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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
Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 16.8% to EUR 193 billion in 2023 (2022: EUR 165 billion), but number of employees decreased by 0.3% to 405,600. Largest companies in sector include Škoda Auto (EUR 23.45 billion, +31%; 34,884 people, -1%), Volkswagen Slovakia (EUR 11.76 billion, +21%; 10,566, -3%), Audi Hungaria (EUR 9.1 billion, +8%; 12,766, -1%), Kia Slovakia (EUR 8.01 billion, +19%; 3,607, +1%), Hyundai Motor Manufacturing Czech (EUR 7.64 billion, +13%; 2,852, +5%), Volkswagen Poznań (EUR 5.74 billion, +14%; 9,824, +4%), Automobile-Dacia/Renault (EUR 5.23 billion, +1%; 11,457, -6%), Mercedes-Benz Manufacturing Hungary (EUR 5.08 billion, +28%; 4,765, -1%), Toyota Central Europe (EUR 4.94 billion, +30%; 107, -4 %), Volkswagen Group Polska (EUR 4.93 billion, +35%; 644, +4%), FCA Poland/Stellantis (EUR 3.54 billion, +33%; 2,326, +5%), MAN Trucks Sp. z o.o. (EUR 3.41 billion, +68%; 2,245, +48%), PCA Slovakia (EUR 3.28 billion, -10%; 3,072, -13%), Toyota Motor Manufacturing Czech Republic (EUR 2.98 billion, -5%; 3,228, -9%), Magyar Suzuki (EUR 2.87 billion, +34%; 2,937, +3%), Continental Barum (EUR 2.85 billion, +0%; 4,374, +1%), Ford Otosan Romania (EUR 2.75 billion, -2%; 5,581, +0%), Mercedes-Benz Manufacturing Poland (EUR 2.62 billion, +24%; 1,384, +4%), PKP Polskie Linie Kolejowe (EUR 2.59 billion, +17%; 41,415, -1%), Mobis Automotive Czech (EUR 2.53 billion, +35%; 1,485, +16%), Polskie Linie Lotnicze LOT (EUR 2.33 billion, +22%; 1,240, -3%), Mercedes-Benz Polska (EUR 2.09 billion, +21%; 158, +0%), Mobis Slovakia (EUR 1.98 billion, +10%; 2,136, -0%), Continental Automotive Czech Republic (EUR 1.89 billion, +2%; 5,042, -17%), Volkswagen Motor Polska (EUR 1.88 billion, +33%; 1,254, +2%), BMW Vertriebs GmbH Sp. z o.o. Oddział w Polsce (EUR 1.67 billion, +14%; 74, -4%), Robert Bosch SRL (EUR 1.64 billion, +16%; 5,875, +13%) and other firms of Volvo, Scania/Traton, Porsche/Volkswagen, Iveco/CNH, Solaris/CAF, Michelin, Autoliv, ZF, Tigar Tyres, Motherson, Valeo, Sungwoo, Schaeffler, BorgWarner, Faurecia/Forvia, Pirelli, Auto Partner, Hankook, Lear, Brembo, Adient, Denso, České dráhy, PKP Intercity, Raben, DPP, Amazon, Arcturus, Havi, Tallink, Wielton, Plichta, Waberer’s groups. High labour costs encourage businesses to be more open to automatization, robotization and higher productivity levels that come with this, Coface said
November 25, 2024 | 11:34am CETflashread more
ACEA: New car registrations in EU up by 1.1% in October (Volkswagen +12.6%; Stellantis -16.7%; Renault -0.4%; Hyundai -7.5%; Toyota +13.7%; BMW +0.8%; Mercedes-Benz +2.6%; Ford -13.6%; Volvo Cars +22.5%; Nissan -8%; Tesla -23.1%; SAIC -10%; Suzuki -10.5%; Mazda -12.8%; Jaguar Land Rover -22.1%; Honda -10.4%; Mitsubishi +8.6%), individual fuel/power types successful differently (BEV -4.9%, PHEV -7.9%, HEV+MHEV +19.8%, FCEV+NGV/CNG+LPG+biofuel/ethanol +2.5%, petrol -4.7%, diesel -10.8%)
November 25, 2024 | 11:25am CETflashread more
Changes
Edmunds.com: Nearly 80% of cars sold in US would have been sold even without scrap bonus
December 15, 2009 | 12:20am CEToriginalThe United States thus spent USD 24,000 (CZK 430,000) for one additional car sold during the scrappage scheme. Ford Motor agrees but adds…
read moreThreat of strike in Hyundai’s Czech plant grows, trade unions want to solve situation at global level
December 14, 2009 | 11:51pm CEToriginalThe trade unions want to appeal to the KOVO global trade union association, the OECD and both carmaker Hyundai and its trade unions in Korea…
read moreZliner’s new owner focuses on buses, sales of passenger cars to be subdued
December 14, 2009 | 01:14am CEToriginalZliner is an independent dealer of Toyota, Lexus and Daihatsu cars currently; its showroom in Zlin will probably be for sale in the future...
read moreCzech Insurance Association works on methodology of assessment of fault sharing
December 13, 2009 | 11:54pm CEToriginalIt has been inspired by the Czech Republic and foreign countries as well. A catalogue of standardized cases of shared fault with a specific share could be ready in...
