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Raiffeisen-Leasing: Přemysl Beneš, former Commercial Director of movable assets financing, appointed as new Managing Director responsible for Front Office in Czechia. He replaced Alois Lanegger, who left management of company after more than 20 years. Vlastimil Sečkař, former Head of External Distribution Channels, became new Head of Equipment Financing
August 23, 2024 | 01:36pm CETflashread more
Co-owners (Jan Jakubec, Aleš Havlíček) and managers (Daniel Obrátil) of Auto Base (BMW service in Prague, Czechia) acquired DyCom Group (BMW, BMW Motorrad, Honda Motorcycles dealer in Karlovy Vary) from BoostCar (Roman Růžek), through new established company Jenišov 187 s.r.o.
August 21, 2024 | 12:32pm CETflashread more
ČSÚ: Car prices in Czechia up by 0.1% m/m in July, down by 1.3% y/y (new: +0.1%, +1.8%; used: +0.1%, -3.3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (+0.9%, +2.6%), spare parts and accessories (+0.8%, +5.3%), fuels and oils (+1.3%, +5.6%), maintenance and repairs / service works (+0.5%, +8.3%)
August 21, 2024 | 12:24pm CETflashread more
Onsemi signed 10-year agreement worth USD 1.9 billion (EUR 1.75 billion) to supply silicon carbide (SiC) semiconductor products to Vitesco Technologies to boost electrification technologies (especially for 800 V automotive applications). At same time, Vitesco to provide Onsemi with USD 250 million (EUR 230 million) investment in new production equipment, and two companies to collaborate to further optimize traction inverters and electric vehicle drives
August 21, 2024 | 12:16pm CETflashread more
Volkswagen Financial Services concluded almost 700 financing contracts in Czechia during four and half months since launch of Electromobility Guarantee program from NRB (National Development Bank, guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Greatest interest is in Škoda Enyaq Tour 50, followed by Volkswagen ID.7 Pro People. Average financed value is CZK 609,000 (EUR 24,170)
August 16, 2024 | 11:51am CETflashread more
GlobalData cut 2024 Western European new car sales outlook by 160,000 units from 11.74 million (+1.6%) to 11,58 million (+0.2%)
August 16, 2024 | 11:40am CETflashread more
National Development Bank (NRB) accepted 3,289 applications (for 3,532 vehicles) in Czechia during more than four and half months (20 weeks, March 18 – August 6) since launch of Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Bank concluded 2,663 guarantee contracts, approved another 164 applications, now assessing 436 applications, rejected several units of applications. Greatest interest is in Tesla cars (1,680 vehicles until July 24), followed by Volvo (373), Škoda (228), Volkswagen (210), BMW (161), MG (156), Hyundai (99), Kia (66), Mercedes (66), Toyota (58), Ford (42), Renault (36), BYD (33), Dacia (32), Fiat (28), Peugeot (25), Citroën (20), Nissan (17), Mini (13), Opel (12) and others (70). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million – CZK 1.65 billion for BEVs/FCEVs + CZK 300 million for chargers), 54% (CZK 1.05 billion/EUR 42 million) currently reserved
August 15, 2024 | 04:34pm CETflashread more
Onsemi signed strategic agreement with Volkswagen to supply semiconductors that enable complete electric vehicle traction inverter solution for VW’s next-generation platform family. In first step, Onsemi to deliver EliteSiC 1200 V silicon carbide (SiC) power modules for traction inverters
August 15, 2024 | 04:15pm CETflashread more
VDA: Car production in Germany up by 13% y/y in July, export by 17%
August 14, 2024 | 11:40am CETflashread more
Raiffeisen-Leasing concluded more than 700 financing contracts in Czechia during five months since launch of Electromobility Guarantee program from NRB (National Development Bank, guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Greatest interest is in Tesla cars (over 90%), average loan amount for one vehicle is almost CZK 600,000 (EUR 23,810)
August 14, 2024 | 11:31am CETflashread more
Vehicle Segment
Michal Slajs became new manager for SkoFIN’s fleet and VIP customers
July 12, 2010 | 02:20am CEToriginalSlajs has assumed this position after Jan Kloud, who was promoted to the position of a marketing director in April. He came to SkoFIN from the company...
read moreGM to sell Nexteer Automotive division to Chinese company Pacific Century Motors
July 12, 2010 | 02:15am CEToriginalThe transaction value; products, customers and the scope of Nexteer Automotive activities, including Europe; new opportunities in China...
read moreBroker Consulting: Economy may experience second wave of crisis and car prices possibly fall again
July 12, 2010 | 02:07am CEToriginalIt is said that the automotive market is still over-supplied and the company encourages hesitant buyers to wait when purchasing a new car…
read moreRhiag Group continues to strengthen its position in Central Europe, bought Auto Kelly in Czech Rep
July 12, 2010 | 01:53am CEToriginalAfter the company Elit it is another acquisition of a dealer of spare parts. The transaction was realized by exchanging shares of the two subjects...
read moreCar sales in Slovakia fell by 40.6% in June, by 32.9% in H1
July 12, 2010 | 01:37am CEToriginalThe decline is caused by a high comparative base of the last year, affected by the scrap bonus. Light commercial vehicles and individual brands...
