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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
Honda dealer network in Czech Rep not struck by recession, some dealers implement investments even
January 5, 2010 | 11:40pm CEToriginalOne dealer in Bohemia and one in Moravia are rebuilding present showrooms; in Moravia one current dealer will build…
read moreFinancing of cars Renault, Dacia and Nissan in Czech Rep newly covered by RCI Financial Services
January 5, 2010 | 07:18pm CEToriginalIt is the existing joint venture of UniCredit Leasing and RCI Banque, which has changed its name and taken on the Nissan brand...
read moreChinese car market to grow this year despite tax increase
January 5, 2010 | 05:49pm CEToriginalThe pace of the growth is expected to slow down to approximately 15% from 50% expected in 2009. On the other hand, the Chinese government has increased the scrap bonus…
read moreVapour tanks exploded in Czech plant of Avon Automotive, two people dead
January 4, 2010 | 10:27pm CEToriginalThe company will still be operating partially but there is a lack of vapour for some production technologies, for heating as well...
read moreTPCA President Yasuhiro Takahashi and Toyota's JV project manager Satoshi Tachihara exchanged positions
January 4, 2010 | 09:12pm CEToriginalTakahashi has worked in TPCA for 3.5 years. Tachihara had already the Czech plant in charge within his former activities...
read moreGeneral Motors to invest USD 336 million in factory for plug-in hybrids Chevrolet Volt
January 4, 2010 | 08:30pm CEToriginalThe carmaker plans to produce from 8,000 to 10,000 Volt cars in 2011. In some time, the production should increase to...
read moreChina to increase tax on small car purchase to 7.5%
January 4, 2010 | 06:09pm CEToriginalThe measure comes a year after the tax had been reduced from 10% to 5%. The tax concerns vehicles with engine volume to...
read moreMAN to pay EUR 150.6 million fine to end corruption investigations
January 4, 2010 | 05:27pm CEToriginalThe company reportedly bribed to obtain contracts. As a result of the corruption scandal, chief representatives resigned from their posts in November, namely...
read moreNew car sales in Britain up by 58% in November
January 4, 2010 | 01:27pm CEToriginalIt is therefore the fifth consecutive increase in a row. The result has been influenced by scrap bonus program but also by the effort of customers to avoid January VAT rise...
read morePSA and Mitsubishi aim to deepen cooperation
December 30, 2009 | 11:26pm CEToriginalStrategic partnership similar to Renault-Nissan alliance is in the game, but also a capital linkage of both companies. PSA might take a stake in Mitsubishi amounting up to...
read moreSkoda Electric to supply Sofia with 30 trolleybuses for CZK 370 million
December 30, 2009 | 09:19pm CEToriginalAlthough trolleybus sale of the Pilsner-based company is going to fall this year, revenues will rise due to the production of traction engines. Specific vision of 2009...
read moreMichelin aiming to increase tire production in Brazil, Russia, India and China
December 29, 2009 | 07:43pm CEToriginalProduction capacities of passenger tires will be doubled in these countries, truck tires...
read moreVolkswagen plans to invest EUR 19.9 billion between 2010 and 2012
December 29, 2009 | 07:00pm CEToriginalSimultaneously, the carmaker bought a factory of the German company Karmann in Osnabruck, and plans to start production of a new model there in...
read moreIndebted Russian carmaker AvtoVAZ looks for partners and investors for its subsidiaries
December 17, 2009 | 01:21pm CEToriginalAvtoVAZ has already separated six companies from its key activities. Production of steel, industry instruments but also automotive components is concerned…
read moreDusan Blasko from Volkswagen’s Czech representation retires
December 17, 2009 | 12:09pm CEToriginalIn leadership of VW’s division of commercial vehicles, Blasko will be replaced by Patrik Fejtek, current manager of used car sales. From January 1, the post will be occupied by…
read moreCSOB Leasing already informed clients on changes referring to increase in VAT rates
December 16, 2009 | 03:35pm CEToriginalThe change of VAT rates applies to all taxable payments from January 1, 2010 except for temporary arrangements for financial leasing...
read moreManagement of Hyundai’s Czech plant agreed with trade unions, state of strike emergency terminated
December 15, 2009 | 11:27pm CEToriginalBoth parties will be solving other matters within collective negotiations. Moreover, employees should take part in a working Saturday on December 19 so that the company meets its production plan…
read moreChinese company BAIC wants to produce cars under its own brand, bought technologies for older models from Saab
December 15, 2009 | 10:16pm CEToriginalGM is still looking for an investor for Saab; dutch sports car producer Spyker is interested in it, among others…
read moreTPCA opened preventive health center for employees in Kolin
December 15, 2009 | 05:44pm CEToriginalThe centre is supposed to help people who return to work after injuries and surgeries not related to work. Carmaker Skoda Auto…
read moreJapanese carmaker Daihatsu Motor to renew representation in Czech Rep after 12 years
December 15, 2009 | 02:36am CEToriginalRepresentation in other Central European countries is probably being prepared, too. Daihatsu cars share many components with Toyota, which owns…
read moreFaurecia centralizes separate productions of car components
December 15, 2009 | 02:10am CEToriginalIts Czech plant in Pisek has terminated production of plastic interior components, but production of exhausts will grow up here next year…
read moreVitkovice Cylinders want to deliver CNG bottles to carmakers as well
December 15, 2009 | 01:47am CEToriginalWhile Vitkovice Cylinders deliver the bottles to companies executing transformations of cars to CNG. The Czech company is negotiating with carmakers though…
read moreToyota to expand production in Canada, to create 800 jobs in plant in Woodstock
December 15, 2009 | 12:59am CEToriginalThe carmaker thus reacts to a high demand for the Toyota RAV4, whose production will grow after introducing a second shift to...
read moreSwedish truck producer Volvo AB to shut down plant in US
December 15, 2009 | 12:49am CEToriginalIn the plant in Asheville 228 employees will lose their jobs. The decision is a part of the company’s plan for a reduction of production capacities...
read moreHR MANAGERS’ MEETING 2009: Not brains but production workers to be missing in Czech Rep
December 15, 2009 | 12:37am CEToriginalTo educate employees and invest in them pays off nowadays because people do not leave companies but managers…
read more
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