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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
Sales of passenger cars and light commercial vehicles in US dropped by 23% in September
October 28, 2009 | 04:43pm CEToriginalThe reason is an end of scrappage scheme. Local carmakers registered a downturn in sales while Hyundai registered a growth by 27%. Q4 looks…
read moreGeneral Motors abandoned its effort to sell cars through eBay
October 28, 2009 | 04:20pm CEToriginalThe carmaker wanted to back up sales of its cars by means through the Internet but…
read moreAUTO 2009: Skoda Auto working on Euro 6 emission norm, wants to get CO2 under 90 g/km for model Fabia
October 26, 2009 | 11:37pm CEToriginalCzech carmaker is also working on new types of cooling media for air-conditioning systems which should enter the market in…
read moreBrose not to build new plant in Trutnov, production to proceed in rented facility
October 26, 2009 | 10:36pm CEToriginalThe reason is economic crisis. Lots of 60,000 m2 in industrial zone Krkonosska reserved for Brose are now available…
read moreVolkswagen increased sales by 11.9% in September, Skoda Auto by 17% though
October 26, 2009 | 09:56pm CEToriginalThere were 4.76 million cars from Volkswagen Group’s production delivered to customers in Q1-3, which represents a downturn by 0.5% y/y. Skoda Auto…
read moreGeneral Motors postponed Opel sale’s agreement signing to November
October 26, 2009 | 09:13pm CEToriginalThe market had expected the agreement signing just last week. The amended contract and the new circumstances have to be negotiated by the GM’s managing board at the meeting scheduled on...
read moreVolkswagen offers to rescue cabriolet manufacturer Karmann from bankruptcy
October 26, 2009 | 08:41pm CEToriginalKarmann has been under protection against creditors since April. Ideas of both companies of the price are though too different. Nevertheless, Karmann is pushed by time…
read moreCompanies to move from diesel motorizations to petrol ones
October 26, 2009 | 08:15pm CEToriginalThe difference in fuel consumption has declined more than in basic price. Another problem of diesel engines is diesel particulate filters (DPF)…
read moreMost of dismissed employees of Tatra to return to company next year
October 26, 2009 | 07:31pm CEToriginalAt the same time Tatra will introduce a four-day work week from November. Immediate leave by agreement is offset by compensation money…
read moreJan Krob to be CSOB Leasing sales head as of January 2010
October 26, 2009 | 06:59pm CEToriginalKrob comes to the leasing company from the parent CSOB. He replaced Radan Santora who...
read moreSpanish trade unions agreed with Magna to reduce number of redundancies in local Opel plant
October 26, 2009 | 04:49pm CEToriginalThose should be not more than 900. Magna also promised not to make any significant changes in the factory Figueruelas untill...
read moreVVA 2009: Swell holding workshop on cars framework in Hradec Kralove on November 5
October 26, 2009 | 03:48pm CEToriginalThe event is called The Alternative Approaches in Car Framework. Experience with particular projects and news in the field of car construction will be presented by…
read moreSkoda Auto to reduce production of model Fabia from January, employees to help in Kvasiny
October 26, 2009 | 02:51pm CEToriginalThe carmaker agreed with trade unions on introducing time account of work time as well. Demand for the model Fabia could rise in Q2 again…
read moreNissan to also produce cars in plant of carmaker AvtoVAZ in Russia
October 25, 2009 | 09:47pm CEToriginalBoth carmakers together with Renault, which holds a 25% share in AvtoVAZ, are also considering a joint venture which would produce…
read moreFall in world’s production of Japanese carmakers moderated in August
October 25, 2009 | 08:30pm CEToriginalWhile carmakers Toyota, Honda and Nissan had a record production in China and therefore the impact of a bad situation on other markets in the world had partially balanced...
read moreFord to build another plant in China, sales growing by tens of per cent there
October 23, 2009 | 04:19pm CEToriginalIt will be Ford’s third plant in China in which the carmaker will invest USD 490 million. The new plant will be built within a joint venture…
read moreProduction of cars and LCVs in Czech Rep dropped by 4.5% in Q1-3
October 22, 2009 | 09:19pm CEToriginalSkoda Auto decreased production by 22.3%, Tatra by 63.2%, Avia by 53.6%. Production of TPCA stagnated. Hyundai produced…
read moreAlcar introduced cast wheels’ offer for winter within traditional action Elegance even in winter
October 22, 2009 | 03:36pm CEToriginalFor this year, the offer contains eight designs of cast wheels. At the same time, the company has reduced prices compared to those in spring by up to...
read moreKia holding service action in Czech Rep before winter season
October 22, 2009 | 02:26pm CEToriginalThe Kia Service Days will be held until mid-November. A discount of 25% is prepared for clients interested in buying winter tires. The price of the service inspection is...
read moreVolkswagen to buy a 49.9% share of Porsche AG instead of 42% planned originally
October 22, 2009 | 01:32pm CEToriginalVolkwagen also continues in planned cooperation with Porsche—delivering about one third of components for Porsche cars and wants to widen the cooperation further on…
read moreOpel’s cash could reportedly run short by mid-January
October 22, 2009 | 12:49pm CEToriginalAccording to General Motors CEO Fritz Henderson, a final agreement on selling Opel will be signed…
read morePrices of cars sold on Czech market are now stagnating
October 21, 2009 | 09:38pm CEToriginalIn September, used cars and motorcycles became slightly cheaper, spare parts had better results. On the contrary, servicing works...
read moreKia has introduced its own scrap bonus amounting to CZK 30,000 in Czech Rep
October 21, 2009 | 08:53pm CEToriginalSpecial offer is valid till the end of November and applies to stock cars of selected models...
read moreFiat in Czech Rep and Slovakia still without Bohumil Preucil’s successor
October 21, 2009 | 07:51pm CEToriginalPreucil had worked for Fiat since the creation of the Czech and Slovak representation in 1992. His successor is still wanted, the position is temporarily...
read moreAUTO 2009: Most important segments remain A0 and A worldwide; A00 to strengthen
October 20, 2009 | 11:50pm CEToriginalIn Western Europe, only classes A0 and A00 are going to rise this year, there will be a decrease in all segments in CEE. In future, Skoda Auto aims to focus on segments...
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