Maruti Suzuki discontinues Celerio Diesel

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As reported earlier in September 2016, Maruti Suzuki has discontinued sales of the Celerio diesel in India. While the automaker hasn’t made an official announcement about the step, the updated price list of the Celerio on the official website only shows prices of the petrol variants.

The Celerio was initially launched in 2014 with petrol and CNG variants. The car got a satisfactory response, mainly driven by the AMT (automated manual transmission) variants. To further take advantage of the Celerio brand name, Maruti added a diesel engine option in 2015.

The Celerio Diesel was powered by a 793 cc, two-cylinder engine that put out 47 BHP and 125 Nm of torque while being mated to a 5-speed manual gearbox. Being a two-cylinder unit, NVH levels of this DDiS 125 engine weren’t acceptable, especially while idling. Moreover, the small capacity engine lacked in the power department as compared to other cars available in the price band. All these issues cumulatively resulted in a lukewarm response for the Celerio Diesel.

Maruti did try to revive the car’s sales by offering some discounts, but could not surpass the limitations of the 793 cc two-cylinder engine block. Maruti dealers eventually offered discounts of up to Rs. 1 lakh on the Celerio Diesel during the last couple of months of 2016 to clear existing stocks.

Source: Link

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The new Mercedes-AMG E 63 4MATIC+ Estate and E 63 S 4MATIC+ Estate: Dynamism meets space and intelligence

Mercedes-AMG E 63 4MATIC+ T-Modell und E 63 S 4MATIC+ T-Modell; S 213, 2016
Affalterbach. In the new E 63 4MATIC+* Estate and E 63 S 4MATIC+* Estate, Mercedes‑AMG combines the brand’s hallmark Driving Performance with high utility value and the intelligence of the E‑Class. As in the Saloon, the 4.0‑litre V8 biturbo engine with an output of up to 450 kW (612 hp) and the fully variable AMG Performance 4MATIC+ all-wheel drive deliver outstanding driving dynamics. Acceleration from 0 to 100 km/h in 3.5 seconds sets a new record in this class. At the same time the engine is now even more efficient thanks to a cylinder deactivation system fitted as standard.

Like the Saloon, the E 63 4MATIC Estate and E 63 S 4MATIC+ Estate offer innovative drive technology and outstanding performance coupled with a unique design, exclusive appointments and the latest infotainment features for a wide range of connected multimedia applications.

Mercedes-AMG E 63 4MATIC+ T-Modell und E 63 S 4MATIC+ T-Modell; S 213, 2016

The new Estate boasts even more agile response than its predecessor: the AMG SPEEDSHIFT MCT (Multi Clutch Technology) 9‑s peed sports transmission is combined with a wet clutch. Another highlight is the new AMG Performance 4MATIC+ all-wheel-drive system, which combines the advantages of various drive configurations. Torque distribution on the front and rear axles, which is fully variable for the first time, ensures optimum traction in all road conditions.

“The new AMG E 63 Estate combines our brand’s hallmark driving dynamics with high everyday practicality. It is not for nothing that the model has been a permanent fixture in the AMG portfolio for 40 years. The powerful engine and the intelligent all-wheel drive underpin our claim to always be at the forefront of development when it comes to performance,” states Tobias Moers, Chairman of the Board of Management of Mercedes-AMG GmbH.

Technical data at a glance

  E 63 4MATIC+ Estate E 63 S 4MATIC+ Estate
Engine 4.0-litre V8 with twin turbochargers and direct injection 4.0-litre V8 with twin turbochargers and direct injection
Displacement 3982 cc 3982 cc
Output 420 kW (571 hp) at 5750–6500 rpm 450 kW (612 hp) at 5750–6500 rpm
Max. torque 750 Nm at 2250–5000 rpm 850 Nm at 2500–4500 rpm
Drive system AMG Performance 4MATIC+ permanent all-wheel drive with variable torque distribution AMG Performance 4MATIC+ permanent all-wheel drive with variable torque distribution and drift mode
Transmission AMG SPEEDSHIFT MCT 9-speed sports transmission AMG SPEEDSHIFT MCT 9-speed sports transmission
Combined fuel

consumption

 

9.4–9.1 l/100 km

 

9.4–9.1 l/100 km

Combined CO2 emissions 214–206 g/km 214–206 g/km
Efficiency class D D
Weight (DIN/EC) 1985 kg*/2060 kg** 1995 kg*/2070 kg**
Acceleration 0-100 km/h 3.6 s 3.5 s
Top speed 250 km/h*** 250 km/h***

