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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
CLFA requires amendment of Consumer Credit Act, which has not come into force yet
September 15, 2010 | 01:26am CEToriginalThe reason is the inclusion of financial leasing in the law, which is beyond the EU directive and will bring complications to the leasing companies...
read moreMSV Brno: Swedish companies looking for partners from automotive industry in Czech Rep and Slovakia
September 15, 2010 | 01:16am CEToriginalThese are primarily manufacturers of aluminium profiles and components for automobiles, for example, companies Profil Gruppen, Auto Tube, Automatlego, ACP or ATAB...
read moreBrembo to enter mid-premium segment, building plant in Czech Republic
September 14, 2010 | 05:20am CEToriginalThe manufacturer of braking systems for supersport and exclusive cars will invest in Ostrava. The amount of investments, contracts, production launching, expected revenues...
read moreContinental won new contracts, to invest EUR 20 million in Czech Rep
September 14, 2010 | 04:49am CEToriginalThe expansion of production in Frenstat, new orders from several carmakers, the expected increase in revenues, investment schedule...
read moreCSSD again proposed law against credit overcharging
September 14, 2010 | 04:27am CEToriginalAccording to the proposal, the amount of penalty would not exceed the amount of the loan, and the APR would be limited by the government on the basis of data provided by the central bank...
read moreRussia could allegedly raise funds for scrap bonus by 25%
September 14, 2010 | 04:18am CEToriginalThe state-owned bank Sberbank, which seeks an investor for the plant of a bankrupt carmaker IzhAvto, also calls for an extension of the scrap bonus. Candidates...
read moreNissan to sell cars in China under new brand Venucia
September 14, 2010 | 03:48am CEToriginalDevelopment and manufacturing will be in charge of a joint venture with Chinese partner Dongfeng Motor. The first model with this brand will be launched in...
read moreDaechang Seat wants to increase production in Czech Rep, planning to build new plant in Trinec
September 13, 2010 | 01:00am CEToriginalThe company wants to move production from the leased premises in Ostrava there. Investment, new jobs, the current production, supplies to Hyundai...
read moreInvelt became exclusive dealer of Alpina in Czech Rep and entire Central Europe
September 13, 2010 | 12:44am CEToriginalHigher sales plans compared to the predecessor AuTec Group, the new models B3 S Bi-Turbo and B5 Bi-Turbo, prices compared to BMW and BMW M...
read moreFormer Opel and Chevrolet showroom in Svitavy sold after more than year
September 13, 2010 | 12:34am CEToriginalThe new owner of the sales and service complex of the bankrupt company Socar servis, former unsuccessful auctions, the estimated and selling price...
read moreVolkswagen sales rose by 11.2% in August, by 13.4% over eight months
September 13, 2010 | 12:26am CEToriginalGerman factories of Volkswagen are now operating at full capacity with overtimes. The results of individual brands, the growth of the Skoda brand, the outlook...
read moreHyundai introduced its first EV, based on smallest model i10
September 12, 2010 | 11:42pm CEToriginalParameters of the electric BlueOn, battery supplier, noise system VESS, launching of the test and mass production, sales plan...
read moreFree Trade Agreement between EU and South Korea gets complicated, reservations in Italy
September 12, 2010 | 11:27pm CEToriginalExpected changes in the Czech foreign trade, Italian concerns, protective clauses, further negotiations, suspension of the contract...
read more3M wants to invest USD 2 billion in Central and Eastern Europe, partly in Czech Rep
September 10, 2010 | 06:24am CEToriginalThe investment is also oriented to a purchase of innovative companies or their shares. The new technology centre in Prague; lightweight materials, which are being glued...
read moreRenault wants to expand own dealer network in Czech Rep
September 10, 2010 | 06:17am CEToriginalIt plans to add other premises to the present one in Prague 5. Results of Renault Retail Group in the Czech Republic and Europe in 2009, plans for 2010…
read moreCLFA: New Consumer Credit Act not to solve range of problems of gray financing
September 10, 2010 | 05:52am CEToriginalThe association calls for the tightening of conditions in consumer lending. Selected unfair practices and proposals for action...
read moreMitsubishi and Peugeot possibly produce EVs for Europe in Spain
September 10, 2010 | 05:33am CEToriginalAn alleged start of production, production plans, the price of compact electric car, negotiations between Spain and Mitsubishi on building a factory producing batteries...
read moreNegotiator to help with agreement between unions and management of Czech plant of Delphi Packard Electric
September 10, 2010 | 02:01am CEToriginalIt is a lawyer operating at university, who should develop a compromise solution within 15 days. Proposals of the parties...
read moreQuarterly profit of truck manufacturer Navistar exceeded expectations, revenues fell behind estimates
September 10, 2010 | 12:53am CEToriginalThe outlook for the full financial year, postponement of some supplies for 2011, the partnership with the Czech company Tatra...
read moreJiri Matula replaced Martin Kofron in CLFA management
September 9, 2010 | 12:41am CEToriginalThe vacant position of a vice chairman has been occupied by the long-time member of the CLFA Board, Blazena Valkosakova. The current personnel manning of the Board...
read moreSuzuki Motor to build its fourth production plant in India, though third not finished yet
September 9, 2010 | 12:30am CEToriginalProduction launching and capacities of the third and fourth plant, the estimated production capacity, a plan of the global production in 2010...
read moreGM preparing four new engines, plant in Hungary may get production
September 8, 2010 | 03:04am CEToriginalIf the GM Powertrain plant in Szentgotthard got the contract, it would double its production capacity and recruit up to 800 people...
read moreSkoda Auto registers growth in orders, recruiting hundreds of workers in September
September 8, 2010 | 02:50am CEToriginalThese will be added to 1,000 already adopted in August. The carmaker will accept even the workers leaving the Czech plant of Delphi...
read moreKia Motors to recall over 100,000 Soul and Sorento cars worldwide
September 8, 2010 | 02:36am CEToriginalIn response to this the carmaker’s head, Jeong Sung Eun has resigned. Details of the problem, the production series, a number of affected vehicles in the Czech Republic...
read moreVolkswagen increased production in Slovakia by 43% in H1, turnover by 37%
September 7, 2010 | 03:55am CEToriginalThe German carmaker also increased production of gearboxes in Slovakia, namely by about 78%...
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