read moreRenault and Dacia in July: Megane/Megane Grandtour discounted by CZK 20,000, Clio by CZK 15,000, Sandero by CZK 10,000
July 12, 2010 | 01:29am CEToriginalOn the contrary, the Grand Modus and the Koleos have become more expensive. Extended warranty for some models on lease/credit has a lower limit by 50,000 km now...
read moreSasaki: Toyota Motor not preventing further partnerships similar to Tesla Motors
July 12, 2010 | 01:18am CEToriginalBoth car manufacturers have signed a letter of intend on the development of electric vehicles, Tesla should supply Toyota with the first prototypes by…
read moreSkoFIN launched microsite with current offer of financial products and calculator
July 12, 2010 | 01:00am CEToriginalCurrent products of Skoda TSI Start, VW half, VW suspension, Light; insurance, additional insurance and assistance; support through Facebook and e-cards...
read morePSA Peugeot Citroën to expand production in China, to set up joint venture with another partner
July 12, 2010 | 12:46am CEToriginalThe new plant with Chongqing Changan Automobile should be producing cars and LCVs. The amount of investment, location, expansion with a second partner Dongfeng Motor...
read moreMitsubishi expects sales growth in Czech Rep and Slovakia by 20% in 2010
July 9, 2010 | 05:24am CEToriginalSales in both markets in 2009, plans for 2010, the ability of the brand to entice new customers in recent years…
read moreHyundai strengthened team for long-time Renault manager in Czech Rep
July 9, 2010 | 05:15am CEToriginalAt the same time, importer Hyundai Motor Czech has appointed a new spokeswoman. New managers Jakub Tomas and Hana Holcova...
read moreSales of new cars up to 3.5 tons rose by 14.5% in Czech Rep in June, by 3% in H1
July 9, 2010 | 05:04am CEToriginalJune was marked by the end of the depreciation exceptions. Results in other categories, comparison with the years 2004-2009, the outlook for 2010...
read moreToyota Motor to extend period of development of new models by four weeks
July 9, 2010 | 04:44am CEToriginalThe carmaker is responding to the large convening of cars for repair to ensure a better quality. The development of a new model in Japan now takes…
read moreCitroen Open Way: Special offer for July brings discounts on cars, equipment packs and free navigation
July 9, 2010 | 04:33am CEToriginalAt the same time, Citroen extended the June actions for commercial vehicles. Advantage of separate packs, special prices of selected models...
read moreRenault improved outlook of development for European market in 2010 by 2 pp
July 9, 2010 | 04:26am CEToriginalThe current and new forecast of the car sales in Europe and in the world, Renault’s sales growth in H1 2010...
read moreSkoda expect to increase interest in service program for older cars in Czech Rep in 2010
July 9, 2010 | 04:16am CEToriginalParameters of the program, the results of 2009, expectations for 2010, the number of participating service sites, used car’s inspection free of charge…
read morePSA: Total car sales in Europe rose by 1.1% in H1, to decline by 9% for full year 2010
July 9, 2010 | 04:05am CEToriginalExpected development of markets in China and Latin America in 2010, sales results for PSA Peugeot Citroen over H1...
read morePeugeot extended June special offers to end of summer in Czech Rep
July 9, 2010 | 03:53am CEToriginalTherefore, the offer of sports version Sportium has been still under way, i.e. for models 207 and 308, or extended warranty for 3 years/60,000 km for higher equipment levels free of charge…
read moreVolkswagen increased sales by 15% to 3.5 million cars in H1, of which 2 million were VW cars
July 9, 2010 | 03:49am CEToriginalFor the plant in Mexico the carmaker counts on the production of the new generation VW Jetta and the New Beetle. Production growth of Audi in India...
read moreAuto Hase opened new Volvo showroom in Prague 5
July 8, 2010 | 02:00am CEToriginalAfter two years, the company has moved sales and servicing there from the original showroom in Orech, which has been sold. Location, services, Heico Sportiv, a loyalty program, introduction of the Volvo S60...
read moreAles Polak moved from GE Money Auto to Arval
July 8, 2010 | 01:43am CEToriginalPolak had been working at the GE Money Auto since 2001, most recently as a board member with responsibility for product and dealer management. His predecessor, Marek Pichal…
read moreGeneral Motors negotiates loan of USD 5 billion with banks
July 8, 2010 | 01:32am CEToriginalThe reason for negotiations on the loan is the GM’s effort to finance its expansion in the Chinese market and strengthening of its capital position in case...
read moreFord created e-presentation for special offers in Czech Rep
July 8, 2010 | 01:26am CEToriginalAt Zaostrete.cz there may be found the latest action offers on the Ford Focus, their prices start from CZK 279,990. The discount’s amount, extended warranty, financing…
read moreAAA Auto organizing summer competition for Skoda Fabia in Czech Rep and Slovakia
July 8, 2010 | 12:55am CEToriginalCondition for the participation in the contest is to fill the registration form on the company’s website and right answers for simple questions. Number of Fabia cars in the offer…
read moreCommencement of motorbike taxi operation by Taxi Moto in Prague is delayed
July 8, 2010 | 12:50am CEToriginalThe Prague City Hall does not consider the external design of motorbikes as attractive. Prices, motorbikes’ fleet, service of the turtle-type, similar services abroad...
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