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Galvanoplast Bohemia (manufacturer of galvanized plastic parts for interior, exterior of cars with 186 employees in Liberec, Czechia; customers: Magna, Ulbrichts Automotive, Meraxis/Rehau Group, Winning Plastics – Linden, Hella, Škoda, Volkswagen, Mercedes-Benz, BMW, Peugeot, Plastika; turnover of CZK 600 million/EUR 24 million in 2024) is in insolvency. Company stopped paying its obligations due to shift of automakers away from chrome plating, which was caused by European REACH regulation prohibiting the use of carcinogenic substance hexavalent chromium (Cr6+) in galvanization. Galvanoplast responded to this market change by rebuilding W2 electroplating line to technology without use of Cr6+ and closing other two facilities in city (W1, W3). Firm with total debt of CZK 751 million/EUR 30 million (main creditor is Česká spořitelna with claim of CZK 571 million/EUR 23 million from acquisition loan) applied to court for reorganization
April 3, 2025 | 05:52pm CETflashread more
KBA: New car registrations in Germany down by 3.9% in March, by 4.3% to 664,571 in Q1 (motorcycles -32.8%, -40.7%; buses +6.7%, -15%; vans/trucks -13.7%, -11.7%; trailers -1.4%, -5.5%). Electric vehicle sales grew by 40% to 176,767 in Q1 (112,968 BEVs +38.9%, 63,799 PHEVs +41.8%), representing share of 26.6% (17+9.6%)
April 3, 2025 | 05:47pm CETflashread more
Marketing & PR Director Marek Vodička to leave AB Motors CZ (AutoBinck Group; MG distributor in Czechia) on April 4. We reached this decision in connection with organizational changes aimed at more effective management of marketing activities and better interconnection between AB Motors CZ and AutoBinck Car Distribution International, Králíček said. Dominika Beranová, MG brand manager, to take over coordination of marketing and PR activities between both entities (AB Motors, ACDI)
April 2, 2025 | 01:41pm CETflashread more
Czech & Slovak Sustainability Summit 2025: Atoz Marketing Services to hold 3rd conference on sustainability in Prague, Czechia on April 10. Representatives of Škoda Auto, Daikin, Camea, KB (Komerční banka), Raiffeisenbank, ČS (Česká spořitelna), ISFC (International Sustainable Finance Centre), ACT Commodities, Enviros, Rezolv Energy, Veolia, Institut 2050, VŠCHT, ČVUT, VŠB-TUO, MŽP, SP ČR (Confederation of Industry and Transport of Czech Republic) to speak at avent
April 2, 2025 | 01:34pm CETflashread more
CzechToll (ITIS Holding, PPF Group): Carriers paid record CZK 17.16 billion (EUR 688 million, +15%) in tolls in Czechia in 2024. Increase is mainly due to new CO2 emission charge introduced in March 2024, which accounts for approximately 15% of total tolls paid. Freight transport intensity grew by 3% to 1.16 billion toll transactions. At end of 2024 as many as 882,000 vehicles weighing over 3.5 tons registered in electronic toll system, of which over 700,000 vehicles had foreign license plate numbers. For registered vehicles, CzechToll issued 659,000 on-board units to carriers
April 2, 2025 | 01:21pm CETflashread more
eFleet Day 2025: Slovak Electric Vehicle Association (SEVA), MôjElektromobil.sk to hold 4th conference on possibilities of electrification of vehicle fleets in companies in Šamorín near Bratislava, Slovakia on April 9, test drives with more than 60 BEVs (Škoda, Mercedes, Renault, Ford, Hyundai, Kia, MG, Porsche, Alfa Romeo, BMW, Citroën, Cupra, Farizon, Fuso, Mini, Nissan, Opel, Peugeot, SEAT, Volvo, Xpeng, Volkswagen Commercial Vehicles), presentation of products and services (ČSOB Leasing, Visa, EES, Applipower, Ayvens, eJoin, IBG). Representatives of Škoda Auto Slovensko, Mercedes-Benz Slovakia, Emil Frey Group/Peugeot, Scania CER, Voltia, ZSE Drive, Ionity, Slovenské elektrárne, GreenWay Infrastructure, Greenlogy, OMV, NearCharger.com, ČSOB, ČSOB Poisťovňa, Global Payments, D-Tax, 3Mon, Wattiva, Siemens Healthineers, GO4, SAPI, RAP/EU to speak at conference
March 31, 2025 | 08:51pm CETflashread more
