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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
SympH2ony (Symphony): Toyota Tsusho Europe, Messer established 50/50 joint venture in Bad Soden near Frankfurt, Germany, to produce and supply green hydrogen and provide fuel cell electric vehicles (public buses, trucks, taxis, port cargo handling equipment) in Europe. Toyota Tsusho already has experience in hydrogen business, including operation of hydrogen stations in Japan (Atsuta/Nagoya, Tsutsumi/Miyoshi) and initiatives to convert port machinery to FCEVs in USA (Port of Los Angeles, California)
November 28, 2024 | 11:57am CETflashread more
SMMT cut 2024 UK new car sales (registrations) outlook from 1,968,000 (+3.4%) to 1,942,000 (+2.1%), of which battery electric vehicles (BEVs) from 364,000 (+15.6%) to 363,000 (+15.4%), and 2025 forecast from 2,029,000 to 1,977,000, of which BEVs from 480,000 to 464,000. Simultaneously, association published its first estimate for 2026 at 2,049,000 cars, of which 585,000 BEVs
November 28, 2024 | 11:47am CETflashread more
MNC Auto (Milan Král Holding/Group; Ford, Opel car, van dealer in České Budějovice, Czechia; revenues of CZK 282 million/EUR 11.2 million in 2023) closed Opel dealership (service remained). In released showroom, company opened AutoProTebe (Auto.pro.tebe, Car.for.you) used car shop, importing nearly-new vehicles from Germany and Netherlands
November 27, 2024 | 10:56am CETflashread more
AutoSAP: 20,472 (passenger) electric vehicles produced in Czechia in October (-12.9%; 15,548 battery electric vehicles, -3%, 4,924 plug-in hybrids, -34.2%), of which 20,460 cars (-13%; Škoda: 13,175 BEVs, +17.8%, 2,880 PHEVs, -40.5%; Hyundai: 2,361 BEVs, -51.3%, 2,044 PHEVs, -22.5%) and 12 buses (SOR: 2 BEVs; Škoda Electric: 0 BEVs; Iveco: 10 BEVs)
November 27, 2024 | 10:42am CETflashread more
Changes
AAA Auto extended guarantees, providing all cars over CZK 100,000 with Cebia Report
January 18, 2010 | 01:23am CEToriginalThe company newly guarantees that the car was not flooded during the floods, but mainly the mileage...
read moreHead of German carmaker Opel, Hans Demant, resigned
January 18, 2010 | 12:49am CEToriginalOpel has also confirmed information about the temporary reduced working time in the German factories. Demant will be replaced by...
read moreFrench government aim to have greater influence on Renault management, considering raising its stake in carmaker
January 18, 2010 | 12:17am CEToriginalFrance as the largest Renault’s shareholder with a share of 15% is considering raising the share to...
read moreSales of Jaguar and Land Rover cars on Czech market to be managed by carmaker itself
January 15, 2010 | 05:09am CEToriginalJaguar Land Rover is yet another carmaker which has taken an importer’s licence in the Czech Republic over from a local partner. The composition of the dealer network...
read moreHead of Volkswagen Martin Winterkorn replaces Hans Dieter Potsch in supervisory board of Skoda Auto
January 15, 2010 | 04:47am CEToriginalPotsch resigned from this office at the end of 2009. Winterkorn will also be proposed for a function...
read moreProduction in Czech Hyundai plant running in full two-shift operation without overtime in January
January 15, 2010 | 04:33am CEToriginalThe collective agreement which is currently under negotiation is to solve mandating overtime. Unions will demand...
read moreSweden still sees chance to rescue Saab, candidates keep dealing with GM
January 15, 2010 | 03:55am CEToriginalSpyker Cars submitted an improved offer last week; Genii Capital is working on it. Attractive offer might according to GM stop the Saab’s closure...
read moreToyota Motor considering further production moving to North America, Prius still taken in account for Mississippi
January 14, 2010 | 12:55am CEToriginalJapanese carmaker will launch 10 new and facelifted models on the US market this year. Within five years, also the electric cars and plug-in hybrids...
read moreCar sales in Spain down by 18% last year but up by 25% in December
January 13, 2010 | 09:38pm CEToriginalIn H1 2010, sales are expected to grow by about 25% as well but to fall after an increase in VAT in mid-year. Therefore, the whole year...
