i... | 48 |
The engines have been started in the race to succeed Alex Trotman for the top office at Ford Motor Co.
The company Thursday promoted two long-time Ford executives into positions that will allow them to prove if they are worthy of occupying one or more top spots at Detroit's No. 2 automaker.
Edward Hagenlocker, 56, was ... | 48 |
General Motors Corp, battling to avoid a second strike by assembly and parts workers this month, said it was hopeful a new labor contract could be reached before an extension deadline at midnight on Sunday.
Speaking to reporters gathered at GM's headquarters here, GM spokesman Chuck Licari said GM and the United Auto W... | 48 |
Labour lawyer James Hoffa, refusing to concede defeat in the Teamsters union presidential election nearly a week after his opponent claimed victory, called Thursday for a congressional investigation into the vote.
Hoffa on Tuesday formally asked U.S. Attorney General Janet Reno to impound the ballots and initiate an FB... | 48 |
The engines have started in the race to succeed Alex Trotman for the top office at Ford Motor Co.
The company on Thursday promoted two longtime Ford executives to positions that will allow them to prove if they are worthy of occupying one or more of the top spots at Detroit's No. 2 automaker.
Edward Hagenlocker, 56, ... | 48 |
General Motors Corp. took the wraps off its much awaited 1997 Chevrolet Corvette amid a shower of sparks and blaring music Monday, rounding out a day of coupe introductions at the North American International Auto Show.
The new Corvette is the fifth generation of the classic Detroit muscle car, and the first redesign s... | 48 |
Chrysler Corp said Tuesday it filed an appeal protesting a California Department of Motor Vehicle (DMV) ban on the company shipping new vehicles to dealers as a penalty for allegedly violating the state's "lemon law."
The move, which was expected, means the U.S No. 3 automaker can delay the 45-day ban taking effect for... | 48 |
Nearly one quarter of ITT Automotive Inc's workers around the world will be paid a combined hourly and benefit rate of less than $10 an hour by 2000, the company's top executive said Tuesday.
ITT Automotive, a unit of ITT Industries Inc paid 15 percent of its 35,000 workers less than $10 an hour in 1995, and 10 percen... | 48 |
Haworth Inc. said Monday it received a $211.5 million payment for a patent infringement award against Steelcase Inc., ending a 17-year battle between the two Michigan office furniture giants over electrified office panels.
Of the total $211.5 million, Steelcase, the largest office furniture maker in the world, paid Haw... | 48 |
While General Motors Corp. struggles to overcome labor costs of $43 an hour at its parts plants, the head of one global auto supplier is painting a Darwinian view of the future, in which an increasing number of workers earn less than $10 an hour.
Nearly one-quarter of ITT Automotive Inc.'s workers around the world will... | 48 |
Seven years after General Motors Corp created the Geo brand to entice more import buyers, the automaker is dropping the name, though it will continue to sell the Metro, Prizm and Tracker models as Chevrolet vehicles.
Chevrolet General Manager John Middlebrook said the Chevrolet image and its products have improved to t... | 48 |
Chrysler Corp. minivans have came under fire again from safety regulators, who said Tuesday they stepped up probes into two problems, including reports that a 90-pound rear hatch door can suddenly close without warning.
Nearly 2 million minivans are involved in the investigations, which were also sparked by reports tha... | 48 |
CMS Energy Co should have no trouble meeting or exceeding the $2.40 to $2.45 a share earnings estimates that analysts forecast for all of 1996, Chairman and Chief Executive Officer William McCormick said Friday.
"We feel very comfortable we'll be at or above that range," he said in a telephone interview from the utilit... | 48 |
Chrysler Corp. said Monday it was exploring the possibilty of extending its car production agreement with Mitsubishi Motors Corp., reversing a trend toward cutting ties with the Japanese automaker.
"We are discussing the possibility with them, but we haven't reached any conclusions or any decisions yet," said Chrysler ... | 48 |
Ford Motor Co. said Tuesday it will move 2,500 sales, marketing and customer service workers out of the Renaissance Centre over the next two years, ending a downtown Detroit office presence that dates back to 1978.
