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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
Bankruptcy of US airbag producer Global Safety Textiles (GST) has consequences in Czech Rep too
December 13, 2009 | 11:49pm CEToriginalCzech plant in Jevicko will terminate its activity by April, 2010 and will dismiss 350 employees. Its controling company ITG, or more precisely Wilbur Ross is now looking for a buyer for GST…
read moreInfiniti during 2010-2012: From petrol through diesel and hybrid to electric cars
December 13, 2009 | 11:36pm CEToriginalThe models for US market will be introduced in Europe as well. The Infiniti M and Infiniti QX will be introduced as new generations in 2010; hybrids and electric cars later on…
read morePeugeot 3008: Exceeding of this year’s sales aim in Europe and Czech Rep also by 15%
December 13, 2009 | 11:16pm CEToriginalThe carmaker registers 50,000 orders after six months and increases production in Sochaux. Shares of the particular motorizations, equipment versions and plan for the year 2010…
read moreCetelem: Demand for Allianz travel insurance bigger than for automobile insurance in Czech hypermarkets of Globus
December 13, 2009 | 11:07pm CEToriginalThere were the most active customers in Chomutov and Prague, where the largest number of insurance contracts was concluded in hypermarket…
read moreFord examines capabilities of wood during production of car components
December 13, 2009 | 10:53pm CEToriginalThe combination of wood and plastics does not absorb damp. The material can thus be used in the interior and engine area. However, the problem still remains…
read moreHalfords opened its shop with fast service in Borska Pole, Plzen, second one in city
December 13, 2009 | 10:32pm CEToriginalTotally, it is the sixth branch in the Czech Republic. An analysis carried out by Halfords shows that in case of several price levels of products, customers decide for...
read moreCP: Sales of car insurance through Internet and phone grows by more than 50% yearly
December 13, 2009 | 06:35pm CEToriginalThe volume of policies arranged on-line and insurance settled in the Czech Republic is still growing, according to advisory company KPMG…
read moreVAST to gain full control over both Chinese joint ventures in Shanghai and Fuzhou
December 13, 2009 | 06:12pm CEToriginalPartners of an alliance of VAST, Witte Automotive, Strattec Security and Adac Automotive will thus reinforce their position on Chinese market…
read moreCKP: Introduction of contribution of uninsured car owners to guarantee fund successful
December 13, 2009 | 05:46pm CEToriginalThe number of cars removed from car register in the Czech Republic is growing, the number of uninsured cars is declining as well as the number of accidents caused by uninsured cars which declined by…
read moreManagement of Hyundai’s Czech plant cancelled all overtime in December
December 11, 2009 | 02:24pm CEToriginalNevertheless, the company wants to agree with trade unions on this year’s one Saturday shift on December 19 so that there would be two shifts and employees would receive a bonus for them…
read moreSkoda Auto to reduce Fabia production from five to four days a week and Roomster to be reduced from 150 to 120 cars a day in Q1
December 11, 2009 | 10:35am CEToriginalEmployees will compensate the deficit during the year on extra shifts within time accounts…
read moreCar of the Year of Motorist Journalists’ Club 2010 becomes Skoda Yeti
December 11, 2009 | 09:56am CEToriginalThe Opel Astra (164 points), Mercecedes-Benz E (143 points), BMW X1 (136 points) and Volkswagen Polo (134 points) follow. Yeti has already gained other awards…
read moreEngine 1.2 TSI (77 kW): Production for 2009 and 2010 in Czech Rep only, from 2011 in Germany too
December 10, 2009 | 10:38pm CEToriginalThe engine is available in the Skoda Yeti and Volkswagen Golf in the meantime. Along with an assembly into other VW Group models, its production will grow next year…
read moreVolkswagen to take over 19.9% of carmaker Suzuki for USD 2.5 billion
December 10, 2009 | 09:29pm CEToriginalThe German company is reportedly interested in increasing the share even over the controlling level of one third. The carmaker will invest up to a half of the revenues from the sale of Suzuki’s stock in…
read moreWages in Jihlava-based plant of Bosch Diesel to go up by CZK 300 from July, 2010
December 10, 2009 | 08:18pm CEToriginalTrade unions acquired a promise of other benefits in collective negotiations; some requirements were not carried through on the contrary…
read moreMann+Hummel introduces production of new particulate filter for diesel engines
December 10, 2009 | 07:07pm CEToriginalThe new DPF has an increased capacity for catching carbon particles, provides integration of other functions and in addition, it is possible to reach CO2 emissions reductions…
read moreSales of passenger cars in China doubled to 1.04 million in November
December 10, 2009 | 06:51pm CEToriginalGM’s sales went up by 109.5%, sales of Mercedes-Benz by 224%. Over this year…
read moreHead of Allianz pojistovna Miroslav Tacl to resign at year end
December 10, 2009 | 06:32pm CEToriginalThe supervisory board of the insurance company has accepted his resignation; no decision regarding his successor has been taken yet. Members of the board remain…
read moreVolkswagen purchased 49.9% stake in carmaker Porsche for EUR 3.9 billion
December 10, 2009 | 05:56pm CEToriginalPorsche should become Volkswagen’s tenth brands in 2011. The merger will lead to annual savings…
read moreToyota plans to restart production of plants in US and China
December 10, 2009 | 04:59pm CEToriginalThe carmaker will invest EUR 750 million in completion of the plants. Introduction of production and a portfolio of models produced…
read moreAnother investor interested in producer of passenger cars Volvo Car
December 10, 2009 | 04:30pm CEToriginalThe investor is Jakob syndicate composed of Swedish subjects mainly. The group is offering hard cash and is waiting for Ford’s reaction…
read moreCar sales slightly up in US in November
December 10, 2009 | 03:55pm CEToriginalThe largest growth was registered by Hyundai; sales of the three largest carmakers did not change markedly. Sales of economy cars and crossovers were going well…
read moreJapanese carmaker Isuzu Motors to vigorously enter Central Europe
December 9, 2009 | 10:34pm CEToriginalWithin the next two years, the carmaker will open representation offices in the Czech Republic, Slovakia and Hungary. The offer of models and sales and service network…
read moreAuto Esa offers guarantee service for free when buying car in action
December 9, 2009 | 08:38pm CEToriginalThe company has also prepared a series of bonuses when using funding. Guarantee service applies to the first implementation of selected servicing operations...
read moreRussian government and Renault pledged support to carmaker AvtoVAZ
December 9, 2009 | 08:04pm CEToriginalPutin promised over EUR 1 billion on the company’s restructuring. Renault-Nissan alliance will give EUR 300 million for the production of a new Lada model...
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