read morePekny (SDA, Kia): Czech car market to be better served by faster depreciation than scrap bonus
January 13, 2010 | 04:19am CEToriginalAccording to him, it would be good to extend the government action even after June 30 or reduce the deduction permanently. Faster recovery of company cars may generate high-quality used cars...
read moreJohnson Controls increases its presence in Slovakia
January 13, 2010 | 01:04am CEToriginalTo four plants od the Automotive division and a technological centre for CEE, there will be added a global financial headquarters, which will be moved to Bratislava from...
read moreHyundai Motor expansion to commercial vehicles segment: This year China, within three years USA, then Europe
January 13, 2010 | 12:49am CEToriginalHyundai is now going to set up a joint venture for heavy trucks production in China. Local partner, investment and production capacity...
read moreGeneral Motors considers re-opening of some shuttered factories
January 13, 2010 | 12:25am CEToriginalThe carmaker cannot produce some models fast enough, namely...
read moreFiat to satisfy government, increasing annual production in Italy by 50% in three years
January 12, 2010 | 10:56pm CEToriginalHowever, the carmaker points out the lower productivity of the Italian factories compared with Poland and Brazil. Plant based in Sicily...
read moreScrap bonus in Russia to start on March 8, only in quarter of regions and for models assembled in Russia
January 12, 2010 | 10:46pm CEToriginalThe problem can occur with a low number of scrap yards and a charge for disposal. The government expects an increase in demand for...
read moreHyundai plan to strengthen its fleet sales in Europe, agreed to cooperate with ALD Automotive
January 11, 2010 | 11:58pm CEToriginalThe agreement includes a favourable price conditions for the sale of vehicles in 21 countries including the Czech Republic and Slovakia. Last year, the market share of Hyundai in Europe rose to...
read moreBenteler initiated production of aluminium bumpers in Czech Rep, taken over from Hydro
January 11, 2010 | 11:50pm CEToriginalThe company has employed 30 people in Ostrov, Tachov region. Manufacturer of cable harnesses Leoni has moved its production in Panattoni Park as well...
read moreAudi wants to invest EUR 7.3 billion by 2012, mostly in Germany
January 11, 2010 | 11:21pm CEToriginalThe investments will go into production capacities, products and technologies. By 2015 the carmaker plans to increase the number of its models from the current 34 to...
read moreSales of passenger cars and light commercial vehicles down by 6.7% in Slovakia in 2009
January 11, 2010 | 11:05pm CEToriginalSkoda remained the most popular brand, followed by Renault and Peugeot. In the segment of trucks and buses...
read moreSaab executives reportedly opted for liquidation of the company
January 11, 2010 | 10:49pm CEToriginalGeneral Motors has appointed a company to supervise on activities related to shutdown of Saab which will take several months. GM is still evaluating bids for Saab...
read moreEgyptian state-owned company Trenco and its investors plan to build biggest tire plant in Middle East
January 11, 2010 | 09:52pm CEToriginalConstruction of the factory at the port of Alexandria should last two years. Annual production of tires for passenger cars might achieve...
read moreCCS: Fuel prices in Czech Rep grew rapidly by more than CZK 1, while stagnating in Slovakia
January 11, 2010 | 09:32pm CEToriginalThe prices of Czech petrol stations fully reflect the tax increase from the beginning of the year as well as the oil prices rise in recent weeks. In the following days...
read moreFord agreed to sell Volvo Car division to Chinese company Geely
January 11, 2010 | 08:56pm CEToriginalThe signing of a definitive agreement is expected in Q1 and the transaction completion in Q2 2010. Volvo would therefore break into the Chinese market more...
read moreAuto Kora as first Ford dealer in Czech Rep installed revolutionary painting system Robodry from Symach
January 11, 2010 | 07:02pm CEToriginalThis allows a significant acceleration of car paint repair, and during the same day. Supplier and details about the technology...
read moreAVE decided to go on operational leasing in Czech Rep, LeasePlan to be provider
January 11, 2010 | 06:19pm CEToriginalThe company AVE has significantly increased its fleet in recent years. In the first phase LeasePlan will provide AVE CZ with 90 cars of brand...
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