The move was prompted by General Motors Corp.'s May purchase of the landmark complex located on the Detro... | 48 |
Labor lawyer James Hoffa, refusing to concede defeat in the Teamsters union presidential election nearly a week after his opponent claimed victory, called Thursday for a congressional investigation into the vote.
Hoffa on Tuesday formally asked U.S. Attorney General Janet Reno to impound the ballots and initiate an FBI... | 48 |
Officials from Ford Motor Co pledged to review security measures Thursday after the fourth fatal shooting in two years at one of their facilities.
But executives from the automaker said there was little that plant security guards, who do not carry guns, could do to defend themselves against armed intruders.
"When someb... | 48 |
Union workers prepared to strike General Motors Corp for the second time this month Sunday night as bargainers for the company and the United Auto Workers struggled to reach a new contract agreement before a midnight deadline.
In a sign the pace of talks could be picking up, GM Chairman Jack Smith arrived at the automa... | 48 |
General Motors Corp, still feeling the effects of a 20-day Canadian autoworker strike, told all of its 5,000 Lordstown, Ohio, assembly workers they will be idled for two weeks, company and United Auto Workers officials said Thursday.
The plant, which makes the Chevrolet Cavalier and Pontiac Sunfire small cars, has run ... | 48 |
Ford Motor Co. Thursday announced sweeping organisational changes and a major shake-up of its senior management, replacing the head of its global automotive operations.
The moves include combining Ford's four components divisions into a single organisation with 75,000 employees and $14 billion in revenues, and a consol... | 48 |
Chrysler Corp. said Thursday it expected strong December sales results to cap off a record year for the automaker, with total 1996 car and truck deliveries exceeding 2.4 million units.
Chrysler's year-end sales report, to be released Friday, is expected to be one of the few bright spots for December, a month in which a... | 48 |
General Motors Corp, still feeling the effects of a 20-day Canadian autoworker strike, told all of its 5,000 Lordstown, Ohio, assembly workers they will be idled for two weeks, company and United Auto Workers officials said Thursday.
The plant, which makes the Chevrolet Cavalier and Pontiac Sunfire small cars, has run ... | 48 |
Chrysler Corp. Monday said sales rose a scant 1.4 percent in November, a dramatic slowdown for the nation's third-largest automaker and a sign of what analysts said would be a weak month for Detroit's Big Three.
November sales of 179,628, up from 177,073 in November 1995, set a record for the month, and Chrysler's year... | 48 |
Peregrine Inc. may let go up to half of the 5,500 hourly employees at the four former General Motors Corp. component plants it purchased last month, the new company's top executive said Thursday.
Peregrine Chief Executive Officer Edward Gulda, in a briefing with reporters, said workers not needed at Peregrine would be ... | 48 |
Ford Motor Co. on Friday became the second of the U.S. Big Three automakers to align itself with the emerging auto superstore trend by announcing a new agreement with Republic Industries Inc., the parent company of AutoNation USA.
Under the agreement, AutoNation can submit proposals to acquire existing Ford or Lincoln-... | 48 |
General Motors Corp. said Tuesday it signed a memorandum of understanding to sell four parts plants to a new company that plans to be major auto industry supplier with more than $1 billion in annual sales.
The new company, Peregrine Inc., was formed by the New York investment firm Joseph Littlejohn & Levy and auto ... | 48 |
General Motors Corp., facing a rancorous strike by its Canadian workers, Tuesday reported a $1.3 billion third-quarter profit that was boosted by strong automotive results and an unsually low income tax rate.
The world's largest automaker said the combined net income of its North American Automotive Operations and its ... | 48 |
The engines have been started in the race to succeed Alex Trotman for the top office at Ford Motor Co.
The company Thursday promoted two long-time Ford executives into positions that will allow them to prove if they are worthy of occupying one or more top spots at Detroit's No. 2 automaker.
Edward Hagenlocker, 56, was ... | 48 |
Chrysler Corp minivans have came under fire again from U.S. safety regulators, as federal officials said Tuesday they stepped up two probes involving the vehicles' doors, including an inquiry into several dozen reported collapses of a 90-pound rear hatch.
