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VDA: Car production in Germany up by 1% y/y in November, export by 2%
December 6, 2024 | 11:24am CETflashread more
Carlos Tavares resigned as CEO of Stellantis (Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, Leasys), successor to be appointed in H1 2025. His contract was due to expire at beginning of 2026. In recent weeks different views between reference shareholders, Board of Directors and CEO emerged which resulted to this decision, Henri de Castries said
December 6, 2024 | 11:15am CETflashread more
SDA: New car registrations in Czechia up by 6.3% in November (vans -23.2%; trucks +1.7%; buses +49.7%; motorcycles +16.9%; trailers+semitrailers -4.6%), individual fuel/power types successful differently (BEV 1,249 +63.3%, PHEV 521 +16.6%, LPG 512 +43.8%, petrol 13,951 +9.1%, diesel 4,408 -8.7%)
December 6, 2024 | 11:04am CETflashread more
Czech Post continues to electrify its fleet, renewing almost 2,000 vehicles in 2024. Company to receive 1,958 new vehicles (of which 250 baterry electric vehicles; 994 vans – 460 Opel, 130 Ford E-Transit 350 Base, 404 n/a; 964 cars – 652 Škoda Kamiq 1.0 TSI Fresh, 44 Škoda Karoq, 120 Škoda Enyaq 85 Clever, 148 n/a) for more than CZK 1 billion (EUR 40 million), and 2,600 used vehicles (Ford Transit 2008, Renault Kangoo Expres 2007, Škoda 2009-2010) to be retired from fleet. This change to bring average age of Czech Post fleet to under three years. Of these, 250 (BEVs) vehicles to be owned by Czech Post, rest to be operated under operational lease for 3 years or financial leasing for 6 years. Company also plans to purchase another 80 charging stations in addition to its 25, using subsidies
December 5, 2024 | 04:34pm CETflashread more
SMMT: New car registrations in UK down by 1.9% in November (vans up to 3.5 tonnes +10.5%; trucks up to 6 tonnes +93%)
December 5, 2024 | 04:22pm CETflashread more
J.D. Power, GlobalData confirmed 2024 global new light-vehicle sales outlook at 88 million units (+1.5%). There continues to be level of risk with vehicle demand in Q4, but increase in October eased some of concern, Schuster (GlobalData) said. Firms simultaneously cut 2025 forecast by 500,000 cars, vans from 91.1 million (+3.5%) to 90.6 million (+2.7%). Autos are poised for continued growth in 2025 as conditions improve in key markets, he added
December 4, 2024 | 05:48pm CETflashread more
PFA: New car registrations in France down by 12.7% in November (vans up to 5.1 tonnes -16.2%; trucks -0.9%)
December 4, 2024 | 05:27pm CETflashread more
Libor Láznička decided to leave Continental after more than 30 years in April 2025. Tomáš Belza, former director of passenger tyre production (PLT), appointed as new tire plant manager in Otrokovice, Czechia (Continental Barum, Continental výroba pneumatik, Continental HT Tyres; 5,200 employees) on November 1
December 2, 2024 | 10:44am CETflashread more
AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová), expanding portfolio by two new brands (Mercedes, Ford). Transaction began to be assessed by Office for Protection of Competition (ÚOHS), it is largest acquisition in AutoWallis’s history
December 2, 2024 | 10:36am CETflashread more
Sales of new light vehicles in USA grew in November (J.D. Power/GlobalData: +11%; Cox Automotive: +6.6%; S&P Global Mobility: +6%)
December 2, 2024 | 10:28am CETflashread more
Emil Frey Group: František Neuman to become new director of used car sales in Czechia and Managing Director of EF Mobility (used car sales programs of distributed brands, Emil Frey Select, Autosphere.cz, 10 employees in Prague, wholesale sales of more than 1,400 used vehicles per year) on January 1, 2025, while remaining Head of Citroën in Czechia
November 29, 2024 | 01:59pm CETflashread more
Seznam Zprávy/Deloitte Czech Elite 2024: 100 most valuable Czech companies (under control of Czech owners) include ČEZ (estimated value: CZK 474 billion/EUR 18.8 billion, main owner: state), Pražská energetika/PRE (CZK 38 billion/EUR 1.5 billion, City of Prague), Eurowag/W.A.G. Payment Solutions (CZK 18 billion/EUR 712 million, Martin Vohánka), Čepro/EuroOil (CZK 14 billion/EUR 554 million, state), Brano (CZK 7.3 billion/EUR 289 million, Pavel Juříček), Škoda Group (CZK 5.8 billion/EUR 230 million, Renáta Kellnerová), Koh-i-noor (CZK 5 billion/EUR 198 million, Vlastislav Bříza), ICOM Transport (CZK 4.4 billion/EUR 174 million, Kateřina Kratochvílová), Auto Jarov (CZK 4.1 billion/EUR 162 million, Josef Fojtík)
November 29, 2024 | 01:42pm CETflashread more
SMMT: Car production in UK down by 15.3% y/y in October, commercial vehicle (buses, coaches, vans, trucks, taxis) manufacturing by 3.9%
November 29, 2024 | 01:31pm CETflashread more
Changes
Kia Asistent: Kia launched client application for smart phones in Czech Rep
March 27, 2015 | 12:33am CEToriginalPartner, diverse information (assistance, service, transport, tourism), assistance in crisis situations, discount program...
