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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
SMMT: New car registrations in UK up by 2.5% in July (vans up to 3.5 tonnes -8.5%; trucks up to 6 tonnes -19.1%)
August 12, 2024 | 03:48pm CETflashread more
Floods in Switzerland: Novelis (Hindalco Industries/Aditya Birla Group; manufacturer of flat-rolled aluminium/aluminum products for automotive, aerospace, beverage packaging industries with 13,190 employees in 32 plants in 9 countries; customers: Volkswagen, Audi, Porsche, General Motors, GMC, Cadillac, Chevrolet, Ferrari, FCA/Stellantis, Maserati, DS Automobiles, Nissan, Toyota, Volvo, Daimler, Mercedes-Benz, Nio, Honda, Hyundai, BMW, JLR/Jaguar Land Rover, Ford, Renault, Rivian, Samsung, Denso) expects to resume production in Sierre, Switzerland by end of September. Company estimates total net cash impact from factory flooding to be USD 80 million (after insurance – plant is insured for property damage and business interruption losses, subject to deductibles and policy limits) and net impact to EBITDA to be USD 30 million
August 9, 2024 | 10:58am CETflashread more
J.D. Power, GlobalData cut 2024 global new light-vehicle sales outlook by 200,000 cars, vans from 88.9 million (+2.5%) to 88.7 million (+2.2%). Despite adjustments, 2024 remains on track to be strong year for auto sales, with anticipated rate cuts and pricing reductions creating positive atmosphere for consumers, Schuster (GlobalData) said
August 9, 2024 | 10:52am CETflashread more
Cars
Autofox Helps: Ford Fund donated USD 100,000 to Global Giving Ukraine Relief Fund for humanitarian aid to assist Ukrainian citizens, families
June 6, 2022 | 09:42pm CETpublicAt the same time, Ford Motor Company suspended operations in Russia (commercial van manufacturing, sales)...
read moreAutofox Helps: Aures Holdings donated CZK 3 million (EUR 125,000) to help Ukraine
April 28, 2022 | 10:19pm CETpublicThe operator of the AAA Auto used car center network has sent financial gift to a Czech humanitarian organization. The company also announced a cash collection among employees in Czechia, Slovakia and Poland. Material and logistical assistance...
read moreAutofox Helps: Peugeot SA (PSA) donated 400,000 masks to hospitals, emergency services, local authorities
November 26, 2020 | 11:19pm CETpublicDonation of medical equipment to hospitals in Italy, Spain and France, providing Free2Move, PSA, Peugeot and Opel vehicles to healthcare professionals, production of respirators and visors in 3D printing...
read moreAutofox Helps: Škoda distributors support fight against coronavirus worldwide with numerous activities and measures
August 26, 2020 | 11:48pm CETpublicThey mainly provide cars and donations. Activities in Czechia, India, Germany, Slovakia, France, Spain, Poland, Belgium or Switzerland...
read moreAutofox Helps: Fiat Chrysler to help provide more than 1 million meals to school children around plants in USA
August 26, 2020 | 11:12pm CETpublicPartnership with non-profit organizations and foundations providing food to children until schools return to session, extention of the program nationwide in US and to Canada and Mexico, converting other factories to produce face masks for donation, engineering and logistics assistance an Italian ventilator manufacturer...
read moreAutofox Helps: Hyundai undertook series of philanthropic initiatives to support health services across Europe during Covid-19 pandemic
June 21, 2020 | 11:23pm CETpublicLending more than 300 cars to medical staff and key workers, activities in UK, France, Italy, Spain and Poland, actions supporting customers...
read moreAutofox Helps: EDAG Engineering developed face mask for everyday use making 3D print data for mask holders available for free download on website
June 21, 2020 | 11:15pm CETpublicAlternatively, anyone who does not have a 3D printer, can order the Mask4all parts from EDAG's 3D printing partners...
read moreAutofox Helps: Nissan makes protective face visors for frontline workers in UK
May 31, 2020 | 11:43pm CETpublicProduction capacity, location, inspiration by the 3D printing of two brothers based at Nissan's UK Technical Centre, ramping up the volume thanks to injection moulding...
read moreAutofox Helps: Fleet of 200 Škoda cars provided by automaker, 16 dealers covered 227,000 km in Czechia in month and half delivering 20,000 meals and essential shopping, 240,000 respirators, face masks and disinfection kits
May 31, 2020 | 11:35pm CETpublicOver 250 doctors and paramedics covered 16,000 km on 1,600 rides with 150 BeRider e-scooters from Škoda Auto DigiLab in Prague. Helping 89 organisations and more than 50,000 people, evaluating applications for one of hundred Octavia Combi cars by the NROS Foundation, producing almost 800 respirators and 2,500 protective shields with the help of the carmaker's technical development, project management by 3Dees...