Nearly two million minivans are involved in the investigations, ... | 48 |
General Motors Corp. told employees it has a potential buyer for four of its parts plants, but denied reports Tuesday that it is in discussions to sell the facilities to Canadian auto supplier Magna International Inc.
GM informed workers at its Delphi Interior and Lighting Systems plant in Flint, Mich., on Monday that ... | 48 |
Sales of light vehicles in December are expected to be down as much as 6 percent from an unusually strong month a year ago, but analysts say the pace was robust enough for 1996's total to match industry projections of 15.1 million units.
General Motors Corp. will endure the largest drop of the Big Three, with the daily... | 48 |
Calling it a crucial change for how it develops new cars and trucks, Ford Motor Co. Wednesday launched a new computer-aided design project based on a computer program from Structural Dynamics Research Corp..
Ford said the new project, called C3P, will cut prototype costs by up to 50 percent; improve investment efficien... | 48 |
With Chairman Jack Smith behind the wheel of a shiny red EV1, General Motors Corp. rolled its first electric vehicle out of the plant Thursday, marking what it dubbed the start of a new era in the auto industry.
The car was loaded on the back of an auto-hauling truck at the Lansing Craft Centre that will take it on the... | 48 |
While the U.S. auto industry celebrated its 100th birthday in 1996 with higher sales and a new labor accord, it expects its 101st year to feature a flat environment and tougher competition from foreign shores.
Forecasts for 1997 project sales of total vehicles will be roughly the same as the 15.4 million seen for 1996.... | 48 |
New pickup trucks and sport/utility vehicles helped Ford Motor Co.'s third-quarter profits nearly double to $686 million, the company said Wednesday, but it alarmed analysts with growing losses in Europe.
Ford eeked out a $15 million profit from its worldwide automotive operations -- versus a loss of $201 million a yea... | 48 |
Chrysler Corp. Tuesday reported brisk sales of minivans and pickup trucks for August, pushing total U.S. sales for the automaker up 9 percent on a daily selling basis to 186,306.
The August total broke a company record for the month of 176,184 set in 1989.
Sales of light trucks, including popular Ram pickups and four-d... | 48 |
While General Motors Corp. struggles to overcome labour costs of $43 an hour at its parts plants, the head of one global auto supplier is painting a Darwinian view of the future, in which an increasing number of workers earn less than $10 an hour.
Nearly one-quarter of ITT Automotive Inc.'s workers around the world wil... | 48 |
Chrysler Corp. said Tuesday it has filed an appeal protesting a California Department of Motor Vehicle (DMV) ban on shipping new vehicles to dealers in the state for allegely violating the state's "lemon law."
The move, which had been expected, means the U.S No. 3 automaker can delay any effect of the 45-day ban for ye... | 48 |
General Motors Corp.'s sales slipped nearly 8 percent in October, dragged down by steep declines in car sales, while Chrysler Corp. posted another double-digit jump for the month, the automakers said Friday.
GM's total vehicles were 402,420 in October, off 7.8 percent on a daily sales basis from 420,408 in the year-ago... | 48 |
A gunman in military fatigues burst into a Ford Motor Co. assembly plant and opened fire Thursday, killing one and wounding two others before eluding police in a series of draininge tunnels.
Police said they trapped the man and he gave up voluntarily after a tense, four and a half-hour standoff.
Sgt. Clarence Goodlein ... | 48 |
Sales of light vehicle in December are expected to be down as much as 6 percent from an unusually strong month a year ago, but analysts say the pace was robust enough for 1996's total to match industry projections of 15.1 million units.
General Motors Corp. will endure the largest drop of the Big Three, with the daily ... | 48 |
The president of Ford Motor Co.'s automotive operations denied Thursday that the company is mulling plant closures in North America, but added that Ford is pressing employees to chop an additional $2.5 billion from its 1997 spending plans.
