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Genesis Private Equity Fund IV (GPEF IV) from Genesis Capital group acquired majority stake in STT Servis (manufacturer of metal components, constructions of production lines for automotive, logistics, other industries with 40-50 employees in Dlouhá Loučka, Czechia; customers, projects: Mercedes-Benz, Jaguar; turnover of over CZK 250 million/EUR 10 million in 2022) from founders (Tomáš Ticháček, Šárka Ticháčková). KPMG and Wolf Theiss advised sellers, JŠK advised buyer
January 31, 2024 | 04:37pm CETflashread more
Car of the Year 2024 (COTY): 28 cars of 18 brands (BMW 5 Series, XM, BYD Atto 3, Dolphin, Han, Seal, Fiat 600e, Ford Bronco, Honda CR-V, e:NY1, ZR-V, Hyundai Ioniq 6, Kona, Jeep Grand Cherokee, Kia EV9, Lexus RZ, Lucid Air, Mercedes-Benz E-Class, Mercedes-EQ EQE SUV, Nio ET7, Peugeot E-3008/3008, Renault Espace, Scenic, Smart #1, Toyota C-HR, Prius, Volkswagen ID.7, Volvo EX30) nominated for European car of year poll
January 31, 2024 | 04:08pm CETflashread more
AutoBinck completing separation of distribution of MG Motor on Czech, Slovak markets from import of Mitsubishi Motors (M Motors CZ, M Motors SK), standalone MG sales representations (AB Motors CZ, AB Motors SK) to start operating from February 1. Distributor signs new dealer contracts and introduced complete team for Czechia (managing director Martin Králíček, sales director Jan Šnajdr, sales manager Michal Rambousek, fleet manager Jiří Forman, marketing & PR director Marek Vodička, financial controller Martin Čech), while back office to be shared (shared service centre) for entire ACDR (AutoBinck Car Distribution and Retail) division. Some dealer contracts not to be renewed, Králíček said
January 30, 2024 | 01:45pm CETflashread more
Honda Civic hybrid (HEV; 123 points) became Car of the year 2023 in Czech Republic, followed by BMW X1 (PHEV, BEV; 83), Volkswagen ID.Buzz (BEV; 83), Renault Megane e-Tech (BEV; 79), Peugeot 408 (PHEV; 75) and Ford Ranger (57), jury of 20 motoring journalists decided
January 30, 2024 | 01:24pm CETflashread more
SMMT: Car production in UK up by 20.7% y/y in December and by 16.8% to 905,117 in 2023 (Nissan: 324,893, +36.3%; Jaguar Land Rover: 238,422, +17.6%; Mini: 184,996, -0.7%; Toyota + Suzuki: 122,193, +15.7%; Bentley: 12,859, -17.8%; Aston Martin + Caterham + LEVC + Lotus + McLaren + Morgan + Rolls-Royce: 21,754, +28.4%; Vauxhall + Citroën + Peugeot: 0, -100%), commercial vehicle (vans, trucks, taxis, buses, coaches) manufacturing by 80.3% and by 18.5% to 120,357
January 26, 2024 | 04:40pm CETflashread more
Yemeni Houthi attacks in Red Sea: Tesla to suspend most production in Grünheide near Berlin, Germany (Gigafactory Berlin-Brandenburg with 11,500 employees; Model Y BEVs) for two weeks (January 29 – February 11) due to shortage of components from China caused by shifting transport routes between Asia and Europe via Cape of Good Hope
January 26, 2024 | 04:31pm CETflashread more
Škoda Auto delivered 866,800 vehicles to customers in 2023, representing increase of 135,500 units/18.5% (Octavia 191,900 cars, +36%; Kamiq 116,500, +21%; Kodiaq 105,900, +12.1%; Karoq 100,100, +14.1%; Fabia 94,400, +1.9%; Enyaq 81,700, +52.1%; Superb 67,400, +10.9%; Scala 59,200, +49.8%; Kushaq 26,600, -0.6%; Slavia 19,900, -4.9%; Rapid 3,300, -81%) and return to level of 2021 (878,200). Sales in Europe (712,000, +23.9%) and some Asian countries (Turkey 33,600, +81.8%; Israel 14,500, +7.3%; Taiwan 10,000, +51.5%) grew, India (48,800, -5.8%) and China (22,800, -48.9%) experienced decline
January 26, 2024 | 04:24pm CETflashread more
Janeček (PwC): Car production in Czechia to decline slightly in 2024 (2023: 1.4 million)
