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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
Car sales in Slovakia up by 28% in June thanks to scrap bonus
July 9, 2009 | 02:05pm CEToriginalResults of sales in the last months helped wipe out losses of the segment from the beginning of this year. In H1 number of registered cars...
read moreBritish authorities to investigate MG Rover’s fall
July 9, 2009 | 01:06pm CEToriginalIt has been taken over by the Chinese carmaker Nanjing Automobile in 2006. The opposition believes that the former government supported MG Rover before the elections in order to...
read moreFiat finally agreed on car production in China, has been importing cars there so far
July 9, 2009 | 12:11pm CEToriginalThe Italian carmaker will establish a joint venture with local company Guangzhou Automobile Group. The first manufactured model will be...
read moreAlcoa Fujikura Czech (AEES Stribro) agreed on compensation with trade unions
July 8, 2009 | 03:12pm CEToriginalIf employees agree on the termination of the employment by a contract agreement to July 17, they will receive compensation in the amount of...
read moreSales of new cars in Czech Rep down by 12.4% to 92,100 cars in H1
July 8, 2009 | 08:48am CEToriginalPassenger car sector grew while other categories fell. Dealers believe the considered scrappage scheme will revitalize market and also...
read morePorsche rejects more investors’ interest in Volkswagen shares
July 7, 2009 | 08:52pm CEToriginalAlthough Porsche conducts exclusive investment negotiations with Qatar, there appeared further five candidates. They want to buy...
read moreHyundai needs 150 more people for start of second shift in Nosovice
July 7, 2009 | 08:03pm CEToriginalTherefore, the carmaker is going to intensify recruitment of new employees in July. Date of initiation of the second shift is not clear yet. Production on three shifts will begin on...
read morePSA Peugeot Citroen decreased sales by 17.5% in H1
July 7, 2009 | 06:39pm CEToriginalIncluding cars in a dismantling state, which the carmaker supplies to the assembly abroad, sales decreased by 14%. The 2H sale could be supported by new models...
read moreLear declared bankruptcy
July 7, 2009 | 05:55pm CEToriginalThe company within the reorganization intends to convert its debts of USD 3.6 billion to a combination of new debts, convertible shares and...
read moreDiscussions of Alcoa Fujikura and trade unions brought no progress today, strike is ready to start
July 6, 2009 | 10:48pm CEToriginalTalks about a higher compensation will continue on Tuesday. If there is no outcome, the strike might begin...
read moreVolkswagen increased sales by 6% in June, sale declined by 5.1% in H1
July 6, 2009 | 02:05pm CEToriginalThe global market fell by about 18 % in H1. Volkswagen CEO Martin Winterkorn assumes that this year there should be sold in the world...
read moreJapan began to solve problem with great silence of hybrid cars
July 6, 2009 | 01:39pm CEToriginalCommission established by the Ministry of Transport has to compile a report regarding the problem until the end of the year. The result may be an obligation for carmakers...
read moreHyundai increased total sales by 9.6% in June, thanks to domestic sales mainly
July 5, 2009 | 09:09pm CEToriginalSouth Korean exports went down by 18.4% to 83,702 cars whereas sales of cars manufactured in foreign plants grew by...
read moreEven people affected by floods can acquire Citroen’s scrap bonus
July 5, 2009 | 08:25pm CEToriginalNamely in case of either having their car insured or uninsured. Citroen’s scrap bonus in combination with the Bonus leasing has thus brought down price of the smallest Citroen to…
read moreAlcoa Fujikura unions in Stribro declared strike alert
July 5, 2009 | 05:18pm CEToriginalIf further negotiations of the compensation amount for dismissed workers are not successful, trade unionists are ready to go on strike...
read moreChinese company BAIC also fighting for Opel besides RHJ
July 5, 2009 | 05:03pm CEToriginalRHJ and BAIC submitted preliminary bids for Opel share and are still negotiating with GM. Binding offer...
read moreTPCA continues in production rise, production increased by 0.6% in H1
July 4, 2009 | 02:56pm CEToriginalFor this whole year, TPCA is again estimating the production growth compared to last year's 324,289 cars. It could be more than...
read morePrices of new cars the lowest in history in Czech Rep, not to go down any more
July 4, 2009 | 12:36pm CEToriginalMore than 12 models are cheaper than CZK 200,000; prices of 50 other cars do not exceed CZK 250,000. Until winter prices of new cars will be...
read moreSeat: Scrap bonus to cause drop of new car sales to record-breaking minimum 2.6 million in Germany next year
July 4, 2009 | 11:51am CEToriginalSales grew by 40% in June—equally to May. In the next months the association VDIK expects...
read moreBMW to limit production in second half of the year too
July 4, 2009 | 11:03am CEToriginalAn exception is BMW plant in Dingolfing where production of a new car BMW 5 Gran Turismo will begin in autumn. In Q1 the carmaker managed with...
read moreSkoda Auto to invest in electric car development, Superb to be rebuilt
July 3, 2009 | 10:51pm CEToriginalThis is one of the activities of the Volkswagen Group in the field of alternative drives, which is working on the development of electric cars...
read moreRussian truck manufacturer Kamaz at risk of bankruptcy
July 3, 2009 | 03:18pm CEToriginalThe company has not observed the terms for repaying loans and its creditors can now apply for a preliminary pay-off. Kamaz would not solve it even by...
read moreRenocar opened first separate showroom of Mini in Czech Rep in Brno
July 2, 2009 | 07:19pm CEToriginalThe new Mini centre has grown next to BMW showroom. At the same time Renocar has opened another showroom in which sales of...
read moreLear about to proclaim bankruptcy
July 2, 2009 | 07:14pm CEToriginalReorganization of the company will be supported by its creditors and bondholders. For financing its bankruptcy they will provide an amount...
read moreHead of Sberbank: Other candidates for Opel are out
July 2, 2009 | 06:59pm CEToriginalThe Chinese carmaker BAIC, the Belgian investment company RHJ and the Italian carmaker Fiat are among the interested persons in Opel purchase. BAIC should in the coming days...
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Source: ECB, September 20, 2024