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ESG: Thanks to support of Panattoni (developer, lessor of industrial, warehouse, office space for automotive, other firms in North America, Europe, Asia), racer David Pabiška (SP Moto Bohemia Racing Team, KTM 450 Rally motorcycle) to be first Czech in history to have his fuel emissions offset (through voluntary CO2IN/Amper Holding carbon credits certified by TÜV Nord Czech in amount corresponding to volume of fuel burned and emission factor according to 2024 DEFRA methodology) at Dakar Rally (January 3-17, 2025; Saudi Arabia). Although this only offsets fuel-related emissions (1,880 kg CO2, 800 liters), not total carbon footprint of participation in race, it is important step in effort to minimize impact of motorsport on environment, said Panattoni, aiming to achieve carbon neutrality by 2025
December 18, 2024 | 12:50pm CETflashread more
VDIK: German market for passenger electric vehicles (EVs) to fall by 18.6% to 570,000 units in 2024 (380,000 BEVs -27.5%, 190,000 PHEVs +8.1%; 2023: 699,943 BEVs+PHEVs). In 2025, sales of new rechargeable cars in Germany to increase by 37% to 780,000 (580,000 BEVs +52.6%, 200,000 PHEVs +5.3%), representing market share of 27% (20+7%). Unless framework conditions for electromobility improve, sales volume of battery electric vehicles in 2025 to remain at level of 2024, Labbé pointed out
December 16, 2024 | 12:47pm CETflashread more
Marušinec (ASEP, BatteryX, Elon Club): Batteries for electromobility experienced significant technological progress in recent years (chemistry: lithium-ion nickel-manganese-cobalt/LiNiMnCoO2/Li-ion NMC, capacity: 100 kWh, range: 600 km, lifespan: 20 years, price: CZK 250,000/EUR 10,000; lithium-iron-phosphate/LiFePO4/LFP, 80 kWh, 500 km, 30 years, CZK 170,000/EUR 6,800; sodium-ion/Na-ion, 75 kWh, 350 km, 40 years, CZK 50,000/EUR 2,000; lithium-sulfur/Li-S, 500 kWh, 2,500 km, 20 years, CZK 900,000/EUR 36,000). LFP makes comeback in vehicles, Li-S to likely find application in aeroplanes/aircraft, he added
December 16, 2024 | 12:40pm CETflashread more
ČSÚ: Car prices in Czechia up by 0.4% m/m in November, down by 0.8% y/y (new: +0.5%, +2.1%; used: +0.2%, -2.7%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-1.8%, -3.2%), spare parts and accessories (+0.2%, +4.8%), fuels and oils (+0.8%, -7.6%), maintenance and repairs / service works (+0.1%, +8.9%)
December 16, 2024 | 12:34pm CETflashread more
Dolák (Toyota dealer in Příbram, Písek, Tábor, České Budějovice and Pilsen, Czechia) suspended its intention to continue expanding its branch network in Western Bohemia, expanded service facilities in Pilsen. Company plans to build Lexus dealership in České Budějovice and completely new premises for Toyota brand, as existing showroom in České Vrbné is approaching capacity
December 12, 2024 | 12:58pm CETflashread more
VDIK: German commercial vehicle market to grow by 8.4% to 390,000 units in 2024 (2023: 359,689), of which 300,000 under 6 tonnes (+13%, 266,589) and 90,000 over 6 tons (-3%, 92,800). New van, truck sales in Germany to fall by 5.1% at 370,000 in 2025. Manufacturers developed zero-emission electric and hydrogen trucks that can be ordered and delivered. And many customers are interested in them. Unfortunately, framework conditions for freight ZEVs currently do not meet many expectations. Although there is CO2 surcharge on truck toll, which puts zero-emission trucks in better position than those with internal combustion engines (ICEs), there is lack of planning certainty, for example when it comes to electricity prices, Labbé said. VDIK will continue to advocate for effective government support for purchase of climate-friendly commercial vehicles in future, for example by reinvesting part of revenue from truck toll in transformation of road freight transport. Charging and hydrogen refueling infrastructure for heavy-duty electric trucks is still in its infancy and its construction must now gain momentum very quickly so as not to hinder spread of zero-emission trucks, she added
December 12, 2024 | 12:49pm CETflashread more
