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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
Triglav offers copying of bonuses from damage liability to accident insurance in special offer
December 3, 2009 | 04:45pm CEToriginalThis offer applies to bonuses provided by other insurance companies, too. The insurance company has registered a growth in the number of newly concluded contracts of damage liability this year…
read moreRussia reportedly could obtain a share in carmaker Renault in exchange for AvtoVAZ’s stock
December 3, 2009 | 04:20pm CEToriginalRenault together with other shareholders of AvtoVAZ, Russian state investment group Russian Technologies and Moscow-based bank Troika Dialog, will sign an agreement…
read moreGM not to dismiss employees in Ellesmere, UK; unsure in Luton, UK and in Gliwice, Poland
December 3, 2009 | 03:55pm CEToriginalGM wants to increase production in Ellesmere even and to introduce a three-shift operation from 2011. There will soon begin production of Opel Astra Sports Tourer…
read moreGeneral Motors CEO Fritz Henderson stepped down after eight months
December 3, 2009 | 02:54pm CEToriginalHe will temporarily be replaced by GM board chairman Ed Whitacre. GM also said that it would consider offers for Saab by the end of the year or would close the division…
read moreTata Motors want to expand distribution and dealer network in Europe in coming years
December 2, 2009 | 11:43pm CEToriginalThe carmaker has representation in Italy, Spain and Poland currently. Tata cars are sold in Slovakia as well, not in the Czech Republic yet. This year sales of Tata cars in Europe will be…
read moreSecond European importer of Chinese cars went bankrupt this year already - HSO Motors Europe
December 2, 2009 | 11:10pm CEToriginalA. Charouz is still interested in bringing Brilliance brand on Czech and Slovak markets and will negotiate with the new European distributor…
read moreSeveral investors interested in indebted German automotive supplier Olho, maybe IAC Group too
December 2, 2009 | 10:30pm CEToriginalThree companies from the Olho Group has been insolvent since the summer; the Czech plant not though. A decision on choosing an investor should be taken by…
read moreSkoda’s fleet customers in Czech Rep true to brand, absence of CNG drive does not discourage them
December 2, 2009 | 10:07pm CEToriginalSkoda Auto is the furthest with its Octavia CNG, considering Roomster CNG and Superb CNG, too. The first car with a CNG drive could appear on market in…
read moreAuto Activity bought showrooms of former Ford dealer and took up another brand
December 2, 2009 | 09:14pm CEToriginalThe company thus operates in five premises in Vysocina and the neighbourhood. New brand Huyndai found a place in Trebic where Auto Activity replaced company…
read moreVDA: Cars sales in Germany to go up by a quarter in 2009, to go down by a quarter in 2010
December 2, 2009 | 08:51pm CEToriginalSales on German market went up by 20% in November. According to VDA, global car sales in 2009 and 2010…
read moreMercedes-Benz C-Class: Next generation to arrive in 2014, not from plant in Sindelfingen, Germany anymore
December 2, 2009 | 08:07pm CEToriginalDaimler will transfer a part of production to US, the other part to Bremen, Germany. To Sindelfingen will be transferred production of model…
read moreBMW and Brilliance to invest USD 735 million in expansion of production in China
December 2, 2009 | 04:22pm CEToriginalThe money will be allocated in expansion of an existing plant and construction of a new plant as well. BMW’s production capacity in China will then grow to…
read moreNew car sales in Russia down by more than 50% in October again
December 2, 2009 | 03:45pm CEToriginalSales of Skoda cars develop similarly. The Czech carmaker does not expect any dramatic improvement until May, 2010 minimally. This year global sales on the market and Skoda sales…
read moreChrysler cancelling plans for development and mass production of electric and hybrid cars
December 2, 2009 | 02:42pm CEToriginalAlthough the company has received a number of government grants and subsidies to develop green cars, it dissolved the Envi division. By 2014, the share of electric vehicles will be only...
read moreGhosn: Global sales expected to range around 60 million cars in 2009 and 2010 too
December 2, 2009 | 01:47pm CEToriginalHead of Renault has thus improved this year’s estimation. In 2010 markets in China, India, the Middle East, South America and US might grow and conversely…
read moreSales of German carmakers BMW, Mercedes-Benz and Audi up in October
December 2, 2009 | 12:17pm CEToriginalBMW increased its sales by 2%, Audi by 0.4% and Mercedes-Benz Cars by 4%. For the coming months BMW expects…
read moreOver 10 million cars produced in China this year, sales above this limit expected as well
December 2, 2009 | 11:17am CEToriginalSales of passenger cars in the country went up by 76% in October, by 45% over ten months. General Motors…
read moreChrysler wants to launch four new Dodge models into market by 2013
December 2, 2009 | 10:46am CEToriginalMost of the current models will then pass through a facelift and will get new engines. Among the new cars there will be...
read moreCar of the Year 2010: European car of the year became Volkswagen Polo
December 2, 2009 | 08:33am CEToriginalToyota iQ, Opel Astra and Skoda Yeti as the number four follow. Volkswagen has already registered over 130,000 orders for Polo; in the Czech Republic Volkswagen registers…
read moreKaipan working on new model as well as on electric and hybrid drive for Kaipan 15
November 30, 2009 | 11:42pm CEToriginalThe company is now considering what engine the new car should get. Regarding alternative drives, Kaipan thinks of more possibilities...
read moreFaurecia to strengthen itself in field of emissions control technologies by purchasing company Emcon Technologies
November 30, 2009 | 11:05pm CEToriginalThe acquisition will be covered by issuing 20.9 million of new stock of the company Faurecia by which means PSA’s share in Faurecia will decline to...
read moreProduction of Irisbus buses in Vysoke Myto to go down by 18% this year
November 30, 2009 | 10:41pm CEToriginalThe company currently produces 10 busses per day compared to 13.5 buses earlier. Iveco CR has not been dismissing so far due to the crisis; the number of agency staff is…
read moreHyundai to sign up 500 people only in Nosovice by summer 2010, by one third less than wanted
November 30, 2009 | 09:53pm CEToriginalThe company is now cautious with recruitment and estimations of production for this year. Moreover, the plant is facing a lack of qualified workers…
read moreCar sales in Britain up by 32% in October
November 30, 2009 | 09:11pm CEToriginalIt is the fourth growth of car registrations in a row. The reason of an increased demand for cars is the program of scrap bonuses but also…
read moreCSOB Pojistovna expects a downturn in profit this year
November 30, 2009 | 08:34pm CEToriginalThe insurance company does not want to increase its market share at any cost, profitability is important. The crisis has mainly stricken accident insurance and regarding damage liability, customers prefer...
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