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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
Porsche revenues down by 15%, sales by 28% in Q1-3
June 21, 2009 | 06:26pm CEToriginalThe carmaker registered the most significant drop in the US and Canada. Considering the specific models...
read moreCar production in UK dropped by 43% in May, by 54% over this year
June 21, 2009 | 05:29pm CEToriginalProduction of commercial cars dropped by 73.5% y/y in May; production of all kinds of vehicles shows out a decline...
read moreSales of Skoda cars stagnated in Europe in May, dropped by 5.5% totally this year
June 20, 2009 | 11:43am CEToriginalRegistrations of new passenger cars went up by 20.5% y/y in the Czech Republic in May; in Slovakia even by...
read moreCSOB Leasing to administer fleet of CSOB group amounting to almost 1,000 cars
June 20, 2009 | 11:09am CEToriginalAll by means of the form of fleet management and full service leasing as well. CSOB Leasing also became a provider of operative leasing for Skoda Auto...
read moreSlovakian server published photos of Skoda Superb Combi
June 20, 2009 | 10:13am CEToriginalThe photographs were taken during damper tests on the highway D2. According to the tests the back part will look different than indicated by computerized drawings so far…
read moreAAA Auto CFO David Thorley ended after a year
June 19, 2009 | 07:54pm CEToriginalThere is now a selection procedure for the post under way. To a post of temporary CFO has been nominated...
read moreUS Senate supported scrap bonus initiation
June 19, 2009 | 07:46pm CEToriginalTo a program, which should provide consumers a bonus for exchanging older cars for new models with a lower consumption, will be invested…
read moreChinese carmaker BAIC to struggle with Magna for Opel
June 19, 2009 | 07:30pm CEToriginalBAIC has acquired an approval to look into the German carmaker's accounting. A part of the alliance of Magna and Opel might also become the carmaker...
read moreGeneral meeting of AAA Auto extended possibility of reverse stock buyout by company's management board
June 19, 2009 | 05:21pm CEToriginalA minimum price will be equal to their nominal value whereas a maximum price will be equal to EUR 4 per a share. The time for buyout has been extended to...
read moreFiat to shut down car production at Sicily plant
June 19, 2009 | 03:39pm CEToriginalFiat needs to reach annual sales of 5.5 million cars in order to survive. The overall sales of Fiat and Chrysler though range only around...
read moreChrysler to resume production at seven possible plants
June 19, 2009 | 02:26pm CEToriginalChrysler will announce resuming production in other plants at the end of June probably. Production in newly resumed plants will proceed…
read moreSales of cabriolets down by roughly a half in Czech Rep
June 19, 2009 | 01:47pm CEToriginalThe economic recession is the cause for it has brought interest in the entire category of sports cars down. The fall considers premium brands mainly...
read moreAuto Diskont enhanced sales by 5% to more than 2,200 used cars last year
June 18, 2009 | 11:07pm CEToriginalThe company focuses on sales of used cars priced up to CZK 150,000 but starts increasing the share of younger and more expensive cars. This year Auto Diskont sold...
read moreNissan offers CZK 50,000 to CZK 120,000 discounts according to model till end of June
June 18, 2009 | 04:28pm CEToriginalWithin a special offer “Scrap bonus weeks with Nissan” it is enough to bring a toy-car of a model intended for scrapping. The offer relates to commercial cars too…
read moreSegment of exclusive cars not affected by crisis in Czech Rep
June 18, 2009 | 03:57pm CEToriginalSales of exclusive cars went up y/y this year even—by 20 cars per 130 units. However, the situation in Europe is inversed. The reason is...
read moreDealers: Orders for Skoda Yeti in Czech Rep just sporadic over 10 days
June 18, 2009 | 12:36pm CEToriginalInterest in the Yeti is though bigger than in other Skoda models. People are waiting for showroom cars to appear in the car centres. That should happen in…
read moreCzech Senate approved anti-crisis packed including scrap bonus proposed by CSSD
June 18, 2009 | 08:59am CEToriginalAccording to specialists from PwC the scrappage scheme gives advantage to some brands and models only, it will affect future sales and contribute to another decline in used car prices...
read moreSkoda Auto sales decreased by 7.3% to 59,600 cars in May
June 17, 2009 | 08:55pm CEToriginalSales of the Volkswagen Group have increased by 1.5% to 556,700 cars for the first time in 2009. However, in Germany and China, the Czech carmaker grew by...
read moreAuto Diskont follows its competitors and also introduced scrap bonus
June 17, 2009 | 08:16pm CEToriginalAt the same time, the used car dealer, which is controlled by AAA Auto, change its orientation and increases the proportion of younger and more expensive cars...
read moreCEZ aim to focus on development of electric vehicles, seeing great potential in it
June 17, 2009 | 07:26pm CEToriginalIn the coming years the energy company intends to invest in this sphere about CZK 500 million. Pilot projects are about to start till 2012 in...
read moreAudi A5 Sportback: Five-door coupe to be introduced at Frankfurt Motor Show
June 17, 2009 | 07:10pm CEToriginalRight after that it will go on sale from EUR 36,050 (about CZK 960,000) with an engine 2.0 TDI (125 kW). In mid-2010 a new basic version will come...
read moreUS Government refused further help for automotive suppliers
June 17, 2009 | 05:28pm CEToriginalAn allocation of a USD 5 billion support, in which also the carmakers GM and Chrysler have a share, was initiated in April. Suppliers though asked for a further help...
read moreCommunication of crashed car with rescuers eCall to be introduced in Czech Rep in 2011
June 17, 2009 | 01:55pm CEToriginalConnection with emergency line would be established with airbags activation probably. In order for a crew to be able to talk to rescuers...
read moreFiat obtained EUR 400 million loan from EIB for development of more eco-friendly cars
June 17, 2009 | 12:28pm CEToriginalFiat acquired the credit under the EIB's European Clean Transport Facility focusing on support...
read moreSecond Audi Terminal in Czech Rep and sixth brand showroom in capital to be built in Prague
June 16, 2009 | 09:55pm CEToriginalIt started to be built by the new authorized Audi dealer, already the 16th in the Czech Republic. The dealer also obtained a license to service Audi R8 cars. This is a company...
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