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AutoBinck: Adam Průša, former advertising manager, appointed as new head of marketing and communication of Mitsubishi Motors on Czech and Slovak markets (M Motors CZ, M Motors SK). Position of marketing & PR director for Mitsubishi and MG brands in Czechia and Slovakia previously held by Marek Vodička, who will continue to focus only on MG on Czech market (AB Motors CZ)
February 7, 2024 | 04:20pm CETflashread more
Škoda Auto, unions agreed on increase in wage tariffs in Czechia (37,000 employees, average salary CZK 69,500/EUR 2,780 in H1 2023) by 5% from April 1, night work surcharge by CZK 10 to CZK 50 (EUR 2) per hour, contribution to supplementary pension savings by CZK 100 to CZK 1,700 (EUR 68). For 2023, employees to receive variable bonus of CZK 96,000 (EUR 3,840) and one-off premium of CZK 4,000 (EUR 160) in May, i.e. total of CZK 100,000 (EUR 4,000) out of approximately CZK 170,000 (EUR 6,800) paid in total during 2024 on guaranteed and variable bonus and agreed one-time payment
February 6, 2024 | 12:36pm CETflashread more
Car of the Year 2024 in Czech Republic: BMW 5 Series (BEV, PHEV, MHEV), Hyundai Ioniq 6 (BEV), Kia EV9 (BEV), Mercedes-Benz E-Class (PHEV, MHEV) and Subaru Crosstrek (MHEV), all with electric or electrified drive, advanced to final, jury of 20 motoring journalists decided
February 6, 2024 | 12:26pm CETflashread more
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023, including 172,421 cars (+2.68%) to 6.6 million. Average age increased by 0.28 year (+1.48%) to 19.22 years, by 0.28 year (+1.76%) to 16.21 years. Over past 10 years, 2.3 million vehicles (+34.51%) added to Czech roads, of which 1.78 million cars (+36.88%), average age up by 2.56 year (+15.37%) and by 2.43 year (+17.63%)
February 5, 2024 | 04:58pm CETflashread more
Car of the Year 2024 (COTY): BMW 5 Series (BEV, PHEV, MHEV), BYD Seal (BEV), Kia EV9 (BEV), Peugeot E-3008/3008 (BEV, PHEV, MHEV), Renault Scenic (BEV), Toyota C-HR (PHEV, HEV) and Volvo EX30 (BEV), all with electric or electrified drive, advanced to final for European car of year poll
February 5, 2024 | 04:48pm CETflashread more
Witte Automotive acquired majority stake in Forez BG (former Forez plant in Ruse, Bulgaria; manufacturer of plastic mouldings for Witte Automotive Bulgaria with 60 employees; Tier 2 supplier with turnover of EUR 6 million) from FH Holding (formerly Forez Holding; Martin Pecháček, Serge Faltus, Ladislav Bako, Martin Karlík), renaming it Witte Injection Molding Bulgaria. BPV Braun Partners and Komarevski Dimitrov & Partners (KDP) advised buyer, PwC Legal advised seller. Witte to double its factory in Ruse with third hall and simultaneously to expand production in newly acquired plant by around 50% with construction of 1,200 sqm hall
February 1, 2024 | 03:55pm CETflashread more
Car of the Year 2024 in Czech Republic: 21 cars of 18 brands nominated for poll (Alfa Romeo Tonale Q4 PHEV, Audi Q8 e-Tron, BMW 5 Series, Citroën C4 X, Ford Bronco, Honda CR-V, Hyundai Ioniq 6, Kona Electric, Jeep Avenger, Kia EV9, Lexus LM, RX, RZ, Mercedes-Benz E-Class, MG4 Electric, Mitsubishi ASX, Opel Astra ST GSE, Porsche Cayenne, Renault Espace, Subaru Crosstrek, Toyota Prius PHEV), including one model already nominated in 2023 year (Alfa Romeo Tonale) and two facelifts (Audi Q8 e-Tron, Porsche Cayenne) and three derivatives not qualified for European COTY (Citroën C4 X – longer version of Citroën C4, Mitsubishi ASX – rebadged Renault Captur, Opel Astra Sports Tourer – station wagon version from Opel Astra)
February 1, 2024 | 03:44pm CETflashread more
Genesis Private Equity Fund IV (GPEF IV) from Genesis Capital group acquired majority stake in STT Servis (manufacturer of metal components, constructions of production lines for automotive, logistics, other industries with 40-50 employees in Dlouhá Loučka, Czechia; customers, projects: Mercedes-Benz, Jaguar; turnover of over CZK 250 million/EUR 10 million in 2022) from founders (Tomáš Ticháček, Šárka Ticháčková). KPMG and Wolf Theiss advised sellers, JŠK advised buyer
January 31, 2024 | 04:37pm CETflashread more
Car of the Year 2024 (COTY): 28 cars of 18 brands (BMW 5 Series, XM, BYD Atto 3, Dolphin, Han, Seal, Fiat 600e, Ford Bronco, Honda CR-V, e:NY1, ZR-V, Hyundai Ioniq 6, Kona, Jeep Grand Cherokee, Kia EV9, Lexus RZ, Lucid Air, Mercedes-Benz E-Class, Mercedes-EQ EQE SUV, Nio ET7, Peugeot E-3008/3008, Renault Espace, Scenic, Smart #1, Toyota C-HR, Prius, Volkswagen ID.7, Volvo EX30) nominated for European car of year poll