Jacques Nasser, president of Ford Automotive Operations, told reporters the nati... | 48 |
A gunman in military fatigues shot his way into a Ford Motor Co. assembly plant and continued firing Thursday, killing one person and wounding two before barricading himself in a network of drainage tunnels.
The suspect, 29-year-old Gerald Atkins of Wixom, fired repeatedly at officers in a 4 1/2-hour standoff but had g... | 48 |
The U.S. auto industry celebrated its 100th birthday in 1996 with higher sales and a new labour accord, but it can expect tough competition from foreign shores in the coming year.
Clouds loom on the horizon, namely from Detroit's old nemesis -- Japan.
The relatively weak Japanese yen promises to give cost-conscious Big... | 48 |
Bargainers for the United Auto Workers union and General Motors Corp. continued bargaining on Sunday but kept a tight lid on whether any progress was being made toward a new labour pact as a midnight (0500 GMT) deadline loomed.
GM spokesman Ray Deibel said talks resumed at midmorning Sunday after they adjourned Saturda... | 48 |
Chrysler Corp. minivans have came under fire again from safety regulators, who said Tuesday they stepped up probes into two problems, including reports that a 90-pound rear hatch door can close suddenly without warning.
Nearly 2 million minivans are involved in the investigations, which were also sparked by reports tha... | 48 |
Volkswagen AG Czech unit Skoda Auto a.s. said on Monday its new mid-sized "Octavia" sedan will list on its home market at a base price of 335,700 crowns ($12,800), at the low end of its class.
At a media presentation at the plant north of Prague, marketing chief Detlef Wittig said Skoda will make 64,000 Octavias next y... | 13 |
Czech National Bank (CNB) Governor Josef Tosovsky on Friday said the central bank was committed to keeping the crown strong, despite some calls to devalue the appreciating currency to help exports.
Speaking after a meeting with Prime Minister Vaclav Klaus and top business executives, Tosovsky said the central bank woul... | 13 |
The Czech cabinet should decide soon on the further privatisation of the largest savings bank, Ceska Sporitelna a.s. to clarify the situation for potential investors, a bank official said on Thursday.
Sporitelna's deputy general director Jaroslav Svoboda said however there was not a need to hurry with the privatisation... | 13 |
The chairman of Germany's opposition Social Democrats (SPD), Oskar Lafontaine, told Czech President Vaclav Havel on Wednesday that his party would push for approval of a long-awaited post-war reconciliation pact, Havel's spokesman said.
Speaking after a meeting of the two officials, Havel's spokesman Ladislav Spacek to... | 13 |
A reporter's call to the new director's secretary at a major Czech industrial company went something like this:
Journalist: "Could you please tell me Mr Novak's first name?"
Secretary, with no hesitation: "Doctor."
Czechs are obsessed with academic titles. It was Justice Minister Jan Kalvoda's use of an unattained "Doc... | 13 |
Czech Prime Minister Vaclav Klaus accused opposition Social Democrat leader Milos Zeman of lying and losing his nerve as neck-and-neck campaigning for weekend Senate elections turned increasingly bitter.
Zeman made a thinly-veiled allegation that the BIS intelligence agency had tried to extract compromising material fr... | 13 |
The Czech Statistical Bureau
(CSU) said on Thursday it would change its methodology for
calculating industrial production, to bring it in line with
western standards.
CSU Chairman Edvard Outrata said the change, which updates
the old methodology introduced in 1953 under communist
planning, would take effect in January ... | 13 |
The "Big Four" state-controlled Czech banks need owners who could secure their growth and international competitivness, a vice-governor of the Czech National Bank (CNB), Pavel Kysilka, said on Wednesday.
"We need strong, stable, sound and efficient banks able to compete on the European market," Kysilka told a banking s... | 13 |
The party of Czech Prime Minister Vaclav Klaus pulled ahead in Senate elections on Saturday but with turnout at just 35 percent, the real winner was apathy.
In what was billed as a key test of Klaus's minority coalition government, candidates of his centre-right Civic Democratic Party (ODS) topped voting in 66 of the 7... | 13 |
Prime Minister Vaclav Klaus, in his dual role as economics professor, said on Monday the large Czech foreign trade deficit came from a temporary investment wave, and he forecast a perpetual, but smaller trade gap.