AutoSAP: 23,704 (passenger) electric vehicles produced in Czechia in February (+153%; 19,136 battery electric vehicles, +189.8%, 4,568 plug-in hybrids, +65.1%), of which 23,673 cars (+152.6%; Škoda: 15,794 BEVs, +337.6%, 2,391 PHEVs, +127.5%; Hyundai: 3,311 BEVs, +10.6%, 2,177 PHEVs, +26.9%) and 31 buses (SOR: 0 BEVs; Škoda Electric: 0 BEVs; Iveco: 31 BEVs)
March 31, 2025 | 08:46pm CETflashread more
JATO Dynamics: Sales of Chinese-owned car brands in Europe (28 countries) rose by 30% to 66,867 new cars (19,800 BEVs – Volvo 6,656 -30%, BYD 4,436 +94%, Polestar 2,405 +84%, MG 2,260 -67%, Xpeng 1,034 +259%, Leapmotor 900) in February, representing market share of 6.9% (+1.7 pp y/y). Registrations of Chinese brands increased by 82% to 40,643 vehicles, representing market share of 4.2% (+1.9 pp y/y)
March 31, 2025 | 08:40pm CETflashread more
SMMT: Vehicle production in UK down by 11.6% y/y to 82,178 in February, of which 73,814 cars (-7.6%) and 8,364 commercial vehicles (-35.9%; buses, coaches, vans, trucks, taxis). Manufacturing of battery electric vehicles (BEVs), plug-in hybrids (PHEVs) and hybrids (HEVs) down by 5.6% to 27,398 units, representing 37.1% share in total car production in country (February 2024: 36.3%)
March 31, 2025 | 08:35pm CETflashread more
ČSÚ: Car prices in Czechia down by 0.2% m/m in February, by 0.4% y/y (new: -0.4%, +1.3%; used: -0.1%, -1.5%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (+0.8%, +1.4%), spare parts and accessories (+0.6%, +1.6%), fuels and oils (+0.6%, -3.9%), maintenance and repairs / service works (+1.2%, +6.8%)
March 31, 2025 | 08:29pm CETflashread more
GlobalData: New diesel car (including diesel hybrid) sales in Western Europe down by 23.9% in February, penetration (share) down by 3.3 pp. Diesel market leaders include Volkswagen Group (102,600 in first two months), Mercedes-Benz (36,000), Stellantis (33,700), BMW (30,400), Ford (15,600), JLR/Jaguar Land Rover (8,300), Renault (6,700), Hyundai-Kia (6,400), Toyota (4,200)
March 31, 2025 | 08:25pm CETflashread more
AutoSAP: Car production in Czechia down by 7.8% y/y to 120,515 in February (Škoda+SEAT/Cupra -0.9%, Hyundai -18.3%, Toyota -19%). Buses (Iveco +16.8%, SOR -52.4%, Škoda Electric 0 units), motorcycles (Jawa -29.9%) successful differently. Slower pace of new passenger car production, correlated with decline in registrations in main European markets of Germany (-6.4%), France (-0.7%), Italy (-6.2%) or UK (-1%), is also reflected in February domestic production data, Petzl said. Electric car production increased by 152.6% to 23,673 BEVs and PHEVs, while internal combustion engine (ICE) car manufacturing decreased by 20.2% to 96,842 units
March 31, 2025 | 08:19pm CETflashread more
Changes
Kia Asistent: Kia launched client application for smart phones in Czech Rep
March 27, 2015 | 12:33am CEToriginalPartner, diverse information (assistance, service, transport, tourism), assistance in crisis situations, discount program...
read moreEnergy and Industrial Holding expanded cooperation with Arval
March 25, 2015 | 11:47pm CEToriginalThe cooperation has been under way in Slovakia for five years, now it is being started in the Czech Republic. Number of vehicles, brands and models, the length of the lease, the transition to operating lease...
read moreMahindra reportedly leads talks about buying designer studio Pininfarina
March 25, 2015 | 11:33pm CEToriginalNeither of the companies confirmed it. The current value of the company, its financial results in recent years, projects for Mahindra...
read moreTrade unions of Futaba Industrial’s Czech plant declared strike alert
March 24, 2015 | 11:57pm CEToriginalIt happened a while after unionists of the main client did the same. Negotiations on a new collective agreement, the desired increase in salaries, HR...
read moreChemChina to buy Pirelli in several steps
March 24, 2015 | 11:50pm CEToriginalFirst, it will obtain a share of the Italian holding company Camfin. The transaction value, personnel changes, reaction of the stock market, ChemChina’s activities in the tire field...
