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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
Der Spiegel: Volkswagen does not like that Jung made Skoda too good brand
March 16, 2010 | 01:29am CEToriginalSkoda cars reportedly compete with the VW brand; the same quality at lower price. Moreover, production in the Czech Republic is not so convenient any longer...
read moreWustenrot pojistovna increased premiums by 27.4% in 2009
March 16, 2010 | 01:15am CEToriginalThe insurance company, specializing in non-life insurance, increased the number of concluded contracts by 12.5% last year. The number of active contracts at the end of the year...
read morePorsche to hold spring maintenance check-up in Czech Rep by end of April
March 16, 2010 | 01:06am CEToriginalAt the same time, a Porsche owner can have air conditioning cleaned and filter replaced for a special price…
read moreNumber of car thefts in Slovakia fell by 7.8% in 2009, by 22.5% in Czech Rep
March 16, 2010 | 12:59am CEToriginalThe rate of clarified cases rose to more than 25% in Slovakia and reached 16% in the Czech Republic. Interest of thieves in particular brands...
read moreConsumers Defence Association: Consumer credit act has several shortcomings
March 16, 2010 | 12:46am CEToriginalThose are, for example, in the so-called arbitration clauses, according to SOS. The law apparently does not solve or protect the client from excessive indebtedness...
read moreBritain to provide loan guarantees for local division of General Motors
March 16, 2010 | 12:38am CEToriginalThe government will provide guarantees of EUR 290 million for Vauxhall, a British brand of the German carmaker Opel...
read moreVolume of loans provided by Cetelem fell by 28.7% in Czech Rep in 2009
March 16, 2010 | 12:23am CEToriginalHowever, the decline of financing of passenger cars and commercial vehicles was more dramatic—by 62.1%. Over 12% of clients borrowed to buy a car...
read moreTwo importers finalizing preparations for Isuzu pick-ups and medium-sized trucks entrance to Czech Rep
March 15, 2010 | 03:19am CEToriginalAt the same time, sales of pick-ups will also start in Slovakia, trucks will follow later. Prices, specifications, dealer network, brand finance...
read moreIndian electric car manufacturer Reva aims to build plant in Europe, Slovakia being considered
March 15, 2010 | 03:03am CEToriginalA capacity of the currently built plant in India, two models NXR and NXG, rental of the lead acid or Li-ion batteries, prices and dealer network in Europe...
read moreMatula (UniCredit Leasing): February and March show slight recovery in car segment
March 15, 2010 | 02:50am CEToriginalThe company expects growth in operating leases this year and wants to offer it to private individuals. It will deepen cooperation with the bank...
read moreSkoda Auto's operating profit fell by 64.1% in 2009, at revenues decline by 7.1%
March 15, 2010 | 02:34am CEToriginalThe carmaker’s sales fell by 11.9%, production by 1.2%. However, deliveries to customers rose by 1.4%, being caused by the Chinese market. Production of individual models...
read moreLouwman started Ford cars’ sale in Czech Rep, reopening this brand’s showroom in Pribram
March 15, 2010 | 02:13am CEToriginalIt is the first activity of the company Louwman regarding the Ford brand in Europe. The navigation to selected models for free, spring service action...
read moreOpel used non-standard marketing tool - web attacked by hacker in Czech Rep
March 15, 2010 | 01:58am CEToriginalIn this way, the company launched the action model Corsa 111 onto the market. The campaign increased traffic of the website Opel.cz instantly by...
read moreCSOB Pojistovna: Number of claims in non-life insurance increased by 5% in 2009
March 15, 2010 | 01:42am CEToriginalThe largest part has been created by damages from the motor insurance, namely 55%. The course of the number of claims corresponds with the statistics of insurance frauds...
read moreVolkswagen’s net profit down by 80.6% in 2009, at revenues decline by 7.6%
March 15, 2010 | 01:20am CEToriginalIn 2010, the carmaker expects a growth of sales, revenues and operating profit. The global market will grow slightly this year, to the level before the crisis it is going to get in…
read mores Autoleasing started to offer financial leasing with residual value
March 15, 2010 | 01:00am CEToriginalThe company is therefore responding to the decline in interest in finance leases. Advantages of the residual value and possibilities of product parameters’ choosing…
read moreFiat offers selected models with free air conditioning in Czech Rep, scrap bonus extended to end of March
March 15, 2010 | 12:47am CEToriginalThe scrap bonus of CZK 12,000 to CZK 50,000 can be applied to seven models. Panda, Punto, Linea and Bravo with an air conditioning included are available from…
read moreNumber of road accidents reported to Generali grew more slowly than amount of their losses in 2009
March 15, 2010 | 12:35am CEToriginalInsured losses of vehicles with a damage to and over CZK 100,000, the proportion of damage liability and accident insurance, results in different regions...
read moreSkoda Auto plans three extra Saturday shifts in production of models Superb, Yeti and Roomster in Q2
March 11, 2010 | 10:58pm CEToriginalThese are models produced at the Kvasiny plant. The Fabia model remains unchanged. Most contracts are now for the Superb Combi...
read moreAuto - Promato opened new showroom in Ceske Budejovice
March 11, 2010 | 10:25pm CEToriginalThe company moved the sale there from a different place in the city. The company offers new and used cars in particular of the brands Audi, BMW, Mercedes-Benz and Volkswagen…
read moreCredium concluded 11,779 new contracts in 2009, branded financing constituted 20% of contracts
March 11, 2010 | 10:00pm CEToriginalThe company, focusing on financing of vehicles, increased penetration of the Fiat Group brands. The structure of segments, financial products, customers, car brands...
read moreVolkswagen employees joined strike alert in Slovakia
March 11, 2010 | 09:47pm CEToriginalThey are reportedly asking for an increase of wages of 3.6%. By the strike alert, the unions also want to appeal on other employees in all regions...
read moreProduction of passenger cars fell by 13% in Europe in 2009
March 11, 2010 | 09:12pm CEToriginalIt has therefore reached the lowest level in 14 years, amounting to 13.4 million cars. Production of trucks, manufacture in Germany, outlook for 2010...
read moreUniCredit Leasing concluded 16,300 contracts on financing of vehicles under 3.5 tonnes in Czech Rep in 2009
March 11, 2010 | 08:44pm CEToriginalThe share of contracts resulting from branded funding exceeded 60%; six cooperation agreements were added. Loan financing strengthened further on...
read moreHavex continues to expand in Czech Rep, took over another dealer
March 11, 2010 | 02:46am CEToriginalHavex has had seven Skoda showrooms in eastern Bohemia so far and has now acquired stake in a car dealer of other brands and outside the region…
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