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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
Saab seeks return to small car segment, inspired by model from 50’s
May 31, 2010 | 03:44am CEToriginalThe new entry-model Saab 9-1/9-2 should reach the market in 2013. The carmaker’s sales plan for 2010 and 2011, including individual models...
read moreToyota Financial Services: In future we will offer financing of extended warranties and service contracts, supplementary insurance, untied loans
May 31, 2010 | 03:26am CEToriginalDuring 10 years in the Czech Republic, the company has financed over 14,000 Toyota and Lexus cars, which represents a penetration...
read moreJaguar Land Rover plans to assemble cars in China, seeking partner there
May 31, 2010 | 03:06am CEToriginalThe carmaker would like to produce at least two models in China. The production in Britain, the Range Rover LRX, the worldwide sales in April...
read moreAuto-Plus: Gift certificate from SkofFIN with purchase of used Volkswagen and Audi on lease/credit
May 31, 2010 | 02:38am CEToriginalIt can be used for accessories, spare parts or services. The number of cars offered, website visit rate, customer trends, sales from January to April 2010...
read moreSkoda Auto confirmed arrival of new CEO Winfried Vahland
May 31, 2010 | 02:19am CEToriginalPrevious Skoda Auto board chairman Reinhard Jung will retire after three years in office. The change will take place on...
read moreGhosn (Renault, Nissan): Debt crisis could reduce car sales in Europe in 2010
May 31, 2010 | 02:11am CEToriginalIn the U.S., sales are expected to rise by 15% and return soon above 14 million cars annually. As for electric cars...
read moreNew comparison site for damage liability Porovnani-online.cz launched in Czech Rep
May 31, 2010 | 02:06am CEToriginalIt has thus joined dozens of others. Cooperation with insurance companies, competitors, arranging insurance in the world online, expert opinion...
read moreVolkswagen reportedly to become strategic partner of Malaysian carmaker Proton
May 31, 2010 | 01:58am CEToriginalEstablishment of an alliance of both companies is about to be announced within two weeks. The history of negotiations, the possibility of assembling VW cars Proton’s plants...
read moreCredium in June: Service pack for Fiat Ducato worth CZK 63,000 CZK for CZK 6,666 with financing by lease
May 31, 2010 | 01:50am CEToriginalThe pack includes assistance services from Europ Assistance, extended warranty, service inspections, damage liability with a high coverage. Special offers for other brands...
read moreTatra reduced loss in 2009, by contrast carmaker itself deepened it
May 31, 2010 | 01:32am CEToriginalThe group’s revenues fell by 45% to CZK 4.3 billion. Detailed results of the Czech truck manufacturer...
read moreRussian Technologies wants to raise stake in AvtoVAZ by 15 percentage points
May 31, 2010 | 01:24am CEToriginalThe Russian state would thus dominate the carmaker with 40%, Renault intends to retain its 25% share. Sales plan for 2010...
read moreNew Audi dealer Autosalon Klokocka aims to sell up to 150 cars in 2010
May 28, 2010 | 04:11am CEToriginalIt has now opened the Audi Terminal for CZK 130 million in Prague. Plan for 2011, the loyalty program, shift to Shell oils, other brands...
read moreNew rules for car service and sale in EU: Changes in warranty validity, changes for multi-branded showrooms
May 28, 2010 | 03:46am CEToriginalAll measures should reduce the cost of carmakers and the price for customers in the service centres. Details of changes, including the validity...
read morePSA to produce low-cost cars, starting production of new entry-model in Spain
May 28, 2010 | 03:33am CEToriginalThe new model will be sold by the carmaker under brands Peugeot and Citroen. Primary target markets and the place of production...
read moreUniCredit Leasing started to cooperate with Suzuki brand in cars and motorcycles financing in Czech Rep
May 28, 2010 | 03:28am CEToriginalThe first offer of the Suzuki Finance is a zero increase of instalments from 40% down payment. It is the 13th cooperation with a carmaker on the Czech market...
read mores Autoleasing offers flood-stricken clients schedule of payments extension
May 28, 2010 | 03:16am CEToriginalThe refinancing of loan or lease is free of charge and the company will carry it out within an accelerated mode. However, this is conditioned by...
read moreInterest in new Opel Astra exceeded expectations, carmaker launching extra shifts in Gliwice-based plant
May 28, 2010 | 02:59am CEToriginalThe model’s registrations in Europe have increased by 54% over four months. The current number of orders is already approaching the planned sales for 2010...
read moreGE Money Auto: autoCredit with weekend stay attracts public; offer extended until July 31
May 28, 2010 | 02:46am CEToriginalOver 1,730 customers made use of the offer in two months, choosing especially hotels in the Czech Republic. The special offer has increased the number of visitors on websites...
read moreDirect Pojistovna created new post of commercial director with responsibility for sales channels
May 27, 2010 | 05:09am CEToriginalRoman Wojdyla, the former CFO, was appointed to the position. A new CFO has become...
read moreGreat advertising sites in Czech Rep introducing defence against used-car frauds
May 27, 2010 | 04:53am CEToriginalTipcars.com has a button for an announcement o any objectionable advertisement, Sauto.cz promises the same in summer and on its website there is a warning on how to detect frauds...
read moreNehodova sluzba accused Czech insurance companies of overcharging damage liability
May 27, 2010 | 04:34am CEToriginalThose are allegedly higher than in Germany but lower than in Austria. The difference between the selected insurance companies and benefits paid...
read moreErika Duchanova from UniCredit Leasing became new chairwoman of CLFA media committee
May 27, 2010 | 04:17am CEToriginalDuchanova has been a member of the media committee for several years. She has replaced Bela Jaskova in office, who…
read moreU.S. government increased number of potential deaths associated with unintended acceleration
May 27, 2010 | 04:04am CEToriginalIn the past 10 years, it might have been linked with 89 deaths compared with the earlier 52 reported. Since 2000, the NHTSA has received complaints amounting to...
read moreChinese carmaker Great Wall expands in Europe, seeking partners also in Czech Rep
May 26, 2010 | 03:32am CEToriginalGreat Wall has already addressed several dealers on the Czech market with an offer to sell its cars. Models, prices, sales plans, planned representations in Europe...
read moreVolkswagen to take over long-time supplier of development services Italdesign Giugiaro
May 26, 2010 | 03:14am CEToriginalThe German carmaker will obtain a share of 90.1% in the Italian company, the remaining 9.9% will remain in the possession of the current owner...
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