Lecturing a packed assembly hall at the Prague School of Economics, Klaus, a freshly-accredited professor ... | 13 |
Czech National Bank (CNB) Governor Josef Tosovsky said on Friday that there was no need to hurry the of the state's stake in the country's largest commercial bank, Komercni Banka a.s..
He said when the time comes to sell the stake of some 49 percent it could be offered to several investors.
"There is not a need to hurr... | 13 |
Bidders for a stake in troubled Czech aircraft maker Aero Vodochody a.s. must offer at least 950 million Czech crowns ($35 million) for the shares, Industry and Trade Minister Vladimir Dlouhy said on Thursday.
But he told a news conference that the tender, open to domestic and foreign bidders seeking to revitalise the ... | 13 |
Prime Minister Vaclav Klaus, in his dual role as economics professor, said on Monday the large Czech foreign trade deficit came from a temporary investment wave, and he forecast a perpetual, but smaller trade gap.
Lecturing a packed assembly hall at the Prague School of Economics, Klaus, a freshly-accredited professor ... | 13 |
Czech power producer CEZ a.s. on Friday said its nine month net profit hit 8.4 billion crowns, up from 7.4 billion for the same period last year, according to international accounting standards, as household electricity demand surged.
CEZ's Director of Planning and Analysis section Petr Voboril told a news conference t... | 13 |
The three-party Czech coalition cabinet on Wednesday agreed to quickly find a new director for the country's secret service following the resignation of its former chief amid a pre-election political spying row.
Prime Minster Vaclav Klaus, head of the senior coalition Civic Democratic Party (ODS), told a news conferenc... | 13 |
The Czech National Bank (CNB) on Thursday laid out conditions for a government scheme to buy smaller banks' doubtful debts in an effort to restore confidence in the country's banks.
The CNB said it would demand that those participating in the scheme -- which is open to a total of 13 small, private, banks -- follow stri... | 13 |
Prime Minister Vaclav Klaus on Tuesday said the 1997 Czech state budget, to be presented to the full cabinet in September, plans an overall spending increase of 11.8 percent.
Speaking to reporters after a working session of economics ministers, Klaus also said he did not expect inflation to fall below eight percent nex... | 13 |
Disgruntled Czech opposition Social Democrats have blamed party chairman Milos Zeman for their poor showing in weekend elections for the country's new Senate.
They suggested that charges by Zeman ahead of the elections that intelligence agents had harassed himself and his mother had backfired on the party, which had be... | 13 |
The largest Czech commercial bank, Komercni Banka a.s. , on Friday posted roughly 10 percent lower nine-month results but attributed the drop to accounting changes and KB's shares rose on the news.
The bank's net profit, calculated under international accounting standards, declined to 4.88 billion crowns from 5.44 bill... | 13 |
The Czech Republic could have a 50,000- 100,000 tonne sugar surplus from this year's campaign but little will be exported due to high local production costs and a world sugar surplus, sugar experts say.
The Agriculture Ministry said the state would buy some surplus sugar for strategic reserves and would prepare indirec... | 13 |
Czech Prime Minister Vaclav Klaus announced a state commission on Wednesday to attack bureaucracy in the land of Franz Kafka.
It will have a steering committee, a chairman, two vice-chairmen, two sections, six sub-commissions and more members than the Klaus's cabinet.
But Klaus denied suggestions that the new "Commissi... | 13 |
The Czech government on Tuesday approved the text of a long-awaited declaration on post-World War Two reconciliation with Germany, paving the way for its initialling on Friday.
The declaration, leaked to news media last week, contains mutual expressions of regret for the Nazi occupation from 1938 to 1945 and for excess... | 13 |
Bitter infighting broke out among Czech Social Democrats on Friday only a month before elections in which the opposition party hopes to humiliate conservative Prime Minister Vaclav Klaus.
