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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
GENEVA: Situation of Volvo is improving; Ford might keep Swedish carmaker
March 3, 2010 | 02:36am CEToriginalFord made a pre-agreement on a sale of the loss-making Swedish manufacturer of passenger cars to the Chinese company Geely...
read moreGENEVA: Kopecny (AutoBinck): Car sales in Czech Rep, Slovakia and Hungary to decrease in 2010
March 3, 2010 | 02:27am CEToriginalThe decline in 2009 was mitigated by the scrap premium in Slovakia, the Hungarian market dropped by 80%. Specific estimates for 2010...
read moreGENEVA: Skoda Fabia and Roomster facelift: Drop in prices, boot menu for 1.2 TSI, equipping packets for CZK 10,000
March 3, 2010 | 02:18am CEToriginalThe modernized Fabia then starts at CZK 199,900, the Roomster at CZK 269,900. TSI Start menu, financing, packets...
read moreBrose to close one of two Czech plants
March 3, 2010 | 02:02am CEToriginalAbout 300 workers of the Trutnov-based plant in will be given an offer to move to Koprivnice or Wurzburg, where the production is going to be moved...
read moreSales of new cars in Germany fell by 29.8% in February
March 3, 2010 | 01:31am CEToriginalThe result reflects the end of the state incentive program, as well as the winter weather. The decline has proved mainly in the segment of small and compact cars...
read moreGhosn (Renault): Global car sales to rise by 3% in 2010
March 3, 2010 | 01:21am CEToriginalAt the same time Ghosn confirmed an earlier estimate of declining European market in 2010 by 10%...
read moreWhen buying Hyundai ix35 with Uniqa insurance, customer receives voucher for accessories for CZK 3,500
March 3, 2010 | 01:15am CEToriginalSpecial offer can be used till April 30. The penetration of the insurance company Uniqa on sales of Hyundai cars in the Czech Republic...
read moreGM to provide EUR 1.9 billion for Opel restructuring
March 3, 2010 | 01:08am CEToriginalThat is three times more than the original promise. GM will ask European governments for less help for Opel...
read moreGeneral Motors to convene 1.3 million Chevrolet and Pontiac cars for repairs in North America
March 3, 2010 | 01:00am CEToriginalThe reason is a problem with the power steering, which is linked with 14 accidents and one injury. The models are...
read moreGENEVA: Skoda Fabia RS: Hatchback and wagon, 1.4 TSI engine (132 kW), lights with LEDs
March 2, 2010 | 01:46am CEToriginalThe sport chassis has been newly given the XDS electronic control system of differential unity. Sales will begin in...
read moreYang: Hyundai Kia Automotive Group plans to increase production capacity by 12% by 2012
March 2, 2010 | 01:38am CEToriginalCurrent and anticipated production capacity of the group in 2009 and the outlook for 2010 and 2011...
read moreTPCA produced over 37,000 cars in Kolin in January-February
March 2, 2010 | 01:30am CEToriginalIn five years of the serial production, it has been more than 1.4 million cars. The company an exhibition for the anniversary on the history, present and future of TPCA...
read moreBMW plans to expand production abroad, especially in Asia
March 2, 2010 | 01:13am CEToriginalIn the future, proportion of domestic plants to the total production of the carmaker is expected to fall from the current 70% to...
read moreToyota has further corrective action in USA, regarding oil hoses now
March 2, 2010 | 01:10am CEToriginalThe oil hose replacement covers 933,800 vehicles, a possible oil leakage could damage the engine...
read moreRenault doubled production capacity of Moscow-based factory
March 2, 2010 | 12:43am CEToriginalRenault hopes that it will succeed in boosting its sales in Russia by the aid of the scrap bonus. The plant will extend the production for other Dacia models...
read morePrecision Tune Auto Care plans to expand in CEE, Czech Rep to be pilot country in region
March 1, 2010 | 07:59am CEToriginalThe franchise network of service stations is also interested in Asia and Africa. Consulting company for entry into CEE has been conducting negotiations in other countries...
read moreEXPECTED DEVELOPMENT IN AUTOMOTIVE: Volkswagen to invest EUR 500 to 600 million in Slovakia between 2009 and 2011
March 1, 2010 | 07:47am CEToriginalOne half will go to the new model range. In 2012, the production capacity in Bratislava will rise from the current 1,200 cars/day to...
read moreHyundai expects annual growth of C-SUV segment by 10% in Europe
March 1, 2010 | 12:51am CEToriginalHyundai ix35 intends to benefit from it and follow up the success of Tucson. Sales plans in Europe and in the Czech Republic...
read moreEXPECTED DEVELOPMENT IN AUTOMOTIVE: TPCA expects production growth in 2010
March 1, 2010 | 12:34am CEToriginalThe company increased its production capacity, accelerated the tact time, and is also able to cover the increased demand from parent carmakers by extra shifts...
read moreLeasePlan considers to offer CarWatch application outside the circle of their clients too
March 1, 2010 | 12:12am CEToriginalThe electronic book can save up to 30% of the costs of company vehicles, according to the company. Features and options of the CarWatch...
read moreGeneral Motors trying to sell Hummer to earlier candidates
February 28, 2010 | 11:51pm CEToriginalGM reportedly addressed at least four companies from China. Two candidates wanted to buy only a part of Hummer last year, the other two the whole carmaker. Analysts point out...
read moreSAP: Trade unions demand increase in wages by 5% in 2010, companies considering maximum of 1.5%
February 28, 2010 | 11:46pm CEToriginalSalary growth reached only 0.7% in 2009. The current wage situation in the carmakers Skoda Auto, TPCA, Hyundai Motor Manufacturing Czech and Tatra...
read moreDealers in Czech Rep: Skoda Superb Combi is successful, interest to further grow
February 28, 2010 | 11:37pm CEToriginalDealers are not much aware of the facelifted models Fabia and Roomster, details are expected in mid-March...
read moreCSOB Pojistovna: Risk of traffic accident up the most in Usti Region in 2009
February 28, 2010 | 11:18pm CEToriginalOut of the high-risk districts, Prague-West and Brno bettered; low-risk districts were also better. Total Czech Republic average in 2009...
read moreConsumer Defence Association: Importers of used cars to Czech Rep reduce speedometer reading by half
February 28, 2010 | 11:11pm CEToriginalSOS compared the offer on the German advertising server Mobile.de to the offer on the Czech Sauto.cz. The result...
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