read moreSkoda Auto: New investment in Kvasiny to create around 400 jobs at suppliers
March 24, 2015 | 11:39pm CEToriginalMemorandum on cooperation in the development of the local industrial zone, the amount of indirect state support, land acquisition, plant expansion details...
read moreVolkswagen to cut production in Russia again
March 24, 2015 | 12:05am CEToriginalThe factory producing Skoda cars concerned, reduced production, layoffs, shutdowns, timing...
read moreOne manager to leave Czech representation of Hyundai Motor
March 23, 2015 | 11:56pm CEToriginalThe manager and his professional career, position, timing, his successor...
read moreUnions in Czech plant of Toyota and PSA announced strike alert
March 23, 2015 | 11:49pm CEToriginalThis happened a week before the end of the existing collective agreement, but the timeframe for the new agreement is different. Reasons, term of the next discussion...
read moreRussia to support domestic car makers by EUR 150 million
March 23, 2015 | 11:37pm CEToriginalThe production slump in February, the decline in margins, production aid even in Q1, discounts for trade-in and financing, a possible term of the return to growth in the automotive market...
read moreNovem Car Interior Design acquired new client
March 22, 2015 | 11:57pm CEToriginalProduction will be ensured in the Czech Republic. The project in question, deliveries to European customers in the year 2013/2014, the plan for the year 2014/2015...
read moreSkoda Auto offered employees pay rise of 2.6% in Czech Rep
March 22, 2015 | 11:46pm CEToriginalThe union refused it and threatens to strike. Negotiations about the form of flexible accounts, bonus for company management in 2014…
read moreToyota and PSA want to reduce costs in Czech plant by 30% by 2017
March 20, 2015 | 12:52am CEToriginalOngoing collective bargaining, unions’ demands, suggestions of TPCA, comparison with 2014...
read moreOne Fiat dealer in Czech Rep sells multi-brand complex
March 18, 2015 | 11:57pm CEToriginalThe company, location, brands, price of the property, turbulent changes in the portfolio, a change of the partner for financing of stock cars, financial results...
read moreGM to end production in Russia and reduce sales activities here to minimum
March 18, 2015 | 11:39pm CEToriginalReasons, timing, the withdrawal of the Opel brand, reduction of the Chevrolet brand, the continued Cadillac brand, related costs, joint ventures...
read moreNew Lexus showroom to be built in Czech Rep
March 18, 2015 | 12:08am CEToriginalInvestor and its other activities, location, reasons for the construction, timing...
read moreHlava (Kiekert): Acoustics will play greater role in locking systems
March 17, 2015 | 11:53pm CEToriginalProduction growth in the Czech Republic, new orders, expansion of the R&D centre, a new acoustic chamber, HR, payroll, a high proportion of temporary employees, clients, great potential in the US and China...
read moreInvestor entered Keri, acquiring majority stake
March 17, 2015 | 01:47am CEToriginalThe Private Equity company and its profile, the new shareholder structure, financial results of Keri, financing bank, transaction advisors...
read moreGM to suspend production in Russia
March 16, 2015 | 11:45pm CEToriginalPeriod of the production downtime at a factory in St. Petersburg, sales view of Toyota in 2015...
read moreWages of employees of Czech plant of Hyundai to rise by 3.3%
March 16, 2015 | 11:36pm CEToriginalAgreeing on an addendum to the collective agreement after two months of negotiations, increase in the bonus for meeting the production plan, comments...
read moreNew Maserati showroom to be built in Czech Rep
March 16, 2015 | 02:34am CEToriginalInvestor, location, reasons for the construction, timing, sales of new Maserati cars on the Czech market in 2014...
read moreFormer Allianz top manager to become new head of Ceska pojistovna
March 15, 2015 | 11:49pm CEToriginalHe has been working in the insurance industry for nearly 25 years, being also the head of the association of insurance companies in one country in Central Europe. Jaroslav Mlynar’s successor, timing...
read moreLouwman increased new car sales in Czech Rep by 40% in 2014
March 15, 2015 | 11:36pm CEToriginalThe interest in individual brands Toyota, Lexus, Ford and Suzuki, used car sales, the Czech HEV market leader, the new Toyota showroom...
read moreOICA: Global vehicle production increased by 3% in 2014
March 15, 2015 | 11:26pm CEToriginalSituation on each continent, leaders, output growth in the Czech Republic at a double-digit pace, sales...
read moreVolvo Easily: Volvo began offering operating leases for consumers in Czech Rep
March 12, 2015 | 11:28pm CEToriginalThe financial partner, the length of the lease, the parameters of full-service leasing, affected models, prices...
read more
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