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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
Toyota Motor to suspend Lexus LS sales for three weeks
May 26, 2010 | 03:01am CEToriginalDealers in the USA, Japan, China and Europe, are waiting for parts delivery required for the VGRS repair, because of which the carmaker organizes the recall action...
read moreDemand for green cars in Czech Rep still low, CNG not enforced strongly
May 26, 2010 | 02:50am CEToriginalThe Car Importers Association (SDA) is thus preparing a support system for green cars. Sales of individual models in 2009...
read moreU.S. preparing rules for fuel consumption and emissions for trucks as well
May 26, 2010 | 02:39am CEToriginalThat would refer to trucks manufactured since 2014 whereas the rules for passenger cars and light utility vehicles will be applied from 2012. Details of plans...
read moreLeasing market in Slovakia fell by 8% in Q1
May 26, 2010 | 12:31am CEToriginalWhile the consumer financing has decreased, companies recorded increase. Development in individual segments (cars, trucks, trailers/semitrailers, buses)...
read moreShiga (JAMA, Nissan): Japanese carmakers concerned about debt crisis in Europe
May 26, 2010 | 12:12am CEToriginalTheir export is now strongly influenced by decreasing rate of the euro against the yen. Changing perspective on the European market...
read moreEU ministers agreed to promote green cars
May 25, 2010 | 11:50pm CEToriginalHowever, some states are pushing solely to promote the production of electric vehicles. Positions of individual countries including the Czech Republic, estimates of the market development...
read moreCetelem became another financial partner of Kia Motors in Czech Rep
May 25, 2010 | 01:27am CEToriginalCetelem offers wholesale financing to dealers. The first partner from among dealers, initial menu...
read moreCar sales of Skoda rose by 3.5% in April, by 18.6% over four months
May 25, 2010 | 12:54am CEToriginalChina takes the largest share in that with sales growth by 31.4% in April and by 92.6% over four months. Demand in particular markets, for separate models...
read moreMercedes-Benz extended 'Free A-Class for One Year' special offer for GL in Czech Rep
May 25, 2010 | 12:32am CEToriginalAt the same, the carmaker has extended the action for the S model by the end of 2010. Parameters of both special offers, possibilities after 12 months including financing...
read moreTPCA reduces energy intensity of car production in Czech plant in Kolin
May 24, 2010 | 11:57pm CEToriginalSince 2005, energy consumption, drinking water consumption and waste production per one manufactured car have steadily been decreasing. Detailed info...
read moreCSOB Leasing offers customers affected by floods deferred repayments for up to 2 months
May 24, 2010 | 11:44pm CEToriginalDuring the payment holiday period the customers will pay insurance only. At the same time, the leasing company is prepared to waive payments in certain cases...
read moreJohnson Controls aims to strengthen in China, planning to buy interiors and electronics production from Visteon
May 24, 2010 | 12:59am CEToriginalVisteon currently operates in the USA under a bankruptcy protection. For these assets Johnson Controls offers an amount of...
read moreToyota Motor aims to introduce first electric car by 2012, Tesla Motors to help
May 24, 2010 | 12:31am CEToriginalWhile Toyota gains though the cooperation a technology partner, regarding Tesla, it will be a capital one. The share acquisition in Tesla Motors by the company Toyota...
read moreSkoda Auto expects greater interest in new Fabia RS than in its predecessor
May 23, 2010 | 11:55pm CEToriginalThe increased demand should be promoted by the Combi version, new technologies such as XDS and DSG, but also the entry on other markets such as China. Prices, equipment, packages, extended warranty...
read moreOpel agreed with staff on restructuring, including labour cost reduction by EUR 265 million per year
May 23, 2010 | 11:39pm CEToriginalThe German carmaker has thus through the agreement eliminated an obstacle to receive a state aid, which will be discussed in...
read moreCar financing in Czech Rep fell by 6.7% in Q1, Toyota Financial Services and Arval being movers of the year
May 21, 2010 | 03:18am CEToriginalThere were also other companies growing, namely SkoFIN, UniCredit Leasing, Credium and ALD Automotive. Changes in the Top 10 ranking, changes in the volume of financing, the reasons...
read moreToyota convening 4,500 Lexus LS cars for inspection in Japan
May 21, 2010 | 02:58am CEToriginalThe reasons are the potential problems with a variable gear ratio steering (VGRS). The recall is likely to cover the European market as well...
read moreFurther legal actions against Porsche in US could jeopardize planned merger with Volkswagen
May 21, 2010 | 02:43am CEToriginalThe carmaker Porsche could pay USD 7 to 9 billion for alleged stock market manipulation in connection with an attempted takeover of Volkswagen...
read morePeugeot holds test rides with competition for 5008 MPV at selected dealers in Czech Rep by 2 July
May 21, 2010 | 02:35am CEToriginalDuring this period, customers can take advantage of an offer of a seven-seated version for the price of a five-seater, which represents a saving of CZK 16,000. Financing...
read moreExperts warn of possible offers of submerged cars after floods
May 21, 2010 | 02:24am CEToriginalLarge used car shops do not buy them out. For example, after floods in 1997, AAA Auto introduced a guarantee that the car being sold was not flooded...
read moreNew head of advertising and media for Citroen in Czech Rep Katerina Juranova
May 20, 2010 | 01:48am CEToriginalShe will replace Lenka Martinova in the office, who is going on maternity leave. Juranova has so far worked...
read moreBenet Automotive to concentrate production to new plant in Czech Rep and expand its activities with new production
May 20, 2010 | 01:22am CEToriginalThe Czech manufacturer of bumpers and spoilers for Skoda cars will move from Mlada Boleslav to Milovice. New project...
read moreCitroen Crazy Week: Week of extra discounts in Czech Rep for models C3, C4 and Berlingo
May 19, 2010 | 11:12pm CEToriginalThe allowance when using financing is valid until May 26, dealers to be open on the weekend as well. Discounts within the Happy Days also continue...
read moreForschner to build new plant in Czech Rep
May 19, 2010 | 12:54am CEToriginalThis is both because of the cost reduction as well as the new contracts from manufacturers of passenger, commercial vehicles and buses. The location, customers...
read moreYazaki to close one of two Slovak plants
May 19, 2010 | 12:43am CEToriginalOver 1,200 people will lose their jobs in Prievidza. Conversely, the company is increasing production capacity at the plant in Michalovce and will recruit additional staff...
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