Martin Hendrych left Proseat, joining Schneider Electric as Plant Manager in Písek, Czechia (manufacturer of industrial components with more than 500 employees). He replaced Bart Mach in position. Lukáš Berger appointed as new head of Proseat Mladá Boleslav factory (manufacturer of polyurethane foam parts for car seats with 330 employees; customers, projects: Audi Q4, BMW M5 Sedan G90, BMW X6 G6X, BMW X7 G7X, Škoda Fabia, Škoda SK336, Toyota Yaris, Volkswagen ID.Buzz, Mubea)
December 10, 2024 | 02:48pm CETflashread more
VDIK: New car sales in Germany to decrease by 0.9% to 2.82 million in 2024 (2023: 2.84 million), of which 32.5% to be registered by private individuals (916,000, -2%, 2023: 933,147), 32.4% by fleet customers (913,000, -7%, 976,698), 24% by automakers and dealers (678,000, +7%, 635,597), 11.1% by car rental and leasing companies (313,000, +5%, 299,167). This development reflects current uncertainty of private and corporate customers, caused by current economic and geopolitical situation, Schmidt mentioned
December 10, 2024 | 02:41pm CETflashread more
Coface CEE Top 500 Ranking 2024: Electronics, information and telecommunications industry (E/E, ICT; 60 largest firms, -1 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 4.4% to EUR 104-105 billion in 2023 (2022: EUR 100 billion), number of employees grew by 4% to 328,600. Largest companies in sector include LG Energy Solution Wroclaw (EUR 9.09 billion, -3%; 6,546 people, +7%), Samsung SDI Magyarország (EUR 6.04 billion, +48%; 3,344, +25%), Robert Bosch Elektronika (EUR 5.93 billion, +2%; 18,605, +7%), Harman Becker Kft (EUR 2.22 billion, -4%; 4,308, +9%), Continental Automotive Hungary (EUR 2.03 billion, +38%; 6,782, +6%), Bolt Technology (EUR 1.7 billion, +35%; 4,104, -1%), Vitesco Technologies Czech Republic (EUR 1.6 billion, +14%; 4,119, +5%), BYD Smart Device Hungary (EUR 1.24 billion, +65%; 183, +2%), SK Battery Manufacturing (EUR 1.18 billion, +267%; 1,185, +19%), Siemens s.r.o. (EUR 1.15 billion, +1%; 7,474, -1%), SK On Hungary (EUR 1.03 billion, +15%; 2,310, +81%), Bolt Operations (EUR 972 million, +16%; 780, +2%), DPD Polska (EUR 911 million, +1%; 4,545, +8%), Videoton Holding (EUR 811 million, +15%; 9,267, +1%), ABB Sp. z o.o. (EUR 756 million, -2%; 2,688, +68%), Hella Slovakia Lighting (EUR 712 million, +38%; 3,290, -0%), ABB s.r.o. (EUR 703 million, +32%; 3,000, +2%)
December 9, 2024 | 12:54pm CETflashread more
Office for Protection of Competition (ÚOHS) allowed 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)
December 9, 2024 | 12:42pm CETflashread more
Operating Sphere
Sales of cars and vans in Russia down by 12.5% in June
July 15, 2016 | 02:53am CEToriginalSlowing the pace of decline, growth in demand for Skoda cars, results in H1, worsened AEB’s outlook...
read moreEmployees of Czech plant of Toyota and PSA voted for strike
July 14, 2016 | 09:47pm CEToriginalIn wage tariffs and shift surcharge, unions have higher requirements than proposed by an intermediary. Details, further negotiations...
read moreCar sales in China rose by 19.4% in June
July 13, 2016 | 11:31pm CEToriginalThe reduction of the tax burden in October 2015 contributed to the high growth. Demand in H1...
read moreGestamp to build another plant in Central Europe
July 12, 2016 | 11:57pm CEToriginalLocation, number of halls and lines, technology, investment amount, HR, products, clients, timing, Gestamp, Gonvarri and Edscha factories in the region...
read moreCarmudi: German company expands worldwide, passing Europe
July 12, 2016 | 11:45pm CEToriginalThe car advertising portal specializes in emerging markets. Activities in 20 countries, website profile, finances from investors...
read moreSDA: 116 HEVs and 18 EVs registered in Czech Rep in June
July 12, 2016 | 11:19pm CEToriginalThe register also included 183 vehicles powered by CNG and 83 LPG vehicles. Leaders of alternative drives, results in H1...
read moreBorc: Romania leads talks with two automakers on plant construction
July 11, 2016 | 11:56pm CEToriginalCurrently, there are two carmakers active in this Eastern European country – Ford and Renault. The government is negotiating with one European and one non-European company...