read moreBankruptcy of US airbag producer Global Safety Textiles (GST) has consequences in Czech Rep too
December 13, 2009 | 11:49pm CEToriginalCzech plant in Jevicko will terminate its activity by April, 2010 and will dismiss 350 employees. Its controling company ITG, or more precisely Wilbur Ross is now looking for a buyer for GST…
read morePeugeot 3008: Exceeding of this year’s sales aim in Europe and Czech Rep also by 15%
December 13, 2009 | 11:16pm CEToriginalThe carmaker registers 50,000 orders after six months and increases production in Sochaux. Shares of the particular motorizations, equipment versions and plan for the year 2010…
read moreCetelem: Demand for Allianz travel insurance bigger than for automobile insurance in Czech hypermarkets of Globus
December 13, 2009 | 11:07pm CEToriginalThere were the most active customers in Chomutov and Prague, where the largest number of insurance contracts was concluded in hypermarket…
read moreHalfords opened its shop with fast service in Borska Pole, Plzen, second one in city
December 13, 2009 | 10:32pm CEToriginalTotally, it is the sixth branch in the Czech Republic. An analysis carried out by Halfords shows that in case of several price levels of products, customers decide for...
read moreVAST to gain full control over both Chinese joint ventures in Shanghai and Fuzhou
December 13, 2009 | 06:12pm CEToriginalPartners of an alliance of VAST, Witte Automotive, Strattec Security and Adac Automotive will thus reinforce their position on Chinese market…
read moreManagement of Hyundai’s Czech plant cancelled all overtime in December
December 11, 2009 | 02:24pm CEToriginalNevertheless, the company wants to agree with trade unions on this year’s one Saturday shift on December 19 so that there would be two shifts and employees would receive a bonus for them…
read moreSkoda Auto to reduce Fabia production from five to four days a week and Roomster to be reduced from 150 to 120 cars a day in Q1
December 11, 2009 | 10:35am CEToriginalEmployees will compensate the deficit during the year on extra shifts within time accounts…
read moreEngine 1.2 TSI (77 kW): Production for 2009 and 2010 in Czech Rep only, from 2011 in Germany too
December 10, 2009 | 10:38pm CEToriginalThe engine is available in the Skoda Yeti and Volkswagen Golf in the meantime. Along with an assembly into other VW Group models, its production will grow next year…
read moreVolkswagen to take over 19.9% of carmaker Suzuki for USD 2.5 billion
December 10, 2009 | 09:29pm CEToriginalThe German company is reportedly interested in increasing the share even over the controlling level of one third. The carmaker will invest up to a half of the revenues from the sale of Suzuki’s stock in…
read moreWages in Jihlava-based plant of Bosch Diesel to go up by CZK 300 from July, 2010
December 10, 2009 | 08:18pm CEToriginalTrade unions acquired a promise of other benefits in collective negotiations; some requirements were not carried through on the contrary…
read moreHead of Allianz pojistovna Miroslav Tacl to resign at year end
December 10, 2009 | 06:32pm CEToriginalThe supervisory board of the insurance company has accepted his resignation; no decision regarding his successor has been taken yet. Members of the board remain…
read moreVolkswagen purchased 49.9% stake in carmaker Porsche for EUR 3.9 billion
December 10, 2009 | 05:56pm CEToriginalPorsche should become Volkswagen’s tenth brands in 2011. The merger will lead to annual savings…
read moreToyota plans to restart production of plants in US and China
December 10, 2009 | 04:59pm CEToriginalThe carmaker will invest EUR 750 million in completion of the plants. Introduction of production and a portfolio of models produced…
read moreAnother investor interested in producer of passenger cars Volvo Car
December 10, 2009 | 04:30pm CEToriginalThe investor is Jakob syndicate composed of Swedish subjects mainly. The group is offering hard cash and is waiting for Ford’s reaction…
read moreJapanese carmaker Isuzu Motors to vigorously enter Central Europe
December 9, 2009 | 10:34pm CEToriginalWithin the next two years, the carmaker will open representation offices in the Czech Republic, Slovakia and Hungary. The offer of models and sales and service network…
read moreRussian government and Renault pledged support to carmaker AvtoVAZ
December 9, 2009 | 08:04pm CEToriginalPutin promised over EUR 1 billion on the company’s restructuring. Renault-Nissan alliance will give EUR 300 million for the production of a new Lada model...
read moreEVC Group to offer electric cars and hybrids charged from electrical network
December 8, 2009 | 06:58pm CEToriginalThe company will offer the completely new electric cars Skoda Roomster and Smart, and transformation of a customer’s car only, too. Parametres, prices and plans…
read moreChina reportedly to continue supporting automotive sector in 2010 as well
December 8, 2009 | 04:54pm CEToriginalTax allowances will be provided for all passenger cars; the allowances will be higher for smaller cars rather than for the larger ones…
read moreGM terminated plan to dismiss 550 employees in Opel’s R&D centre in Russelsheim
December 8, 2009 | 04:12pm CEToriginalAccording to German government, GM does not need any help for Opel. Opel’s employees are prepared to make compromises which could earn GM an annual saving of…
read moreSuzuki to sell stake in JV in Canada to General Motors
December 8, 2009 | 02:52pm CEToriginalGM will thus have full control over CAMI Automotive. Therefore, the US carmaker will find itself without its Japanese production partner…
read moreTwo subjects interested in Lotus representation in Czech Rep
December 7, 2009 | 11:04pm CEToriginalThose are a Czech person from the field of motor sport and one foreign dealership reportedly. In particular...
read more
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