*DIN kerb weight, not including driver; **EC kerb weight, including driver (75 kg); ***Electronically limited, 290 km/h with AMG Driver’s package

Exterior design

Every detail of the exterior is designed to enable AMG Driving Performance to be experienced at first hand from every perspective. The distinctive, sporty design of the front end forward of the A-pillar demonstrates the lengths AMG goes to when it comes to development: For the first time on an AMG estate, the bonnet is inset between the wings and bumper like on a coupé, thus exhibiting an entirely new, more dynamic approach to the sculpting. More powerful-looking and 27 millimetres wider, the wheel arches accommodate the greater track width and the larger wheels on the front axle.

A wide front apron inspired by the design of a jet wing, with flics in black and a large front splitter, impressively epitomises the power of the new models. It also showcases the sophisticated cooling technology – a typical feature from motorsport and another visual reference to the powerful engine.

The side sill panels make the estate appear to sit lower on the road and elongate the overall line, culminating in a muscular rear end with an apron insert sporting a diffuser look and the two high-gloss chrome-plated twin tailpipe trims of the exhaust system. The hallmark AMG V8 sound has been tuned specifically for the Estate model.

Designers and aerodynamics experts worked closely together to develop the E 63 4MATIC+ Estate. Their insights not only resulted in the striking AMG bodystyling but also the performance-oriented lift balance – for agile handling characteristics on country roads and optimum driving stability at high speed on the motorway.

The new E 63 4MATIC+ Estate likewise sets standards in its segment when it comes to everyday practicality: boasting a capacity of 640 to 1820 litres, its boot is the largest in the performance estate segment. The rear seat back comes as standard with a new cargo-related functionality: it can be positioned at a 10-degree steeper angle. This creates an additional 30 litres of cargo volume while continuing to enable full use to be made of five seats. In addition, the rear seat back can be folded down in a 40:20:40 split. Unlocking is electric.

New peak of performance: 4.0-litre V8 biturbo engine with twin-scroll turbochargers

The versatile AMG 4.0-litre twin-turbo V8 engine in the E 63 S 4MATIC+ Estate takes peak output to a new level at450 kW (612 hp). The maximum torque of 850 Nm is likewise a new high. It is available over a broad engine speed range of 2500 to 4500 rpm and so provides a feeling of effortless superiority in every accelerator pedal position. The E 63 4MATIC+ Estate is rated at 420 kW (571 hp) and has 750 Nm of torque. The S version completes the sprint from 0 to 100 km/h in 3.5 seconds, the E 63 4MATIC+ in 3.6 seconds.

The standard-fit AMG Cylinder Management and a number of other measures make the new performance estate exceptionally efficient: with a combined fuel consumption of 9.1 litres per 100 kilometres and CO2 emissions of 206 grams per kilometre (combined), both engine variants set a new best by comparison with their competitors. Twin-scroll turbochargers are installed for the first time to further enhance the performance and response of the AMG 4.0-litre V8 engine. They reduce the exhaust gas backpressure and optimise the gas cycle, resulting in higher output, exceptionally spontaneous response and higher torque at low revs.

AMG Performance 4MATIC+ variable all-wheel drive

Both estate models come with the innovative AMG Performance 4MATIC+ all‑wheel-drive system fitted as standard. This newly engineered, intelligent system brings together the advantages of various drive configurations: torque distribution on the front and rear axles, which is fully variable for the first time, ensures optimum traction on any surface. The driver can rely on a high level of handling safety.

An electromechanically controlled coupling connects the permanently driven rear axle variably to the front axle. The best possible torque distribution is calculated continuously. The performance estate can thus be driven in a continuously variable way from traction-oriented all-wheel drive to purely rear-wheel drive. In addition to traction and lateral dynamics, the all-wheel-drive system also improves the longitudinal dynamics for even more powerful acceleration.

Short shift times, high efficiency: the AMG SPEEDSHIFT MCT 9-speed transmission

The AMG SPEEDSHIFT MCT 9-speed transmission is specially tuned to the requirements of both models, featuring re-engineered hardware and software. The software enables extremely short shift times and fast multiple downshifts while the double-clutching function makes for an emotive gearshifting experience. A wet clutch replaces the torque converter. It saves weight and optimises response, especially when accelerating or coming off the power.

