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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 wants to raise stake in Chrysler to 35% from 20% in two years
March 29, 2010 | 12:33am CEToriginalChrysler will start producing small efficient cars in 2010. Within five year, the Fiat 500 will be followed by...
read moreVolkswagen Slovakia to start producing in three shifts on Monday
March 28, 2010 | 11:58pm CEToriginalThere is currently the manufacture of Volkswagen Touareg and Porsche Cayenne second generation under way. The third shift will be provided by staff...
read moreGeely signed contract for purchase of Volvo Car with Ford Motor
March 28, 2010 | 11:42pm CEToriginalGeely have allegedly secured funding for the acquisition and operation; the brand will continue to operate separately. The planned Volvo factory in China...
read moreMitsubishi wants to make 9,000 i-MiEV electric cars this year and further increase production
March 28, 2010 | 11:35pm CEToriginalEstimated production in 2011 and 2012, present sales, market entry in the U.S., the expected decrease in prices of the electric car...
read morePrague used car dealer Auto Esa recorded higher interest from customers even in other regions
March 28, 2010 | 11:29pm CEToriginalThe demand from Western and Eastern Bohemia has risen most noticeably in January and February. It is caused by a shift of car business to the Internet and...
read moreTatra to move to full production from April again, to engage most of formerly redundant employees
March 28, 2010 | 11:15pm CEToriginalShareholders of the company decided to pledge company to credit banks, which demanded greater guarantees...
read moreVolkswagen so far managed to provide finance for new acquisitions to become world's largest carmaker
March 28, 2010 | 10:57pm CEToriginalThe current cash of the company, the value of planned acquisitions, raising capital by issue of new shares...
read moreToyota Motor plans production shutdown in Europe in April, May and June
March 28, 2010 | 10:48pm CEToriginalThe carmaker has been forced to do so due to weak demand caused by the scandal with car problems. The shutdowns are related to plants in France and Britain...
read moreSaab has resumed production in Sweden after seven weeks
March 28, 2010 | 10:38pm CEToriginalAt the same time, the carmaker started producing all-new 9-5 Sedan. Other models produced in Sweden and Mexico...
read moreTPCA not yet agreed with trade unions on new collective agreement
March 26, 2010 | 02:35am CEToriginalThe existing one expires at the end of March. Details of the negotiations and the expected number of employees and their wages in 2010...
read moreSkoda Auto still proposes wage growth in two phases
March 26, 2010 | 02:23am CEToriginalUnions want a one-time increase, a higher bid or the inflation clause. The carmaker argues due to low profit in 2009 and the need for new investments...
read moreFinancial Times, Nikkei: Daimler is close to agreement on partnership with Renault, but also with Nissan
March 26, 2010 | 01:49am CEToriginalThis will include the exchange of minority shares. Scope of cooperation, the amount of shares, the expected publication of cooperation...
read moreTriglav to offer its clients accident insurance for CZK 490/year from April
March 26, 2010 | 01:29am CEToriginalThe offer applies not only to clients having car insurance. The accident insurance covers only permanent implications. Validity of the action...
read moreHonda holds spring service action with series of discounts on parts, accessories and services in Czech Rep
March 25, 2010 | 11:20pm CEToriginalThe inspection after the winter costs CZK 99. Honda Assistance helpdesk is now for a special price CZK 99 for four months (summer)...
read moreNikkei: Toyota Motor wants to reduce production costs by EUR 800 million by 2012
March 25, 2010 | 10:51pm CEToriginalThe carmaker wants to achieve the aim by strengthening the use of the same components in various models. The carmaker plans reorganization of production in Japan...
read moreAAA Auto: People drive to car centres to sell their car less, they use mobile buyout more
March 25, 2010 | 10:38pm CEToriginalIn the Czech Republic the company bought out 4,802 right at customers’ homes last years, over 3,000 cars in the surroundings of Prague. The average price of a purchased car…
read moreBMW shifts to high-strength materials that are not welded but riveted and glued
March 25, 2010 | 01:44am CEToriginalNew demands on equipment of repairers, start of production of BMW 5 Series Touring, investment of the dealer Renocar in Brno into a new plumber shop, Audi’s shift to aluminium...
read moreFiat to possibly dismiss 5,000 people in Italian plants, to reduce number of models from 12 to 8 and increase production in Italy by 50%
March 25, 2010 | 12:58am CEToriginalThe situation in individual plants Termini Imerese in Sicily, Cassino, Mirafori in Turin and Pomigliano; department of the automobile division...
read morePeugeot: By getting through spring service inspection customer receives year-round 20% discount on regular car maintenance
March 25, 2010 | 12:37am CEToriginalAdditional discounts on original equipment, change of oil, tires, price of the inspection...
read moreTPCA increased revenues by 5.8% along with output growth by 2.5% in 2009, profits stagnated
March 24, 2010 | 11:50pm CEToriginalLast year, wages rose slightly as well as the number of employees. Scrap bonuses shuffled the order of the largest export markets. Development in 2010...
read moreSAIC to manufacture Roewe 350 cars in Britain
March 24, 2010 | 11:39pm CEToriginalThe production will take place in a factory of the bankrupt company MG Rover in Longbridge. In Europe, the model will be offered through...
read moreSpyker: Saab negotiating technology sharing with potential partners
March 24, 2010 | 11:29pm CEToriginalSaab will have to sell more than 100,000 cars a year to achieve a balanced economy. It intends to return to profit in 2012 and at that time to produce...
read moreHalfords leaving Czech Rep and Poland after three years, focusing on domestic market
March 23, 2010 | 10:32pm CEToriginalThe reason is unprofitability in Central Europe. Anyway, Halfords has opened its second establishment in Plzen still in December 2009...
read moreAuto-Exner became exclusive partner of Bugatti for Central and Eastern Europe
March 23, 2010 | 10:25pm CEToriginalThe company is now taking care of five Bugatti cars’ owners from the Czech Republic, Slovakia and Poland. The demonstration drive and sale will be arranged directly with the carmaker...
read moreUSA sued Daimler on suspicion of long-term bribery affair
March 23, 2010 | 10:19pm CEToriginalDaimler is said to pay about USD 185 million as compensation. The German carmaker allegedly paid bribes to bid for contracts in Europe...
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