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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
BMW took after passenger cars also motorcycle importer license in Czech Rep
January 6, 2010 | 12:34am CEToriginalIt happened three years after the carmaker took the import of BMW passenger cars from AuTec Group. Diplomat sales...
read moreInsurance company Triglav currently not intending to raise premium rates, improving helpdesk
January 6, 2010 | 12:07am CEToriginalRates may increase in spring at the earliest. The insurance company has taken on second helpdesk, whose share is growing...
read moreHonda dealer network in Czech Rep not struck by recession, some dealers implement investments even
January 5, 2010 | 11:40pm CEToriginalOne dealer in Bohemia and one in Moravia are rebuilding present showrooms; in Moravia one current dealer will build…
read moreFinancing of cars Renault, Dacia and Nissan in Czech Rep newly covered by RCI Financial Services
January 5, 2010 | 07:18pm CEToriginalIt is the existing joint venture of UniCredit Leasing and RCI Banque, which has changed its name and taken on the Nissan brand...
read moreTop-Pojisteni.cz: Already more than 20% of Czech motorists get car insurance online
January 5, 2010 | 06:37pm CEToriginalThe biggest players on the market do not lead in selling the car insurance online though. Customers do not always choose the cheapest insurance company, according to a survey…
read moreChinese car market to grow this year despite tax increase
January 5, 2010 | 05:49pm CEToriginalThe pace of the growth is expected to slow down to approximately 15% from 50% expected in 2009. On the other hand, the Chinese government has increased the scrap bonus…
read moreVapour tanks exploded in Czech plant of Avon Automotive, two people dead
January 4, 2010 | 10:27pm CEToriginalThe company will still be operating partially but there is a lack of vapour for some production technologies, for heating as well...
read moreTPCA President Yasuhiro Takahashi and Toyota's JV project manager Satoshi Tachihara exchanged positions
January 4, 2010 | 09:12pm CEToriginalTakahashi has worked in TPCA for 3.5 years. Tachihara had already the Czech plant in charge within his former activities...
read moreGeneral Motors to invest USD 336 million in factory for plug-in hybrids Chevrolet Volt
January 4, 2010 | 08:30pm CEToriginalThe carmaker plans to produce from 8,000 to 10,000 Volt cars in 2011. In some time, the production should increase to...
read moreOpel did not include VAT rise into car prices, discounting most of its models
January 4, 2010 | 06:31pm CEToriginalPrice decreasing of models Astra Classic III, Zafira, Corsa, Combo, and Insignia follows the recent cheapening of Meriva model. Six-year warranty continues...
read moreChina to increase tax on small car purchase to 7.5%
January 4, 2010 | 06:09pm CEToriginalThe measure comes a year after the tax had been reduced from 10% to 5%. The tax concerns vehicles with engine volume to...
read moreMAN to pay EUR 150.6 million fine to end corruption investigations
January 4, 2010 | 05:27pm CEToriginalThe company reportedly bribed to obtain contracts. As a result of the corruption scandal, chief representatives resigned from their posts in November, namely...
read moreAuto Diskont offers free navigation with each car above CZK 20,000
January 4, 2010 | 04:38pm CEToriginalWith a car that costs more than CZK 100,000, customers can then choose free winter tires instead of the navigation. The best-selling cars of the year 2009…
read moreSales of German brands Audi, BMW and Mercedes-Benz up in November again
January 4, 2010 | 03:57pm CEToriginalBMW’s worldwide sales went up by 11.5%, sales of Mercedes by 16% and sales of Audi by 8.9%. However, the reason of the growth is mainly Chinese market…
read moreHyundai stopped selling cars in Japan after eight years
January 4, 2010 | 02:24pm CEToriginalIt will be selling there commercial vehicles only in future. Since 2001, number of Hyundai cars sold in Japan reached...
read moreNew car sales in Britain up by 58% in November
January 4, 2010 | 01:27pm CEToriginalIt is therefore the fifth consecutive increase in a row. The result has been influenced by scrap bonus program but also by the effort of customers to avoid January VAT rise...
read moreRenault to launch low-cost off-road model Dacia Duster on European market in spring
January 4, 2010 | 12:27pm CEToriginalThe car will be initially produced in Romania, but later its production will be also launched in...
read morePSA and Mitsubishi aim to deepen cooperation
December 30, 2009 | 11:26pm CEToriginalStrategic partnership similar to Renault-Nissan alliance is in the game, but also a capital linkage of both companies. PSA might take a stake in Mitsubishi amounting up to...
read moreSkoda Electric to supply Sofia with 30 trolleybuses for CZK 370 million
December 30, 2009 | 09:19pm CEToriginalAlthough trolleybus sale of the Pilsner-based company is going to fall this year, revenues will rise due to the production of traction engines. Specific vision of 2009...
read moreVolkswagen Service Quality Award 2009: Autocentrum Elan has best Volkswagen car service in Czech Rep
December 29, 2009 | 09:54pm CEToriginalIt is the only Czech Volkswagen dealer, who fought its way into 100 winners in Europe, Russia and Turkey...
read moreMichelin aiming to increase tire production in Brazil, Russia, India and China
December 29, 2009 | 07:43pm CEToriginalProduction capacities of passenger tires will be doubled in these countries, truck tires...
read moreVolkswagen plans to invest EUR 19.9 billion between 2010 and 2012
December 29, 2009 | 07:00pm CEToriginalSimultaneously, the carmaker bought a factory of the German company Karmann in Osnabruck, and plans to start production of a new model there in...
read moreCar production decline in Britain slowed to 6.7% in October
December 29, 2009 | 05:56pm CEToriginalIt is the modest decline since the beginning of this year. In the first ten months, the production fell by...
read moreIIHS: Ford, Volvo, Subaru and Volkswagen being safest cars
December 28, 2009 | 10:36pm CEToriginalSix cars belonging to the carmaker Ford got onto the list of safest cars. Carmakers Subaru and Volkswagen...
read moreSales of Volvo trucks fell by 41% in October
December 28, 2009 | 10:30pm CEToriginalThe company has registered the biggest decline in Europe, on the contrary, the lowest sales’ drop was in North America and Asian countries. However, sales increased compared with September...
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