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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
Changes
Martin Bartak and Michal Smrz should be indicted in Tatra case
January 17, 2013 | 02:24am CEToriginalFormer Czech Defence Minister is accused of accepting a bribe, the owner of armament company MPI Group of attempted fraud. Bringing a legal action...
read moreAuto Esa opened used car shop in Pardubice, first branch outside of Prague
January 16, 2013 | 03:24am CEToriginalLocation and parameters of the branch, another used car shops in 2013, projected double-digit growth of sales in 2013, competitors in the region...
read moreRenault intends to cancel 7,500 jobs in France by 2016
January 16, 2013 | 03:16am CEToriginalThis corresponds to about 14% of the labour force of the carmaker in the country. Presumably, it is a threat to trade unions to adopt a new collective agreement...
read moreJaguar Land Rover to create 800 new jobs in UK
January 16, 2013 | 03:09am CEToriginalThis will happen in a factory producing Discovery and Defender models. Strong demand from China and other markets, sales in 2012...
read moreMarchionne: Fiat and Chrysler to eventually merge into single company
January 16, 2013 | 03:00am CEToriginalThe connection between the two companies will not prevent listing Chrysler’s shares on the stock market, which is urged by minority shareholders. Planned sales of Fiat and Chrysler in 2013...
read moreEmil Frey made several changes in two branches in Czech Rep
January 15, 2013 | 01:29am CEToriginalThe company added one brand, shifted another one, and one brand was expanded to another location. Brands, locations of showrooms, new web sites...
read more3M developed technology for even distribution of light from LED lamps
January 15, 2013 | 01:18am CEToriginalULL technology reduces the number of LEDs. The tool for car individualization, the first application in the U.S., cooperation with European and Czech carmakers...
read moreOne court in USA refused to deal with hedge funds lawsuit against Porsche SE
January 15, 2013 | 01:06am CEToriginalOther actions were filed in the courts of other U.S. states though. The lawsuits relate to misleading investors in the planned takeover of Volkswagen...
read moreDomansky opened fifth branch in Prague, the largest Peugeot showroom in Czech Rep
January 14, 2013 | 03:03am CEToriginalLocation, amount of investment, a giant showroom for up to 23 cars, 27th Blue Box showroom in the country, 15th dealership involved in the Peugeot Approved Cars program...
read moreHonda to cancel 800 jobs in UK due to weak demand in Europe
January 14, 2013 | 02:52am CEToriginalAnyway, the factory in Swindon took on 500 people in 2012. Timing, production in 2012, factory utilization, prepared Civic Tourer...
read moreChinese state fund CIC reportedly negotiates stake purchase in Daimler
January 14, 2013 | 02:21am CEToriginalThe companies declined to comment on it. Size of the share, the profile of CIC and its other investments in Europe, the current largest shareholder of Daimler...
read moreGM: Opel is not for sale, to return to profit through model offensive
January 11, 2013 | 03:22am CEToriginalOther plants will not be closed. The company’s five-year plan, the outlook for the European market in 2013, the number of orders for the Adam, the new Cascada convertible...
read moreGenerali to buy PPF shares in insurers Ceska pojistovna and Ingosstrakh
January 11, 2013 | 03:05am CEToriginalTransaction value, timing, dividends of Generali to PPF Holding, return on investment of Petr Kellner...
read moreCebia and BMW intend to expand cooperation in Europe
January 10, 2013 | 03:26am CEToriginalWhile the current cooperation relates to new cars in CEE, there are negotiations on used cars taking place...
read moreLudek Santora left SkoFIN after year
January 10, 2013 | 03:16am CEToriginalUnder his operation, the company increased sales in 2012. New Sales and Marketing Director is now being selected...
read moreAnthony Denny suspended sale of his stake in AAA Auto
January 9, 2013 | 03:50am CEToriginalThe reasons for the decision, horizon of the suspension of the sales process, the present Denny’s share in the company, the price of the shares, the current value of the company...
read moreDuPont to sell car paint unit to Carlyle
January 9, 2013 | 03:24am CEToriginalThe transaction value, size of the DuPont Performance Coatings division, Dupont's focus on agriculture and nutrition, streghtening of the Carlyle Group in the automobile industry...
read moreGM reportedly not against sale of Opel to PSA
January 9, 2013 | 01:01am CEToriginalEven the French government pushes PSA Peugeot Citroen to take Opel over. Ambiguity in acquisition financing...
read more3M: New innovation centre in Prague to bring us new business, not only from Czech Rep
January 8, 2013 | 03:30am CEToriginalMajor trends in Automotive, innovative products for interior, exterior and drive, development and testing, Czech clients...
read moreKovarna Viva won new contracts, to expand production in Zlin
January 8, 2013 | 03:12am CEToriginalThe fourth hall, new lines, growth in sales and productivity, HR, demanded positions, clients from the manufacturers of components and vehicles not only from Germany...
read moreHyundai wants to produce 300,000 cars in Czech Rep again in 2013
January 8, 2013 | 03:08am CEToriginalIn 2012, production exceeded the company’s plan by 1%. The setout of production between individual models of i30, ix20 and ix35...
read moreNippon Kayaku wants to expand production in Czech Rep
January 7, 2013 | 12:32am CEToriginalLocation, products, reasons for investment in the Safety Systems division, a fourfold increase in production, HR, R&D, a merger of Czech subsidiaries...
read moreAAA Auto's sales up by 14.6% in 2012, further growth expected in 2013
January 7, 2013 | 12:12am CEToriginalSales increased in Russia the most, followed by Slovakia and the Czech Republic. Fulfilment of the plan, growth factors, results in Q4, finance penetration, upcoming branches...
read moreA. Charouz Motors wants to futher expand Cadillac brand in Europe
January 4, 2013 | 02:13am CEToriginalThe only direct-dealer in Central Europe, sub dealers in the Czech Republic, Slovakia and Croatia, the situation in CEE, plans for the whole Europe...
read moreCar sales in Hungary increased by 18% in 2012, in December even by 55%
January 4, 2013 | 01:36am CEToriginalHungarian market leader was Opel, which benefited from the modernization of the fleet of local police. Sales volume is still below pre-crisis levels...
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