Party chairman Milos Zeman denied there was any split in his party, which is running neck and neck with Klaus's Civic Democratic Par... | 13 |
The party of Czech Prime Minister Vaclav Klaus performed strongly in Senate elections on Saturday but with turnout at 35 percent, the real winner was apathy.
In what was billed as a key test of the minority coalition government, Klaus's centre-right Civic Democratic Party (ODS) took a commanding 36.47 percent of the fi... | 13 |
Czech National Bank (CNB) Governor Josef Tosovsky on Friday said the central bank was committed to keeping the crown strong, despite some calls to depreciate the currency to help exports.
Speaking after a meeting with Prime Minister Vaclav Klaus and top business executives, Tosovsky said the central bank would keep the... | 13 |
Czech Prime Minister Vaclav Klaus on Wednesday said the government had approved a plan to privatise at least part of the state's 31.5 percent stake in commercial bank IPB a.s..
Speaking after the government's regular weekly session, Klaus said he had charged Finance Minister Ivan Kocarnik with the task of setting condi... | 13 |
Czech surgeons began exploratory surgery on President Vaclav Havel on Monday to remove a spot from his lung, but the former dissident playwright has said that his health was not in serious danger.
Havel's office announced in a statement that a news briefing would be held on Monday afternoon after the operation but an o... | 13 |
The largest Czech commercial bank, Komercni Banka a.s., said on Friday that profits in the first nine months of this year fell some 10 percent due to accounting changes. The shares rose on the news.
The bank's net profit, calculated under international accounting standards, declined to 4.88 billion crowns from 5.44 bil... | 13 |
Czech consumer prices rose less than expected in September, but analysts said on Tuesday it remained unclear if the government can meet its full-year target.
The Czech Statistical Bureau (CSU) said prices rose 0.3 percent in September versus analysts' expectations of a 0.6 percent rise.
The year-on-year inflation stood... | 13 |
Czech National Bank (CNB) Governor Josef Tosovsky said on Friday that there was no need to hurry the privatisation of shares in the largest commercial bank, Komercni Banka a.s. .
He said when the time comes to sell the state's roughly 49 percent in Komercni, it is possible the stake could be divided for sale to several... | 13 |
Volkswagen AG Czech unit Skoda Auto a.s. said on Monday its new mid-sized "Octavia" sedan will list on its home market at a base price of 335,700 crowns, at the low end of its class.
At a media presentation at the plant north of Prague, marketing chief Detlef Wittig said Skoda will make 64,000 Octavias next year, and r... | 13 |
The main Czech oil refiner, Ceska Rafinerska a.s., said on Wednesday it would reopen the hydrocracking unit at its Litvinov refinery, damaged by a fire last month, by the end of January.
Company spokesman Ales Soukup said that the fire on December 2, and another apparently unrelated fire eight days before that, would h... | 13 |
Czech Prime Minister Vaclav Klaus said on Wednesday that there was no reason to hurry the privatisation of the country's four largest banks.
"(The privatisation) does not have any exceptional level of urgency," Klaus told a news conference after a cabinet meeting.
He said the cabinet would wait until the central bank s... | 13 |
Czech Prime Minister Vaclav Klaus announced a state commission on Wednesday to attack bureaucracy in the land of Franz Kafka.
It will have a steering committee, a chairman, two vice-chairmen, two sections, six sub-commissions and more members than Klaus's cabinet.
But Klaus denied suggestions that the new "Commission f... | 13 |
The Czech government on Tuesday approved the text of a long-awaited declaration on post-World War Two reconciliation with Germany, paving the way for its initialling on Friday.
The declaration, leaked to news media last week, contains mutual expressions of regret for the Nazi occupation from 1938 to 1945 and for excess... | 13 |
Czech Ceska Rafinerska a.s. closed a cracking unit at its Litvinov refinery on Monday after the second fire in eight days struck the plant, company spokesman Ales Soukup said.
But he said the restoration of crude processing, which was halted after the first fire, would continue.
A fire broke out on Sunday night in a f... | 13 |
The Czech government faces one of its most difficult decisions in choosing how to diversify natural gas supplies now coming solely from Russia, Industry and Trade Minister Vladimir Dlouhy said on Thursday.