January 25, 2024 | 03:37pm CETflashread more
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ, formerly Swell; provider of research, development/R&D, testing services for automotive, railway, aviation, space industries with more than 150 employees in Hořice and Mladá Boleslav, Czechia; sales revenues of CZK 300 million/EUR 12 million in 2022) to managers (Petr Havlík 12.5%, Jaromír Kejval 7.5%, Milan Křovina 5%), BHS Private Equity Fund (70%), Versute Investments (5%), who renamed it Tiyo. Arrows advised managers in MBO/LBO (management/leveraged buyout) transaction, Schönherr (Schoenherr) advised BHS fund, CMS advised seller
January 25, 2024 | 03:19pm CETflashread more
Witte Automotive, ADAC Automotive, Strattec Security Corporation agreed to split joint venture VAST (Vehicle Access Systems Technology) Automotive Group (formerly VAST Alliance) after 23 years of partnership. ADAC to take over VAST's activities in Brazil, Strattec to acquire branch in South Korea, Witte to become sole owner of VAST Automotive Group with operations in China, India (Minda VAST Access Systems/MVAS), Japan
January 24, 2024 | 02:52pm CETflashread more
AutoSAP: 8,134 (passenger) electric vehicles produced in Czechia in December and 180,910 in 2023 (+34%; 6,408 and 130,594 battery electric vehicles, +49.9%; 1,726 and 50,316 plug-in hybrids, +5.1%), of which 8,132 and 180,887 cars (Škoda: 4,035 and 86,732 BEVs, 135 and 22,103 PHEVs; Hyundai: 2,371 and 43,839 BEVs, 1,591 and 28,213 PHEVs) and 2 and 23 buses (SOR: 2 and 23 BEVs, 0 and 0 PHEVs; Škoda Electric: 0 and 0 BEVs, 0 and 0 PHEVs)
January 24, 2024 | 02:41pm CETflashread more
Sales (deliveries to customers) of battery electric vehicles (BEV) of Volkswagen Group up by 16.3% in Q4, by 26.5% in H2, by 34.7% to 771,100 in 2023 (VW +2.2%, +9.4%, +21.1%; Škoda +62%, +59.9%, +52.1%; SEAT+Cupra -6.2%, +14.2%, +44.3%; VW Commercial Vehicles +66.1%, +163.8%, +288%; Audi +34.4%, +50.8%, +51%; Porsche +31%, +42.2%, +16.7%; MAN +62.4%, +62.7%, +13%; VW Truck & Bus -20%, -61.2%, -62.8%; Scania -50.4%, -41.6%, -6.1%; Navistar +625.9%, +282.2%, +150.9%). VW ID.4/ID.5 (223,100 cars), VW ID.3 (140,800), Audi Q4 e-Tron (including Sportback, 111,700), Škoda Enyaq iV (including Coupé, 81,700), Audi e-Tron/Q8 e-Tron (including Sportback, 49,000), Cupra Born (45,300), Porsche Taycan (including Turismo, 40,600), VW ID. Buzz (including Cargo, 28,600) were best-selling BEVs in 2023. BEV share of total deliveries rised to 8.3% (+1.4 pp, 2022: 6.9%)
January 24, 2024 | 02:33pm CETflashread more
ACEA: New car registrations in EU down by 3.3% in December (first drop after 16 months of growth), up by 13.9% to 10.55 million in 2023 (Volkswagen +1.1%, +18%; Stellantis -19.2%, +2.9%; Renault -4.5%, +16.9%; Hyundai +6.5%, +4.2%; Toyota +3.4%, +9.9%; BMW +10.3%, +15.5%; Mercedes-Benz -4%, +8.8%; Ford -21.3%, -4.6%; Tesla -6.9%, +89.2%; Volvo Cars -4.7%, +14.7%; Nissan +13.2%, +25.8%; Suzuki +22.4%, +43.5%; Mazda +4.7%, +34.4%; Jaguar Land Rover +10%, +18.3%; Mitsubishi -47.2%, -25.3%; Honda +13.6%, -17.7%), individual fuel/power types successful differently (BEV -16.9%, +37%; PHEV -40.2%, -7%; HEV+MHEV +26%, +29.5%; FCEV+NGV/CNG+LPG+biofuel/ethanol +5%, +15.7%; petrol +5.1%, +10.6%; diesel -9.1%, -5.8%). Battery electric vehicles (share 14.6%) surpassed diesel cars (13.6%) in 2023
January 23, 2024 | 10:47am CETflashread more
