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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
CAP: Premium billing in car insurance decreased for the first time after 8 years
April 28, 2010 | 12:10am CEToriginalAnyway, the number of contracts in this insurance has increased by 1%. The reason is the price fight on the market, but also the stagnation in sales of more expensive cars...
read morePorsche recalling Panamera cars for inspection due to safety belts produced in Czech Rep
April 27, 2010 | 11:55pm CEToriginalIn certain cases it could lead to reduced functionality of the belt tensioners, the carmaker is going to solve it by replacing the part. The event covers 11,324 cars, of which in the Czech Republic…
read moreSales of commercial vehicles in Europe up for the first time over almost two years
April 27, 2010 | 11:47pm CEToriginalIn March, sales of commercial vehicles grew by 8.8%, but fell by 1.3% in Q1. Compared to pre-crisis level of March 2008, sales were lower by...
read moreStaff approved plan for closing Belgian Opel factory in Antwerp
April 27, 2010 | 11:39pm CEToriginalMore than 75% of workers have given approval for the agreement, which opened the way for finding an investor for the plant...
read moreNew market in USA to markedly increase sales of electric trucks Smith Newton in 2010
April 27, 2010 | 02:15am CEToriginalThey are built on the chassis of the Czech truck manufacturer Avia. Sales in previous years and expectations for 2010...
read moreHyundai offers free service inspection for cars older than 3 years in Czech Rep till end of 2010
April 27, 2010 | 01:59am CEToriginalThe inspection includes 12 checkpoints. Moreover, if the customer undergoes a demonstration drive with a new car, he will get a gift...
read moreIsuzu D-Max in Czech Rep: 2WD from CZK 430,000 excl. VAT, 4WD from CZK 515,000 excl. VAT
April 27, 2010 | 12:59am CEToriginalThree cabins, two diesel engines, manual or automatic transmission, two equipping packets, 3 years/100.000 km warranty, a wide range of bodies from companies...
read moreAutotec & Autosalon Brno 2010: Passenger cars and commercial vehicles, components, service equipment
April 27, 2010 | 12:34am CEToriginalAbout 250 companies will exhibit in an area over 40,000 m2. Exhibition of historic cars, conferences, entry in the afternoon and for owners of Skoda cars free...
read moreVolkswagen to increase investments in China by EUR 1.6 billion, to build two new plants there
April 26, 2010 | 11:58pm CEToriginalBetween 2010 and 2012, Volkswagen will thus invest a total of...
read moreSberbank agreed with GM on damages for non-implementation of Opel sale
April 26, 2010 | 11:49pm CEToriginalBoth companies, however, have not published details of the agreement, including the amount of money...
read moreSmith Electric aims to provide Avia and Ford electric vehicles in continental Europe
April 26, 2010 | 02:00am CEToriginalSmith and Avia have already started discussions on promoting the sale of electric cars with the governments of four European countries including the Czech Republic...
read moreIsuzu Trucks to set out for non-exclusive financing in Czech Rep
April 26, 2010 | 01:25am CEToriginalThe importer has been already agreed with two companies regarding the financing of Isuzu trucks, and there are talks under way with the third one. However, it is not against other partners...
read moreChevrolet in Europe from 2010 to 2012: Spark, Orlando, Cruze hatchback, Camaro, Aveo, Volt
April 26, 2010 | 01:10am CEToriginalAt present, a new Spark has come to the Czech market, marked by number 5. The production of seven-seated MPV based on the concept of Orlando begins in...
read moreOne of Brazil regions suspended sales of Toyota Corolla
April 25, 2010 | 11:57pm CEToriginalThe reason is a security risk associated with the unintended acceleration of these cars. The number of cases reported by the consumer...
read moreHyundai began to offer alternative spare parts for older cars under Unifit brand
April 25, 2010 | 11:45pm CEToriginalThese parts are comparable with their quality to the original but at a lower price. They are designed for cars out of the warranty period. The offer of parts...
read moreMoody's downgraded Toyota Motor’s credit rating from Aa1 to Aa2
April 25, 2010 | 11:38pm CEToriginalProblems with quality, according to the rating agency, affected the level of profitability and reduced the company's ability to maintain its position as a price maker...
read moreIsuzu Motors entered Czech Rep with trucks
April 23, 2010 | 12:53am CEToriginalIsuzu N-series, three weight versions, four wheelbases, engines, gearboxes, equipment, prices, warranty, sales and service network, extensions, target clientele...
read moreCetelem Barometer 2010: Used-car market in Europe expects rapid growth in coming years
April 23, 2010 | 12:34am CEToriginalDemand for used cars in 2010, share of loyal customers used-car shops, detailed results for the Czech Republic, Slovakia, Hungary, Poland and Germany...
read moreAvia prepares to enter South America, starting to test trucks in Argentina
April 23, 2010 | 12:25am CEToriginalThe aim is to gain approval, to convince the local partner to cooperate, to establish itself with diesel cars and later also with the CNG ones. The considered assembly...
read moreSkoda Auto to cease Octavia Tour production in Vrchlabi by end of 2010
April 22, 2010 | 11:56pm CEToriginalProduction of the Roomster will probably move from Kvasiny to Vrchlabi. The current daily production in Vrchlabi, production place of "Skoda Popular"...
read moreCar thefts in Germany clearly increased after Schengen enlargement
April 22, 2010 | 11:47pm CEToriginalThis concerns mainly the provinces near the border with the Czech Republic and Poland. Detailed statistics and the most stolen car brands...
read moreCetelem Barometer 2010: More European households want to buy new car in 2010
April 22, 2010 | 11:39pm CEToriginalMarket of car sales to consumers in 2009, willingness to shop on the Internet, detailed results for the Czech Republic, Slovakia, Hungary, Poland and Germany...
read moreDirect Pojistovna started selling insurance through partners in Czech Rep
April 22, 2010 | 12:55am CEToriginalIt has been focusing on direct sale so far. Initially, it focused on used car dealers, but it aims to reach out to dealers and leasing companies as well. The initial partners are...
read moreAvia plans to assemble its trucks either at parent carmaker Ashok Leyland or external partner in Russia
April 22, 2010 | 12:49am CEToriginalHowever, it is not planning any joint venture. In 2010, it aims to sell at least 100 vehicles on the Russian market, and as for the future hundreds per year...
read moreFindings of Consumer Reports prompted Toyota to recall Lexus GX 460 and Toyota Land Cruiser 150
April 22, 2010 | 12:36am CEToriginalThe carmaker will carry out reprogramming of ESP software. In Europe, the action covers 7,500 Toyota Land Cruiser 150 cars, in the Czech Republic and Slovakia...
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