For a personalised experience: AMG DYNAMIC SELECT drive programs

The four different AMG DYNAMIC SELECT drive programs “Comfort”, “Sport”, “Sport Plus” and “Individual” allow drivers to extensively influence the characteristics of the E 63 Estate. Key parameters are modified – such as the response of the engine, transmission, suspension, steering, ESP® and all-wheel-drive system. Independently of the drive programs, the driver has the option of pressing the “M” button to switch directly to manual mode, in which gearshifts are performed exclusively using the shift paddles on the steering wheel. Individual suspension settings can be selected as required. The S version also comes with the “RACE” drive program for highly dynamic driving on closed race circuits. Here all parameters are set for maximum performance.

Specially developed suspension for maximum lateral and longitudinal dynamics

The agility and the high cornering speeds of the new models are down to the all‑new AMG suspension with full-support multi-chamber air suspension, which ensures exceptionally high levels of camber stability, driving dynamics and steering precision.

A four-link front axle design uses forged aluminium components with wishbones, strut rod and spring link. Independent wheel control and wheel suspension parts enable higher lateral acceleration, but minimal torque steer on the steering system. The likewise model-specific, completely redesigned rear axle was specially adapted to the higher vehicle dynamics. The suspension thus ensures hallmark E-Class comfort with high levels of precision and driving dynamics.

Personalised driving experience thanks to three-chamber air suspension system

Thanks to a sporty spring and damper set-up and continuously variable damping, the new three-chamber air suspension system combines exemplary driving dynamics with excellent road roar and tyre vibration characteristics. The stiffness of the air springs can be adjusted over a wide range by activating or deactivating individual air chambers, which tangibly enhances comfort and handling.

There are three degrees of spring tuning, depending on the selected drive program and current driving status. The spring rate is hardened automatically in the event of sudden load changes, fast cornering, heavy acceleration or heavy braking, which effectively reduces roll and pitching while stabilising the performance estate.

The adaptive damping can be set in three stages – “Comfort, Sport and Sport Plus” – to choose between relaxed comfort on long journeys and maximum sportiness. The rebound and compression levels are adjusted independently of each other, and the freely programmable characteristics map permits a wide spread between the minimum and maximum damper force. The difference between the comfortable and sporty suspension setting is more refined and is clearly perceptible – depending on the driving style.

Rear differential lock: optimum traction

For improved traction and vehicle dynamics, the E 63 4MATIC+ Estate has a mechanical rear-axle limited-slip differential, while the S model comes with an electronically controlled version. Both differentials reduce the slip on the inside wheel when cornering, without control interventions in the braking system. The driver is able to accelerate out of bends earlier and more powerfully. The car remains more stable when braking from high speeds, the limited-slip differential improves traction when moving off.

The greatest benefit of the electronic rear-axle limited-slip differential is the even more sensitive and proactive control, which pushes the thresholds higher and makes it easier to drive at the vehicle’s limits. The three-stage ESP® with “ESP ON”, “ESP SPORT Handling Mode” and “ESP OFF” settings works in precise unison with the rear-axle limited-slip differential and the all-wheel drive, and is optimally tuned to the outstanding dynamics.

E 63 S 4MATIC+ with dynamic engine mounts as standard

Uniquely in this segment, the E 63 S 4MATIC+ Estate is fitted with dynamic engine mounts, which solve the conflicting goals of achieving as soft a connection as possible to the powertrain for high comfort and as rigid a connection as possible for optimum driving dynamics. The dynamic mounts are quickly and variably able to adapt their stiffness to the driving conditions and requirements. These measures enhance the vehicle’s precision when driven dynamically, while the soft setting increases comfort tangibly.

Direct and with clear feedback: the AMG speed-sensitive steering

Both models feature electromechanical speed-sensitive sports steering with a variable ratio, which impresses thanks to the rack ratio with precise and authentic feedback. Steering power assistance is variably adjusted in the stages “Comfort”, “Sport” or “Sport Plus”. The relevant characteristics are automatically activated depending on the selected DYNAMIC SELECT drive program or can be personalised in “Individual” mode. The driver does not need to steer much at low speeds while at high speed he or she is able to rely on solid straight-line stability.

Good sensitivity and fade-resistant: the AMG high-performance braking system

The large-sized high-performance compound braking system is reliable, quick and fade-resistant, even under high loads. There are internally ventilated and perforated compound brake discs in size 360 x 36 mm at the front with six-piston fixed callipers and in size 360 x 24 mm with single-piston floating brake callipers on the rear axle.

