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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
2010 NAIAS: Detroit Motor Show to focus on electric, hybrid and small cars, 60 novelties to be presented
January 15, 2010 | 03:25am CEToriginalIt is being expected that by 2013 the proportion of smaller cars on the total US sales will rise from 32% (in 2009) to...
read moreRenault sales fell by 3.1% last year, its market share slightly increased
January 15, 2010 | 12:04am CEToriginalWhile the sales of Renault cars fell, sales of the Dacia brand rose. This year, the carmaker expects decline of the European car market by...
read moreVolkswagen sales in China increased by 37% in 2009, subsidiary Skoda Auto doubled
January 14, 2010 | 01:26am CEToriginalVolkswagen is expecting growth of the Chinese car market in 2010, namely by 10 to 15%. Last year's sales of other carmakers in China...
read moreToyota Motor considering further production moving to North America, Prius still taken in account for Mississippi
January 14, 2010 | 12:55am CEToriginalJapanese carmaker will launch 10 new and facelifted models on the US market this year. Within five years, also the electric cars and plug-in hybrids...
read moreSales of passenger cars and light commercial vehicles in USA dropped by 21% to 10.4 million last year
January 14, 2010 | 12:09am CEToriginalIt reached the lowest level in past 27 years. This year, the sale might according to Barclays Capital Research increase to...
read moreContinental plans to raise issue of new equity shares
January 13, 2010 | 10:46pm CEToriginalThe company wants to reduce the debt incurred by takeover of VDO division from Siemens in 2007. New shares in the value of...
read moreHyundai Kia Automotive Group intends to accelerate growth of vehicle sales to 17% this year
January 13, 2010 | 10:07pm CEToriginalLast year the group increased sales by 10% to 4.63 million Hyundai and Kia cars. Sales of carmakers Hyundai Motor and Kia Motors...
read moreCar sales in Spain down by 18% last year but up by 25% in December
January 13, 2010 | 09:38pm CEToriginalIn H1 2010, sales are expected to grow by about 25% as well but to fall after an increase in VAT in mid-year. Therefore, the whole year...
read morePekny (SDA, Kia): Czech car market to be better served by faster depreciation than scrap bonus
January 13, 2010 | 04:19am CEToriginalAccording to him, it would be good to extend the government action even after June 30 or reduce the deduction permanently. Faster recovery of company cars may generate high-quality used cars...
read moreVolkswagen increased sales by 1.1% in 2009, subsidiary of Skoda Auto by 1.4%
January 13, 2010 | 03:34am CEToriginalWhile sales of Volkswagen passenger cars and Skoda brand went up, Audi, Seat and Volkswagen commercial vehicles recorded a decline...
read moreJohnson Controls increases its presence in Slovakia
January 13, 2010 | 01:04am CEToriginalTo four plants od the Automotive division and a technological centre for CEE, there will be added a global financial headquarters, which will be moved to Bratislava from...
read moreHyundai Motor expansion to commercial vehicles segment: This year China, within three years USA, then Europe
January 13, 2010 | 12:49am CEToriginalHyundai is now going to set up a joint venture for heavy trucks production in China. Local partner, investment and production capacity...
read moreAAA Auto, Auto Esa: Demand for luxury used cars starting to revive
January 13, 2010 | 12:37am CEToriginalUsed car dealers expect growth in demand for used cars of domestic brand Skoda as well. In 2009, Auto Esa increased sales by...
read moreGeneral Motors considers re-opening of some shuttered factories
January 13, 2010 | 12:25am CEToriginalThe carmaker cannot produce some models fast enough, namely...
read moreCar of the Year 2010 in CZ: Skoda defended primacy of previous year, Yeti won title this year
January 12, 2010 | 11:57pm CEToriginalSkoda Yeti thus won such an award for a second time in the Czech Republic. In each category the following cars won...
read moreSDA: Price decline of new cars caused shift of interest in segment upwards
January 12, 2010 | 11:43pm CEToriginalHowever, the prices of new cars have not declined so significantly in 2009. For example, last year’s average price of Kia cars declined by...
read moreScotia Economics: Global car sale to significantly rise in 2010, in 2011 possibly exceeding current records
January 12, 2010 | 11:07pm CEToriginalDouble-digit growth might be apart from China, India and Brazil recorded on the US market as well, where it will be helped by...
read moreFiat to satisfy government, increasing annual production in Italy by 50% in three years
January 12, 2010 | 10:56pm CEToriginalHowever, the carmaker points out the lower productivity of the Italian factories compared with Poland and Brazil. Plant based in Sicily...
read moreScrap bonus in Russia to start on March 8, only in quarter of regions and for models assembled in Russia
January 12, 2010 | 10:46pm CEToriginalThe problem can occur with a low number of scrap yards and a charge for disposal. The government expects an increase in demand for...
read moreHyundai plan to strengthen its fleet sales in Europe, agreed to cooperate with ALD Automotive
January 11, 2010 | 11:58pm CEToriginalThe agreement includes a favourable price conditions for the sale of vehicles in 21 countries including the Czech Republic and Slovakia. Last year, the market share of Hyundai in Europe rose to...
read moreBenteler initiated production of aluminium bumpers in Czech Rep, taken over from Hydro
January 11, 2010 | 11:50pm CEToriginalThe company has employed 30 people in Ostrov, Tachov region. Manufacturer of cable harnesses Leoni has moved its production in Panattoni Park as well...
read morePrices of cars sold on Czech market dropped by 1.7% m/m in December
January 11, 2010 | 11:35pm CEToriginalNew cars cheapened more than the used ones. Prices of spare parts and service works stagnated. Specific information...
read moreAudi wants to invest EUR 7.3 billion by 2012, mostly in Germany
January 11, 2010 | 11:21pm CEToriginalThe investments will go into production capacities, products and technologies. By 2015 the carmaker plans to increase the number of its models from the current 34 to...
read moreSales of passenger cars and light commercial vehicles down by 6.7% in Slovakia in 2009
January 11, 2010 | 11:05pm CEToriginalSkoda remained the most popular brand, followed by Renault and Peugeot. In the segment of trucks and buses...
read moreSaab executives reportedly opted for liquidation of the company
January 11, 2010 | 10:49pm CEToriginalGeneral Motors has appointed a company to supervise on activities related to shutdown of Saab which will take several months. GM is still evaluating bids for Saab...
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