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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 fell by 4.9% in May
June 16, 2009 | 08:10pm CEToriginalScrap bonus prevented from a significant decrease in many countries. The registrations in the Czech Republic increased by 20.5%, in Slovakia, even by...
read moreGeneral Motors confirmed Saab sale to small-lot manufacturer Koenigsegg
June 16, 2009 | 07:42pm CEToriginalBoth sides signed a preliminary agreement and the sale should be concluded by the end of Q3. The agreement supposedly contains...
read moreUniCredit Leasing expanded vehicle financing portfolio for brand Kogel in the Czech Rep
June 16, 2009 | 07:16pm CEToriginalFinancial company therefore entered trailers segment after the cars and trucks segments. It began offering scrap bonus as first in it...
read moreBosch expects downturn of revenues for automotive components by about 20% due to crisis
June 16, 2009 | 06:33pm CEToriginalThe decline in automotive division was 7% last year. Over this year the group expects the first consolidated loss...
read morePrices of transport manufacturers down by 0.1% m/m in May, up by 0.3% y/y
June 16, 2009 | 05:26pm CEToriginalTotally, prices of industrial manufacturers declined by 3.8% y/y in May which represents the most distinct year-to-year fall since...
read moreVolkswagen Polo: Three- or five-door version got basic price under CZK 250,000
June 16, 2009 | 05:02pm CEToriginalThere is a five-door hatchback being sold from CZK 249,900 in the meantime. A three-door version will be introduced at the Frankfurt Motor Show and will be priced at...
read moreUOHS allowed US fund Platinum to take over company Alcoa Fujikura Czech as expected
June 16, 2009 | 12:18pm CEToriginalPlatinum has taken over the Czech producer of cable harnesses for cars by means of a Luxembourg company Project Del Holding...
read moreFormer member of General Motors executives Bo Andersson to lead Russian carmaker GAZ
June 16, 2009 | 10:35am CEToriginalAndersson unexpectedly decided to leave GM last week, not giving any reasons. GAZ yet appears in planned Magna’s entry into the carmaker Opel...
read moreSumitomo Corporation continues in damping automotive activities in Central Europe
June 15, 2009 | 08:27pm CEToriginalSE Bordnetze, a producer of cable harnesses for cars, will reportedly cease production in Slovakia. The company has though denied that. Conversely, it prepares…
read moreBMW tightened up sale conditions for car brand Mini, dealers must have separate showroom
June 15, 2009 | 07:56pm CEToriginalTherefore there are only two authorized dealers of Mini in the Czech Republic currently—a Prague-based company AuTec Group and a Brno-based company Renocar, which is soon opening...
read moreScrapyards: Scrap bonus to worsen situation in jalopy treatment field
June 15, 2009 | 05:46pm CEToriginalEnvironmental liquidation of old cars is unprofitable, among others, due to a decrease in purchasing raw material prices. Companies are not planning to invest before the scrap bonus introduction...
read moreHyundai i30 ISG: For fuel consumption decrease by 7% surcharge CZK 7,000
June 15, 2009 | 05:30pm CEToriginalBasic price of Hyundai i30 model with a start-stop system is CZK 341,900, and CZK 391,900 in estate version. At the same time, Hyundai reduced the prices of i30 model range...
read moreOver 60,000 people applied for scrap bonus in Great Britain over a month
June 15, 2009 | 05:04pm CEToriginalThe government have set apart GBP 300 million for the scrappage scheme so they are ready for supporting sales...
read moreMann+Hummel coming with new module of diesel fuel filter
June 15, 2009 | 02:04pm CEToriginalComponents of the filter are suitable for all sorts of fuel quality. For the first time, the new system of fuel filtering will be used in a PSA/Ford diesel engine...
read moreQatar close to taking over share in German carmaker Porsche
June 15, 2009 | 09:53am CEToriginalAn agreement with Qatar is reportedly supported by majority of the Porsch and Piech families. The decision on selling the share could be made...
read moreEC: Support of US carmakers could harm global trade
June 14, 2009 | 10:20am CEToriginalA confidential report of EC criticizes support of the carmakers General Motors and Chrysler, but also anti-crisis measures in some other states such as...
read moreBrno Motor Show visited by around 130,000 people, about 15,000 less than two years ago
June 13, 2009 | 12:38pm CEToriginalAt the time of economic crisis, organizers however consider this attendance a success. Number of exhibitors...
read moreDenny: Used car prices at minimum and not to fall onwards
June 13, 2009 | 12:16pm CEToriginalOn the contrary, they might increase according to him. Within the market’s lowest car price guarantee the company compared prices with competitors for the first week in...
read moreToyota iQ started being sold from CZK 339,900 (EUR 12,750) in Czech Rep and Slovakia
June 12, 2009 | 08:52pm CEToriginalFirst demonstration cars are available at dealers in large cities only. A stronger engine 1.33 L (74 kW) is available with a start-stop system for...
read moreHradek-based Trelleborg acquired new orders from VW Group and BMW Group
June 12, 2009 | 02:52pm CEToriginalThe company is going to hire 60 new employees; it employs about 360 people. The company has acquired new orders for cars…
read moreSaab to be bought by Swedish carmaker Koenigsegg and Norwegian investors
June 12, 2009 | 12:26pm CEToriginalBoth parties have reportedly signed a preliminary agreement yesterday and should definitely announce the deal in…
read moreCrisis made luxury car dealers reduce prices rapidly in Russia
June 12, 2009 | 12:08pm CEToriginalFor instance the company Mercury, which represents the brands Bentley, Bugatti, Ferrari, Maserati and Lamborghini in Russia, is now selling out stock cars from the last year...
read moreChanges in Ford in Olomouc: The new and the only authorized dealer is Cars Morava
June 11, 2009 | 11:58pm CEToriginalOther dealers have agent status only. Cars Morava has opened a new showroom in Olomouc which the company plans to extend. Sale plans make…
read moreBiofuel E85 started being sold in Czech Rep, a litre for CZK 25
June 11, 2009 | 11:54pm CEToriginalA first filling station was built in Mlada Boleslav. There is a range of models with drive consuming a biofuel E85, most of them from Swedish carmakers. Skoda Auto...
read moreMagna reputedly aims to cancel 11,600 jobs in Europe
June 11, 2009 | 06:41pm CEToriginalIt has been counted with the abolition of only about 10,000 jobs so far, including 2,500 in Germany. The German government is still in contact with other candidates...
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