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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
EVC Group to offer electric cars and hybrids charged from electrical network
December 8, 2009 | 06:58pm CEToriginalThe company will offer the completely new electric cars Skoda Roomster and Smart, and transformation of a customer’s car only, too. Parametres, prices and plans…
read moreCredium intends to expand in both automotive and non-automotive consumer finance
December 8, 2009 | 06:13pm CEToriginalTo credit cards and installment plans, on-line credits have expanded the offer and other products will be added. In automotive financing…
read moreChina reportedly to continue supporting automotive sector in 2010 as well
December 8, 2009 | 04:54pm CEToriginalTax allowances will be provided for all passenger cars; the allowances will be higher for smaller cars rather than for the larger ones…
read moreGM terminated plan to dismiss 550 employees in Opel’s R&D centre in Russelsheim
December 8, 2009 | 04:12pm CEToriginalAccording to German government, GM does not need any help for Opel. Opel’s employees are prepared to make compromises which could earn GM an annual saving of…
read moreSales of carmaker Toyota Motor up in October for the first time over 15 months
December 8, 2009 | 03:43pm CEToriginalParticularly, the sales went up by 5% to 640,000 cars. In the United States, the sales declined by 3.5%, in Japan and China were growing though…
read moreSuzuki to sell stake in JV in Canada to General Motors
December 8, 2009 | 02:52pm CEToriginalGM will thus have full control over CAMI Automotive. Therefore, the US carmaker will find itself without its Japanese production partner…
read moreTwo subjects interested in Lotus representation in Czech Rep
December 7, 2009 | 11:04pm CEToriginalThose are a Czech person from the field of motor sport and one foreign dealership reportedly. In particular...
read moreAuto Esa tests car auction through Internet
December 7, 2009 | 10:10pm CEToriginalThe auctions are provided on-line and they take place every Tuesday at 3pm. Auto Esa places about 20 cars in the auction being published a day in advance...
read moreTrade unions of Hyundai’s plant in Nosovice declared strike emergency
December 7, 2009 | 09:09pm CEToriginalThe unions demand reducing overtime work to a minimum and an extra bonus of CZK 5,000 in addition. The trade union is registering increased interest in memberships…
read moreInterest in certain technical fields in secondary schools increasing
December 7, 2009 | 07:19pm CEToriginalThis year there were 3,341 students enrolled in study in machinery industry and 4,354 students in the study of mechanic/repairer of motor vehicles. Considering the studies of cartronic, electrotechnician and electrician...
read moreHome Credit: Czechs take away 7-year old car of lower middle class from used car shops most often
December 7, 2009 | 05:34pm CEToriginalAn average customer decided for hire sale financing get a credit of CZK 126,000 and pays it off for 51 months. The most popular brands and the difference in preference of men and women…
read moreAudi A6 on leasing or credit without interest until end of this year
December 7, 2009 | 04:48pm CEToriginalThe offer refers to all versions—to the limousine, the Avant and the allroad. A client will also receive an administratively legal assistance SkoFIN Assistant…
read moreHyundai has new dealership in Trebic, showroom has been opened by Auto Activity there
December 7, 2009 | 03:54pm CEToriginalAuto Activity is now operating in five premises in Vysocina region and in the neighborhood where it is dedicated to brands Ford, Mazda and newly also to Hyundai...
read moreCitroen offers Berlingo, Jumpy and Jumper in Professional edition with extra equipment
December 7, 2009 | 02:51pm CEToriginalCustomers can thus save up to CZK 27,000 excl. VAT. The Professional packet includes different equipment within each model, prices of the particular versions…
read moreDealers of Skoda cars in Czech Rep complain that carmaker does not impose equal conditions
December 7, 2009 | 01:36pm CEToriginalThe complaint is now being resolved by the Office for the Protection of Competition. The carmaker reportedly dictates them suppliers of equipment for service shops and showrooms…
read moreTriglav to support on-line sales of damage liability by discount for middle-aged generation
December 7, 2009 | 12:24pm CEToriginalYoung people have got accustomed to the Internet insurance already. Moreover, the insurance company is preparing accident insurance, on-line credit card payment…
read moreGeneral Motors has not established itself in India much, SAIC to help it
December 7, 2009 | 11:50am CEToriginalBoth carmakers will establish a joint venture in India. At the same time, GM has settled a majority stake in a joint venture in China on the company SAIC…
read moreUniCredit Leasing offers advantageous operating lease for limited editions of BMW 1 and 3 Series
December 7, 2009 | 11:25am CEToriginalThe company guarantees the residual value of the car after the lease contract finishes with a possibility to buy the car back for this price…
read moreFall in sales broken at 23.3% in Slovakia in November
December 7, 2009 | 10:57am CEToriginalThe most demanded brand among passenger cars and light utility vehicles remains Skoda, but its market share went down by...
read moreGeneral Motors reportedly to cut 8,300 jobs in Opel only
December 7, 2009 | 10:10am CEToriginalHowever, the carmaker spoke of cutting approximately 9,000 jobs last time. The plan estimates paying off a state help by 2014 and proposes to close Opel’s plant in...
read moreSales of new passenger cars and light utility vehicles up by 4.1% in Czech Rep in November
December 4, 2009 | 05:29am CEToriginalNovember sales were pulled by firms, a year ago by private customers. Since January until November, registrations declined by...
read morePart of employees in Czech plant of Hyundai were on strike because of overtime
December 4, 2009 | 04:41am CEToriginalEmployees in production currently work 16 hours per month overtime. The carmaker wants to negotiate with the employees though. Changes in the organization of production may occur…
read moreVolkswagen to invest EUR 2.4 billion in Brazil over five years
December 3, 2009 | 08:26pm CEToriginalThe carmaker expects demand for passenger cars to rise in the country by 2014 from the current 3 million cars per year to…
read moreAutomotive Industry Association to be led again by Martin Jahn for next two years
December 3, 2009 | 07:29pm CEToriginalJiri Cerny (TPCA), Pavel Juricek (Brano Group) and Oldrich Svoboda (Hella Autotechnik) have been affirmed as SAP vice-presidents. Other members of the board…
read moreScania introduced Scania Approved program for sales of used trucks and buses
December 3, 2009 | 05:28pm CEToriginalThe carmaker thus grants the condition of vehicles in a sale. The output is then granting a certificate with results Excellent, Very Good or Good…
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