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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
Former Toyota dealer Dajbych became Kia dealer
August 12, 2009 | 09:56pm CEToriginalAt the same time, the company Car Trade Pilsen ceased Kia car sale in Plzen. At present, the company offers its showroom for rent...
read moreAuto Kapl became new Hyundai dealer, opening showroom in Pisek
August 12, 2009 | 08:43pm CEToriginalThe company will in the newly built sales and service complex with two showrooms sell also cars of the brand...
read moreSkoFIN's total volume of business fell by 41 % in H1; rise is in loan financing
August 12, 2009 | 08:03pm CEToriginalTaking only the financing of used cars, the number of concluded contracts and the volume of business decreased in H1 by...
read moreToyota expanded Czech dealer network for new partner
August 12, 2009 | 07:16pm CEToriginalToyota has 12 authorized dealers with 22 showrooms in the Czech Republic at present. A new showroom has been opened in July by a company...
read moreGeneral Motors and eBay testing online car sale in California
August 12, 2009 | 06:35pm CEToriginalIf the pilot operation is effective, companies will launch the car sale via Internet throughout the United States. Initially, in the GM’s e-shop offer there will be...
read moreGerman car wrecks fit for scrapping apparently end in Eastern Europe and Africa
August 12, 2009 | 04:49pm CEToriginalAccording to the German criminologists, 5 to 10% of cars that should be scrapped had been illegally sold abroad. Resellers might therefore come to...
read moreAuto Esa prolonged action Car for school report till the end of August
August 11, 2009 | 05:53pm CEToriginalWhen using the financing (loan or lease) the customer will moreover get a gift in the form of satellite navigation, and newly also...
read moreNew car sales in Slovakia increased by 20.1% in July
August 11, 2009 | 05:13pm CEToriginalSale is still promoted by the scrap bonus. Cumulatively, the sale of cars up to 3.5 tonnes has since the beginning of the year increased y/y for the first time in 2009, namely by...
read moreCPP prescribed premium in vehicle insurance rose by 17.4% in H1
August 11, 2009 | 04:20pm CEToriginalCPP strengthened third position on the damage liability market by increasing the number of insured vehicles to…
read moreStaff of Russian carmaker Avtovaz called for company’s nationalization
August 11, 2009 | 03:11pm CEToriginalThe company plans to reduce working hours to 20 per week from September and monthly wages of the employees are therefore going to fall by...
read moreCar sales in Britain rose in July for the first time in 15 months
August 11, 2009 | 02:35pm CEToriginalThe reason of this development is the introduction of scrap bonus. However, for the first seven months of this year sales declined by...
read moreImporters in countries with scrap bonus established buy up cars from other importers in Europe including Czech Rep
August 11, 2009 | 01:24pm CEToriginalIt refers to Germany in the first place; smaller markets thus suffer from it. Currently, for some cars, whose waiting time was two months, customers must wait…
read moreUS carmakers received USD 600 million from government for battery development
August 11, 2009 | 12:33pm CEToriginalThe money was received by the carmakers Ford Motor, Chrysler Group and General Motors, which will use it for planned electric cars and hybrids…
read moreSAP: Number of cars older than 10 years went up by 450,000 over last 3.5 years
August 11, 2009 | 11:22am CEToriginalRenewal of car fleet in the Czech Republic is not in progress, according to SAP, whereas common renewal in EU is 8 to 10% annually. Scrap bonus should be one of measures only…
read moreBMW to sell Mini cars in large cities and separate showrooms only
August 10, 2009 | 10:14pm CEToriginalAfter the Brno-based company Renocar another company is about to build a new Mini showroom, namely the current BMW dealer...
read moreDenny: AAA Auto not to open branch in Liberec this year, likely to enter Hungary again in 2010
August 10, 2009 | 09:56pm CEToriginalThe company closed two car centres in Q2—one in the Czech Republic and one in Slovakia. Considering Russia, AAA Auto…
read moreMinistry of Transport closed 16 stations measuring emissions in H1 due to frauds
August 10, 2009 | 08:43pm CEToriginalCheats occur during emission measuring more often than at vehicle testing stations. The central information system proved good but interconnection with…
read moreStart-stop coming into Audi cars: For models A4 and A5, for 2.0 L four-cylinders with manual transmission, no extra charge
August 10, 2009 | 07:14pm CEToriginalA start-stop system from Audi has a starter with an operating life of 250,000 starts. By the end of this year, the starter will be available also for…
read moreUniCredit Leasing: Financial leasing back in game due to legislation change
August 10, 2009 | 05:01pm CEToriginalAfter the company CSOB Leasing, short financial leasing is now being offered by UniCredit Leasing...
read moreHyundai to increase production capacities in China
August 10, 2009 | 04:07pm CEToriginalThe company considers the construction of its third factory in the country and also thinks about a takeover of some of the local carmakers...
read moreKord group including supplier of tire manufacturer Kordarna for sale
August 10, 2009 | 03:23pm CEToriginalAt the same time, the company will work on reorganization in order to get out of the bankruptcy. Over 10 investors have already expressed interest in Kordarna...
read morePwC: The most favourite domestic company for Germans is newly Volkswagen
August 10, 2009 | 01:38pm CEToriginalThe carmaker degraded the competing Daimler after two years followed by Siemens and the carmakers…
read moreToyota improved financial and sales forecast for this year
August 9, 2009 | 08:44pm CEToriginalIn Q2 the carmaker reported already the third operating loss in a row at revenues decline by 38%. For this whole year, Toyota plans to sell...
read moreScrap bonus in the USA exploited by 185,000 people, helping mainly to Ford
August 9, 2009 | 08:17pm CEToriginalCar sales in the USA reached this year’s maximum of 994,000 cars in July; in y/y comparison it however decreased by...
read moreBMW’s profit dropped by 76% along with downturn of revenues by 11% in Q2 due to low demand
August 9, 2009 | 03:55pm CEToriginalThe carmaker reacts to that by operational cuts and by leaving Formula 1 as well...
read more
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