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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
Ernst & Young: Return of sales to level before crisis does not have to mean improvement
November 24, 2009 | 08:49pm CEToriginalConsumers currently tend to buy smaller and cheaper models for which there are smaller margins during production and sale as well…
read moreCustoms administration in Hradec Kralove found fake spare parts for Skoda cars
November 24, 2009 | 07:07pm CEToriginalThe institution will be investigating origin of the forged bonnets, front masks and headlights. By monitoring the customs officers for forged goods found…
read moreCurrent prospective buyers of Nissan GT-R in Czech Rep to wait for it several months only
November 23, 2009 | 03:51pm CEToriginalExclusive distributor for Czech market Auto Palace Vysocany can now satisfy several customers with deliver time in Q1 2010, particularly...
read moreVolkswagen separated Internet presentation of cars from LCVs in Czech Rep
November 23, 2009 | 02:40pm CEToriginalThe aim is to make Volkswagen Commercial Vehicles more visible and at the same time to target advertising campaigns better. There are three new sections on both websites...
read moreFord wants to invest USD 2.26 billion in increasing production capacities in Brazil
November 23, 2009 | 01:52pm CEToriginalCar sales in Brazil should go up to a record volume this year. Local association of car dealers expects the sales to grow in 2010 as well by...
read moreCrown syndicate to bid for carmaker Volvo Car this week
November 23, 2009 | 12:13pm CEToriginalFord has already been negotiation a sale of Swedish divions with the syndicate led by Chinese company Geely, which is offering Volvo...
read moremmotion09: Super sports cars Ferrari and Maserati also to arrive at show
November 23, 2009 | 11:23am CEToriginalSimultaneously with mmotion, art & interior exhibition and brand new MediArt fair of plastic and aesthetic surgery will be held. At mmotion09 Scuderia Praha will be showing cars...
read moreNo scrap bonus in Czech Rep probably, CSSD backing out of it, government not planning it
November 23, 2009 | 10:23am CEToriginalThe Automotive Industry Association opposes with necessary steps to speeding up renewal of car fleet with respect to ecology and traffic safety again…
read moreSkoda Auto suspended some new projects, some of them to fall behind
November 22, 2009 | 06:43pm CEToriginalThe priority is to produce cheap and low-cost models now. A cheap middle class sedan will arrive after a mini car from Bratislava whereas the Octavia third generation and MPV will fall behind…
read moreJaguar Land Rover to choose a new importer for Czech Rep by end of January 2010
November 22, 2009 | 05:38pm CEToriginalEven though A.M.T. Moravia with showrooms in Brno and Ostrava has been insolvent, the sale in the Kolbenova Street in Prague has been converted to a new company…
read moreDomansky terminated sales of Mitsubishi cars in Zdiby near Prague
November 22, 2009 | 04:45pm CEToriginalHowever, the company remains an authorized service partner of Mitsubishi. The reason of the end of cooperation is…
read moreNew car sales in Czech Rep exceeded import of used cars from abroad after five years again
November 22, 2009 | 03:10pm CEToriginalEven though car prices went down by 40% y/y, sales are still falling down. Small local showrooms are the worst off…
read moreIIR holds conference HR Managers’ Meeting 2009
November 22, 2009 | 01:25pm CEToriginalThe 12th year of the event has also a separate block of financial sector and production sphere. Representatives of insurance and automotive companies will also be speaking there...
read moreTire producer Michelin plans to expand in Russia
November 22, 2009 | 11:28am CEToriginalIf Russian market revives in a year, Michelin will initiate projects for increasing capacity markedly and for expansion of distribution network…
read moreGeneral Motors wants to keep all plants of carmaker Opel
November 22, 2009 | 10:41am CEToriginalHowever, reduction of production capacities will occur and up to 10,000 jobs will be cut. GM will introduce a restructuring plan for Opel in…
read moreSupervisory boards of Volkswagen and Porsche approved details of merging the carmakers
November 22, 2009 | 09:39am CEToriginalVolkswagen repeated that it would buy a 49.9% share in Porsche by the end of this year for…
read moreSantander leaves automobile financing in Central Europe, shifts interest to South America
November 20, 2009 | 02:27am CEToriginalAfter having terminated cooperation with AAA Auto and Mazda in the Czech Republic and Slovakia, its partnership with Nissan on Czech market is running out…
read moreA.Charouz: We do not intend to cut current jobs within the group centrally
November 20, 2009 | 01:47am CET, updatedoriginalThe company has thus contravened an information of Autofox saying the group intends to cut 15% of jobs during November, 2009 until February, 2010...
read moreHyundai: Scrap bonus CZK 30,000 to be last time extended in Czech Rep till end of year
November 20, 2009 | 01:22am CEToriginalAt present, the scrap premium applies to 400 stock cars i10, i20 and i30. The basic price of each car has thus reduced to...
read moreVolkswagen increased sales by 11.1% in October, Skoda Auto by as many as 33%
November 20, 2009 | 12:57am CEToriginalThe y/y decline in sales of Auto Skoda was only 1.7% over ten months of this year. The Czech carmaker has already surpassed the limit of 100,000 sold cars in China. Particular models…
read moreFleetCor intend to expand fleet management in Europe, buying Czech company CarNet
November 19, 2009 | 09:15pm CEToriginalThe existing fleet management and telematics Tracker in the Czech Republic, which has been bought by FleetCor in 2007...
read moreTwo showrooms Audi Terminal to be opened in Prague Q1 2010
November 19, 2009 | 05:36pm CEToriginalThe second and third Audi Terminal in the Czech Republic, bringing service zone pit-lane, aluminium bodywork repairs and a separate sale of used cars, will be opened by dealers...
read moreToyota Motor wants to have all its models with plug-in hybrid drive by 2020
November 19, 2009 | 04:32pm CEToriginalSome Toyota and Lexus models will be fully electric. Toyota Prius plug-in and Lexus IS plug-in will come into the market in…
read moreA. Charouz expands in Moravia, bought another dealer in Brno
November 19, 2009 | 03:22pm CEToriginalThe A. Charouz Group has been formed by dealerships in Bohemia for a long time only. After company CARent, another dealer joined the group this year…
read moreLexus plans on a slight growth in car sales in Czech Rep this year
November 19, 2009 | 02:39pm CEToriginalSales of Lexus in the Czech Republic have held a stable position of over 250 cars in recent years. Extending the number of selling points in Czech and Slovak markets…
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