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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
Toyota to convoke cars for inspection due to pedals in the USA and Europe including Czech Rep
January 29, 2010 | 09:04pm CEToriginalIt is a gas pedal from a company CTS, the number of cars in Europe is not yet known. The situation made another CTS’ customer to respond, namely Ford Motor...
read moreUniCredit Leasing acquired next two brand financings in Czech Rep, one related to change of owner
January 29, 2010 | 02:32am CEToriginalThe company already has a total of 14 brands in its portfolio—11 passenger car brands and three commercial brands. UniCredit Leasing is negotiating on other brands...
read moreFiat to stop production in Italian plants for two weeks due to decline in orders
January 29, 2010 | 02:12am CEToriginalThe decision will affect 30,000 employees. Plants in Italy will be closed from...
read moreToyota to suspend sale and production of eight models in North America
January 29, 2010 | 01:33am CEToriginalModels with a possible defect in the gas pedal will be suspended. In early February, Toyota will suspend production of the recalled models in plants in...
read moreUniCredit Leasing recorded decline in contracts by about 20% in Czech Rep last year
January 29, 2010 | 01:11am CEToriginalPenetration of the company on the market with new vehicles declined only slightly though. Trends for 2009 and expected development in 2010...
read moreAutobond wants to become largest Opel and Chevrolet dealer in Czech Rep after Kia and Suzuki
January 28, 2010 | 01:34am CEToriginalThe company increased sales by 20.9% in 2009; six times for Chevrolet . Detailed sales results, revenues and outlook for 2010...
read moreRenault to introduce at least one new product in Czech Rep every month in H1
January 28, 2010 | 01:22am CEToriginalFluence, Megane RS, EDC transmission, new Master, Traffic facelift, Dacia Duster will be concerned. The carmaker will introduce Megane CC and a new small cabriolet in Geneva...
read moreRobert Bosch fell into loss with drop in sales by 16% last year firstly since 1945
January 28, 2010 | 01:09am CEToriginalSales of automobile technology division fell by 15%. The company responds by increased activity in acquisitions for which it intends to spend...
read moreCAP: Insurance companies increased premiums by 2.5% in 2009, by 0.6% in non-life insurance
January 28, 2010 | 12:55am CEToriginalThe overall stagnation within the non-life insurance also participates in car insurance. In 2009, premiums for accident insurance...
read moreToyota wants to increase sales by 6% this year, global market expected to grow by 3 to 4%
January 28, 2010 | 12:49am CEToriginalSales of the Japanese carmaker fell by 13% to 7.81 million cars last year. Toyota is likely to maintain a leading position in the market this year...
read moreFiat fell into loss last year along with decline of sales by 15.9%
January 28, 2010 | 12:35am CEToriginalRevenues of division of passenger cars and light utility vehicles went down by 2.4% to EUR 26.3 billion with stagnation of sales at the level of...
read moreInsurance companies: Number of attempted insurance frauds rose in 2009 again
January 28, 2010 | 12:21am CEToriginalThe area most affected by attempts at insurance frauds remains insurance of motor vehicles. Data provided by individual insurance companies...
read moreGeneral Motors has agreed to sell Swedish carmaker Saab to Spyker
January 27, 2010 | 02:56am CEToriginalHowever, GM will retain the stake in Saab, or more precisely, in the acquiring company Spyker Saab Automobiles. Details of the transaction...
read moreHyundai has new dealer in Liberec, to open 55th showroom in Czech Rep
January 27, 2010 | 02:46am CEToriginalCompany Stavotranz has been replaced in Liberec by a well-established dealer of several brands, which has built a separate Hyundai showroom. It is a company...
read moreChretien (Renault): Automobile market in Czech Rep to stagnate in 2010
January 27, 2010 | 02:39am CEToriginalRenault sales dropped with the market in 2009. Models Megane/Scenic has been successful, Laguna failed. Dealer network...
read moreAutobond still negotiating with carmakers three brands to be offered in new complex in Plzen
January 27, 2010 | 02:21am CEToriginalThe company has been offering Suzuki cars in Plzen since October 2009. With whom negotiations are ongoing, as well as the planned construction beginning and opening the complex...
read moreHighest Court ordered inquiries of Autoklub Czech Assistance (ACA) to change name
January 27, 2010 | 02:08am CEToriginalThe court thus complied with competitor Autoklub Bohemia Assistance (ABA). ACA considers the appeal but it has to change the name to...
read moreHyundai plan to increase sale by more than 30% in Czech Rep in 2010
January 27, 2010 | 01:52am CEToriginalNevertheless, sales have decreased by 1.4% in 2009. The ambitious goal should be promoted by new products ix35, Santa Fe facelift and...
read moreCommercial vehicles sales in Europe fell by 32.4% last year, in December by 10.6%
January 27, 2010 | 01:38am CEToriginalBaltic States recorded the worst decline, and France had the best sales. In the Czech Republic and Slovakia...
read moreAuto Jarov to supply limousines Audi A6 to new Prague-based taxi Tick Tack
January 27, 2010 | 01:27am CEToriginalIt will be a unified fleet of cars in white colour and with the same equipment. The volume of deliveries and taxi fares...
read moreToyota to possibly call cars for gas pedal inspection also in Europe
January 27, 2010 | 01:20am CEToriginalThe carmaker said it was being considered adding that no final decision had been made yet. In Europe, it might concern...
read moreSarkozy: Cars of domestic carmakers sold in France should be also produced there
January 27, 2010 | 01:10am CEToriginalOne third of the Renault’s production in France and two-thirds abroad, while at PSA it is vice versa. Renault should in Sarkozy's opinion reconsider the subcontractors’ selection as well...
read moreGeneral Motors to resume production of electric engines in 2013
January 27, 2010 | 12:53am CEToriginalThe carmaker is now using electric engines from external suppliers in its electric and hybrid cars. GM invests in the production of electric engines...
read moreGM has completed restructuring plan for Opel, now to be approved by unions
January 27, 2010 | 12:41am CEToriginalBelgian trade unionists, however, sued Opel because of the Antwerp-based plant closure, where small SUVs should have been produced...
read moreInvestment funds in USA sued Porsche SE because of investors’ deception in effort to take Volkswagen over
January 27, 2010 | 12:32am CEToriginalFunds accuse the former executives of Porsche Automobil Holding SE of manipulation of the securities market and are estimating damage to...
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