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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
Car sales in Russia slackened drop to 54% in August
September 10, 2009 | 11:37am CEToriginalThe decline reached 58% in July. For the first eight months, the car demand drop in Russia has knocked the local sale by...
read moreScrap bonus got green light in Czech Rep; the House of Commons outvoted President’s veto
September 10, 2009 | 10:43am CEToriginalExactly 101 members have been voting for the law, which was the minimum of votes needed. If the government launches the scrap bonus, it will be valid to...
read moreCSOB Leasing: Businessmen using short financial leasing
September 9, 2009 | 10:39pm CEToriginalFor a period of approximately one month, the company has closed 41 contracts on its basis in a total cost price of...
read moreMann+Hummel’s turnover to fall by 5% in Czech Rep in 2009, possibly increasing again in 2010
September 9, 2009 | 07:58pm CEToriginalThe company has now enrolled 30 people for the filters’ production in Nova Ves. Constantly enhancing aftermarket and new projects should increase the turnover in 2010 to...
read morePassenger car sales in China rose by 90% in August, by 29% since beginning of year
September 9, 2009 | 04:19pm CEToriginalOverall, it has been sold 8.33 million vehicles for the first eight months. China has therefore kept leading before United States, where the sale reached...
read moreRobertson: BMW sales might return to growth in coming months
September 9, 2009 | 12:50pm CEToriginalFor the whole year, the carmaker is however expecting drop. The sale’s fall of the carmakers BMW and Audi was lower than 10 % in August, namely...
read moreToyota sees revival of global car sales
September 9, 2009 | 11:10am CEToriginalTherefore, the company will employ 800 agency staff in Japan, who will increase the number of employees to more than 2,000. Most of them will join the plant which manufactures...
read moreNew car sales in Britain increased by 6% due to scrap bonus in August
September 8, 2009 | 10:08pm CEToriginalIt was a second growth in two months. Ford Focus became the best selling car in August. It has been followed by another Ford model…
read moreSuzuki to build new plant in India replacing another outdated factory
September 8, 2009 | 08:40pm CEToriginalThe new plant will have production capacity around 250,000 cars per year; the overall capacity of the carmaker in India…
read moreVolkswagen to increase welding and assembly halls’ capacity due to upcoming model Up! in Bratislava
September 8, 2009 | 11:45am CEToriginalThis might increase the plant’s production capacity to 400,000 cars by 2012. Welding shop capacity is going to increase this year already...
read moreFrance to provide scrap bonus next year as well, lower though
September 8, 2009 | 10:58am CEToriginalEcological bonus of EUR 200 to 700 for purchase of environmentally friendly cars will be offered after 2010 as well. Since January 1, 2010, scrap bonuses will be lowered to…
read moreOpel and Chevrolet brands to separate in GM, whatever happens to German carmaker
September 7, 2009 | 11:45pm CEToriginalOpel and Chevrolet have already had in the Czech and Slovak representation of GM separated teams and individual executives. Steffen Raschig went to Russia; his competences have been taken by two managers...
read moreFormer Opel and Chevrolet showroom in Svitavy to be auctioned for second time in October
September 7, 2009 | 11:19pm CEToriginalThe first auction of the sales and service complex was unsuccessful when no prospective buyer has accepted the starting price...
read moreDeripaska: Russian carmaker GAZ has no interest in Opel share
September 7, 2009 | 10:35pm CEToriginalThere were information last week that GM is not going to sell its German division in order to prevent Opel technology falling into the Russian hands. However, GAZ offers...
read moreCitroen offer selected models C3, C3 Picasso, C4 and Berlingo for flat price in September
September 7, 2009 | 08:57pm CEToriginalWhen using leasing, it is possible to receive an additional discount up to CZK 50,000. Citroen has also prepared a special offer for commercial vehicles and new product from PSA Finance...
read moreSkoda Auto plans Fabia’s production slump and dismissals
September 7, 2009 | 03:47pm CEToriginalThe production of car successful in countries with introduced scrap bonus program will be reduced by up to one third. Up to 2,500 jobs are endangered. Sale, revenues and profit this year...
read moreGeneral Motors to restore production in Venezuela after three months
September 7, 2009 | 02:51pm CEToriginalThe government of President Hugo Chavez has agreed that it would sell US dollars to the carmaker in order to have money for foreign suppliers of components...
read moreRenault began offering secondary manufactured spare parts called Motrio for older cars
September 7, 2009 | 12:59pm CEToriginalWhile maintaining the Renault quality standards, the owner of an older car may significant save the service expenses. Renault also offers remanufactured parts...
read moreDaimler and Porsche plan working hours’ reduction this year
September 7, 2009 | 11:22am CEToriginalDaimler plans to proceed to shorter working hours in Q4 again. By the end of the year, Porsche plans to suspend production in its factory in...
read moreCredium increased its market share in all vehicle categories’ financing in H1
September 7, 2009 | 10:14am CEToriginalThe branded financing Fiat Group has helped to that situation. Credium is preparing further cooperation with carmakers on the Czech market...
read moreAutobond expands to further city in Czech Rep
September 6, 2009 | 11:42pm CEToriginalAfter a long-term operation in Prague and Ostrava and last year’s opening of Opel, Chevrolet and Kia showrooms in Karlovy Vary, it will offer one of its existing brands in...
read moreGeneral Motors possibly not to sell German carmaker Opel
September 6, 2009 | 10:25pm CEToriginalGM is therefore intending to prevent the Opel technology falling into the Russian hands. The head of GM Europe did not exclude it, according to him it is also possible that the winner will be...
read moreNorwegian company Hydro Aluminum not to produce car bumpers in Domazlice
September 6, 2009 | 09:35pm CEToriginalThe reason is a bankruptcy of developer of the building, Immo Industry. Hydro is now looking for a new production area in the Czech Republic. It might be clear by the end...
read moreSmith Electric to offer electric vehicles Avia also in Central Europe including Czech Rep
September 6, 2009 | 08:59pm CEToriginalThe light trucks Smith Newton with a range of up to 400 km are intended primarily for city delivery service. Avia is also involved in the development of electric buses...
read moreSeveral carmakers willing to have Bob Dylan’s voice in navigations of their cars
September 5, 2009 | 02:50pm CEToriginalHe would therefore follow the British actor John Cleese, American actress Kim Cattrall, the cartoon character Homer Simpson, but also the Czech actor...
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