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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
Kia offer series of actions, discounts and bonuses till end of year in Czech Rep
November 30, 2009 | 07:18pm CEToriginalWhen buying selected models, customers will get winter tires and wheels for free, significant discounts, scrap bonus or other benefits when using financing...
read moreRenault wants to increase a share of women in automotive retail, should be equal to men by 2012
November 30, 2009 | 06:56pm CEToriginalThe share is currently 26%. Women form a half of motorists and they preferable interact with a woman when visiting a showroom or a service shop…
read moreAudi A3: Start-stop system combined with automatic transmission for the first time
November 30, 2009 | 06:34pm CEToriginalStart-stop has therefore got into the third Audi model, when since summer it is available in Audi A4 and A5. Audi A3 moreover got energy recovery system...
read moreToyota Aygo from Kolin now on Czech market under CZK 200,000
November 30, 2009 | 05:44pm CEToriginalThe carmaker has decreased the price of a basic equipment version by CZK 30,000. To a five-door version it is newly possible to purchase manual air-conditioning for...
read moreSanyo to supply company PSA with batteries from 2011, fifth carmaker already
November 30, 2009 | 04:50pm CEToriginalSanyo, of which company Panasonic intends to gain control, will put nickel-hydride cells to diesel-electric hybrid cars...
read moreCzech representation of Fiat Group to be led by a manager from Poland
November 30, 2009 | 03:45pm CEToriginalShe replaces Josef A. Mayr (head of Fiat Group in Austria), who held the position temporarily after Bohumir Preucil had left…
read moreHonda Motor improved estimation of profit and sales in this year, 2010 is unsure
November 30, 2009 | 03:20pm CEToriginalHonda’s operating profit went down by 56% in Q3 but exceeded analysts’ expectations. Honda and other Japanese carmakers will face competitors from…
read moreSkoda Auto to prolong December shut-down of Fabia and Roomster models production by one day
November 30, 2009 | 02:57pm CEToriginalThe carmaker will thus stop producing the models before Christmas—as early as December 18. Production of other models will end...
read moreInsurance companies in Czech Rep increased specified insurance premium by 2% in Q1-3
November 30, 2009 | 02:23pm CEToriginalRegarding non-life insurance, the growth was 0.7%. The growth in the number of valid contracts within the non-life insurance reached 2.7% and was caused…
read moreCar sales in US start showing signs of stabilization
November 30, 2009 | 01:44pm CEToriginalThe sales stagnated y/y in October, went up by 12% m/m. A marked growth was registered by Hyundai, Subaru and Porsche while a strong decline by Chrysler…
read moreAAA Auto got to profit along with downturn of revenues by 46.3% in Q1-3
November 27, 2009 | 03:55pm CEToriginalCar sales went down by 41.6% to 29,226 cars in Q1-3 due to shutting down foreign branches and the economic recession. The number of cars sold in Q3 declined by 36.2% to…
read moreHead of GM Europe: Future of Opel’s plant in Belgium uncertain
November 27, 2009 | 02:01pm CEToriginalIn the plant in Antwerp Opel produces model Astra. Within Opel’s restructuring, about 9,000 employees should leave; out of that in Germany…
read moremmotion09 began in Prague on Thursday, organizers expect over 20,000 visitors
November 27, 2009 | 12:28pm CEToriginalFor the first time in the Czech Republic Infinity, Bentley Continental Supersports and Ferrari California cars can be seen there but there will also be oldtimers and helicopters. The next year…
read moreToyota Motor to repair 4 million cars due to accelerator pedal in USA under pressure of authorities
November 27, 2009 | 01:48am CEToriginalThe event considers the best selling models Toyota Camry and Prius, as well as Toyota Avalon and Lexus ES350. For models produced since 2010...
read moreDaimler wants to increase its share in Kamaz to 25% from current 10%
November 26, 2009 | 05:34pm CEToriginalTroika Dialog holds a 44% share in Kamaz and is willing to sell a part. Both companies are now negotiating the price which could reach…
read moreElectric car producer Tesla Motors reportedly considers entering stock exchange
November 26, 2009 | 03:35pm CEToriginalThe carmaker would thus follow producer of lithium-ion cells A123 Systems. The interest in IPO begins waking up slowly…
read moreTata Motors increased net profit by 110% in Q3 along with growth of revenues by 13%
November 26, 2009 | 02:41pm CEToriginalThe data do not include its problematic division Jaguar Land Rover. The volume of sales went up by 17% in Q3. Regarding small car Nano, the carmaker have already delivered...
read moreBAIC could be interested in some Saab's assets
November 26, 2009 | 04:10am CEToriginalThe Chinese company, which was supposed to participate in taking over Saab by carmaker Koenigsegg, wants to strengthen its activities in…
read moreGeneral Motors reputed to cut 8,700 jobs in Opel only
November 26, 2009 | 12:56am CEToriginalThe head of GM Europe has talked of cutting 9,000 to 9,500 jobs so far. Opel has around 85 suppliers in the Czech Republic…
read moreScania’s operating profit down by 81.6% in Q3, less than expected by analysts though
November 25, 2009 | 06:32pm CEToriginalOrders for new cars were going up due to Western European market stabilizing and have exceeded the level of deliveries. In particular…
read morePorsche initiated advantageous service program for owners of more than seven-year old car in Czech Rep
November 25, 2009 | 06:19pm CEToriginalThose can avail of a care of brand Porsche Centers in Prague and Brno and they will also receive a 20% discount for spare parts and a lower hourly rate…
read moreAAA Auto prepared program of car fleet optimization for small and mid-sized companies
November 25, 2009 | 05:17pm CEToriginalIt offers them to buy out a car from leasing or credit, car fleet reduction and replacing cars with smaller ones. AAA Auto wants to increase sales to entrepreneurs…
read moreGerman called upon other countries not to help Opel
November 25, 2009 | 04:42pm CEToriginalThe German government did not consider helping the carmaker by itself originally. The separate states are reportedly offering Opel a help amounting to…
read moreBenteler to purchase automotive division from Norwegian group Hydro
November 24, 2009 | 11:46pm CEToriginalHydro Automotive Structures will join Benteler Automobiltechnik division. The transaction includes Hydro’s activities in the Czech Republic as well…
read moreGeneral Motors did not manage another sale, Koenigsegg lost interest in Saab
November 24, 2009 | 10:09pm CEToriginalGM will be discussing the fate of the Swedish division in a week. GM is reportedly not negotiating with other clients either. The carmaker Saab is threatened by a loss…
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