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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
New car sales in Slovakia fell sharply by more than third in October
November 11, 2009 | 03:15pm CEToriginalIn ten months, sales decreased by 2.8%. Market share of the most popular brand Skoda has fallen this year by...
read moreGeneral Motors separated sales activities of Opel and Chevrolet in Europe
November 10, 2009 | 11:58pm CEToriginalTwo succession regional representatives Opel SEE and Chevrolet CEE are still settled in Budapest but a range of personnel changes have occurred…
read moreT-Motor Zlin sold 227 new Toyota cars in 2008, plans for further growth in 2009
November 10, 2009 | 11:49pm CEToriginalCompany Zliner continues in the activities of an independent dealer of Toyota, Lexus and Daihatsu. As an authorized service partner, the company offers Expres service…
read moreTatra wants to fight with crisis by selling subsidiaries and buying components from suppliers
November 10, 2009 | 11:05pm CEToriginalThe carmaker intends to focus on construction of special vehicles and development of underbody groups. The company would invest the money from selling the subsidiaries in…
read moreCLFA: Leasing of movable assets down by 56% in Q1-3, a slight drop in other commodities
November 10, 2009 | 10:26pm CEToriginalThe share of operative leasing in the overall volume went up again in 2009 and that was to…
read moreNRC: Production of electric cars and electric energy for their drive is not ecological in US
November 10, 2009 | 07:38pm CEToriginalEnergy-intensive production is primarily the production of batteries. Operation and production of electric cars will still be more expensive compared to the petrol cars in the year…
read moreAAA Auto posted a profit for second quarter in sequence, net profit reached EUR 900,000 in Q3
November 10, 2009 | 07:26pm CEToriginalRevenues went down by 42% y/y, by 9.6% compared to Q2. The overall sales declined in Q3 but went up in Central Bohemia and Western Slovakia…
read moreGM Europe head Carl-Peter Forster quits
November 10, 2009 | 06:47pm CEToriginalForster belonged to supporters of Opel sale which GM decided to keep eventually. Forster will probably be replaced by…
read moreSkoda Auto initiated serial production of model Superb Combi in Kvasiny
November 10, 2009 | 06:27pm CEToriginalFirst ordered cars will be delivered to customers in late November. Regarding production of Superb Combi in China…
read moreExclusive passenger transport to Prague Airport to be provided by car rental Dvorak with BMW cars
November 10, 2009 | 05:55pm CEToriginalA limousine will pick passengers up in Prague and will deliver them to VIP Terminal and then directly to the airplane. BMW 7 Series cars will be expanded by…
read moreGeneral Motors: Car sales in China to grow by 10% per year even without government support
November 10, 2009 | 05:21pm CEToriginalThe US carmaker expects the market to grow by 10% this year and next year as well. According to GM, in 2010 there will be sold…
read moreSlovakia to provide further support for investment of carmaker Kia Motors
November 10, 2009 | 04:03pm CEToriginalThe support refers to automotive supplier Hyundai Mobis as well. The town of Zilina, where the plant is located, will use the financial resources for…
read moreFiat’s net profit dropped by 95% in Q3
November 10, 2009 | 03:09pm CEToriginalThe company's revenues fell by 16% to EUR 12 billion. Revenues of the automobile division itself declined by...
read moreRenault to grant financial support to Russian carmaker AvtoVAZ
November 10, 2009 | 02:01pm CEToriginalThe French carmaker will support restructuring of AvtoVAZ, which is now trying to avert bankruptcy, by an unspecified sum of money…
read moreGerman carmaker Daimler returned to net profit in Q3 after a loss in Q2
November 10, 2009 | 12:57pm CEToriginalHowever, the net profit dropped by nearly 75% y/y. According to Daimler, the worldwide demand for cars in 2009 will decline by only…
read moreToyota wants to open ecological retailers in Europe, current dealers to undergo audits
November 9, 2009 | 11:54pm CEToriginalThe main aim will be as high savings of energy, water and CO2 reduction as possible. Pilot projects have already started...
read morePrices of cars sold on Czech market slightly fell in October
November 9, 2009 | 11:40pm CEToriginalNew cars became cheaper by 0.1%, prices of used cars have stagnated. However, spare parts and service works went up...
read moreGeneral Meeting of AAA Auto Group removed Antonius Kemp from Board
November 9, 2009 | 11:30pm CEToriginalHis successor has not been decided yet. The reason for his appeal is...
read moreDownturn in revenues of carmaker PSA slowed down in Q3 due to government incentives for sales
November 9, 2009 | 07:14pm CEToriginalPSA’s revenues declined by 7/7% y/y in Q3; the downturn made nearly 25% in Q2. However, the carmaker warned of a drop of market in…
read morePSA to increase production in Slovakia by more than 7% this year and thus to exceed original plan
November 9, 2009 | 06:15pm CEToriginalIn November an exchange in the position of manager of plant in Trnava will occur. Jean Mouro will leave to a different position in the group and will be replaced by…
read moreCarTec Group opened BMW showroom in Liberec, its second one in Czech Rep
November 9, 2009 | 03:48pm CEToriginalInvestment in the new car center reached more than CZK 60 million. Next year, the company will open another showroom in Liberec…
read moreSales of imported used cars in Slovakia down by 20% in Q1-3
November 9, 2009 | 02:56pm CEToriginalThe reason is scrap bonus which boosted up sales of new cars. In the future the ratio of sales of new and used cars is expected to…
read moreToyota Motor introduced Toyota and Lexus cars with electronic service book in Europe
November 9, 2009 | 01:50pm CEToriginalData about maintenance, accessories installation and kilometre count cannot be falsified and so safety and guarantee are increased during sales of used cars…
read moreCzech internet retailer Vivantis started selling tires
November 9, 2009 | 12:20pm CEToriginalIn e-shop VivaPneu.cz customers can find 16,000 items, also cast and steel naves. Regarding the field of logistics and warehouse stock, VivaPneu.cz cooperates with company…
read moreUniCredit Leasing prepared favoured car financing for liberal professions
November 7, 2009 | 12:26pm CEToriginalMembers of the professions do not pay a flat fee, they can choose to calculation with a lower instalment...
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