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Martin Hendrych left Proseat, joining Schneider Electric as Plant Manager in Písek, Czechia (manufacturer of industrial components with more than 500 employees). He replaced Bart Mach in position. Lukáš Berger appointed as new head of Proseat Mladá Boleslav factory (manufacturer of polyurethane foam parts for car seats with 330 employees; customers, projects: Audi Q4, BMW M5 Sedan G90, BMW X6 G6X, BMW X7 G7X, Škoda Fabia, Škoda SK336, Toyota Yaris, Volkswagen ID.Buzz, Mubea)
December 10, 2024 | 02:48pm CETflashread more
VDIK: New car sales in Germany to decrease by 0.9% to 2.82 million in 2024 (2023: 2.84 million), of which 32.5% to be registered by private individuals (916,000, -2%, 2023: 933,147), 32.4% by fleet customers (913,000, -7%, 976,698), 24% by automakers and dealers (678,000, +7%, 635,597), 11.1% by car rental and leasing companies (313,000, +5%, 299,167). This development reflects current uncertainty of private and corporate customers, caused by current economic and geopolitical situation, Schmidt mentioned
December 10, 2024 | 02:41pm CETflashread more
Coface CEE Top 500 Ranking 2024: Electronics, information and telecommunications industry (E/E, ICT; 60 largest firms, -1 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 4.4% to EUR 104-105 billion in 2023 (2022: EUR 100 billion), number of employees grew by 4% to 328,600. Largest companies in sector include LG Energy Solution Wroclaw (EUR 9.09 billion, -3%; 6,546 people, +7%), Samsung SDI Magyarország (EUR 6.04 billion, +48%; 3,344, +25%), Robert Bosch Elektronika (EUR 5.93 billion, +2%; 18,605, +7%), Harman Becker Kft (EUR 2.22 billion, -4%; 4,308, +9%), Continental Automotive Hungary (EUR 2.03 billion, +38%; 6,782, +6%), Bolt Technology (EUR 1.7 billion, +35%; 4,104, -1%), Vitesco Technologies Czech Republic (EUR 1.6 billion, +14%; 4,119, +5%), BYD Smart Device Hungary (EUR 1.24 billion, +65%; 183, +2%), SK Battery Manufacturing (EUR 1.18 billion, +267%; 1,185, +19%), Siemens s.r.o. (EUR 1.15 billion, +1%; 7,474, -1%), SK On Hungary (EUR 1.03 billion, +15%; 2,310, +81%), Bolt Operations (EUR 972 million, +16%; 780, +2%), DPD Polska (EUR 911 million, +1%; 4,545, +8%), Videoton Holding (EUR 811 million, +15%; 9,267, +1%), ABB Sp. z o.o. (EUR 756 million, -2%; 2,688, +68%), Hella Slovakia Lighting (EUR 712 million, +38%; 3,290, -0%), ABB s.r.o. (EUR 703 million, +32%; 3,000, +2%)
December 9, 2024 | 12:54pm CETflashread more
Office for Protection of Competition (ÚOHS) allowed 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)
December 9, 2024 | 12:42pm CETflashread more
VDIK: German car market to fall by 0.9% to 2.82 million units in 2024 (2023: 2.84 million), of which 380,000 BEVs (-28%), 190,000 PHEVs (+8%), 120,000 HEVs (+28%), 600,000 MHEVs (+5%), 1,015,000 petrol (+4%), 500,000 diesel (+3%) and 15,000 gas+other vehicles (+1%). In 2025, new car sales in Germany to reach 2.7-2.85 million (-4.3% to +1.1%) depending on development of framework conditions for electromobility, Labbé said
December 9, 2024 | 12:37pm CETflashread more
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
Changes
Invelt began to carry out next major investment in Czech Rep
June 25, 2014 | 01:32am CEToriginalLocation, reasons, brands, previous investments of the dealer of BMW, Mini and Alpina brands and seller of electric vehicles...
read moreHyundai Mobis to allegedly invest EUR 90 million in Czech Rep
June 25, 2014 | 01:25am CEToriginalLocation, the second plant in the country, advantageous purchase of land, timing, HR, state subvention...
read moreNexen Tire to invest over EUR 800 million in Czech Rep
June 24, 2014 | 12:22am CEToriginalStart of the plant construction, production start, the gradual increase in tire production, the target capacity, HR...
read moreCode of Ethics: 17 Hyundai dealers in Czech Rep terminated dealer contract with distributor
June 23, 2014 | 12:02am CEToriginalAccording to the dealer association, penalties for not signing the code made the business impossible. Statement of the law firm and Hyundai Motor Czech, the impeachment of President...
read moreNissan and CEZ extend cooperation in development of e-mobility in Czech Rep
June 22, 2014 | 11:48pm CEToriginalThe carmaker will supply the energy company with fast charging stations from its European partner. Installation locations, timing, versatility of the stations, standards...
