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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
Avia plans to enter light commercial vehicles’ segment weighing from 1.5 to 6 tons
September 17, 2009 | 11:15pm CEToriginalIt is now manufacturing trucks from 6 to 12 tons. Although the economic crisis is now putting the intention off, Avia seeks a partner for this project...
read moreSrba Servis became authorized Seat dealer
September 17, 2009 | 10:47pm CEToriginalThe company has extended its portfolio of offered brands including Saab, Opel, Chevrolet, Fiat, Alfa Romeo and Volvo. New Seat showroom has been opened by Srba Servis in...
read moreSAP: Revenues of carmakers and suppliers to decrease by 5% to 10% in Czech Rep in 2009
September 17, 2009 | 05:36pm CEToriginalCompanies in the automotive industry have released 15% of employees for the last year’s time. They are now calling for the scrap bonus introduction, which might be even on commercial vehicles…
read moreHyundai/Kia to enrol more staff than originally planned in Korea in H2
September 17, 2009 | 04:03pm CEToriginalIt will be 3,300 people, which is compared to the original plans by one-third more. Most of the new employees should work on research and development...
read moreChrysler ended alliance with Hyundai and Mitsubishi for engines’ production in USA
September 17, 2009 | 02:43pm CEToriginalUS carmaker has therefore cancelled another partnership after the Italian carmaker Fiat has acquired its 20% stake. Carmakers Hyundai and Mitsubishi sold their shares...
read moreSales of passenger cars and light commercial vehicles in Slovakia rose by 5% in August
September 17, 2009 | 12:29pm CEToriginalFor the first eight months, sales rose by 3.5% y/y. Brands performing the best were...
read moreCooperation of Credium and Fiat Group in car financing field spread to Slovakia
September 16, 2009 | 10:33pm CEToriginalThe exclusive cooperation has been running in the Czech Republic since 2007. Financing of vehicles Fiat, Alfa Romeo and Lancia is successful on the Czech market; penetration reaches...
read moreFrankfurt Motor Show to offer 82 world’s premieres from September 17 to September 27
September 15, 2009 | 10:59am CEToriginalThe largest autumn’s motor show will offer exposures of 753 exhibitors, including 62 carmakers from 30 countries. The event will focus on...
read moreAuTec gradually transforming to Invelt, Pavel Bastar took leading in August
September 14, 2009 | 10:18pm CEToriginalThe company has already ceased the sale of Nissan cars and closed a BMW showroom in Letna, Prague 7. Rebranding will be completed in...
read moreSkoda prepares new car, placing among models Fabia and Octavia
September 14, 2009 | 09:52pm CEToriginalAt the same time, this newcomer should replace Octavia Tour, whose production is about to expire at the end of 2010. The new car will be manufactured in...
read moreNew Louwman’s Lexus centre in Prague is temporary solution, company to build showroom from scratch
September 14, 2009 | 09:26pm CEToriginalThe current showroom in Prague 5 - Smichov is an adaptation of the existing building and its capacity would not be suitable in future. Louwman is now choosing...
read moreHyundai prepares expansion of transmission production in Nosovice
September 14, 2009 | 07:35pm CEToriginalThe second hall of the transmission operation will have the same capacity as the existing one. This action will require a large part of the planned investment for the next two years...
read moreMini Coupe and one other model to be produced in UK, SUV called Mini Cross coming to market from Austria
September 14, 2009 | 07:06pm CEToriginalPreviously, there were speculations concerning other names for the new SUV, such as Colorado, Monte or Crossman. Mini Coupe and Mini Cross will get engine…
read moreManagement of leasing company SkoFIN slimmed in summer
September 14, 2009 | 06:17pm CEToriginalStefan Rasche and Jirina Tapsikova, who took over competences of Oliver Schmitt, have remained in the company’s management. Schmitt left abroad to the company...
read moreMann+Hummel expects further expansion of its plant in Czech Rep
September 14, 2009 | 05:50pm CEToriginalConstantly strengthening aftermarket and original spare parts segment as well as new orders from carmakers will quickly fill the production capacity of plant...
read moreCredium became next partner in field of Kia dealer network wholesale financing in Czech Rep
September 14, 2009 | 04:56pm CEToriginalThe company has already won the first client, namely one Central-Bohemian dealer. In the near future, Credium will start cooperation with...
read moreLexus began to offer branded financing of its cars in Czech Rep
September 14, 2009 | 02:17pm CEToriginalUnder the trade mark Lexus Financial Services, there are being offered all the traditional products. Financing will be ensured the company...
read moreChinese carmaker BAIC to enter Koenigsegg, helping with Saab’s takeover
September 14, 2009 | 01:49pm CEToriginalBAIC is going to acquire a minority stake in Koenigsegg. Koenigsegg should be helped with the financing of Saab’s acquisition by other Chinese carmaker...
read moreMinistry of Defence purchased further 25 vehicles for CZK 100 million from Tatra
September 14, 2009 | 01:17pm CEToriginalIt is a delivery of vehicles outside the initially concluded contract from 2006 including 556 cars for CZK 2.6 billion. Moreover, Tatra gave a few cars for free to the Army...
read moreAvia to offer branded finance Avia Financing in cooperation with UniCredit Leasing
September 13, 2009 | 09:11pm CEToriginalDealers have been negotiating the cooperation with financial partners individually so far. Avia will offer the branded financing on all markets covered, but...
read moreLouwman began to sell Lexus cars in Czech Rep, opening showroom in Prague 5
September 13, 2009 | 08:31pm CEToriginalThe new Lexus centre was established by a rebuilding of former Toyota showroom, when the sale of that brand has been moved to…
read moreGeneral Motors to sell majority share in Opel to consortium Magna/Sberbank
September 11, 2009 | 09:48am CEToriginalMagna and Sberbank will acquire a 55% share, Opel employees 10% share and 35% will remain to GM. Magna foresees a strong growth of Opel, especially in...
read moreHyundai to start building its third factory in China in early 2010
September 10, 2009 | 04:27pm CEToriginalHyundai has an annual production capacity of 600,000 cars in China at present, planning to sell 500,000 cars there this year. The new plant will increase capacity to...
read moreCars sold on Czech market became after a month cheaper again in August
September 10, 2009 | 03:40pm CEToriginalIn July, there has been a only year's growth in car prices. In August, new cars’ prices as well as used cars’ prices fell in the m/m comparison. Motorcycles, servicing and spare parts...
read moreChinese carmaker Geely interested in takeover of passenger cars manufacturer Volvo Car
September 10, 2009 | 12:10pm CEToriginalHowever, it is clear from the statement of the Geely Automotive CEO that Ford is not offering to sell Volvo now...
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Source: ECB, September 20, 2024