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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
Federal-Mogul bought one division from TRW, without most joint ventures
February 11, 2015 | 11:47pm CEToriginalDivision concerned, the difference between the original agreement and the completed transaction, activities in Europe...
read moreMaserati Full Service Leasing: Czech dealer started offering operating leases for businesses and consumers
February 11, 2015 | 11:38pm CEToriginalThe financial partner, the length of the lease, mileage limit, two versions according to services, affected models, prices, sales of Maserati in 2014...
read moreFormer top manager of GM became new CEO of Qoros
February 11, 2015 | 11:29pm CEToriginalHe also gained experience at Chrysler, SAIC and Coda. The manager concerned, his predecessor...
read moreSchaeffler wants to make Czech Rep leader in developing and manufacturing WMM module
February 10, 2015 | 11:54pm CEToriginalPreparation of a new plant, location, amount of investment, plot size, R&D, timing, HR, waiting for a change in legislation, products and clients...
read moreSaarGummi increases production in Czech Rep
February 10, 2015 | 11:44pm CEToriginalNew orders for the Czech plants for EUR 30 million, a new mixing shop, HR, strengthening R&D, products and clients...
read moreCzech government to allocate up to EUR 20 million for development of region round Skoda Auto plant in Kvasiny
February 9, 2015 | 11:11pm CEToriginalAllocation of the funds, the investments of carmaker and suppliers, HR, signing a memorandum of cooperation...
read moreVolvo to suspend production of trucks in Russia
February 8, 2015 | 11:47pm CEToriginalAt the same time, the company will reduce the number of employees at the Kaluga plant. Timing, validity of the measure, financial performance in Q4...
read moreVisteon sells another division and finally leaves Czech Rep
February 5, 2015 | 11:57pm CEToriginalClimate Division will belong to three South Korean companies – manufacturers and investors. Shares, value and completion of the transaction, Czech factories, HR...
read moreDaimler to be selecting new head of representation in Czech Rep after six months
February 5, 2015 | 11:47pm CEToriginalThe change also applies to the position of the head of Passenger Cars Division. Reasons, interim General Manager of Mercedes-Benz Czech Republic...
read moreAutoBinck strengthened marketing team in Czech Rep
February 5, 2015 | 11:38pm CEToriginalExternal communication of the group is newly led by two managers; one is in charge of wholesale and one retail. Details...
read moreKia appointed new head of marketing in Czech Rep
February 5, 2015 | 11:23pm CEToriginalThe new Marketing Manager of Kia Motors Czech came from Fiat, Martina Jiraskova left for a bank...
read moreRailway administrator to renew half of the fleet of vehicles in Czech Rep
February 3, 2015 | 11:53pm CEToriginalThe winner of the first tender and its profile, the offered price, another ongoing tender, the number of vehicles, fleet reductions in recent years...
read moreOne Audi dealer in Czech Rep changed owner
February 2, 2015 | 11:55pm CEToriginalIt was bought by a medium-sized multi-brand dealer with showrooms in several cities. Affected companies, locations, business results, renaming...
read moreFord Lease: Ford began offering operating leases for consumers in Czech Rep
February 2, 2015 | 12:13am CEToriginalThe financial partner, the length of the lease, two versions according to services, affected models, prices...
read moreCzech police to buy additional Hyundai cars
February 1, 2015 | 11:57pm CEToriginalThe carmaker succeeded in the tender, which is part of the project 'Strengthening the ability of action of the Police CR in dealing with emergencies' co-financed from EU funds. The affected models, the number of vehicles...
read moreKiekert appointed new plant manager in Czech Rep
February 1, 2015 | 11:37pm CEToriginalThe former and new director of the largest plant of the company in the world, revenue growth of the company and its Czech subsidiary, HR...
read moreSkoda Auto plans to outsource some indirect activities
January 30, 2015 | 12:07am CEToriginalMoving hundreds of employees to external firms, professions concerned, leaner management structure, implementation time of the High Performance Organization plan, reaction of unions...
read moreTatra Trucks agreed with unions on wage amendment to collective agreement
January 29, 2015 | 11:56pm CEToriginalThe increase in salaries in 2014 and 2015, increasing the importance of the variable component, annual bonuses, average wage, productivity growth, business results in 2014...
read moreKia wants to increase sales by 50% in Czech Rep by 2016
January 28, 2015 | 11:56pm CEToriginalThis goal has been set by the new president of Kia Motors Czech. The manager and his profile, his other plans, promotion of Tae Ho Lee within Europe...
read morePowerful: 20 partners in Europe developed two-cylinder, two-stroke turbocharged and supercharged diesel engine
January 28, 2015 | 11:47pm CEToriginalThe partners include Renault, Volkswagen, Fiat, Magneti Marelli, Delphi, and also one Czech entity. Details of the 0.7 litre engine...
read moreShin Heung Precision to expand in Europe, building third plant in Czech Rep
January 28, 2015 | 01:06am CEToriginalLocation, developer, size and capacity of the hall, timing, HR, clients of SHC, related investments of DAS Corporation...
read moreVlcek (Skoda): Sales of new cars in Czech Rep might stabilize above 200,000 in 5 years
January 28, 2015 | 12:24am CEToriginalThe outlook for 2015, results and plans of the Skoda brand, re-exports, structure of operators, Skoda Insurance, new models, staff enhancement, National Clean Mobility Action Plan...
read moreAutobond made personnel changes in top management
January 28, 2015 | 12:12am CEToriginalThese are related to both management and statutory bodies. The affected managers, timing...
read moreRenault Drive: Renault began offering operating leases for consumers in Czech Rep
January 27, 2015 | 12:31am CEToriginalThe financial partner, the lengths of the leases, the parameters of full-service leasing, affected models, pre-set cars, prices, business plan, the situation at Dacia...
read moreDozens of companies from Czech Rep supply components for new Skoda Fabia
January 27, 2015 | 12:10am CEToriginalThese are 3M, Benteler, Brano, Eftec, Grupo Antolin, HP Pelzer, JTEKT, Zizala, Koyo, Magna, Mubea, SaarGummi, TRW, or Witte...
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