read moreLeasePlan Go: LeasePlan to focus on SME and sole traders with fleet to 10 cars
June 22, 2014 | 11:39pm CEToriginalThe first countries including the Czech Republic, specifications of operating lease, brands and models, prices, sales through the e-shop, microsite, competition, business plan, advertising campaign, client car rental...
read moreShelves with car parts fell in DHL warehouse in Czech Rep
June 22, 2014 | 11:16pm CEToriginalThe logistics company leased the hall from CTP. Location, no harm to health, the amount of material damage, alleged cause...
read moreFormer Head of Regional Inspectorate of Czech Trade Inspection lodges complaint
June 22, 2014 | 11:03pm CEToriginalThe reason is his removal from office and inaction of his colleagues in the APR case. Reaction of the COI head Mojmir Bezecny and Minister Jan Mladek...
read moreHyundai Motor to replace head of representation in Czech Rep
June 20, 2014 | 05:14am CEToriginalHe is leaving at the time of conflict of half of dealers with the distributor. His new job, the successor...
read moreOne Volvo dealer ended in Czech Rep
June 20, 2014 | 05:03am CEToriginalIt is a company that tried to restore a dealership after the unsuccessful previous provider. The location, companies, property problems with the showroom...
read moreHead of Czech Trade Inspection dismissed Director of Inspectorate, who pointed out miscalculations of APR
June 19, 2014 | 03:30am CEToriginalCOI did not disclose its reason, as it is not related to this affair. Validation of the correctness of the imposed fine for Essox and calculation used in the control by a special commission...
read moreAutobond to open second Ford dealership in Czech Rep
June 18, 2014 | 10:56pm CEToriginalLocation, timing, history of the showroom, preparations for the flagship showroom of Ford Store, dealer situation in the region...
read moreAvtoVAZ to cut 20% of jobs in 2014
June 18, 2014 | 12:18am CEToriginalThis is almost twice more than the company originally anticipated. The reasons, drop into a loss, the new CEO...
read moreLubomir Drasar and Pavel Krois sold Swell
June 17, 2014 | 12:18am CEToriginalThe new owner and his profile, the new headquarters, management changes, financial results in 2013, HR...
read moreCzech government approved investment agreement with Nexen Tire
June 16, 2014 | 11:51pm CEToriginalDate of signature, the amount of investment and government incentives, location, HR, R&D centre, possible arrival of Nexen's suppliers...
read moreNew Mercedes-Benz dealership to be built in Czech Rep
June 16, 2014 | 06:36am CEToriginalThe investment will be carried out by one existing dealer. Location, partner, reasons, parameters of the sales and service centre, timing, HR...
read moreHertz Lease appointed new Sales Director in Czech Rep
June 16, 2014 | 06:29am CEToriginalHe is a manager with 20 years of experience in the automotive industry, especially car sales...
read moreSehnal: Slavia Pojistovna for sale, as well as other companies from SPGroup
June 16, 2014 | 06:13am CEToriginalSlavia’s concentration on industry, property of citizens and liability risks, intentions of the company in car insurance...
read moreTÜV Süd strengthened sales department in Czech Rep
June 16, 2014 | 05:58am CEToriginalA specialist in the automotive and electronics industries and e-mobility joined the company…
read moreIdeal Automotive expands production capacities in Czech Rep
June 16, 2014 | 05:47am CEToriginalThe reason is the large amount of new orders from vehicle manufacturers. Rental of halls, locations, HR...
read moreUnions and management of Czech Hyundai plant adopted collective agreement prepared by intermediary
June 16, 2014 | 05:32am CEToriginalThe results of employees’ voting, increase in tariff wages by 3.2%, adjustments of several bonuses, the total increase in wages of up to 6.1%...
read moreAutosalon Louda bought Czech dealer Autoprodej Dukla
June 12, 2014 | 11:56pm CEToriginalThe company has strengthened in the sale of Skoda cars in Pardubice. Circumstances, business and financial results, reconstruction of the showroom, dealer situation in the city...
read moreFord to retain production of Fiesta in Germany
June 12, 2014 | 11:49pm CEToriginalCancellation of night shifts, increasing the flexibility of working time, transferring part of work from suppliers to Ford, anticipated savings, new jobs in R&D...
read moreAutobond ceased sales of one brand, replacing it with another
June 12, 2014 | 04:21am CEToriginalThe company will thus remain the dealer of seven brands in six cities in the Czech Republic. Location, brands, reasons, details...
read moreHyundai Mobis plans to build another plant in Europe, probably in Czech Rep
June 12, 2014 | 04:07am CEToriginalConsidered locations, reasons, HR, timing, products, clients...
read more
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