The S version is fitted with even larger compound brake discs on the front axle in size 390 x 36 mm. Plus there is an AMG Carbon Ceramic braking system available as an option, with brake discs in size 402 x 39 mm on the front axle and 360 x 32 mm on the rear axle.

Sporty characteristics: the interior design

The interior reinforces the consistently dynamic bias with numerous specially designed details. The AMG performance steering wheel in black nappa leather is ideal for a sporty driving style. The driver and front passenger enjoy a secure position in the front sports seats, whatever the driving style, thanks to the improved lateral support. AMG performance seats with integral head restraints can be ordered as an option. The interior of the S version has been further refined and includes a nappa leather trim for the dashboard and beltlines as well as seat belts in crystal grey and a steering wheel with grey 12-o’clock marking.

All of the important information appears within the driver’s field of vision on the AMG instrument cluster. Dials in a carbon-fibre look and the distinctive typography lend the displays an especially sporty touch. The widescreen multifunction display with two monitors comes as standard in the S version, otherwise it is available as an option. With the widescreen display, the driver can choose from three display designs unique to AMG: Classic, Sport and Progressive.

Intelligent Drive

The E 63 4MATIC+ Estate and the S version feature all the connectivity and Intelligent Drive functions of the Mercedes-Benz E-Class Estate, such as DRIVE PILOT to assist the driver with semi-automated driving in traffic jams or on routine trips.

In addition to the standard functions of Mercedes me connect, Remote Online (included as standard with COMAND Online) offers a range of convenience features via smartphone. New functions include the Concierge Service with personal services such as weather and stock-market information, route recommendations, or suggestions for sporting or cultural activities. The required navigation data is transmitted straight to the vehicle. This service is free of charge for the first year.

Even more exclusivity: the E 63 S 4MATIC+ Estate “Edition 1”

From launch, the E 63 S 4MATIC+ Estate will be available as the exclusively configured “Edition 1” for around one year. The paintwork in designo selenite grey magno or optionally in designo night black magno and the AMG Night package further enhance the car’s powerful aura while the light grey stripes above the side sill panels emphasise the elongated side line to full effect. Added to this are the AMG 20-inch 7-twin-spoke forged wheels, painted in matt black with high-gloss polished rim flange.

AMG performance seats in black nappa leather with yellow top stitching create an exceptionally sporty ambience in the interior, which is further enhanced by the colour-coordinated yellow highlights on the AMG performance sports steering wheel, upper part of the dashboard, door panels, centre console, AMG floor mats and analogue clock in IWC design. The sports steering wheel in black DINAMICA microfibre features “Edition 1” lettering and a 12-o’clock marking in black. Carbon-fibre trim elements further enhance the exciting juxtaposition of colours and materials.

The world premiere of the two performance estate models will be at the Geneva Motor Show in March 2017. Sales release is in April 2017, with the market launch scheduled to start in June 2017.

Tata Motors forays into future mobility solutions with TAMO

press-2feb17-landing

As reported earlier by us, Tata Motors unveiled their new sub-brand TAMO.

As a core element of its transformation journey ‘FutuReady’, Tata Motors presented today its new Passenger Vehicle strategy and introduced its new sub-brand – TAMO. It will act as an incubating center of innovation towards new technologies, business models and partnerships in order to define future mobility solutions.

TAMO as a new, separated vertical will operate in the first step on a low volume, low investment model to provide fast tracked proves of technologies and concepts. TAMO will act as an open platform to network with global startups and leading tech companies, to get access to trends, innovations and solutions, for the design of exciting future products and services. For the rapidly changing automotive environment, TAMO will transform the experience of interfacing and interacting with customers and the wider community. TAMO will provide a digital eco-system, which will be leveraged by Tata Motors to support the mainstream business in the future.

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Speaking on the announcement, Guenter Butschek, MD & CEO, Tata Motors, said, “The success of our transformation journey ‘FutuReady’ is measured by our vision and depends on our ability to deliver on our comprehensive strategies for our business units. Our game plan addresses six themes – topline improvement, cost management, structural improvements, customer centricity, new mobility solutions and organizational effectiveness. To secure our future in a rapidly changing environment, the advanced mobility solutions space is of utmost importance. The introduction of TAMO will help us to co-design India’s automotive footprint by taking new technologies and mobility concepts as a new ecosystem to market.”

