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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
Toyota Land Cruiser Team Edition: Stock clearance with discount of CZK 175,000
August 9, 2009 | 03:27pm CEToriginalThe offer refers to cars with the diesel engines 3.0 D-4D within the equipage Lux and Lux+ exclusively. In case of taking advantage of an offer of financing…
read moreCar sales in Italy, France and Spain boosted by scrap bonus in July
August 9, 2009 | 02:48pm CEToriginalIn Italy and France car sales went up y/y in July; in Spain the rate of downturn was slowed down from June’s 15.9% to…
read moreSales of passenger and light utility cars decreased by 13% in January-July
August 7, 2009 | 04:40am CEToriginalDemand for passenger cars increased by 8% in the first seven months, in July it increased by...
read moreVolkswagen plant in Bratislava to cease Skoda Octavia cars production next year
August 5, 2009 | 09:35pm CEToriginalThe reason is a line release for the new model range of cars, whose production will begin under brands Volkswagen, Seat a Skoda in…
read morePassenger car sales in Germany increased by 29.5% in July
August 5, 2009 | 08:25pm CEToriginalThe growth is caused by the continuing government incentives in the form of scrap bonus. Sales of Skoda cars rose by...
read moreFehrer acquired new orders, cannot find workers in Liberec now
August 4, 2009 | 06:01pm CEToriginalThe company has solved the lack of workers by Saturday shifts already. The new orders for seven years are from the carmakers…
read moreFord to cancel 600 jobs in plant in Valencia
August 4, 2009 | 02:08pm CEToriginalThis represents 12% of all employees of the Spanish factory. At the beginning of this year, the carmaker has already reduced the production there…
read moreDiess: BMW and Daimler can buy up to 10% of all components together without harming the brands
August 4, 2009 | 01:17pm CEToriginalThose can be automatic system, wheels or tyres. By the year 2012, BMW wants to lower purchasing costs by…
read moreFord suspended sales of Swedish passenger car producer Volvo Car
August 4, 2009 | 12:30pm CEToriginalThe US carmaker is awaiting a result of the battle for Opel. The situation could be clearer after today’s meeting of the German government with GM’s representatives…
read moreSuzuki’s operating profit dropped by 80% in Q2 along with downturn of revenues by 37%
August 4, 2009 | 11:13am CEToriginalSales went down by 12% to 541,000 cars. However, the company partially succeeded in offsetting a steep fall of demand on developed markets by increasing sales in…
read moreSales of Auto Esa up by 16% to 3,145 cars in H1
August 4, 2009 | 10:04am CEToriginalThe firm is also successful in the field of sales of additional products and car accessories while in the company’s shop and e-shop its turnover went up by…
read moreDenny: AAA Auto could sell 40,000 cars in 2009
August 4, 2009 | 08:49am CEToriginalThe company sold 10,950 used cars in Q2 thanks to a special offer of scrap bonus as well. Compared to Q1, the number shows a growth by…
read moreBankruptcy of Magneton can cause problems to Bosch Diesel plant in Jihlava
August 3, 2009 | 05:45pm CEToriginalBosch takes components for production from Magneton to its Jihlava-based plant, this production employs…
read moreContinental to raise its capital by up to EUR 1.5 billion
August 3, 2009 | 01:59pm CEToriginalThe company wants to improve its financial situation this way. However, it could lose its CEO Karl-Thomas Neumman, whose suspension…
read moreCarmakers Renault, Mazda and Mitsubishi posting a loss this year
August 3, 2009 | 12:49pm CEToriginalRenault expects global car market to decline by 12%; a previous prognosis was 15%. In H2, the company intends to increase production by…
read moreCeska posta considers putting CNG drive into its car fleet
August 3, 2009 | 11:39am CEToriginalNevertheless, it has now put up a purchase of 600 delivery trucks with diesel engines for a tender, which replaces the cancelled tender from autumn 2008...
read moreSumitomo continues downturn in automotive production in Slovakia, this time in another division
August 2, 2009 | 11:23pm CEToriginalAfter the planned closure of the SE Bordnetze plant in Nitra, SEWS Slovakia, manufacturer of wiring harnesses for cars, has now announced the second wave of release...
read moreImporter of Kia cars to Czech Rep has new president since July
August 2, 2009 | 10:43pm CEToriginalInto the company Kia Motors Czech, H.L. Baik has come from the Korean headquarters, who replaced Kyung-Hyeon Kim after 4.5 years. That one left…
read moreDaimler posted loss of EUR 1.06 billion in Q2
August 2, 2009 | 10:04pm CEToriginalThe company’s management became worse by EUR 2.3 billion over the year along with a drop of revenues of 24.6 %. Compared to Q1, the carmaker lowered the loss by…
read moreDespite insurance stagnation within damage liability, number of concluded contracts up by 5.8% in H1
August 2, 2009 | 08:40pm CEToriginalA higher number of concluded contracts is caused by toughening sanctions on non-payers mainly. The reason of stagnation of the imposed insurance is…
read moreOperating profit of carmakers Honda Motor and Nissan Motor fell by almost 90% in Q2
July 31, 2009 | 12:46pm CEToriginalBoth companies, however, kept themselves in black numbers. While Honda has improved the prognosis of profitability for the whole financial year, Nissan expects...
read moreKPMG: Car interest decline led to significant fall in steel production
July 31, 2009 | 11:58am CEToriginalGlobal steel production has fell by 60 to 70% since 2007. The steel companies see demand recovery...
read moreSkoda Auto net profit declined by 61.7% in H1 at revenues drop by 19.7%
July 31, 2009 | 10:28am CEToriginalThe carmaker has been doing better than its competitors; its sales drop reached only 10.1% in H1. However, the world’s car market declined by...
read moreProduction complex Alcoa Fujikura in Stribro is for sale for CZK 104 million
July 31, 2009 | 09:58am CEToriginalAt the end of July, 600 employees are leaving the company. Many of them have already found work, for example, in the manufacturer of decorative components for car interiors...
read moreGM vice-president: We can not accept conditions included in Magna offer
July 31, 2009 | 09:17am CEToriginalAmong the controversial points there are the intellectual property of Opel and GM’s activities conditions in Russia. In contrast, RHJ offer is...
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