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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
Sales of passenger cars in Europe up in June for the first time after 14 months - by 2.4%
July 15, 2009 | 11:17pm CEToriginalOver the whole H1 sales declined by 11% though. June sales went up to the carmaker Skoda Auto by...
read moreHyundai - another carmaker refused to wait for scrap bonus introduction in Czech Rep
July 15, 2009 | 08:43pm CEToriginalCitroen and the used car dealers AAA Auto and Auto Esa already offer their own version of scrappage scheme in the Czech Republic. However, Hyundai’s special offer only applies to…
read moreHonda to speed up launching hybrid cars on market
July 15, 2009 | 07:26pm CEToriginalThe carmaker will introduce a sports hybrid car CR-Z to market in February 2010. By the end of next year the carmaker then intends to initiate sale of a small hybrid car...
read moreNissan offers discounts from CZK 30,000 to 86,000 depending on model till end of September
July 15, 2009 | 06:57pm CEToriginalSummer sales campaign refers to most passenger and some utility vehicles. The biggest customer’s advantage is a combination with financing...
read moreVolkswagen to invest USD 1 billion in extension of plant in Mexico
July 15, 2009 | 06:31pm CEToriginalThe reason is initiation of production of a new model which should begin in...
read moreRHJ progressed in Opel negotiations, Magna remaining the favourite
July 14, 2009 | 03:48pm CEToriginalInvestment company RHJ similarly to the Chinese BAIC submitted a detailed offer asking less government guarantees and releasing fewer employees...
read moreHyundai manufactured 50,000 cars and 100,000 transmissions in Nosovice in H1
July 14, 2009 | 01:01pm CEToriginalHyundai plans to produce about 160,000 cars in Nosovice this year. A new model Kia No 3 will help it too; its production will start in…
read moreAuTec Group's financial problems have further consequences, Nissan terminated dealer agreement
July 14, 2009 | 12:17pm CEToriginalAt the same time AuTec lost an exclusive license for distribution of the super sports car Nissan GT-R in the Czech Republic which was taken over by company...
read moreNew car sales decline in Britain slowed down due to scrap bonus in June
July 14, 2009 | 11:25am CEToriginalRegistrations decreased by 15.7% compared to the May decline of 24.8%. For the first time since November 2007, the demand from private individuals increased by...
read moreQatar possibly agreed on share acquisition in Porsche and Volkswagen share options
July 14, 2009 | 10:46am CEToriginalQatar offers EUR 7 billion to the carmaker Porsche. Specifically, Qatar fund should get...
read moreHyundai to move production of model i20 for Europe to the Czech Rep, Slovakia or Turkey
July 13, 2009 | 11:41pm CEToriginalThe carmaker is therefore willing to save 10 to 15% on logistics costs and tariffs. After the decision, the production moving should take place till...
read moreCar sales declined by 49% in Russia in H1, in Skoda Auto only by 19%
July 13, 2009 | 11:22pm CEToriginalAccording to AEB vice president Martin Jahn, the Russian automotive market needs support from the State and the Government should consider the introduction of...
read moreSkoda Auto to produce extra at night from Friday to Saturday in August, to shorten delivery times
July 13, 2009 | 08:54pm CEToriginalThe delivery time for Fabia is until December at present. These will be three voluntary shifts, on which the carmaker needs some...
read moreScrap bonus in Austria run out after three months
July 13, 2009 | 08:38pm CEToriginalSince April 1, 30,000 motorists asked for the bonus when replacing car. However, the government is not planning to extend it because...
read moreGeneral Motors out of bankruptcy protection, new company has big plans
July 12, 2009 | 01:14pm CEToriginalA new carmaker wants to repay state loans earlier, will cut 35% of manager positions, wants to launch models into market faster, and will be selling used cars by means of...
read moreEuropean Court of First Instance lowered Peugeot’s penalty for restriction of business practices
July 12, 2009 | 12:21pm CEToriginalPeugeot’s representation in the Netherlands obstructed exports of new cars between 1997 and 2003 to other EU countries. The Court brought the fine of the carmaker PSA down by...
read moreGerman scrappage scheme to run out soon, government do not intend to earmark more money
July 12, 2009 | 10:27am CEToriginalThe authorities have already received almost 1.72 million applications; the total sum is enough for 2 million cars. Therefore the sum of EUR 5 billion will probably run out in...
read moreSales of new cars in China up by 48.5% in June
July 11, 2009 | 03:32pm CEToriginalChina could thus replace the US this year at the position of the largest car market. A local association CAAM assumes total sales will exceed...
read moreRussia provided high state guarantee to carmaker GAZ
July 11, 2009 | 02:38pm CEToriginalThe indebted carmaker GAZ is a part of a syndicate which Opel intends to take over. Russia has already supported other local companies...
read moreBMW Group decreased sales by 12.7% in June, Mercedes-Benz Cars by 7%
July 11, 2009 | 01:33pm CEToriginalThe carmaker's sales drop in June was though slighter than in the previous months, and so the management sees the future...
read moreKlaus’ veto of scrap bonus condemned by carmakers, praised by economists
July 10, 2009 | 04:33pm CEToriginalAccording to Czech car industry the scrap bonus should be introduced on principle. The Chamber of Deputies should be voting on Klaus’ veto in…
read moreSales of passenger cars in Italy down by 10.7% in H1
July 10, 2009 | 04:24pm CEToriginalEven due to scrap bonus the sales over all this year could have been higher than last year, according to the Italian government, when in Italy...
read moreKlaus set veto on CSSD's anti-crisis packet including scrap bonus
July 10, 2009 | 01:41pm CEToriginalHis arguments are only economic though. The Car Importers Association argues that an ecologic aspect of the bonus...
read moreVladimir Vosicky back in Czech Rep after one and half year, moving from Ford to Peugeot
July 10, 2009 | 10:53am CEToriginalManager, whose career is entirely linked with the brand Ford, will be in Peugeot in charge of...
read moreBAIC submitted attractive bid for Opel, agreement with Magna close to completion though
July 9, 2009 | 02:44pm CEToriginalCompared to Magna, BAIC would dismiss less employees in Europe, ask for a lesser loan and invest in production of Opel cars in...
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