Tata Motors’ New Passenger Vehicle (PV) Strategy

To achieve sustainable financial performance, while delivering exciting innovations, Tata Motors is aiming to be amongst the top 3 passenger vehicles by 2019, in India. Taking an outside-in approach, Tata Motors reviewed its existing PV product portfolio and formulated a new PV strategy based on the evaluation of different customer segments and global progressions in terms of design, technology and innovation. Tata Motors foresees a strong demand growth in the hatchback and the SUV segments, according to this study.

Speaking on its well-defined PV Strategy, Mayank Pareek, President, PV Business, Tata Motors, said, “In line with our new PV strategy, our portfolio will include a mix of brand enhancing products and ones that are well aligned to the rising aspirations of the different target customer segments. Our strategy is to deliver 7-8 product variants from two platforms, for greater coverage and sizable economies of scale. Our new architectural approach supports our effort to reduce complexity, enables future technologies and ensures global relevance. We have mapped technology solutions in key areas such as powertrain systems, ADAS and enhanced connectivity to our future product portfolio and have defined the application framework. Our goal is not to just comply with the emerging regulations but be ahead of the requirement.”


Technology drivers that will lead the future

The automotive industry is facing a discontinuity in the nature of mobility, and the products & services needed to satisfy the emerging customer preferences. These emerging trends may lead to a new set of competitors thus causing disruption in the traditional operating models. To secure a future position in a rapidly changing environment, Tata Motors is actively exploring opportunities to offer products and solutions catering to the discerning needs of our customers, new approaches, technologies, business models and partnerships.

Speaking on tapping innovative mindset globally, Dr. Tim Leverton, President and Head Advanced and Product Engineering, Tata Motors, said, “With TAMO, we are starting a new era. The idea is to find new and agile ways of innovating and experimenting. Our success in this new mobility world will be contingent to our ability to network globally and to partner with new thought leaders. Our focus will be to scout for new technologies and to explore opportunities at the innovation hubs across the globe and to work with start-ups in the new spaces. Since this requires a different way of thinking, we will apply within TAMO also, new ways of working because leadership is all about time to market.”

The first product developed by TAMO will premiere at the upcoming 87th Geneva International Motor Show on March 7, 2017.

About Tata Motors

Tata Motors Limited is India’s largest automobile company, with consolidated revenues of INR 2,75,561 crores (USD 41.6 billion) in 2015-16. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India.  With over 9 million Tata vehicles plying in India, Tata Motors is the country’s market leader in commercial vehicles and among the top in passenger vehicles. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia.

Watch the action unfold as the countdown begins on www.tamo.co.in

Tata Motors to unveil performance brand TaMo; Two-seater mid-engined sportscar will be unveiled at 2017 Geneva Motor Show

According to an exclusive report by Autcar India, Tata Motors is developing an affordable sportscar, which will be sold under an all-new ‘TaMo’ (short for Tata Motors) performance brand. Internally known as the Futuro, this two-seater, mid-engined sportscar will first be unveiled as a concept at the 2017 Geneva motor show this March.

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Tata Aria Coupe concept displayed at 2001 Geneva Motor Show; Image source: Link

The Futoro will be positoned as a halo model and to give it exclusivity, Tata Motors is planning to limit sales to around 250 units. The Futuro’s styling is believed to be a modern interpretation of the erstwhile Opel Speedster (or Vauxhall VX220) and according to a company source will be ‘a stunning looking car for the money.’ Tata Motors is working hard to achieve a sticker price of around Rs 25 lakh for the production version of the Futuro which is expected to go on sale by mid-2018.

Details of the Futuro aren’t very clear but company sources say that the Tamo sportscar will be powered by a turbocharged 1.2 Revotron engine boosted to develop 180hp. Whilst the power output in absolute terms is unimpressive, a target kerb weight of under 800kg will it give the Futuro a good power-to-weigh ratio and hence decent performance.

Tata Motors posted on their Facebook official page that they are going announce something big on February 2nd and asked us to stay tuned to their page for more.
Here’s what they have posted on their FB page:tata-motos-performance-brand-tamo-futuro

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Tata Motors engineers are working hard to keep weight down and will use a mixture of composite plastics and aluminium to acheive this. Cost constraints have ruled out the use of carbon-fibre or any other exotic material. The Futuro has been completely designed in-house, but, according according to sources, the chassis construction is by design legend Marcello Gandini.

This is not the first time Tata Motors has shown a sportscar concept. At the 2000 Geneva motor show, the Aria roadster concept was unveiled, followed by a coupé version in 2001. These concepts never translated into production cars and the Aria name was eventually given to the Tata MPV.