January 31, 2024 | 04:08pm CETflashread more
AutoBinck completing separation of distribution of MG Motor on Czech, Slovak markets from import of Mitsubishi Motors (M Motors CZ, M Motors SK), standalone MG sales representations (AB Motors CZ, AB Motors SK) to start operating from February 1. Distributor signs new dealer contracts and introduced complete team for Czechia (managing director Martin Králíček, sales director Jan Šnajdr, sales manager Michal Rambousek, fleet manager Jiří Forman, marketing & PR director Marek Vodička, financial controller Martin Čech), while back office to be shared (shared service centre) for entire ACDR (AutoBinck Car Distribution and Retail) division. Some dealer contracts not to be renewed, Králíček said
January 30, 2024 | 01:45pm CETflashread more
Honda Civic hybrid (HEV; 123 points) became Car of the year 2023 in Czech Republic, followed by BMW X1 (PHEV, BEV; 83), Volkswagen ID.Buzz (BEV; 83), Renault Megane e-Tech (BEV; 79), Peugeot 408 (PHEV; 75) and Ford Ranger (57), jury of 20 motoring journalists decided
January 30, 2024 | 01:24pm CETflashread more
SMMT: Car production in UK up by 20.7% y/y in December and by 16.8% to 905,117 in 2023 (Nissan: 324,893, +36.3%; Jaguar Land Rover: 238,422, +17.6%; Mini: 184,996, -0.7%; Toyota + Suzuki: 122,193, +15.7%; Bentley: 12,859, -17.8%; Aston Martin + Caterham + LEVC + Lotus + McLaren + Morgan + Rolls-Royce: 21,754, +28.4%; Vauxhall + Citroën + Peugeot: 0, -100%), commercial vehicle (vans, trucks, taxis, buses, coaches) manufacturing by 80.3% and by 18.5% to 120,357
January 26, 2024 | 04:40pm CETflashread more
Yemeni Houthi attacks in Red Sea: Tesla to suspend most production in Grünheide near Berlin, Germany (Gigafactory Berlin-Brandenburg with 11,500 employees; Model Y BEVs) for two weeks (January 29 – February 11) due to shortage of components from China caused by shifting transport routes between Asia and Europe via Cape of Good Hope
January 26, 2024 | 04:31pm CETflashread more
Škoda Auto delivered 866,800 vehicles to customers in 2023, representing increase of 135,500 units/18.5% (Octavia 191,900 cars, +36%; Kamiq 116,500, +21%; Kodiaq 105,900, +12.1%; Karoq 100,100, +14.1%; Fabia 94,400, +1.9%; Enyaq 81,700, +52.1%; Superb 67,400, +10.9%; Scala 59,200, +49.8%; Kushaq 26,600, -0.6%; Slavia 19,900, -4.9%; Rapid 3,300, -81%) and return to level of 2021 (878,200). Sales in Europe (712,000, +23.9%) and some Asian countries (Turkey 33,600, +81.8%; Israel 14,500, +7.3%; Taiwan 10,000, +51.5%) grew, India (48,800, -5.8%) and China (22,800, -48.9%) experienced decline
January 26, 2024 | 04:24pm CETflashread more
Janeček (PwC): Car production in Czechia to decline slightly in 2024 (2023: 1.4 million)
January 25, 2024 | 03:37pm CETflashread more
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ, formerly Swell; provider of research, development/R&D, testing services for automotive, railway, aviation, space industries with more than 150 employees in Hořice and Mladá Boleslav, Czechia; sales revenues of CZK 300 million/EUR 12 million in 2022) to managers (Petr Havlík 12.5%, Jaromír Kejval 7.5%, Milan Křovina 5%), BHS Private Equity Fund (70%), Versute Investments (5%), who renamed it Tiyo. Arrows advised managers in MBO/LBO (management/leveraged buyout) transaction, Schönherr (Schoenherr) advised BHS fund, CMS advised seller
January 25, 2024 | 03:19pm CETflashread more
Witte Automotive, ADAC Automotive, Strattec Security Corporation agreed to split joint venture VAST (Vehicle Access Systems Technology) Automotive Group (formerly VAST Alliance) after 23 years of partnership. ADAC to take over VAST's activities in Brazil, Strattec to acquire branch in South Korea, Witte to become sole owner of VAST Automotive Group with operations in China, India (Minda VAST Access Systems/MVAS), Japan
January 24, 2024 | 02:52pm CETflashread more
AutoSAP: 8,134 (passenger) electric vehicles produced in Czechia in December and 180,910 in 2023 (+34%; 6,408 and 130,594 battery electric vehicles, +49.9%; 1,726 and 50,316 plug-in hybrids, +5.1%), of which 8,132 and 180,887 cars (Škoda: 4,035 and 86,732 BEVs, 135 and 22,103 PHEVs; Hyundai: 2,371 and 43,839 BEVs, 1,591 and 28,213 PHEVs) and 2 and 23 buses (SOR: 2 and 23 BEVs, 0 and 0 PHEVs; Škoda Electric: 0 and 0 BEVs, 0 and 0 PHEVs)
January 24, 2024 | 02:41pm CETflashread more
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