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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
Rich people prefer to enter luxury car club instead of purchasing exclusive car these days
September 5, 2009 | 01:56pm CEToriginalThey thus save up for buying new cars, their alternation, service and other functional things. The Australian club Supercar…
read moreIpsos/Direct: Rate of driving fuel consumption among most important factors when purchasing new car
September 5, 2009 | 01:15pm CEToriginalEconomic situation forces Czechs to drive more economically, to which the style of driving contributes as well. To forego wasted expenses for operation and services, they try to...
read moreCar sales in USA rose in August, first time since October 2007
September 5, 2009 | 12:22pm CEToriginalAsian carmakers and Ford profited from the growth the most due to their efficient models. In September and the following months, analysts and carmakers expect...
read moreQatar already acquired shares in Porsche SE and Volkswagen
September 4, 2009 | 06:15pm CEToriginalRights for a purchase of 6.96% of the Volkswagen shares are owned by one of Qatar's financial advisors in this transaction, Swiss company...
read moreHyundai's Nosovice-based plant shut down employment office in Ostrava along with initiating second shift
September 4, 2009 | 05:52pm CEToriginalThe office could be restored before recruitment of workers for a third shift in 2011 which should begin with 3,400 employees. Currently, the carmaker employs…
read morePassenger car sales in France and Spain boosted up by scrap bonuses in August
September 4, 2009 | 05:20pm CEToriginalCar sales went up by 7% y/y in France in August; after previous 16-month drops in a row the sales in Spain…
read moreDirect Pojistovna wants to increase number of clients more than fivefold in Czech Rep by 2013
September 4, 2009 | 01:12pm CEToriginalThe insurance company wants to achieve it by natural growth and extension of offer of other products. The expansion will proceed in non-life insurance exclusively though…
read moreGeneral Motors seeks help for Opel also from governments of Spain, Britain and Poland
September 4, 2009 | 11:28am CEToriginalSo far, the German government has been the only one to offer a loan to the new owner. Comprehensive support from these three states should reach the volume...
read moreCar sales in Japan returned to growth after 13 months in August
September 4, 2009 | 10:47am CEToriginalThe growth in August reached 2.3%; total of 198,265 cars were sold. Whereas Toyota and Honda increased sales in August, Nissan’s sales went down by…
read morePassenger car registrations in Czech Rep still slightly growing, other categories noting marked fall
September 4, 2009 | 09:44am CEToriginalSales of new passenger cars went up by 16.3% in August; sales of light commercial vehicles dropped by 76.6%. In total, considering vehicles up to 3.5 t…
read moreGeneral Motors further expands in China, now in production of commercial vehicles
September 3, 2009 | 08:00pm CEToriginalGM will set up a joint venture with a local carmaker FAW, which is going to integrate two existing FAW plants and one newly built. Moreover, GM is interested in a share in other joint venture...
read moreHonda to develop electric car, introducing it on US market first
September 3, 2009 | 06:23pm CEToriginalIt will be a small car, whose prototype might be introduced during this year. However, Honda plans to introduce it o the market in...
read moreEmployees of Volkswagen Group want minority share in company
September 3, 2009 | 05:26pm CEToriginalTrade unions of the carmakers Volkswagen and Porsche, which will become parts of one group according to an agreement concluded in August, would put up with a share…
read moreCzech company Ydun developed lead-free starter battery first off in the world
September 3, 2009 | 04:10pm CEToriginalThe battery meets all requirements of the EU directive from 2006 to which they have had an exception so far. The company wants to offer the product worldwide, and will launch it into market…
read moreProduction of model Hyundai i20 for European market to take place in Turkey as of May 2010
September 3, 2009 | 03:01pm CEToriginalEarlier, the Czech Republic or Slovakia were being considered as well. However, only some versions will be manufactured in the Izmit-based plant; the carmaker will invest there…
read moreCeska pojistovna initiated campaign for acquiring lost damage liability clients
September 3, 2009 | 02:09pm CEToriginalThe insurance company will address 15,000 former customers, who changed the insurance company, within the pilot project. The campaign for automotive insurance will be introduced by other insurance companies in autumn as well…
read moreNew car sales in Germany jumped by 28% in August
September 2, 2009 | 10:09pm CEToriginalScrap bonus helped the situation, but financial means for it have been exhausted today. State premium helped the Czech carmakers as well; Skoda Auto is now handling orders from...
read moreRHJ International has increased offer for Opel share
September 2, 2009 | 06:45pm CEToriginalBelgian investment company now offers EUR 300 million in cash instead of the original EUR 275 million for 50.1% share in Opel. At the same time, it reduced the guarantee demand...
read morePeugeot 207 facelift: Lower prices, competition for Peugeot 908 ride, navigation for the first 500 customers
September 2, 2009 | 05:16pm CEToriginalThe carmaker has prepared also other hot offers for passenger and commercial vehicles in September, including the combination with service and finance...
read moreChina to reduce car parts’ import duties
September 2, 2009 | 03:16pm CEToriginalThe cancellation of increased duties will not reportedly contribute to the boosting of the car part import to China, but there would be an easier way to get on the Chinese market for components for...
read moreProduction of Japanese carmakers continued to decline in July
September 2, 2009 | 01:23pm CEToriginalProduction of Toyota Motor fell by about 20% y/y, Honda Motor’s by almost 25%. Nissan Motor was doing the best...
read moreLisi Automotive to centralize production in Czech Rep to one location
September 1, 2009 | 11:07pm CEToriginalThe company therefore aims to save on transportation and administration. Lisi Automotive Form will build a new production hall in the current area in Cejc near Hodonin using investments...
read moreToyota to cease production in joint factory with General Motors in USA
September 1, 2009 | 10:21pm CEToriginalProduction of models Corolla and Tacoma will be folded in Fremont, California in March 2010 and is about to move to...
read moreRenault and Dacia offering advantages for most of models in September
September 1, 2009 | 09:36pm CEToriginalThe most significant discounts are provided within financing through the Renault Finance and Dacia Finance, at each model...
read moreNumber of voices not to support scrap bonus at September meeting coming from ODS
September 1, 2009 | 01:53pm CEToriginalCSSD now expects that ODS will help them vote the President’s veto down. To the bill which introduces not only the scrappage scheme, they object…
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