read moreAutofox Helps: Nissan to make protective face shields for health care workers in Japan
May 10, 2020 | 11:14pm CETpublicIn addition, Nissan is studying ways to support companies that manufacture ventilators and artificial heart-lung machines. Production capacity, location, activities in USA, UK and Spain...
read moreAutofox Helps: Škoda Auto donates 100 Octavia cars worth around CZK 85 million (EUR 3.1 million) to aid organisations in Czechia for fight against coronavirus
April 29, 2020 | 01:00am CETpublicReceipt of applications to the grant program for two weeks, production of parts for FFP3 respirators in Škoda’s Technical Development using 3D printers, employee collections for hospitals at sites of Czech plants, assistance of trainees and employees with sewing of textile masks, distribution of Prusa Research protective shields to hospitals and general practitioners with contribution of Škoda’s Logistics...
read moreAutofox Helps: Air Liquide, Peugeot SA (PSA), Valeo, Schneider Electric to make 10,000 ventilators
April 29, 2020 | 12:55am CETpublicRequest from the French government, time horizon, working group composed of experts in purchasing and production, help from 100 partner companies, demands on components, dedicated facility in a carmaker's plant, involvement of volunteers from employees not only of a R&D center, PSA Reserve initiative...
read moreLear signed Carmera as development partner in EXO Technology Partnership Program
April 21, 2020 | 11:45pm CETpublicDetails of the partnership program, initial development focused on testing EXO Global Navigation Satellite System (GNSS) correction technology alongside Carmera Autonomous Map...
read moreLear acquired Xevo, provider of connected car software and data-driven user experiences
April 7, 2020 | 11:42pm CETpublicCompletion of the transaction, financial advisor, key services Journeyware and Market, HR...
read moreFränkische moved part of its production from Czechia to Romania
March 11, 2020 | 04:50pm CEToriginalLocations, reasons, HR, work aid from employees from Hungary, turnover in 2018-2020, products, clients including electric vehicle manufacturers, potential of e-mobility…
read moreČSÚ: Prices of cars in Czechia rose m/m in June 2019
March 11, 2020 | 03:50pm CEToriginalPrices of both new and used cars rose. Raising of motorcycle, car repair services and spare parts prices, detailed data, y/y development...
read moreLear Innovation Ventures (LIV) invested in Israeli venture capital fund managed by Maniv Mobility
March 11, 2020 | 03:32pm CETpublicManiv Mobility's portfolio and investing activities are focused on Israeli start-up companies in the connected, autonomous, ridesharing and mobility sectors, as well as on investments in the U.S. and other markets. Acquisition of EXO Technologies...
read moreToyota Research Institute-Advanced Development, Carmera to create HD maps for automated vehicles using camera data
February 10, 2020 | 11:44pm CETpublicFirst step towards realizing TRI-AD's open software platform concept known as Automated Mapping Platform (AMP), cameras in Toyota test vehicles to collect data over several months from areas of downtown Tokyo, cameras installed in the test vehicles using Toyota Safety Sense (TSS) components...
read moreDXC Technology signed agreement to cooperate on development of BMW self-driving cars
February 10, 2020 | 11:32pm CETpublicTechnologies for the BMW High Performance D3 platform to simplify and accelerate test data analysis as well as streamline machine learning algorithms with the DXC Robotic Drive platform...
read moreLear Innovation Ventures (LIV) Possibilities: Lear launched new division investing in early stage technologies throught partnerships with venture capital firms, accelerators, incubators
February 10, 2020 | 10:24pm CETpublicIt will also provide direct capital to start-ups and internal innovation projects. Head of division...
read moreČSÚ: Car prices in Czechia dropped m/m in May 2019
February 10, 2020 | 10:12pm CEToriginalBoth new and used car prices fell. Raising of motorcycle, spare parts and car repair services prices, detailed data, y/y development...
read moreRubicon Partners sold Ring Automotive to Osram
December 4, 2019 | 11:47pm CETpublicOsram intends to enter markets in Europe, USA and other regions with the Ring product portfolio. Turnover in 2018...
read moreČSÚ: Car prices rose m/m in Czechia in April 2019
December 4, 2019 | 11:14pm CEToriginalWhile new cars fell in price, the prices of used ones went up. Increase in motorcycle, spare part and car repair service prices, detailed data, y/y development...
read moreČSÚ: Car prices rose m/m in Czechia in March 2019
October 23, 2019 | 09:02pm CEToriginalWhile new cars rose in price, the prices of used ones did not change. Increase in motorcycle, spare part and car repair service prices, detailed data, y/y development...
read moreKPMG Autonomous Vehicles Readiness Index (AVRI) 2019: Netherlands, Singapore, Norway, USA, Sweden most prepared for autonomous transportation
October 17, 2019 | 12:27pm CETpublicNorway, Finland, Israel, Czechia, Hungary added to ranking in 2019. New 25-country consumer opinion poll on AVs...
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Source: ECB, September 16, 2024