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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
Skoda Auto to supply 2,000 Octavia cars to Iraq for local taxi services
February 23, 2010 | 03:22am CEToriginalSkoda may import cars into the country duty-free thanks to the support of the Iraq regional government in Kurdistan. The contract’s value...
read moreInsurance company Direct started providing handbag insurance to car insurance for free
February 23, 2010 | 03:08am CEToriginalThe handbag’s insurance applies to situations that happen to women in the car. Limit of indemnity, participation, territorial force...
read moreHyundai ix35: Carmaker’s first model with 3x5 guarantee program in Europe
February 23, 2010 | 02:51am CEToriginalThe car comes into the Czech market with two engines; three more will be added in the autumn with start-stop system. Prices, gearboxes, 5 Years Triple Care program...
read moreToyota reportedly scamped solution to problems with safety of their cars
February 23, 2010 | 02:38am CEToriginalBy a cheap solution to security issues the carmaker saved more than USD 100 million. The first complaints of drivers had already appeared in 2003...
read moreNon-payers of damage liability paid CZK 66.5 million to CKP in 2009
February 23, 2010 | 02:29am CEToriginalNearly 133,000 people were summoned to pay the allowance. The number of uninsured cars on Czech roads fell in 2009...
read moreMVC Automotive Group expands in Europe, to build multi-brand sales and service complex in Czech Rep
February 22, 2010 | 04:16am CEToriginalConstruction of the car centre will begin in 2010, opening is planned for 2011. The site, offered car brands, sales plans...
read moreSkoda Auto expects car production decrease in Mlada Boleslav in 2010, but growth in Kvasiny
February 22, 2010 | 03:54am CEToriginalCurrent and planned production of individual models; Fabia Scout hatchback, Fabia RS, Roomster facelift, Octavia Tour...
read moreHouse of England plans to extend portfolio of British brands offered
February 22, 2010 | 03:31am CEToriginalNow the company offers eight brands and is negotiating on two others. At the same time, the company seeks to obtain authorized service of two brands...
read moreGroup of several Czech dealers and importers PMG Finance broke up
February 22, 2010 | 03:06am CEToriginalThe fate of individual companies and their activities - AuTec Group, A.M.T. Moravia, A.M.T. Group, A.M.T. mobil, DyCom Group, A.M.T. Defense/AmTec Defense...
read moreForthcoming inexpensive Skoda sedan should be produced in Vrchlabi
February 22, 2010 | 02:34am CEToriginalThe car with the working title A Entry should reportedly be a concern model. Start of production and requirements for suppliers...
read moreToyota introduced system for car and service communication as well as for entertainment
February 22, 2010 | 01:59am CEToriginalThe company has presented the communication system in its hybrid Prius, it makes use of a fourth generation mobile network LTE. All the skills and functions, the project partners...
read moreEU has not agreed on electric cars’ support
February 22, 2010 | 01:24am CEToriginalMany countries including the Czech Republic are against a single technology support. Environmentalists agree to support the construction of smart electric power networks...
read moreManpower became exclusive staffing agency of carmaker Skoda Auto
February 22, 2010 | 01:07am CEToriginalIt will take over agency staff gradually and will open a recruitment office in Mlada Boleslav. The agency wants to address Czech workers in the first place...
read moreHouse of England took over activities of A.M.T. Moravia in Brno and expanded range of brands
February 19, 2010 | 02:32am CEToriginalThe company will specialize in British brands. The current offer of eight brands and premium services free of charge...
read moreKia to support company sales by Kia Fleet network with extra services in Czech Rep
February 19, 2010 | 02:24am CEToriginalScope of provided services, 20 dealers participating in the project, an advantage for public service, businessmen and others...
read moreOpel to restore three-shift operation in Polish factory this year and enrol up to 700 people
February 19, 2010 | 02:04am CEToriginalThe factory in Gliwice has been producing in two-shift mode for the whole 2009. Last year's production of the plant...
read moreIFA: German carmakers to produce more cars abroad than at home this year
February 19, 2010 | 12:57am CEToriginalAccording to IFA, the global car market will rise by 3% this year. The automotive sector in Germany should benefit from an increasing demand for luxury cars...
read moreCzech Rep’s proposal: Compliance term extension for light commercial vehicles’ emission limits by a year
February 19, 2010 | 12:46am CEToriginalAt present, the newly produced N1 vehicles to 2.6 tons should meet the CO2 limit of 175 g/km as of 2016. Regarding trucks...
read moreToyota explores potential problems with best-selling model Corolla
February 18, 2010 | 03:19am CEToriginalThe carmaker has received nearly 100 complaints of the steering booster. Hearings in the U.S. Congress will be attended...
read moreAuto Esa launched website focusing on Skoda cars
February 18, 2010 | 03:09am CEToriginalThe company launched a project targeting the brand with the greatest interest of Czech drivers. Current visit rate of the website Skodovky.cz and daily specials...
read moreItaly ready to invest EUR 450 million in Fiat factory in Sicily
February 18, 2010 | 01:24am CEToriginalIt is therefore aiming to prevent its closure. According to the Italian Government, there are 14 proposals for the plant’s transformation, and also projects outside the automotive industry...
read moreToyota to suspend production at two US plants in coming weeks
February 18, 2010 | 01:04am CEToriginalIt is therefore responding to the sales decline in the USA. Factories in San Antonio and Georgetown are planning shutdowns in...
read moreEXPECTED DEVELOPMENT IN AUTOMOTIVE: Plastika negotiates investor's entry into company
February 17, 2010 | 04:17am CEToriginalGenerally, Tier 2 suppliers’ consolidation is underway at the moment, Tier 1 suppliers consider whom to retain. Plastika returned to profit in 2009...
read moreConstantly growing Ford sales in Czech Rep attract new dealers and existing vendors to expand
February 17, 2010 | 04:06am CEToriginalCars Morava and Louwman became new dealers in 2009, Auto Activity extended its scope of activities. The network of Ford Charouz keeps expanding as well...
read moreGreen future of Jaguar Land Rover: Start-stop for automatic transmission, Range Rover LRX hybrid, Jaguar XJ EREV
February 17, 2010 | 03:50am CEToriginalThe Range Rover LRX will get a diesel-electric hybrid drive. Details of technology and other projects...
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