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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
Sales of commercial vehicles in Europe decreased by 12.3% in January
February 28, 2010 | 10:59pm CEToriginalThe sale is therefore showing a fall for 21 months in a row already. The market of commercial vehicles is now showing signs of stabilization, but...
read moreCredium: Credit card for motorists acquired by 10,000 customers in two years’ time
February 28, 2010 | 10:31pm CEToriginalCredium is extending the benefits and loyalty card program, cooperating with companies EuroOil, Defend, ACA, Sixt, Czechocar, Molpir or GPD Service Team...
read moreCongress in Toyota case: National Highway Traffic Safety Administration reacted slowly, enrolling additional staff
February 28, 2010 | 09:56pm CEToriginalToyota Motor acknowledged that because of the hunt for a position of the biggest carmaker, it neglected other important things...
read moreChina did not allow Sichuan Tengzhong to buy carmaker Hummer, GM to terminate its activities
February 26, 2010 | 02:27am CEToriginalHowever, GM has promised continued warranty validity for the Hummer vehicles and the availability of spare parts...
read moreDomansky extended portfolio of offered brands, opening Volkswagen showroom in Zdiby
February 26, 2010 | 02:14am CEToriginalIt is a first subcontractor’s activity of the company. Volkswagen became the fourth brand in the portfolio, replacing...
read moreEC launched antitrust investigation of manufacturers of electronic components for cars
February 25, 2010 | 11:48pm CEToriginalThe EC has already carried out unannounced inspections in several companies. The investigation focuses on systems...
read moreJapanese carmakers Suzuki, Nissan and Daihatsu recall over 550,000 cars for possible defects
February 25, 2010 | 11:22pm CEToriginalThe control action primarily applies to the Japanese market. However, Nissan will convene 2,281 cars abroad due to possibly defective engines...
read moreFBI conducted raids in three Japanese automotive suppliers, Toyota having share in two of them
February 25, 2010 | 11:02pm CEToriginalThe reason is possible cartel behaviour; the investigation is being coordinated with the European regulatory authorities. It is a company Denso, Tokai Rika and Yazaki...
read moreFort (Hyundai): We aim to move one brand forward every year and to become leader among Czech importers in 2012
February 24, 2010 | 10:14pm CEToriginalIn 2010, Hyundai plans to increase sales by a third and market share by 2 percentage points. This year, the entire Czech market should fall by...
read moreUS franchise network of service shops Precision Tune Auto Care intends to enter Czech Rep
February 24, 2010 | 09:54pm CEToriginalIt will be the third country in Europe after Portugal and Spain. The company is now looking for a partner for licensing in the Czech Republic. Plans and conditions...
read moreSpyker Cars completed purchase of Saab from General Motors
February 24, 2010 | 09:39pm CEToriginalAt the same time Saab applied to end liquidation process. Saab and Spyker will operate under the parent company Spyker Cars NV. For shareholders in Spyker this means…
read moreInsurance companies attract motorists to various additional insurance free of charge
February 24, 2010 | 09:24pm CEToriginalFor example, additional insurance for conflict with game, ladies handbags, accident, windscreen, personal things, motorcycle or truck, natural disaster, or weather information...
read moreHyundai to recall 47,300 of Sonata new generation to repair
February 24, 2010 | 09:15pm CEToriginalThe model is still produced and sold only in Korea and the USA. The reason are problems with the door lock. In individual markets...
read moreCSOB Leasing concluded 600 contracts on short financial leasing for CZK 450 million so far
February 24, 2010 | 09:06pm CEToriginalThe company has reached this objective over seven months. However, the government exception is about to expire…
read moreData of Opel losses in Germany reportedly reduce state aid’s expectations
February 24, 2010 | 08:42pm CEToriginalGerman activities of Opel were loss-making in 2007 and 2008, and therefore, the company might not have to meet the criteria for state aid...
read moreHyundai in Europe: Four new models in 2010, even six in 2011
February 24, 2010 | 01:21am CEToriginalThis year, it will be after ix35 a Santa Fe facelift, a car of the B-MPV segment and Genesis Coupe. Next year, the new Elantra, Matrix and Sonata, which will get an estate version...
read moreSkoda Fabia and Roomster facelift: Production and sale from April, orders to begin in March
February 24, 2010 | 12:34am CEToriginalThe 1.2 TSI engine from Mlada Boleslav was added to the well-established petrol engines; regarding diesel engines, the pump-nozzle system has been replaced by common rail...
read moreSAP: Number of workers in Czech automotive industry down by 14,000 people in 2009
February 24, 2010 | 12:15am CEToriginalThe decline in the number of staff almost exclusively occurred in H1. However, the average wage rose by...
read moreU.S. prosecutor’s office launched criminal investigation of Toyota
February 23, 2010 | 11:44pm CEToriginalThe U.S Securities and Exchange Commission (SEC) is also investigating what information the company provided to investors...
read moreRenault Laguna: Discount of up to CZK 120,000 and extended warranty for 5 years witn funding
February 23, 2010 | 11:19pm CEToriginalDiscounts up to CZK 50,000, extended warranty free or financing with 0% interest can be still acquired for other Renault and Dacia models. Laguna is now starting at...
read moreLabor inspectorate revealed a number of serious shortcomings in Czech plant of Hyundai
February 23, 2010 | 11:04pm CEToriginalThe plant is facing administrative proceedings and a fine up to CZK 2 million for violation of the Labor Code. The irregularity refers to mandating overtime but also…
read moreNissan Finance: Micra and Note with discount of up to CZK 27,000 and financing with 0% interest
February 23, 2010 | 10:47pm CEToriginalLease or loan with 0% increase is also available for the 370Z sports model. This special offer has pushed the prices of models to...
read moreHyundai to start third model’s production in Nosovice few months earlier, in autumn 2010
February 23, 2010 | 04:10am CEToriginalHyundai Motor Manufacturing Czech has been stating 2011 so far. The date of production’s start as well as the name of the model...
read moreGenerali included coverage of animal crash risk to damage liability
February 23, 2010 | 03:57am CEToriginalThat kind of coverage has been the prerogative of accident insurance so far. The insurance company will offer the animal crash in a new variant Komplet...
read moreToyota to suspend car production in France and Britain
February 23, 2010 | 03:40am CEToriginalThe carmaker tries to limit the adverse effects of the decrease in sales which it expects in connection with extensive corrective actions. Dates of the downtime...
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