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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
EXPECTED DEVELOPMENT IN AUTOMOTIVE: Jahn: Car production in Czech Rep to stagnate in 2009, maybe to grow slightly
November 2, 2009 | 08:14pm CEToriginalThe reason of lowering the outlook will mainly be lower production of carmaker Hyundai in Nosovice. In separate automotive segments…
read moreGerman dealers luring Czech customers in borderland to buy a car or service
November 2, 2009 | 07:38pm CEToriginalThey are luring them by ecological price allowance, seven-year warranty or service inspections free of charge. The dealers are for instance…
read moreFisker: After large sedan Karma and coupe-cabriolet Karma Sunset family sedan Nina to arrive in 2012
November 2, 2009 | 05:52pm CEToriginalProduction of this affordable plug-in hybrid will be carried out in GM’s former plant. Annual production and the price of the small sedan will be…
read morePPG Industries: The most favourite car paint remains silver
November 2, 2009 | 05:02pm CEToriginalSilver cars have been taking a share in the overall number of cars of 25% in the US, 34% in the Asia-Pacific region. Their share in Europe is…
read moreLoss of Russian carmaker AvtoVAZ multiplied ten times in H1
November 2, 2009 | 04:14pm CEToriginalRevenues of the company, in which Renault holds a 25% share, dropped by 46.1%. The company is on the edge of bankruptcy, according to the Russian audit chamber…
read moreUniqa offering assistance service to damage liability free of charge by end of 2009
November 2, 2009 | 03:41pm CEToriginalMoreover, Uniqa will double no-claims bonus over the last two years and will automatically count it in the same amount for accident insurance as well…
read moreTatra agreed on cooperation with US producer or army vehicles Navistar Defense
November 2, 2009 | 03:17pm CEToriginalBoth companies will develop and manufacture a new line of off-road trucks. The cooperation will allow Tatra to establish itself not only in the US…
read moreIHS Global Insight: Car sales in US to return to level of 2000 in six years
November 2, 2009 | 02:56pm CEToriginalGM is expected to be outrun by both Ford and Toyota in sales in the US by 2015. Chrysler will also be losing a share in the local market and is expected to be caught up by…
read moreSubaru Legacy/Outback: Fifth generation on Czech market from CZK 680,000
November 2, 2009 | 01:50pm CEToriginalPrices of the sedan and station wagon have not changed almost. Outback is though cheaper by 5 to 8%. An innovation is the transmission Lineartronic…
read moreFord extended current special offers by end of this year
November 2, 2009 | 01:12pm CEToriginalAt the same time Ford has added new special equipments. The action programs remain within commercial vehicles as well…
read moreSkoFIN offer reduced interest when purchasing Volkswagen, Audi and Seat cars on credit in autumn
November 1, 2009 | 08:35pm CEToriginalIt ranges from 0% to 8.9%. Zero loan increase may be obtained, for example, in such cases...
read moreCSOB Pojistovna to increase basic rate of damage liability by 5% for 2010
November 1, 2009 | 07:05pm CEToriginalHowever, most clients will pay for the damage liability less due to bonuses for driving without accidents and other discounts. Insurance may fall to...
read moreSkoda Auto not to produce models Fabia and Roomster for three days before Christmas
October 30, 2009 | 08:51pm CEToriginalAt the same time engines will not be produced from December 21 until December 23. On the contrary, production of model Octavia slightly grew…
read moreMAN agreed to cooperate with Chinese truck manufacturer Sinotruk
October 30, 2009 | 08:38pm CEToriginalUnder the agreement, MAN will provide the Chinese company a license for engines, chassis, axles and other technologies. At the same time, MAN will obtain a share in Sinotruk...
read moreGeneral Motors to introduce up to 30 new or innovated models in China by 2014
October 30, 2009 | 06:45pm CEToriginalThe carmaker’s sales in the country are rapidly growing—by 55.6% in Q1-3. Over the whole year GM expects a growth of sales by…
read moreCar sales in Russia down by more than 50% in September again
October 30, 2009 | 06:16pm CEToriginalSales went down by 51% to 1.11 million cars in Q1-3. In the same period sales of Czech carmaker Skoda Auto declined by…
read moreSkoda Auto’s net profit down by 67.5% along with downturn of revenues by 13% in Q1-3
October 29, 2009 | 09:23pm CEToriginalSales dropped by 5% but went up by 6.5% in Q3 alone. Production declined by 22.4% but on the grounds of a license in China further…
read moreAuto Esa started offering used cars through video advertisements and 3D presentations as well
October 29, 2009 | 08:40pm CEToriginalAn engine sound can be heard in the video advertisement which is ended with an offer of financing and special offers. Regarding the 3D presentations, Auto Esa is cooperating with…
read moreEC proposed to lower emissions of delivery vans by 14% by 2016
October 29, 2009 | 05:52pm CEToriginalBy 2020 average emission of new delivery vans should go down to 135 g/km. Current delivery vans in EU emit on average…
read moreFord chose Chinese company Geely for negotiation on selling carmaker Volvo Car
October 29, 2009 | 12:07pm CEToriginalOther applicants for Volvo were US syndicate Crown and Chinese company BAIC. The selling price could reach…
read moreScholz: Skoda to introduce new products exclusively in large-volume segments A and MPV
October 28, 2009 | 10:28pm CEToriginalMini car VW/Skoda/Seat Up! is going to have a basic price below EUR 9,000. Octavia Tour will be replaced a car with a similar size, MPV bigger than Roomster...
read moreGeneral Motors launched two Opel models’ production in Russia
October 28, 2009 | 08:29pm CEToriginalIn the assembly plant Avtotor in Kaliningrad, Astra and Zafira models’ production has started, with a planned annual production of...
read moreSales of passenger cars in Britain up in September
October 28, 2009 | 07:37pm CEToriginalSales in Britain grew for the third month in a row already. Expanding the scrap bonus program can also help hold the demand in the end of this year...
read moreDaimler agreed with Kamaz on production and sales of Mercedes-Benz trucks in Russia
October 28, 2009 | 06:40pm CEToriginalTherefore, it is further deepening of cooperation after a similar step made by brand Mitsubishi Fuso. The new joint venture should also sell…
read moreEmployees of carmaker Porsche to receive lower bonuses over previous financial year
October 28, 2009 | 05:58pm CEToriginalThe carmaker’s employees received EUR 3,800 per person over the financial year 2007/2008 whereas over the year 2008/2009 the bonus will be…
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