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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
Micro-Vett introduced electric car Fiat 500
August 24, 2009 | 07:48pm CEToriginalThis is the first passenger electric car from Micro-Vett, the company has been so far converting utility models only. Price and parameters of the car...
read moreToyota not able to meet demand for hybrids, planning to buy batteries from another entity
August 24, 2009 | 05:19pm CEToriginalThis might be a company Sanyo Electric, which should be taken over by Panasonic. Panasonic has a share in the current battery supplier for Toyota...
read moreImporter of Kia cars into Czech Rep has new PR manager
August 24, 2009 | 02:05pm CEToriginalPatrik Fanc has been replaced by Katerina Vokounova after almost seven years, who has come to Kia Motors Czech from the company…
read moreChrysler’s creditors prosecute former controlling company Daimler
August 24, 2009 | 01:45pm CEToriginalThey blame the German carmaker for taking property fraudulently from Chrysler before its sale to the investment company Cerberus in 2007…
read moreNecessity of grid mounting into utility cars ends in mid-September
August 24, 2009 | 11:45am CEToriginalWhile vans that have already been made with the grid, will have to keep it, additionally mounted partition windows in conversions from passenger cars...
read moreSkoda Yeti after two months of sales in Czech Rep: People awaiting entry-version, no interest in 4x4 drive
August 23, 2009 | 10:24pm CEToriginalThe interest in test runs is great, but orders are still sporadic. The basic version 1.2 TSI (77 kW) has waiting lists at some dealers already...
read moreSchaeffler approached merger with Continental
August 23, 2009 | 06:14pm CEToriginalGerman automotive supplier Schaeffler has agreed to debt refinancing in the amount of EUR 12 billion with...
read moreNew cars not to become cheaper from now on, can become more expensive contrariwise
August 23, 2009 | 05:49pm CEToriginalThe money flow will thus be given by fluctuation of Czech koruna exchange rate. Exceptions can be temporary campaigns in order to…
read moreMacht: Porsche might move to annual sales of 150,000 cars under the wings of Volkswagen
August 23, 2009 | 05:28pm CEToriginalHowever, the carmaker expects car sales fall by up to 30% in the just-finished financial year 2008/2009, therefore to the value of...
read moreAutomotive Lighting to sign up over 100 people in Jihlava due to growing orders
August 21, 2009 | 07:17pm CEToriginalThe company, which is a part of the concern Fiat, dismissed a third of its employees due to crisis. It is signing them up again due to higher demand from carmakers...
read moreTax benefits steeply increased demand for new cars in Greece
August 21, 2009 | 06:43pm CEToriginalSales of new cars went up by 45% in the first half of August. However, on the used car market…
read moreChrysler plans to produce cars of Italian partner Fiat in North America
August 21, 2009 | 10:53am CEToriginalThe first model should be Fiat 500, which Chrysler wants to produce in Mexico. Chrysler considers which other Fiat models should launch the US market...
read moreToyota wants to cease production in joint plant with GM in California
August 21, 2009 | 10:26am CEToriginalA final decision has not been taken yet reputedly; California is trying to persuade Toyota not to shut down the loss-making plant employing 4,500 people. Toyota considers closing the plant in...
read moreHyundai to initiate two-shift operation in Nosovice on September 7
August 20, 2009 | 11:22am CEToriginalThe reason is a planned initiation of serial production of B-segment MPV, which was named Kia Venga. Launching the model on market and its price…
read moreRussia to extend 30% import duty on new cars probably
August 20, 2009 | 10:12am CEToriginalThe measure has had positive impact on Russian automotive segment, according to the government. A decision on extending the duty even after September 1 should be taken…
read moreUS carmaker Ford increases production due to scrappage scheme
August 20, 2009 | 09:51am CEToriginalThe company has increased production plan for Q3 by 10,000 cars to 495,000 cars. Its production should thus raise by 18% y/y. In Q4, Ford expects an increase in production by…
read moreRussia plans on scrap bonus introduction
August 20, 2009 | 09:29am CEToriginalThe system of scrap bonuses could be initiated in January 2010. In exchange for a car minimally 10 years old the government should offer a bonus…
read moreCLFA: Movable asset leasing down by 54.2% in H1, consumer lending by 22%
August 20, 2009 | 08:54am CEToriginalThe number of concluded contracts fell more steeply so an average price of a financed item went up. Specifically, within particular means of financing…
read moreSmaller Russian carmaker IzhAvto proclaimed bankruptcy
August 20, 2009 | 08:34am CEToriginalRoughly 2,000 employees have already agreed to leave the company in exchange for compensation money. The company produces for the carmaker AvtoVAZ but also for…
read moreSaarGummi to invest CZK 100 million in new technology in Czech Rep
August 19, 2009 | 09:22pm CEToriginalAlong with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…
read moreKoenigsegg agreed with GM to purchase carmaker Saab
August 19, 2009 | 10:43am CEToriginalKoenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…
read moreSales of carmaker Volkswagen went up for the third time in sequence in July
August 18, 2009 | 10:27pm CEToriginalThe concern turned profit from strong demand in Germany and China mainly; sales in Europe decreased. Its subsidiary Skoda Auto…
read moreProfit of South Korean carmaker Kia grows faster than of its controlling company Hyundai
August 18, 2009 | 07:49pm CEToriginalThe company’s revenues went up by 11.5% in Q2, its profit quadrupled. During all this year, Kia intends to increase sales to…
read moreAudi to initiate production in its second plant in China in September
August 18, 2009 | 03:23pm CEToriginalIn the plant, which the carmaker built together with its Chinese partner FAW Group, Audi will be producing the models A4L and Q5. Audi’s production capacity in China will thus grow to…
read moreHyundai scrap bonus availed by 300 customers during two weeks
August 18, 2009 | 02:43pm CEToriginalMoreover, the carmaker has increased the quota of stock cars during the offer. Hyundai had all cars without exception ecologically scrapped…
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