This time around, however, Tata Motors is very serious about the Futuro, which it hopes will be a key model under the Tamo brand. Tata Motors’ strategy to launch the Tamo division is part of a massive brand overhaul the company has embarked on to transform its image from a carmaker of yesteryear to one that connects with tomorrow’s car buyers.

Via : Autocar India

Radek Strouhal named new CEO of TATRA TRUCKS

On 1st February 2017 former CFO Radek Strouhal will become CEO of TATRA TRUCKS after more than three successful years at the head of the truck maker’s financial department.

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“Radek has been part of Tatra’s management team since the current owners came on board. He played a key role in rescuing the company in terms of the financial management and negotiations with banks and other financial partners; he continues to manage both of these roles supremely well,” says Petr Rusek, the chairman of TATRA TRUCKS and board member of CZECHOSLOVAK GROUP, on his appointment.

After a leap in production in 2016, Tatra is entering a period where the focus will be placed on optimizing costs, increasing labour productivity and associated investment in key corporate infrastructure. “Radek Strouhal is therefore taking up the position of CEO after he had largely resolved these priorities in his previous position,” explains Petr Rusek.

Having fulfilled his key task to increase production year-to-year from 900 to 1,300 vehicles, Martin Bednarz is leaving the position of CEO of TATRA TRUCKS. Under his leadership, the truck maker produced a total of 1,326 vehicles in 2016. Petr Rusek says: “We thank Martin Bednarz for his work in our company, especially for setting up production for the subsequent stabilization phase and we wish him much success in his future work.”

In terms of human resources, Radek Strouhal’s appointment is an expression of managerial continuity. He has been working for the truck maker continuously since the arrival of the new owners, Czech entrepreneurs Jaroslav Strnad and René Matera, in whose PROMET GROUP holding company he worked as Chief Financial Officer before joining Tatra. He has been a TATRA TRUCKS board member since October 2013.

Radek Strouhal’s successful business economics management is evidenced by a huge shift of TATRA TRUCKS in its financial rating. From the position of a partner with very high financial risk at the time of the takeover by the new owners in the spring of 2013, the company has managed to move into the best green zone with a low risk of credit default already by mid-2014. According to the international Coface agency, the credit rating of TATRA TRUCKS in 2015 was a seven out of a possible ten.

Radek Strouhal adds: “Standing at the head of the third oldest automaker in the world is a great honour and responsibility for me. Tatra will undertake another increase in production, but hand-in-hand with increased productivity. Tatra’s growth will be supported by hundreds of millions in investment, including the project of restructuring the middle tract that will transform Tatra into a modern industrial building in terms of internal facilities and outer appearance. I will put great emphasis on human resources and positive employee motivation not only in manufacturing but also in Sales and other departments. The company was rescued through the teamwork of all “Tatrovaks”, now the long-term development begins.”

About Radek Strouhal

The CEO of TATRA TRUCKS Radek Strouhal (34) is a graduate of the Faculty of Economics of VSB – Technical University of Ostrava in the field of finance. He began his career in PROMET GROUP, where he worked from 2006 to 2013. He began as a risk manager; later he worked as Head of Finance and Controlling, and the last four years before joining Tatra he was Chief Financial Officer. Within PROMET GROUP he was heavily involved in acquisition projects, e.g. the acquisition of KOFING a.s. in 2009, or the acquisition of Tawesco s.r.o. in 2011.

Since the beginning he has worked in the team responsible for the ownership takeover and rescue of the Kopřivnice truck maker. In October 2013 he was appointed Vice Chairman of TATRA TRUCKS a.s. and CFO. He will start as CEO on 1st February 2017.

In 2011, he was nominated among the top ten best CFOs in the Czech Republic by the CFO Club Association. In 2015 he took third place in the CFO Club rating among Czech CFOs.

About TATRA TRUCKS a.s.

In 2013 TATRA TRUCKS acquired the world-famous Tatra truck maker, and after the change of ownership structure, carried out a successful restructuring. In addition to the standard model ranges they also produce special trucks tailored to customer requirements. Eighty percent of the production is intended for export. TATRA TRUCKS automotive company employs 1,350 employees at the parent company, while more than 600 work for the subsidiary TATRA METALURGIE, primarily focused on casting and forging. The turnover for TATRA TRUCKS in 2015 was CZK 3.7 billion, profit before tax was CZK 400 million. In 2016 TATRA TRUCKS produced 1,326 vehicles, meaning production has grown by more than 50 percent year-to-year.

Via TATRA TRUCKS press release