read morePorsche expanded Leipzig plant, also because of new Panamera
July 11, 2016 | 11:44pm CEToriginalBody shop construction, environmental technologies, complete production of the Panamera II in Leipzig, HR, daily production, consultancy by Porsche Consulting, prices of second generation, Porsche InnoDrive…
read moreLMC Automotive' 2016 car sales outlook for Western Europe down again after month
July 11, 2016 | 11:24pm CEToriginalThe original and the new estimate, single-digit growth in June, registrations on five biggest markets, the downturn in the UK after the Brexit referendum...
read moreAnalysts: Growing yen to hit Japanese automakers as result of Brexit
July 11, 2016 | 11:17pm CEToriginalHowever, they had already been struggling with the negative impact of the strong domestic currency before the referendum. Details of the predictions, the most affected carmakers...
read moreValeo and Siemens to form JV for EV and HEV drives
July 11, 2016 | 12:31am CEToriginalThe two companies will put relevant activities in it, including those in Central Europe. Shares, headquarters, HR, timing, market outlook by 2020...
read moreiCar Asia appointed new CEO
July 11, 2016 | 12:01am CEToriginalThis group of car advertising portals in the ASEAN region also appointed other new managers. Details, timing, company profile...
read moreMedea Research: Sales of new cars in Czech Rep up by 21.9% in June 2016
July 10, 2016 | 11:24pm CEToriginalGrowth was driven by Skoda, Hyundai, Renault, Mercedes, Dacia, Toyota, Nissan and VW. Results of other brands, developments in vans, further growth of purpose registrations...
read moreBain Capital to sell FTE Automotive
July 8, 2016 | 12:41am CEToriginalThe buyer, price, timing, transaction advisors, profile of the German manufacturer of automotive components with operations around the world, including the Czech Republic and Slovakia...
read moreSDA: Registrations of new cars in Czech Rep up by 20.6% in June
July 7, 2016 | 11:45pm CEToriginalGrowth was driven by Skoda, Hyundai, VW, Renault, Mercedes and Toyota brands. Consumer interest in operating leases, decline in short-term registrations, commercial vehicles, the results of H1, PwC comment...
read moreGermany investigates possible steel cartel in automotive industry
July 7, 2016 | 11:35pm CEToriginalAntitrust authority searched the offices of six domestic carmakers and suppliers. The businesses concerned, reasons, timing...
read moreVolkswagen factories in Slovakia to have company-wide holiday
July 7, 2016 | 11:29pm CEToriginalHowever, this relates to two of the four plants only. Locations, dates of summer shutdown, the affected employees, technological and structural adjustment of facilities...
read morePorsche began to offer service contracts in Czech Rep
July 7, 2016 | 11:18pm CEToriginalPrepaid service to new Porsche cars is only available in one variant...
read moreCar sales in UK down in June, second time in four years
July 6, 2016 | 11:47pm CEToriginalProbable connection with the referendum on Brexit, the results of individual brands, demand in H1, the best-selling models, the decline in activity of consumers...
read moreUSA investigates first death in self-driving Tesla car
July 6, 2016 | 11:32pm CEToriginalThe accident was apparently caused by a driver of another vehicle – truck, however autopilot of the Tesla Model S or its driver did not react by braking. Location, investigation of possible system errors...
read moreCar sales in Germany up by 8.3% in June
July 6, 2016 | 11:17pm CEToriginalThe slowdown in growth, registrations of individual brands, results in H1, production and export, VDA’s outlook for 2016...
read moreDieselgate: Volkswagen rejects compensating customers in Europe same way as in US
July 3, 2016 | 11:01pm CEToriginalThe automaker head again refused the appeal of European commissioner for the internal market. Declared reasons, their actions…
read moreCompany-wide holiday at Czech Hyundai plant to begin soon
July 3, 2016 | 10:39pm CEToriginalThe term of a two-week summer shutdown of production, which the company uses for repairs, adjustments and cleaning of production lines…
read moreBrexit: GM could increase production in UK
July 1, 2016 | 12:23am CEToriginalThe carmaker would consider this option if sterling remained at a low level for a longer time. Profile of the plants in England...
read moreCompany-wide holiday to begin at Czech Skoda Auto’s plants
July 1, 2016 | 12:04am CEToriginalIt will, however, be several weeks earlier than in 2015. A summer production shutdown at the Czech plant of Toyota and PSA will be later though. Installing of new robots...
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