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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
Kia in February: Venga in new standard package Fresch from CZK 239,980
February 2, 2010 | 11:34pm CEToriginalCee'd Active may be newly acquired with a free air conditioning. When using a funding, customers can choose 0% payment increase or a bonus of CZK 20,000 to CZK 50,000 for Venga and Cee'd. Details of the version Fresch and promotions...
read moreSpyker Cars still looking for investor that would be involved in purchase of Saab
February 2, 2010 | 11:25pm CEToriginalSpyker intends to return Saab to profit in 2012. Sales of Saab fell by 65% last year. The searched investor should finance...
read moreCar sales in Germany down by 4% in January but up in France by 14%, even by 30% in Italy
February 2, 2010 | 11:12pm CEToriginalThose have been the lowest monthly sales in Germany since reunification in 1990. Development in the coming months in these countries...
read moreVolkswagen appointed new head of commercial vehicle division
February 2, 2010 | 10:45pm CEToriginalStephan Schaller was replaced Wolfgang Schreiber, who already works in the division. The reason of Schaller´s leaving is...
read moreToyota Motor plan to double production of HEV to 1 million by 2011
February 2, 2010 | 10:31pm CEToriginalThe carmaker will launch 10 new models of HEV and expand the number of facilities, where the models will be assembled. The current share of HEV on the total production...
read moreSkoda Auto convening to service shops almost all Yeti cars produced last year
February 2, 2010 | 03:23am CEToriginalThe reason is an adjustment of control unit software, which may incorrectly inform drivers about lights state or radio power...
read moreTesla Motors has sold 937 Roadsters in 18 countries until now
February 2, 2010 | 02:59am CEToriginalThe production has already exceeded 1,000 vehicles. The number of orders for the second model Model S...
read moreRCI Banque: Interest in branded financing of Renault, Dacia and Nissan being greater in Czech Rep than in world
February 2, 2010 | 02:38am CEToriginalThe interest in additional insurance products such as payment protection insurance and GAP insurance is also growing in the Czech Republic. Detailed penetration...
read moreToyota to launch corrections of accelerators in US this week, Europe and China to follow
February 2, 2010 | 02:25am CEToriginalThe mini cars of carmaker PSA from the joint venture TPCA will go to service, too. About 97,000 cars Peugeot 107 and Citroen C1 will be concerned, in the Czech Republic...
read moreWeekly visits of AAA Auto website up by 50% y/y in January
February 2, 2010 | 01:56am CEToriginalThe visit rate grew by 30% compared to Q4 2009. The used car dealer introduced a number of innovations on its website last year...
read moreProfit of Kia Motors up eightfold in Q4 2009
February 2, 2010 | 01:35am CEToriginalThe carmaker counts with a further increase in 2010. Kia expects its sales to grow by 26.5%, in China and the USA...
read moreSkoda Auto offered compensations of up to 27 wages for early retirement to employees
February 2, 2010 | 01:14am CEToriginalEmployees who have three or less years before retirement can use the offer. The compensation is in great demand, the offer has already been used by...
read moreElectric car manufacturer Tesla Motors has submitted application for entering stock market
February 2, 2010 | 12:48am CEToriginalTesla wants to use the growing interest of investors in green technologies by entering the exchange. From the Initial Public Offering (IPO), it aims to gain...
read moreBMW sales fell less than carmaker has expected in Czech Rep in 2009
February 1, 2010 | 03:17am CEToriginalThe demand has been supported by a new campaign called Joy is BMW. Detailed results of the brands BMW and Mini, and individual models...
read moreHonda to build its second factory in China
February 1, 2010 | 02:47am CEToriginalIt will be again a plant of the joint venture with Dongfeng Motor. The amount of investment, production capacity, start-up...
read moreNew 1.2 TSI engine (77 kW) from Mlada Boleslav fitted also to Skoda Octavia
February 1, 2010 | 02:30am CEToriginalAfter Yeti, this downsizing engine is therefore available already in the second model of Skoda. CO2 emissions, consumption, transmission, price...
read moreBMW posted decline in sales by 4.7% while reducing sales by 10.4% in 2009
February 1, 2010 | 02:11am CEToriginalThe carmaker should remain in profit for the year 2009. In 2010, BMW Group expects a slight increase in sales...
read moreCTS accelerator pedal has been fitted to all models produced in TPCA, PSA convening to garages as well
January 31, 2010 | 10:32pm CEToriginalRegarding Toyota Aygo, the action involves cars manufactured between 2005 and 2009, however, it is said that for Peugeot 107 and Citroen C1 it will be less than...
read moreLabour inspectorate began checking Hyundai’s Czech plant
January 31, 2010 | 09:52pm CEToriginalThe inspection includes working conditions and problematic overtime, among others. Time flow of the inspection...
read moreNissan to create 400 temporary jobs in UK due to strong demand for Qashqai
January 31, 2010 | 09:24pm CEToriginalProduction in Sunderland will therefore start a three-shift operation. Moreover, the government loan will help to modernize the Nissan plant for electric cars in Tennessee...
read moreFord Motor returned to profit last year at revenues decline by almost 20%
January 31, 2010 | 08:43pm CEToriginalThe carmaker is expecting profit also in 2010. This year’s total car sales in the USA should according to Ford increase by...
read moreHonda recalls 646,000 cars to service worldwide to check window driver
January 31, 2010 | 04:46pm CEToriginalThe reason is the possibility of fire. The cars concerned the Fit/Jazz and the City. The action does not reportedly apply to Czech market...
read moreToyota to call up to 1.8 million cars down for repair in Europe (incl. Czech Rep), in USA being investigated
January 31, 2010 | 04:22pm CEToriginalIn Europe, the measure concerns models Yaris, Corolla, Aygo, iQ, Auris, Verso, Avensis and RAV4 with an interval of production...
read morePorsche experienced drop in sales and revenues by 3% in first half
January 31, 2010 | 03:56pm CEToriginalThe carmaker sold 33,200 cars over six months. In the whole financial year 2009/2010 it expects sales...
read moreHyundai Motor doubled profit at revenues decline by 1% last year
January 31, 2010 | 03:23pm CEToriginalIn Q4, the net profit was four times higher y/y, this year it should be growing only slightly. In 2010, the carmaker expects a sales rise by...
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