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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
Fiat offering selected parts for Grande Punto and Doblo with discount of up to 50% in Czech Rep by end of July
June 14, 2010 | 01:57am CEToriginalBasic discount on one part is 15% and with each additional part, the total purchase price is reduced by 5 percentage points. Details of the action...
read moreEuropean Parliament intends to approve free trade with South Korea by end of 2010
June 14, 2010 | 01:51am CEToriginalHowever, the European automotive industry strongly resists it due to significant deficit of trade with cars. The U.S. is in a similar situation...
read moreAuto In expands in another city in Czech Rep, to open its fifth Ford showroom
June 11, 2010 | 03:54am CEToriginalAt the same time, it is going to replace another dealer, who has retained the service license, though. The premises in Pardubice, Hradec Kralove, Liberec, Chrudim, will be extended for…
read moreEurop Assistance increased its sales by 66% in Czech Rep in 2009, half accounts to automotive
June 11, 2010 | 03:41am CEToriginalThe structure of roadside assistance interventions abroad; cooperation with carmakers, insurance and leasing companies...
read moreRovina Group completed acquisition of Magneton, paid less than CZK 100 million
June 11, 2010 | 03:17am CEToriginalThe purchase contract was signed on June 1, Rovina Group settled the amount in two phases. The exact value of the transaction...
read moreSkoda dealer and petrol station operator FB automobil got into financial problems
June 11, 2010 | 03:11am CEToriginalThe Court commenced insolvency proceedings with the company, owing for the fuel as well. Creditors, debt levels, partners...
read more2010 Brno Truck & Motor Show : Over 85,000 visitors came, less than expected
June 11, 2010 | 03:00am CEToriginalIn 2009, the Autosalon attracted 130,000 people, the Autotec about 63,000 people in 2008. Sales success of the dealer Auto Pokorny, 2011 Brno Motor Show...
read moreFinancing of cars under 3.5 t in Czech Rep down by 5.5% in Q1, up by 4.8% for new cars only
June 11, 2010 | 01:02am CEToriginalThe company Credium did better than the whole market when its growth reached 5.7%, or 13.6%. Share of credit financing and new cooperation with Isuzu...
read moreShift of production of Skoda Roomster to reduce agency staff in Kvasiny plant
June 11, 2010 | 12:35am CEToriginalRegarding the high status of orders, however, their numbers are likely to increase by about 200 people in June. Cooperation with the agency Manpower is changing...
read morePrices of cars sold on Czech market dropped by 0.4% m/m in May
June 11, 2010 | 12:17am CEToriginalBoth new and used cars became cheaper. While prices of spare parts have fallen, prices of service works have gone up. Detailed info...
read moreGermany rejected GM’s request for state help to Opel, negotiations with federal states to take place
June 10, 2010 | 11:57pm CEToriginalGeneral Motors is said to have enough money to finance Opel’s restructuring, and the aid could affect competition in addition...
read moreFord Extra 12: Warranty for Ford used cars for 1 year on completion of inspection service
June 10, 2010 | 11:53pm CEToriginalThe guarantee program has been prepared by Europ Assistance and Ford for 10 European countries including the Czech Republic. Coverage, exclusions, availability at dealers...
read moreVolkswagen plans to double its production capacity in China by 2014
June 10, 2010 | 11:34pm CEToriginalThe carmaker, along with its local partner FAW, will begin the construction of a new factory there at the end of 2010, investing EUR 520 million. Details of the plant, sales outlook...
read moreCar sales in Russia rose by 31% in May, growth rate accelerated from April’s 20%
June 10, 2010 | 11:11pm CEToriginalNot only scrap bonus contributed to the high growth. Over five months of 2010, sales decreased by 5%. The brand which benefits from scrap bonus the most…
read moreJan Krob left CSOB Leasing after five months
June 9, 2010 | 10:55pm CEToriginalThe position of executive director of commerce is now under the competitive tendering. Interim commercial head, Krob’s new position...
read moreGM recalls by 1.5 million cars to service due to defective windscreen washer, majority in the U.S.
June 9, 2010 | 10:48pm CEToriginalThese are pickups, SUVs and passenger cars produced between 2006 and 2009, brands Buick, Cadillac, Hummer, Chevrolet, GMC and Saturn...
read moreMazda and Credium launched finance calculator in Czech Rep and Slovakia
June 9, 2010 | 10:42pm CEToriginalThe price calculator after entering customer parameters (down payment, instalment, period) offers affordable models. Parameters of the loan...
read morePeugeot in June: Version Sportium for 207 and 308, extended warranty of 3 years/60,000 km for higher equipment for free
June 9, 2010 | 10:30pm CEToriginalA total of 2,108 candidates decided to test a car in May, half with the 5008 model. Details of special offers...
read moreMercedes-Benz Econic 1828 LS NGT: Low semi-trailer tractor having little success at Czech customers, CNG drive to change it
June 9, 2010 | 10:21pm CEToriginalOperational and performance characteristics, savings compared with the diesel version, extra charge for CNG, utilization, sales results...
read moreU.S. government and carmakers to build charging stations for electric cars, having 4,600 of them by 2011
June 9, 2010 | 10:13pm CEToriginalThe state support for public and private stations, the program's budget, activities of Coulomb Technologies, upcoming electric cars EREV...
read moreDaimler expects stagnating sales of Mercedes-Benz and Smart passenger cars in 2010
June 9, 2010 | 04:35am CEToriginalSales in 2008, 2009 and plan for 2010, sales to car rentals including CNG vehicles, corporate clients, results of the Prague dealership, the CarStore program...
read moreMahindra and Renault/Nissan/Samsung alliance interested in indebted carmaker SsangYong Motor
June 9, 2010 | 04:18am CEToriginalSAIC’s share in SsangYong should be reduced to 11.2% within the restructuring. The expected value of the transaction...
read moreBRNO: SAP: Production of motor vehicles in Czech Rep to grow by 3.3% in 2010
June 9, 2010 | 04:13am CEToriginalExpected trend of production in individual segments: passenger cars, light commercial vehicles, trucks, buses, motorcycles, trailers...
read moreIndependent car dealer Auto Busch opened new showroom in Prague
June 9, 2010 | 04:03am CEToriginalIt is the third showroom of the company in the Czech Republic. It is going to offer sales of new and newish cars of Ford and Mitsubishi brands there, other brands to follow later...
read morePwC: Volume of automotive mergers and acquisitions up 4 times in 2009, but their number decreased by 3%
June 9, 2010 | 03:59am CEToriginalThe significant increase in the value of M&A was influenced by activities of the U.S. Treasury. Outlook for the industry and property changes...
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