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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
AvtoVAZ to dismiss 27% of staff, half of them to retire
October 11, 2009 | 12:54pm CEToriginalHowever, the company plans to re-hire 6,000 employees for the new production line on which it has been cooperating with...
read moreHyundai to produce less than sheduled 160,000 cars in Nosovice this year
October 8, 2009 | 11:54pm CEToriginalIn Q1-3 this year, the plant produced about 70,000 cars. A new model Kia Venga, whose production will start in November, is going to contribute to the overall production by...
read moreFRANKFURT: Volkswagen increased sales by 9.5% in August, Skoda Auto recorded less growth
October 8, 2009 | 11:33pm CEToriginalCzech carmaker reached the highest monthly sales of this year in August. For eight months, however, sales plummeted by...
read moreFord Credit started offering two-year long financial lease, in two versions at once
October 8, 2009 | 10:59pm CEToriginalThe second novelty is additional insurance of all car screens for free within leasing and credit products arranged until…
read moreSales of BMW Group went up for the first time this year
October 8, 2009 | 10:40pm CEToriginalSeptember growth were 0.7%. BMW’s sales declined by 15.7% to 939,000 cars in Q1-3. Over the whole this year, BMW expects…
read moreAutobond to plan growth of sales by 30% in 2009, revenues should grow by 15%
October 8, 2009 | 10:25am CEToriginalThe reason of the expected growth of sales is mainly an expansion of its portfolio of offered brands and entry to new regions. Sales of particular brands makes…
read moreAUTO 2009: Carmakers and suppliers expect Christmas production shut-downs to be longer in 2009
October 8, 2009 | 09:50am CEToriginalPassenger car market will not develop too optimistically in Q1 2010, according to them. Most carmakers will plan shut-downs from…
read moreAUTO 2009: Skoda Fabia facelift: Euro 5 engines, energy recovery, start-stop, introduction in Geneva in 2010
October 7, 2009 | 11:44pm CEToriginalAlso the sports version Fabia RS will come with a facelift, with a petrol engine compared to its predecessor. Fabia will thus move its CO2 emissions under…
read moreCEO of Allianz pojistovna Miroslav Tacl reportedly to have been withdrawn
October 7, 2009 | 11:23pm CEToriginalThe reason should be personnel disagreements among board members. Tacl rejected to comment on anything. He should stay at the head of the insurance company until…
read moreAuto Esa increased sales plan for 2009
October 7, 2009 | 08:12pm CEToriginalSales went up by 18.4% over eight months. AAA Auto has been growing in Prague as well; import of used cars and pre-sale among owners though dropped by tens of percent…
read moreVolume of European movable asset lease down by one third in H1
October 7, 2009 | 07:09pm CEToriginalThe drop was 54% in the Czech Republic. The situation should be stable now after the drop of volume of lease from the beginning of the year. In particular European countries…
read moreAverage CO2 emissions of new Skoda cars slightly up last year
October 7, 2009 | 05:31pm CEToriginalThe increase in CO2 emissions is caused by putting the six-cylinder engine 3.6 FSI (191 kW) into offer. A downturn can be expected in the future due to…
read moreIIR holding a conference on legislation in automotive industry in second half of October
October 7, 2009 | 10:56am CEToriginalSpeakers’ lectures will be concerned with European and Czech legislation, contractual relations with suppliers, legal framework of relations with dealers, block exemption…
read moreSales of new cars up to 3.5 t down by 13.8% to 133,577 cars in Czech Rep in Q1-3
October 7, 2009 | 09:06am CEToriginalAccording to SDA, demand of company clients could be retrieved at the end of the year. SDA estimates the total downturn of sales for this year at…
read moreSkoda Auto without production director for half year
October 6, 2009 | 11:11pm CEToriginalHorst Muhl retired from the post of board member responsible for production at the end of March. His competencies have been temporarily taken by...
read moreTatra to release 530 employees in October, and reduce working week
October 6, 2009 | 10:37pm CEToriginalThe company is therefore responding to the continuing sales declines of trucks on the market. At the end of this year, Tatra plans to employ...
read moreUS consortium Crown interested in manufacturer of passenger cars Volvo Car
October 6, 2009 | 10:03pm CEToriginalThis is the second candidate after the Chinese carmaker Geely. Crown has reportedly secured the financing, at the head of the consortium there are former chiefs of American carmakers...
read moreKia Motors to build new factory producing engines in Slovakia
October 5, 2009 | 11:08pm CEToriginalThe next engine plant is also needed to maintain a synergy with the Czech Hyundai plant in Nosovice, which will supply the Kia Motors Slovakia with transmissions from the new operation...
read moreFaurecia to invest EUR 5 million in French plant in Audincourt
October 5, 2009 | 10:34pm CEToriginalThe investment is coming after the company has freed place in the plant by transferring a part of dashboard production in the Czech Republic…
read moreFRANKFURT: Investor Wilbur Ross to acquire another automotive supplier this year
October 5, 2009 | 10:12pm CEToriginalHis company IAC completed the acquisition of the company Stankiewicz in July. If carmakers were dependent on fewer suppliers, they would be able to…
read moreCar sales up due to scrap bonus in Italy, France and Spain in September
October 5, 2009 | 09:09pm CEToriginalSeptember growth of sales in these countries ranged between 5 and 20%. Basic or small models have a share in the overall car sales in France…
read moreAAA Auto: People mostly buy black and silver used cars
October 5, 2009 | 08:39pm CEToriginalGrey or light blue come after. Demand for the fashionable white colour has not arrived at used car shops yet. As for non-metallic paints, the most favourite are…
read moreHydro obtained order from Audi for delivery of aluminum bumpers for upcoming model
October 4, 2009 | 10:51pm CEToriginalThe half-finished products will be manufactured in Norway. Assembling should proceed in a newly built plant in the Czech Republic then where problem have appeared now…
read moreSkoda Auto in Ukraine to switches from assembling to production subsequently
October 4, 2009 | 09:57pm CEToriginalIts Ukrainian partner Eurocar is building a welding shop and a paint line. The amount of the investment, production capacity after extension of the plant, providers of technologies are…
read moreAfter German company Kogel Fahrzeugwerke, its Czech plant in Chocen also insolvent
October 4, 2009 | 09:07pm CEToriginalKogel planned an expansion of Chocen-based plant still last year. However, the overall market for freight trailers has decreased by 90% in the past 12 months. At present, the company owes...
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