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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
GlobalData: New car sales in Western Europe down by 0.2% to 916,300 in July. Sales to grow by 0.2% to 11.58 million in 2024
August 14, 2024 | 11:25am CETflashread more
Vehicle Segment
Kooperativa moved part of communicate with its clients on Internet
June 24, 2010 | 02:38am CEToriginalOn the website of the insurance company, customers may newly view data in the insurance contract, or make some changes. Possibilities of the new application...
read moreFiat to take control of Chrysler Group's sales activities in Europe
June 23, 2010 | 02:20am CEToriginalThis will mean changes for importers, dealers and financing. The junction of dealer networks of Chrysler and Lancia, brand financing by FGA Capital...
read moreVolkswagen planning another plant in Russia, Skoda Auto to help select location
June 23, 2010 | 02:07am CEToriginalThe German carmaker manufactures and assembles several models in Kaluga, Russia already. Allegedly, it should be an existing plant. The considered location...
read moreA. Charouz still dominates sales of Ford cars in Czech Rep
June 23, 2010 | 01:57am CEToriginalOther dealers in large cities such as Auto Palace, Dankar, Auto Motol Beni and Carent are also successful. Detailed sales and financial results...
read moreSkoda Auto: Czechs incline to electric car purchase more than Germans and Japanese
June 23, 2010 | 01:37am CEToriginalResults of the study in the Czech Republic, Germany and Japan, obstacles to the development and proposals on e-mobility support, planned electric and hybrid cars of the Volkswagen Group...
read moreTatra aims to increase sales, split sales department into two sections
June 23, 2010 | 01:16am CEToriginalPavel Stefka will be responsible for military and defence projects, while sales of trucks will be ensured by the new manager Frank Farsky...
read morePlanned exchange rate release of yuan against U.S. dollar by Chinese government changing commodity prices
June 23, 2010 | 01:00am CEToriginalThe price of gold rose to a new historic record; platinum and silver have reached their monthly highs. Actual raw materials prices and expectations...
read moreAssociation for e-mobility promotion and development established in Czech Rep
June 23, 2010 | 12:48am CEToriginalThe Association of Electromobile Industry (ASEP) is a cluster of companies and universities. Founding members, visions, Superbel orders by taxi services...
read moreJ.D. Power: American cars first overcame quality of imported cars
June 23, 2010 | 12:28am CEToriginalThe chart was led by Porsche, Acura and Mercedes-Benz. Ford on the fifth place got the highest out of the American brands. Toyota fell to...
read moreAAA Auto sold 3,700 used cars in May, by 1,000 more than average sales in Q1
June 23, 2010 | 12:20am CEToriginalIn June, the company registered the highest weekly sales since the beginning of 2010. The bestselling models in the Czech Republic and Slovakia...
read moreSummer megatest with Hyundai i30 facelift: After completing registration discount of 1%, 5 to 15% for 900 graduates of weekly test runs, for 100 of them 30% discount on test car
June 22, 2010 | 11:51pm CEToriginalThe event will take place to late August. This is the second model with the warranty program 5 Years Triple Care...
read moreSkoda Auto: Production of new 1.2 TSI engine in Mlada Boleslav rose to 1,250 units/day thanks to strong demand
June 22, 2010 | 11:46pm CEToriginalThe carmaker has thus overcome the originally planned maximum production capacity of 1,000 units/day. Production will be under way on company holidays...
read moreHalfords ceased operation in Czech Rep, discount sale of up to 70% still in Poland
June 22, 2010 | 11:35pm CEToriginalThe reason is loss operation of fast service shops with sales of spare parts, accessories and bicycles. Financial results in recent years...
read moreAccenture: Revenues of German carmakers decreased by 11% in 2009, suppliers’ by 22%
June 22, 2010 | 11:29pm CEToriginalThe largest company in the automotive industry as well as in the country became Volkswagen; Daimler fell to the third place. Results of the entire economy...
read moreBRNO: New player on market of charging stations Molaris wants to deliver 50 units in Czech Rep in 2010
June 22, 2010 | 04:38am CEToriginalThe company has already supplied the energy company E.ON with the first charging station and is registering demand of others. Three series - Home, Public and Fleet, parameters, payment systems, price...
read moreToyota Motor plans to reduce price of its cars by 30% by 2013
June 22, 2010 | 04:20am CEToriginalThe company wants to achieve it through a new strategy for reducing costs no matter the company recently encountered difficulties with the quality of their cars...
read moreAAA Auto might return to Hungary or to come to Russia earlier - even in 2010
June 22, 2010 | 04:14am CEToriginalIn March the company spoke of the earliest possible foreign expansion in 2011. The final decision, a contract with a local partner...
read moreSkoda Auto changed conditions of used cars’ sales to employees, trying to eliminate unfair business
June 22, 2010 | 02:04am CEToriginalCurrently, the employees may buy a used car for the same price as the contract merchants. Pricing, financing from SkoFIN, compensation of interests...
read moreCebia, Auto AZ Consulting: Half of used cars in Czech used car shops has downsized speedometer
June 22, 2010 | 01:59am CEToriginalThe survey also confirmed the concealment of repairs after crashes and service books after the expiry of the guarantee are not filled in. Details on the survey...
read moreSenators in Czech Rep want to reduce obligations of carmakers regarding processing of car wrecks
June 22, 2010 | 01:32am CEToriginalCarmakers would not have to provide some internal information to wreck processors. More suggestions...
read moreMike Elojarvi to leave Toyota Motor Czech
June 22, 2010 | 01:21am CEToriginalThis will occur in late June. The carmaker has not announced his successor yet. New appointment of Elojarvi...
read moreAAA Auto extended option to repurchase up to 10% of shares till December 2011
June 22, 2010 | 01:13am CEToriginalThe new stock option plan for members of the board expects profit management in 2010, 2011 and 2012...
read moreOctavia, Superb and Yeti contributed most to growth in sales of Skoda cars in May
June 22, 2010 | 12:59am CEToriginalThe estate version contributed to a threefold demand for the Superb. Details of sales in May and the first five months...
read moreCar sales in China rose by 28.5% in May, least in 2010
June 22, 2010 | 12:54am CEToriginalAnalysts foresee a slower growth in the following months; the reason is the high comparative base. For the full year the CAAM association expects...
read moreSuppliers: Hyundai in Nosovice pressurizing vendors by area reduction in prices and threatening with replacing them by Korean companies
June 21, 2010 | 04:11am CEToriginalHyundai's investment in the Czech Republic was to create 4,000 jobs among suppliers. Required percentage reduction in price is nearly double digit...
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