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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
FRANKFURT: Newcomers from Volkswagen for 2010, 2011 and onwards
October 20, 2009 | 11:21pm CEToriginalTouran facelift, all-new Sharan/Alhambra, all-new Touareg, all-new Passat but electric cars and hybrids as well…
read moreHyundai in Czech Rep restored its own scrap bonus after three months
October 20, 2009 | 02:09pm CEToriginalHowever, the scrap bonus is now applied to the model line i30 only. Basic price of Hyundai i30 has got under CZK 240,000 after the scrap bonus deduction…
read moreFRANKFURT: Robertson: Mini Cross to be introduced in early 2010
October 19, 2009 | 11:14pm CEToriginalMini’s offensive will go on with the models Coupe and Roadster. The overall sales of Mini slightly declined in 2009 compared to the record year 2008…
read moreAutomotive supplier Robert Bosch postponing its plans for expansion in Russia by two years
October 19, 2009 | 08:20pm CEToriginalThe reason is a marked downturn of local market and a strong connection of local producers as well. Bosch plans to produce components for…
read moreRenault and Dacia continue in a number of discounts in October including spare parts and tires
October 19, 2009 | 07:24pm CEToriginalToday, a winter service action was introduced in the dealer network during which customers receives an inspection of their car before the winter for CZK 98 or an extended inspection for…
read moreBritain to increase sum for scrap bonuses by one third supporting sales of 100,000 more cars
October 19, 2009 | 06:33pm CEToriginalHowever production declined in Britain, a share of manufactured cars intended for local market was the highest over the last…
read moreVolkswagen agreed on salary increase by 4.2% with employees in Western Germany
October 19, 2009 | 05:47pm CEToriginalAlso extra bonuses related to the carmaker’s performance are a part of the agreement; they could reach up to…
read moreSeat offering special bonuses for models Ibiza, Leon, Altea and Altea XL by end of year
October 19, 2009 | 04:52pm CEToriginalThe price bonuses according to a model and specification come to CZK 15,000 up to CZK 65,000. The action model Ibiza 25 remains in the offer…
read moreCar sales in China to grow by 35% this year and to get ahead of US market
October 19, 2009 | 04:20pm CEToriginalSales in China were pulled by government bonuses this year which could continue next year, too. A decision on extending the bonuses will be announced by the government…
read moreAUTO 2009: Skoda Auto: World car market to go down by 9% this year, by 15% in Europe
October 18, 2009 | 08:51pm CEToriginalA downturn by 6.5% will occur in Western Europe whereas the market in CEE will decline by 47%. Regarding the main emerging markets…
read morePRAGUE MOTOR SHOW: Javurek (SDA, Volkswagen): Waiting for scrap bonus declines car sales in Czech Rep by up to 20%
October 18, 2009 | 07:59pm CEToriginalSales of new passenger cars and LCVs went down by 13.8% in Q1-3. A number of people are waiting for scrappage scheme whose introduction has been unsure in the meantime…
read moreSales of passenger cars in Europe up by 6.3% in September, down by 6.6% in Q1-3
October 18, 2009 | 04:52pm CEToriginalThe results were boosted up by scrap bonuses. The European Central Bank alerts the scrap bonuses will give a boost to automotive industry temporarily only and can delay…
read moreTata to merge two plants of British carmaker Jaguar Land Rover
October 18, 2009 | 03:55pm CEToriginalThe decision on which of the plants in Solihull or Birmingham will be closed should be taken next year. Production of the new model Range Rover LRX…
read moreSkoda Auto to probably succeed in producing planned 20,000 Yeti cars this year
October 18, 2009 | 03:29pm CEToriginalCurrent orders which do not cover the entry-version of Yeti yet suggest that. The entry-version has now started being sold; the basic price of Yeti in the Czech Republic has thus dropped by CZK 90,000 to…
read moreVolkswagen expecting stagnation of automotive market next year
October 18, 2009 | 02:57pm CEToriginalCurrently, the third largest carmaker intends to overtake its competitors Toyota Motor and General Motors behind which it falls by…
read moreGeneral Motors and Penske negotiations on Saturn sale collapsed, production to be stopped
October 18, 2009 | 02:25pm CEToriginalPenske has negotiated with the French carmaker Renault on the supplies of cars, car parts and technologies for Saturn, but...
read moreHonda reduced list prices of models Jazz and Civic
October 18, 2009 | 01:59pm CEToriginalJazz has therefore got to the basic price below CZK 300,000, Civic below CZK 400,000. At the same time, Honda introduced new special offers...
read moreAAA Auto entrusted advertising agency RobertNemec.com with controlling its PPC campaign
October 18, 2009 | 01:12pm CEToriginalUsed car dealer expects from the new cooperation that internet advertising become more effective and cheaper. AAA Auto spend annually for the advertising...
read moreGref: Sberbank might sell stake in Opel to Russian state bank VEB
October 18, 2009 | 12:38pm CEToriginalHowever, Sberbank prefers an industrial partner. Anyway, the bank has the right to sell stake in Opel without consulting with other shareholders...
read moreNews and special offers by SkoFIN: Operative leasing on-line, APR 0%, GAP insurance free of charge, winter tires for Skoda cars in addition
October 17, 2009 | 08:23pm CEToriginalThe special offer Winter Tires for model Fabia along with availing of a lease or a credit includes advantageous interest running with APR under the limit of…
read moreCrisis caused wage reduction of 20% of managers in Germany, in automotive 50%
October 17, 2009 | 07:29pm CEToriginalWages in the automotive industry are still the highest across the sectors, the average annual income without remuneration reaches...
read moreLeasePlan showed a profit of EUR 61 million in H1
October 17, 2009 | 06:28pm CEToriginalThe results were very negatively affected by a drop of selling prices of finished car leases. The value of portfolio and the number of cars administered…
read moreRussia to provide RUB 10 billion for scrap bonus and thus support sales of 200,000 cars
October 17, 2009 | 05:48pm CEToriginalThe government bonus would apply to new cars assembled in Russia. However, there is infrastructure for ecological disposal of car wrecks missing in the country…
read moreGoldmad Sachs to invest USD 334 million in Chinese carmaker Geely
October 16, 2009 | 08:30pm CEToriginalThe Chinese company will use money acquired by the bonds‘ issue convertible into shares to finance capital expenditures and possible acquisitions. Goldman Sachs might have in Geely a share of…
read moreAudi extended partnership with Karlovy Vary film festival for next year
October 16, 2009 | 06:03pm CEToriginalNearly 60 cars will be again available to the organizers and VIP guests of the 45th year. Audi is also going to introduce its new generation of limousine...
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