read moreEnergy and Industrial Holding expanded cooperation with Arval
March 25, 2015 | 11:47pm CEToriginalThe cooperation has been under way in Slovakia for five years, now it is being started in the Czech Republic. Number of vehicles, brands and models, the length of the lease, the transition to operating lease...
read moreMahindra reportedly leads talks about buying designer studio Pininfarina
March 25, 2015 | 11:33pm CEToriginalNeither of the companies confirmed it. The current value of the company, its financial results in recent years, projects for Mahindra...
read moreTrade unions of Futaba Industrial’s Czech plant declared strike alert
March 24, 2015 | 11:57pm CEToriginalIt happened a while after unionists of the main client did the same. Negotiations on a new collective agreement, the desired increase in salaries, HR...
read moreChemChina to buy Pirelli in several steps
March 24, 2015 | 11:50pm CEToriginalFirst, it will obtain a share of the Italian holding company Camfin. The transaction value, personnel changes, reaction of the stock market, ChemChina’s activities in the tire field...
read moreSkoda Auto: New investment in Kvasiny to create around 400 jobs at suppliers
March 24, 2015 | 11:39pm CEToriginalMemorandum on cooperation in the development of the local industrial zone, the amount of indirect state support, land acquisition, plant expansion details...
read moreVolkswagen to cut production in Russia again
March 24, 2015 | 12:05am CEToriginalThe factory producing Skoda cars concerned, reduced production, layoffs, shutdowns, timing...
read moreOne manager to leave Czech representation of Hyundai Motor
March 23, 2015 | 11:56pm CEToriginalThe manager and his professional career, position, timing, his successor...
read moreUnions in Czech plant of Toyota and PSA announced strike alert
March 23, 2015 | 11:49pm CEToriginalThis happened a week before the end of the existing collective agreement, but the timeframe for the new agreement is different. Reasons, term of the next discussion...
read moreRussia to support domestic car makers by EUR 150 million
March 23, 2015 | 11:37pm CEToriginalThe production slump in February, the decline in margins, production aid even in Q1, discounts for trade-in and financing, a possible term of the return to growth in the automotive market...
read moreNovem Car Interior Design acquired new client
March 22, 2015 | 11:57pm CEToriginalProduction will be ensured in the Czech Republic. The project in question, deliveries to European customers in the year 2013/2014, the plan for the year 2014/2015...
read moreSkoda Auto offered employees pay rise of 2.6% in Czech Rep
March 22, 2015 | 11:46pm CEToriginalThe union refused it and threatens to strike. Negotiations about the form of flexible accounts, bonus for company management in 2014…
read moreToyota and PSA want to reduce costs in Czech plant by 30% by 2017
March 20, 2015 | 12:52am CEToriginalOngoing collective bargaining, unions’ demands, suggestions of TPCA, comparison with 2014...
read moreOne Fiat dealer in Czech Rep sells multi-brand complex
March 18, 2015 | 11:57pm CEToriginalThe company, location, brands, price of the property, turbulent changes in the portfolio, a change of the partner for financing of stock cars, financial results...
read moreGM to end production in Russia and reduce sales activities here to minimum
March 18, 2015 | 11:39pm CEToriginalReasons, timing, the withdrawal of the Opel brand, reduction of the Chevrolet brand, the continued Cadillac brand, related costs, joint ventures...
read moreNew Lexus showroom to be built in Czech Rep
March 18, 2015 | 12:08am CEToriginalInvestor and its other activities, location, reasons for the construction, timing...
read moreHlava (Kiekert): Acoustics will play greater role in locking systems
March 17, 2015 | 11:53pm CEToriginalProduction growth in the Czech Republic, new orders, expansion of the R&D centre, a new acoustic chamber, HR, payroll, a high proportion of temporary employees, clients, great potential in the US and China...
read moreInvestor entered Keri, acquiring majority stake
March 17, 2015 | 01:47am CEToriginalThe Private Equity company and its profile, the new shareholder structure, financial results of Keri, financing bank, transaction advisors...
read moreGM to suspend production in Russia
March 16, 2015 | 11:45pm CEToriginalPeriod of the production downtime at a factory in St. Petersburg, sales view of Toyota in 2015...
read moreWages of employees of Czech plant of Hyundai to rise by 3.3%
March 16, 2015 | 11:36pm CEToriginalAgreeing on an addendum to the collective agreement after two months of negotiations, increase in the bonus for meeting the production plan, comments...
read moreNew Maserati showroom to be built in Czech Rep
March 16, 2015 | 02:34am CEToriginalInvestor, location, reasons for the construction, timing, sales of new Maserati cars on the Czech market in 2014...
read moreFormer Allianz top manager to become new head of Ceska pojistovna
March 15, 2015 | 11:49pm CEToriginalHe has been working in the insurance industry for nearly 25 years, being also the head of the association of insurance companies in one country in Central Europe. Jaroslav Mlynar’s successor, timing...
read moreLouwman increased new car sales in Czech Rep by 40% in 2014
March 15, 2015 | 11:36pm CEToriginalThe interest in individual brands Toyota, Lexus, Ford and Suzuki, used car sales, the Czech HEV market leader, the new Toyota showroom...
read moreOICA: Global vehicle production increased by 3% in 2014
March 15, 2015 | 11:26pm CEToriginalSituation on each continent, leaders, output growth in the Czech Republic at a double-digit pace, sales...
read moreVolvo Easily: Volvo began offering operating leases for consumers in Czech Rep
March 12, 2015 | 11:28pm CEToriginalThe financial partner, the length of the lease, the parameters of full-service leasing, affected models, prices...
read more
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