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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
Yang: Hyundai Kia Automotive Group plans to increase production capacity by 12% by 2012
March 2, 2010 | 01:38am CEToriginalCurrent and anticipated production capacity of the group in 2009 and the outlook for 2010 and 2011...
read moreBMW plans to expand production abroad, especially in Asia
March 2, 2010 | 01:13am CEToriginalIn the future, proportion of domestic plants to the total production of the carmaker is expected to fall from the current 70% to...
read moreRenault doubled production capacity of Moscow-based factory
March 2, 2010 | 12:43am CEToriginalRenault hopes that it will succeed in boosting its sales in Russia by the aid of the scrap bonus. The plant will extend the production for other Dacia models...
read morePrecision Tune Auto Care plans to expand in CEE, Czech Rep to be pilot country in region
March 1, 2010 | 07:59am CEToriginalThe franchise network of service stations is also interested in Asia and Africa. Consulting company for entry into CEE has been conducting negotiations in other countries...
read moreEXPECTED DEVELOPMENT IN AUTOMOTIVE: Volkswagen to invest EUR 500 to 600 million in Slovakia between 2009 and 2011
March 1, 2010 | 07:47am CEToriginalOne half will go to the new model range. In 2012, the production capacity in Bratislava will rise from the current 1,200 cars/day to...
read moreEXPECTED DEVELOPMENT IN AUTOMOTIVE: TPCA expects production growth in 2010
March 1, 2010 | 12:34am CEToriginalThe company increased its production capacity, accelerated the tact time, and is also able to cover the increased demand from parent carmakers by extra shifts...
read moreGeneral Motors trying to sell Hummer to earlier candidates
February 28, 2010 | 11:51pm CEToriginalGM reportedly addressed at least four companies from China. Two candidates wanted to buy only a part of Hummer last year, the other two the whole carmaker. Analysts point out...
read moreSAP: Trade unions demand increase in wages by 5% in 2010, companies considering maximum of 1.5%
February 28, 2010 | 11:46pm CEToriginalSalary growth reached only 0.7% in 2009. The current wage situation in the carmakers Skoda Auto, TPCA, Hyundai Motor Manufacturing Czech and Tatra...
read moreChina did not allow Sichuan Tengzhong to buy carmaker Hummer, GM to terminate its activities
February 26, 2010 | 02:27am CEToriginalHowever, GM has promised continued warranty validity for the Hummer vehicles and the availability of spare parts...
read moreDomansky extended portfolio of offered brands, opening Volkswagen showroom in Zdiby
February 26, 2010 | 02:14am CEToriginalIt is a first subcontractor’s activity of the company. Volkswagen became the fourth brand in the portfolio, replacing...
read moreEC launched antitrust investigation of manufacturers of electronic components for cars
February 25, 2010 | 11:48pm CEToriginalThe EC has already carried out unannounced inspections in several companies. The investigation focuses on systems...
read moreFBI conducted raids in three Japanese automotive suppliers, Toyota having share in two of them
February 25, 2010 | 11:02pm CEToriginalThe reason is possible cartel behaviour; the investigation is being coordinated with the European regulatory authorities. It is a company Denso, Tokai Rika and Yazaki...
read moreUS franchise network of service shops Precision Tune Auto Care intends to enter Czech Rep
February 24, 2010 | 09:54pm CEToriginalIt will be the third country in Europe after Portugal and Spain. The company is now looking for a partner for licensing in the Czech Republic. Plans and conditions...
read moreSpyker Cars completed purchase of Saab from General Motors
February 24, 2010 | 09:39pm CEToriginalAt the same time Saab applied to end liquidation process. Saab and Spyker will operate under the parent company Spyker Cars NV. For shareholders in Spyker this means…
read moreCSOB Leasing concluded 600 contracts on short financial leasing for CZK 450 million so far
February 24, 2010 | 09:06pm CEToriginalThe company has reached this objective over seven months. However, the government exception is about to expire…
read moreData of Opel losses in Germany reportedly reduce state aid’s expectations
February 24, 2010 | 08:42pm CEToriginalGerman activities of Opel were loss-making in 2007 and 2008, and therefore, the company might not have to meet the criteria for state aid...
read moreSAP: Number of workers in Czech automotive industry down by 14,000 people in 2009
February 24, 2010 | 12:15am CEToriginalThe decline in the number of staff almost exclusively occurred in H1. However, the average wage rose by...
read moreLabor inspectorate revealed a number of serious shortcomings in Czech plant of Hyundai
February 23, 2010 | 11:04pm CEToriginalThe plant is facing administrative proceedings and a fine up to CZK 2 million for violation of the Labor Code. The irregularity refers to mandating overtime but also…
read moreHyundai to start third model’s production in Nosovice few months earlier, in autumn 2010
February 23, 2010 | 04:10am CEToriginalHyundai Motor Manufacturing Czech has been stating 2011 so far. The date of production’s start as well as the name of the model...
read moreToyota to suspend car production in France and Britain
February 23, 2010 | 03:40am CEToriginalThe carmaker tries to limit the adverse effects of the decrease in sales which it expects in connection with extensive corrective actions. Dates of the downtime...
read moreSkoda Auto to supply 2,000 Octavia cars to Iraq for local taxi services
February 23, 2010 | 03:22am CEToriginalSkoda may import cars into the country duty-free thanks to the support of the Iraq regional government in Kurdistan. The contract’s value...
read moreMVC Automotive Group expands in Europe, to build multi-brand sales and service complex in Czech Rep
February 22, 2010 | 04:16am CEToriginalConstruction of the car centre will begin in 2010, opening is planned for 2011. The site, offered car brands, sales plans...
read moreSkoda Auto expects car production decrease in Mlada Boleslav in 2010, but growth in Kvasiny
February 22, 2010 | 03:54am CEToriginalCurrent and planned production of individual models; Fabia Scout hatchback, Fabia RS, Roomster facelift, Octavia Tour...
read moreHouse of England plans to extend portfolio of British brands offered
February 22, 2010 | 03:31am CEToriginalNow the company offers eight brands and is negotiating on two others. At the same time, the company seeks to obtain authorized service of two brands...
read moreGroup of several Czech dealers and importers PMG Finance broke up
February 22, 2010 | 03:06am CEToriginalThe fate of individual companies and their activities - AuTec Group, A.M.T. Moravia, A.M.T. Group, A.M.T. mobil, DyCom Group, A.M.T. Defense/AmTec Defense...
read more
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