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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
Mann+Hummel: Plastic keeps breaking into automotive components’ production
February 12, 2010 | 12:19am CEToriginalIt is therefore replacing the metal, possibly both materials are being combined. Spectrum of the use of plastics, bioplastics and aluminium, projects with carmakers...
read moreSwell postponed plans to extent development centre in Horice
February 11, 2010 | 11:57pm CEToriginalThe company, which provides complete development and testing services for the automotive industry, has spare capacities at present...
read moreAvia obtained global approval for car sales in EU in advance
February 11, 2010 | 11:35pm CEToriginalCars and motorcycles are obliged to have the European approval already at present. The global homologation will be mandatory for trucks as of…
read moreSkoda Octavia: Production in Mlada Boleslav to fell in March but still going in three shifts
February 11, 2010 | 11:13pm CEToriginalThis decline in production will mean cutting about 300 jobs. In contrast, production of the Octavia in Vrchlabi will grow...
read moreLeasing of movable assets fell by 53.3% in Czech Rep in 2009, consumer loans by 24.5%
February 11, 2010 | 10:53pm CEToriginalShare of the growth in operating leases continued in total leasing of movables. The outlook for 2010...
read moreVolkswagen convening 200,000 Gol and Voyage cars in Brazil due to problems with rear wheels
February 11, 2010 | 10:40pm CEToriginalInsufficient lubrication of bearings at rear wheels can cause their jam, in extreme case, the wheel could loosen…
read moreFederal-Mogul launched HTA exhaust gaskets into aftermarket
February 11, 2010 | 10:29pm CEToriginalIt is a gasket capable of withstanding high exhaust gas temperatures up to 1,000 °C, which are mainly used by cars with new supercharged engines...
read moreAvia to offer trucks and buses with CNG drive in 2010
February 11, 2010 | 02:51am CEToriginalIt will be an aggregate of the parent carmaker Ashok Leyland. Avia has also prepared a new cab, which will be presented in...
read morePrices of cars sold on Czech market dropped by 4.7% m/m in January
February 11, 2010 | 02:38am CEToriginalUsed cars became cheaper more than the new ones. However, prices of spare parts and repair work went up. Specific information...
read moreMcKinsey & Company: Automotive supplier without strategy for emerging markets will have problems in few years
February 11, 2010 | 02:26am CEToriginalHowever, developed markets now require electric cars and other alternative drives. Car sales in Germany in 2010...
read moreDirect insurance company prepared web application to obtain clients of competition
February 11, 2010 | 01:56am CEToriginalThe new application generates or sends an e-mail notice in due course to people interested in coming to Direct...
read moreCzech plant of Witte Automotive expects fall in profits and revenues by 15% in 2009
February 11, 2010 | 01:45am CEToriginalThe company adopted a number of measures last year, including non-renewal of employment contracts of limited duration. The main customers remain...
read moreFiat to produce nine models in Russia, together with local partner Sollers
February 11, 2010 | 01:32am CEToriginalBoth companies intend to invest EUR 2.4 billion in a joint venture. The factory should have a capacity...
read moreBetter Place: At least 45,000 electric cars to be operated in Israel by 2015
February 11, 2010 | 01:18am CEToriginalRenault and Nissan will begin supply electric vehicles produced in Turkey on the Israeli market in 2011, with a monthly quota...
read moreCouncil for advertising: Advert of insurance company Slavia for damage liability with fine insurance Krystof is ethical
February 11, 2010 | 01:08am CEToriginalThe Council has been addressing only the first complaint on the advertisement since the launching of the insurance Krystof on the market in 2007, the complainant was...
read moreHonda calling further 437,763 cars down in USA and Japan due to defective airbags
February 11, 2010 | 12:53am CEToriginalIt is an extension of the action from 2009 and it relates to vehicles produced in the United States and Canada. In January, Honda has already convened...
read moreGhosn (Renault, Nissan): Electric cars to have share of 10% in total car sales in 2020
February 11, 2010 | 12:07am CEToriginalDemand for electric cars should be supported by the rapidly growing economies such as...
read moreSaab dealer network to be doubled in Czech Rep and Slovakia
February 10, 2010 | 07:55am CEToriginalNow signing of the contract for the sale of Saab to Spyker is being awaited. Polar Mobil should remain importer, brand financing...
read moreCEZ: Future of car drives being in electricity and hydrogen, we intend to participate in both
February 10, 2010 | 03:26am CEToriginalElectric drive for passenger cars, hydrogen one for trucks and buses. Upcoming projects, possibilities of hydrogen production, the planned investments...
read moreFleet managers of companies: Car ownership can be advantage for large fleets, accident insurance is not necessity
February 10, 2010 | 03:15am CEToriginalUnlike an operating lease, a company can quickly respond to changes in the number of employees, turnover, changes in management as well as their rotation...
read moreHigh demand for Smith Newton electric vehicles in U.S., Avia to deliver another 100 chassis for conversion
February 10, 2010 | 03:00am CEToriginalThis is the second contract to the U.S. after six vehicles in July 2009. The forthcoming sales in CEE, including the Czech Republic, price of the electric car...
read moreSrovnavac.cz: Insurance companies Axa, Wustenrot and Generali increase rate of compulsory liability
February 10, 2010 | 02:42am CEToriginalConversely, Ceska pojistovna is lowering the rates. Axa insurance company newly reflects client’s residence in addition to engine power...
read moreDalkia in Czech Rep decided for transfer to operational leasing, CSOB Leasing being provider
February 10, 2010 | 02:30am CEToriginalThere were 130 cars of the company Dalkia passing to the CSOB Leasing management, tens will follow this year and hundreds in five years. CSOB Leasing has also succeeded in other tenders...
read moreToyota convenes 437,000 hybrid cars because of brakes, including 52,903 in Europe
February 10, 2010 | 02:12am CEToriginalA control program of the ABS system in electronic control unit will be replaced within the service check. The action covers not only the model Prius. In the Czech Republic...
read moreD.A.S.: Uniqa’s car insurance package awoke interest, we expect over 1,000 contracts this year
February 10, 2010 | 01:55am CEToriginalThe insurance company D.A.S. providing legal protection has been operating in the Czech Republic for 15 years. The current number and structure of contracts, insurance stock and the 2009 results...
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