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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
Reilly: GM to cut up to 10,000 job in Europe and plans to reduce production capacity by up to 25%
November 19, 2009 | 01:30pm CEToriginalTherefore, one fifth of the total number of Opel’s employees would lose their jobs. The European Commission arranged a meeting on Monday…
read morePetr Kohout left Essox to develop activities of affiliated company in Vietnam
November 16, 2009 | 08:30pm CEToriginalSociete Generale plans for a large expansion in Vietnam. In the Czech Republic, Kohout will be replaced on the post of Essox financial and operations manager by…
read moreAAA Auto: Over 62% of used cars bought on weekends this year, 47% of sales fall on weekends last year
November 16, 2009 | 06:30pm CEToriginalAccording to AAA Auto, people also visit used car shops in the evenings on weekdays more. However, clients choose the cars on the web during the working time…
read moreCar sales in Europe up by 11.2% in October, down by 5% over ten months
November 16, 2009 | 05:29pm CEToriginalOctober sales in Western Europe went up by 15.8% but went down by 36.9% in Eastern Europe. The exception was the Czech Republic…
read moreMinistry of Transport closed one STK and 25 emission measuring stations this year
November 16, 2009 | 04:21pm CEToriginalThe Ministry of Transport deprived company STK Jarov, which carried out technical inspections in Auto Jarov zone in Prague, of a license. STK is now run by company…
read moreKia Motors showed a record quarter profit of KRW 402 billion in Q3
November 16, 2009 | 03:09pm CEToriginalThe carmaker thus surpassed analysts’ estimations by a third; returned to a profit y/y and increased its profit q/q by…
read moreZVEI holds conference Competence in Automotive Electronics 2009 in Munich on December 8
November 16, 2009 | 02:06pm CEToriginalIt is the sixth year of the event focused on suppliers of electronic and electrical automotive parts. At the conference the following will be speaking…
read moreVolvo AB posted a loss of SEK 3.3 billion in Q3
November 16, 2009 | 01:22pm CEToriginalThe loss is lower though than SEK 4 billion expected by analysts. However, in Q3 2008 the world’s second largest truck producer showed a profit…
read moremmotion09: Mainly exclusive car brands from Europe to be introduced this year, veterans for the first time
November 16, 2009 | 12:29pm CEToriginalAuto-Exner is coming back to mmotion after a year—with its new brand Aston Martin among others. Auto Palace will introduce Infiniti cars there…
read moreVolkswagen Touran: Special offer shifted basic price to CZK 489,900
November 16, 2009 | 11:26am CEToriginalThe special offers bring customers savings of up to CZK 54,700; special packets save further CZK 50,100 even. The action packets include…
read moreHyundai tripled net profit to record KRW 979 billion in Q3
November 16, 2009 | 10:19am CEToriginalAnalysts expected the profit to be lower by one third though. The reason of the better result is higher sales mainly, but Hyundai did not have to solve frequent strikes during Q3…
read moreBugatti agreed on official representation in Czech Rep with Czech partner
November 12, 2009 | 11:21pm CEToriginalThe Czech representation will be the 16th in Europe but the first in Central and Eastern Europe (CEE). In 2010 a showroom in Prague will be opened by…
read moreProducer of plug-in hybrids Fisker appointed a third distributor for Europe including Czech Rep
November 12, 2009 | 11:01pm CEToriginalThe distributor will be in charge of wholesale and retail activities in six countries of Western and Central Europe including the Czech Republic. The company is…
read moreBrand financing of Mazda cars in Czech Rep and Slovakia newly provided by Credium
November 12, 2009 | 10:41pm CEToriginalCredium will finance dealer’s stock cars as well as buying cars by customers under brand Mazda Finance. Credium has thus replaced company…
read moreNew Skoda car will be sedan bigger than Fabia sedan and smaller than Octavia Tour
November 12, 2009 | 09:13pm CEToriginalIt will be a lower middle class car and will replace the Octavia first generation. It will reach the market during two or three years and its price will be around…
read moreA.M.T. Group lost representation of Jaguar and Land Rover brands in Czech Rep
November 12, 2009 | 08:44pm CEToriginalThe importer license is now free, and the carmaker is negotiating it with several prospective partners. Some dealers and showroom of PMG Finance group are for sale…
read moreCarmakers on Czech market giving different car sales margins to dealers
November 12, 2009 | 07:52pm CEToriginalThis is also concerning the Skoda brand, for instance. The amount of margin is dependent on the annual sales volume of a certain dealer, but also on...
read moreSkoFin offers financing of ecological showrooms of Volkswagen Group’s dealers in Czech Rep
November 12, 2009 | 07:16pm CEToriginalThe company finances solar panels for roofs of showroom, photovoltaic parks and will be financing even electric cars in the future. First projects have already started…
read moreUOHS has guessed several producers of cars and spare parts who limit competition among dealers and service shops
November 12, 2009 | 06:26pm CEToriginalIf UOHS proves their offension against the law, they will have to change supply contract. Most dealers currently offer more than one brand…
read moreGeneral Motors to pay off a credit worth EUR 1.5 billion for Opel by end of November
November 12, 2009 | 05:31pm CEToriginalGerman chancellor Angela Merkel called GM for submitting a convincing plan for recovery of Opel quickly. GM has already paid from the bridging loan…
read moreRenault interested in increasing its share in carmaker AvtoVAZ, Russia could allow this
November 12, 2009 | 04:10pm CEToriginalThe government wants to find a strategic partner for AvtoVAZ. That one should be Renault probably who is interested in a control share even…
read moreVolkswagen calls 57,000 concern cars with DSG transmissions to service shops
November 12, 2009 | 01:58pm CEToriginalIt is a preventive inspection because the transmission does not have to be defective in all of the invoked cars. The cars concerned are those of Volkswagen, Audi, Seat and Skoda as well…
read moreQatar wants to sell up to 25 million Volkswagen’s preferred stock
November 12, 2009 | 11:26am CEToriginalState investment company Qatar Holding wants to support liquidity of the stock this way but plans to obtain a share in Volkswagen…
read moreOpel/Vauxhall division to be led by Nick Reilly temporarily, GM still seeks head for Europe
November 12, 2009 | 10:02am CEToriginalCarl-Peter Forster received an offer from Indian carmaker Tata Motors to become a member of management of Jaguar Land Rover division and to introduce Tata Nano into Europe in…
read moreDaimler intend to cancel 1,000 jobs in Mercedes-Benz Cars division
November 11, 2009 | 04:40pm CEToriginalThe carmaker is going to offer a voluntary departure from the company to the German employees. The offer will be made prior to employees aged over...
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