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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
Tatra to move to full production from April again, to engage most of formerly redundant employees
March 28, 2010 | 11:15pm CEToriginalShareholders of the company decided to pledge company to credit banks, which demanded greater guarantees...
read moreVolkswagen so far managed to provide finance for new acquisitions to become world's largest carmaker
March 28, 2010 | 10:57pm CEToriginalThe current cash of the company, the value of planned acquisitions, raising capital by issue of new shares...
read moreToyota Motor plans production shutdown in Europe in April, May and June
March 28, 2010 | 10:48pm CEToriginalThe carmaker has been forced to do so due to weak demand caused by the scandal with car problems. The shutdowns are related to plants in France and Britain...
read moreSaab has resumed production in Sweden after seven weeks
March 28, 2010 | 10:38pm CEToriginalAt the same time, the carmaker started producing all-new 9-5 Sedan. Other models produced in Sweden and Mexico...
read moreTPCA not yet agreed with trade unions on new collective agreement
March 26, 2010 | 02:35am CEToriginalThe existing one expires at the end of March. Details of the negotiations and the expected number of employees and their wages in 2010...
read moreSkoda Auto still proposes wage growth in two phases
March 26, 2010 | 02:23am CEToriginalUnions want a one-time increase, a higher bid or the inflation clause. The carmaker argues due to low profit in 2009 and the need for new investments...
read moreFinancial Times, Nikkei: Daimler is close to agreement on partnership with Renault, but also with Nissan
March 26, 2010 | 01:49am CEToriginalThis will include the exchange of minority shares. Scope of cooperation, the amount of shares, the expected publication of cooperation...
read moreFiat to possibly dismiss 5,000 people in Italian plants, to reduce number of models from 12 to 8 and increase production in Italy by 50%
March 25, 2010 | 12:58am CEToriginalThe situation in individual plants Termini Imerese in Sicily, Cassino, Mirafori in Turin and Pomigliano; department of the automobile division...
read moreTPCA increased revenues by 5.8% along with output growth by 2.5% in 2009, profits stagnated
March 24, 2010 | 11:50pm CEToriginalLast year, wages rose slightly as well as the number of employees. Scrap bonuses shuffled the order of the largest export markets. Development in 2010...
read moreSpyker: Saab negotiating technology sharing with potential partners
March 24, 2010 | 11:29pm CEToriginalSaab will have to sell more than 100,000 cars a year to achieve a balanced economy. It intends to return to profit in 2012 and at that time to produce...
read moreHalfords leaving Czech Rep and Poland after three years, focusing on domestic market
March 23, 2010 | 10:32pm CEToriginalThe reason is unprofitability in Central Europe. Anyway, Halfords has opened its second establishment in Plzen still in December 2009...
read moreAuto-Exner became exclusive partner of Bugatti for Central and Eastern Europe
March 23, 2010 | 10:25pm CEToriginalThe company is now taking care of five Bugatti cars’ owners from the Czech Republic, Slovakia and Poland. The demonstration drive and sale will be arranged directly with the carmaker...
read moreUSA sued Daimler on suspicion of long-term bribery affair
March 23, 2010 | 10:19pm CEToriginalDaimler is said to pay about USD 185 million as compensation. The German carmaker allegedly paid bribes to bid for contracts in Europe...
read moreNissan reputedly intends to increase production by 17% in financial year 2010/2011
March 23, 2010 | 10:04pm CEToriginalThe increase should be helped by a little car Micra next generation, but also by the growing Russian production this year as well as next year...
read moreHonda narrowed top management in Czech Rep and Slovakia, cancelling CEO post
March 23, 2010 | 09:56pm CEToriginalJiri Minovsky has been promoted to the presidential post, former president Toshiaki Nishide will return to headquarters to a post of...
read moreSkoda Auto to restore Friday’s production of Fabia from April as expected
March 23, 2010 | 09:45pm CEToriginalHowever, the production will continue in two shifts. Some staff movements from less busy workplaces will be retained...
read moreSkoda Auto's net profit fell by 68% in 2009 at revenues decline by 6.2%
March 22, 2010 | 11:21pm CEToriginalSales on individual markets, the interest in individual models, the effects on the financial result, investments...
read moreVolkswagen to increase wages by 3% in Slovakia and to pay one-time bonus in May
March 22, 2010 | 10:54pm CEToriginalThe company Volkswagen Slovakia and unions had come to an agreement, and subsequently, the unions ended a strike alert. The current average wage...
read moreSkoda Auto chose member of board for production and logistics after a year
March 22, 2010 | 12:59am CEToriginalSuccessor to Horst Muhl will become Michael Oeljeklaus, who has worked at Volkswagen in China. However, he will take up the new post in August…
read moreVectra Group: Manufacturer of electric cars Reva wants to build plant in Slovakia
March 22, 2010 | 12:26am CEToriginalThe amount of the planned investment, location, production capacity, number of jobs, opening of construction of the plant...
read moreSkoda Auto increased offer for wage increase and proposed shorter length of new collective agreement, unions again rejected it
March 21, 2010 | 11:53pm CEToriginalHowever, both parties aim to reach an agreement, and therefore the next round of talks will take place next week instead of the originally planned date...
read morePSA to stop production in Slovakia for 13 days, to use shutdown for staff training
March 21, 2010 | 11:42pm CEToriginalThe plant in Trnava will cease production for one in April and for six days in both May and June. The shutdown will affect…
read moreSkoda Auto: Holger Kintscher to be replaced by Winfried Krause in board from April
March 21, 2010 | 10:51pm CEToriginalKrause has been responsible for controlling at the Volkswagen Group so far. Current Skoda Auto CFO Kintscher will become...
read moreKia Motors to build new plant producing engines in Slovakia
March 18, 2010 | 11:57pm CEToriginalEngines from the new hall will be used for Hyundai’s plant in the Czech Republic. The investment, production capacity, the number of new jobs...
read moreFirst draft of Skoda Auto for wage increase rejected by unions, negotiations continue
March 18, 2010 | 11:44pm CEToriginalThe carmaker proposed to increase tariff wages from May and November by 1% each time. Unions also do not like timing of the proposal...
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