ESG, Vision2030: ČEZ ESCO built photovoltaic (PV) power plant with peak output of 1.61 MW (718.96+894.52 kWp) on roof of Aisan Industry plant in Louny, Czechia (manufacturer of gasoline fuel pumps, other components for cars, motorcycles with 630 employees; customers, projects: Toyota, Renault, Honda, Dacia, Volvo, Suzuki, Ford, Land Rover, Jaguar, Fiat, Aprilia, Piaggio, Moto Guzzi, Harley-Davidson, Ducati, MV Agusta, Bitron, Delphi, Denso, Magneti Marelli, Kai). More than 3,500 solar panels installed on roofs of two halls (C, L) with area of 15,000 sqm to generate more than 1.6 GWh of green energy, saving 20% of electricity consumption (CZK 6 million/EUR 242,000). Surpluses supplied to distribution system not to constitute more than 18.4% of amount of energy produced. Aisan Industry Czech to reduce CO2 emissions by 18,800 tons in 25 years (751 tonnes/year). Investment of CZK 42 million (EUR 1.7 million) supported by subsidy of more than 25% (CZK 11.5 million/EUR 464,000) from European Union within Next Generation EU program, National Recovery Plan
January 23, 2024 | 10:36am CETflashread more
AutoSAP: Car production in Czechia down by 2% y/y in December, up by 14.8% to 1.4 million in 2023 (Škoda+SEAT +0.8%, +24.8% to 864,889; Hyundai -10.2%, +5.6% to 340,500; Toyota +1.3%, -4.9% to 192,427). Buses (Iveco +10.3%, -0.5% to 4,741; SOR +160%, -5.4% to 492; Škoda Electric 0 units, 0 units), motorcycles (Jawa -65.7%, -53.5% to 755), trucks (Tatra n/a, +6.3% to 1,432, +7.5% in Q4), trailers (Agados n/a, -18.5% to 16,924, -19.6% in Q4; Schwarzmüller n/a, -34.7% to 1,283, -12.5% in Q4; Panav n/a, +8.6% to 516, +0.7% in Q4) successful differently. Despite number of challenges (Russia-Ukraine conflict, Israeli-Palestinian conflict, high energy prices, long-term unsatisfactory situation on labour market, outages and volatility in supply chains, growing foreign competition especially from Asia), we managed to return to highest volumes from 2017-2019, Jahn pointed out
January 23, 2024 | 10:27am CETflashread more
GlobalData: Global new light vehicle sales up by 11.6% to 8.38 million in December, by 11.1% to 90.8 million in 2023 (Western Europe -4.3% to 1.09 million, +14.1% to 13.26 million; Eastern Europe including Turkey and Russia +27.9% to 402,171, +34.9% to 3.98 million)
January 19, 2024 | 02:51pm CETflashread more
Statistics Austria (Bundesanstalt Statistik Österreich): New car registrations in Austria up by 11.2% to 239,150 in 2023, representing return to level of 2021 (239,803). Average CO2 emissions fell by 8 g/km (-7.1%) to 104 g/km or by 4 g/km (-3%) to 130 g/km excluding electric and hydrogen cars (BEVs, FCEVs). Penetration of battery electric vehicles reached 19.9% (47,621 units, +39.4%)
January 19, 2024 | 02:42pm CETflashread more
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague, Czechia from Smíchov to Ořech, Porsche Inter Auto (Volkswagen, Audi, SEAT, Škoda, Porsche, Bentley, Lamborghini, VW Commercial Vehicles, Seikel dealer in Prague, Pilsen, Brno, Olomouc, Hradec Králové, České Budějovice, Ostrava, Opava) considers opening centre for historic Porsche models (oldtimers, youngtimers) in released premises, providing sales and service of 1948-2012 vintage cars (356, 911 F, 914, 911 G, 924, 928, 944, 959, 964 911, 968, 993 911, 986 Boxster, 996 911, Carrera GT, Cayenne, 997 911, 987 Boxster, 987 Cayman), first in Czechia. Currently, nearest Porsche Classic partners are in Germany, Poland and Hungary
January 19, 2024 | 02:32pm CETflashread more
Automotive Seating Innovation 2024: Automotive IQ (IQPC) to hold 17th conference on automotive seating innovations in areas of lightweighting, cost reduction, occupant comfort & safety in Frankfurt, Germany on February 20-22. Representatives of JLR (Jaguar Land Rover), Toyota Research Institute, Bugatti Rimac, Hyundai Motor, Bentley Motors, Arrival, Lynk & Co, TOFAS (Türk Otomobil Fabrikasi Anonim Sirketi), Ford Otosan, Adient, Valeo, Fraunhofer to speak at event
January 17, 2024 | 02:34pm CETflashread more
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