"It is going to be one of the toughest decisions of this cabinet," ministry spokesman Miroslav Konvalina quoted Dl... | 13 |
A reporter's call to the new director's secretary at a major Czech industrial company went something like this:
Journalist: "Could you please tell me Mr. Novak's first name."
Secretary (with no hesitation): "Doctor."
Czechs are obsessed with academic titles.
It was Justice Minister Jan Kalvoda's use of an unattained "D... | 13 |
The Czech Agriculture Ministry on Friday halted a shipment of U.S. maize thought to contain genetically-manipulated strains, pending further study on its effects.
Until the study is finished no maize from the shipment will be distributed in the Czech Republic, it added.
Frantisek Havir of the ministry's agriculture pro... | 13 |
The Czech government on Wednesday approved rules for a tender to sell a stake of about 34 percent in the financially troubled jet aircraft maker Aero Vodochody a.s. to a strategic partner.
Prime Minister Vaclav Klaus told a news conference after a cabinet meeting that the tender is open to both domestic and foreign inv... | 13 |
The Czech Statistical Bureau (CSU) said on Thursday it would change its methodology for calculating industrial production, to bring it in line with western standards.
CSU Chairman Edvard Outrata said the change, which updates the old methodology introduced in 1953 under communist planning, would take effect in January ... | 13 |
Czech consumer prices edged up less than expected in September, pleasantly surprising analysts though they remain guarded on the prospects of whether the government can hit its full-year target.
The Czech Statistical Bureau (CSU) said on Tuesday that CPI rose 0.3 percent, month-on-month, in September after an equally u... | 13 |
The Czech Republic could have a 50,000- 100,000 tonne sugar surplus from this year's campaign but little will be exported due to high local production costs and a world sugar surplus, sugar experts say.
The Agriculture Ministry said the state would buy some surplus sugar for strategic reserves and would prepare indirec... | 13 |
Czech power producer CEZ a.s. on Friday said its nine month net profit hit 8.4 billion crowns ($312.6 million), up from 7.4 billion for the same period last year, according to international accounting standards, after household electricity demand surged.
CEZ's Director of Planning and Analysis section Petr Voboril told... | 13 |
The Czech government delayed payments and forced some early collections in order to allow it to claim its fourth straight budget surplus in 1996, Finance Minister Ivan Kocarnik said on Tuesday.
Kocarnik told a news conference that it was not yet clear whether the 1996 budget balancing measures and a slowdown in forecas... | 13 |
Czech President Vaclav Havel on Tuesday called the opposition Social Democrat leader "extremely irresponsible" for claiming the secret service was being used for party politics.
Havel's remarks came as campaigning for closely-fought Senate elections due this weekend turned increasingly bitter, with the secret service i... | 13 |
The Czech government on Wednesday approved rules for a tender to sell a stake of about 34 percent in the financially troubled jet aircraft maker Aero Vodochody a.s. to a strategic partner.
Prime Minister Vaclav Klaus told a news conference after a cabinet meeting, that the tender is open to both domestic and foreign in... | 13 |
The Czech ruling centre-right coalition agreed on Monday to name Vlasta Parkanova as justice minister, replacing Jan Kalvoda who resigned last month after he admitted to using an unattained "Doctor of Law" title.
But coalition leaders agreed to wait on the choice of a replacement for Kalvoda, who is chairman of a small... | 13 |
Czech President Vaclav Havel, nursing a heavy cold, voted in Senate elections on Friday and called on fellow citizens to turn out despite widespread apathy or even hostility towards the newly created upper house.
Voting in a Prague suburb, Havel showed his identity card to election officials before patiently queueing u... | 13 |
The Czech Republic's sole supplier of natural gas, Russia's Gazprom, has agreed to start talks on a long-term supply deal, Industry and Trade minister Vladimir Dlouhy said on Tuesday.
He said the talks would focused on a contract for supplies of 8.9 billion cubic metres (bcm) per year.
"Today's offer respects this conc... | 13 |
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