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Constellium agreed with Renault Group to establish closed-loop recycling process for Renault Megane E-Tech Electric BEV. Company supplies carmaker with aluminium body elements from plant in Neuf Brisach, France, where Constellium is investing EUR 130 million in new recycling center with capacity of 130,000 tons by 2025
January 5, 2024 | 03:14pm CETflashread more
AAA Auto (Aures Holdings) Barometer: 88,164 used cars (1,134 HEVs, -286 m/m, +383 y/y; 654 BEVs, -112 m/m, +221 y/y) advertised in Czechia in December 2023 with mean value (median) of price of CZK 212,000 (EUR 8,600; +CZK 2,000/+1% m/m, +CZK 12,000/+6% y/y). Offer fell by 20,476 cars (-18.8%) m/m, grew by 4,771 cars (+5.7%) y/y
January 5, 2024 | 03:05pm CETflashread more
Generative AI for Automotive 2024: Automotive IQ (IQPC) to hold 1st conference on possibilities of accelerating product development of electric vehicles (EV) and autonomous vehicles (AV), optimizing vehicle design, automating processes, reducing costs using generative artificial intelligence technology in Frankfurt, Germany on February 21-22. Representatives of Toyota Research Institute, Bugatti Rimac, Volvo Cars, BMW Group, Mercedes-Benz, Lufthansa, Continental, Bosch, Valeo, ZF, TOFAS (Türk Otomobil Fabrikasi Anonim Sirketi), CEVT (China Euro Vehicle Technology/Geely), S&P Global, Deontic, Itemis, Fraunhofer FIT, EP (European Parliament) to speak at event
January 4, 2024 | 01:40pm CETflashread more
Vrátný: Ostra Group (ČSAD Ostrava, ČSAD Logistik Ostrava, Kar-Mobil/Kar Group, Nikey, Testcar, Fesh Fesh Group, Adip, Donerre Suspension, Cubespace, STK Ritz, Schäfer a Sýkora Truck Parts) expects turnover of CZK 3.9 billion in 2023 (EUR 158 million, +3%, 2022: CZK 3.8 billion/EUR 154 million) with 800 employees. Kar Group to supply 172 buses (at sales revenues of CZK 880 million/EUR 36 million), of which 83 Iveco (customers: Arriva, Transdev, TQM-Holding, HZS ČR) and 89 Rošero (out of total of 109 midibuses on Iveco Daily CNG chassis for Karlovy Vary Region, remaining 20 vehicles to be delivered by February 2024)
January 4, 2024 | 01:31pm CETflashread more
Sales of new light vehicles in USA grew in December as well as in 2023 (J.D. Power/GlobalData: +9%, +13.2% to 15.47 million, +9.8% to 3.83 million in Q4; Cox Automotive: +6.2%, +11.6% to 15.5 million, -4.2% to 3.81 million in Q4; S&P Global Mobility: +12.6%, +11.6% to 15.4 million, n/a in Q4; Edmunds: n/a, +12.3% to 15.5 million, n/a in Q4)
January 4, 2024 | 01:24pm CETflashread more
Kadlec: CarTec Group (BMW, Mini, Rolls-Royce, BMW Motorrad dealer in Ostrava, Liberec, Prague and Olomouc, service in Brno, Czechia) expects revenues of almost CZK 5 billion (EUR 200 million) in 2023. Profit should stagnate or drop slightly due to more expensive energies, growing wages, higher interest rates (mainly affecting stock financing – cars, motorcycles worth CZK 1 billion/EUR 40 million). Company sells around 1,500 new and nearly 750 used vehicles per year
January 2, 2024 | 04:46pm CETflashread more
AAA Auto (Aures Holdings) Barometer: 808,600 used cars advertised in Czechia in 2023 with mean value (median) of price of CZK 199,000 (EUR 8,050; +CZK 9,000/+4.7%). Offer grew by 23,050 vehicles (+2.9%). Situation in other countries in Central Europe (V4) similar – Poland (1,920,800 cars, -200,000 cars/-9.4%; CZK 167,270/EUR 6,770, +CZK 43,270/+34.9%), Slovakia (415,700 cars, +34,622 cars/+9.1%; CZK 207,400/EUR 8,490, +CZK 40,400/+24.2%)
January 2, 2024 | 04:39pm CETflashread more
Schützinger (Porsche Holding Salzburg): Austrian car market not to exceed 240,000 units in 2023 (+11%, 2022: 215,050 registered cars), ending up almost at level of 2021 (239,803), of which 93,000 cars of Volkswagen Group brands (which would mean record market share of around 39%). New car sales in Austria could achieve 240,000 in 2024
December 31, 2023 | 11:51pm CETflashread more
Toyota Central Europe: Premium segment in Czechia fell by 5% to 18,017 new cars in 2022 (Mercedes 5,309 registrations -17.9% y/y, BMW 4,464 -6.6%, Audi 3,369 +18%, Volvo 2,256 -8.6 %, Lexus 881 +60.2%, Porsche 442 +13.9%, Mini 370 +5.4%, Range Rover 273 -18%, Ford 155 +9.2%, DS 151 +11%, others 347 n/a) when entire Czech car market dropped (by 7.1% to 192,087 units)
December 31, 2023 | 11:37pm CETflashread more
Zirpel (VDIK): German market for passenger electric/electrified vehicles (EVs) to fall by 14% to 715,000 units in 2023 (545,000 BEVs +16%, 170,000 PHEVs -53%; 2022: 832,652 BEVs+PHEVs), sales of new battery electric vehicles in Germany to increase by 14% to 620,000 in 2024
December 31, 2023 | 04:39pm CETflashread more
Slimák: Škoda Auto plans to produce 690,000 transmissions in Vrchlabí, Czechia in 2023 (+28%, 2022: 538,000 units), also 690,000 in 2024 (+0%). Factory created 253 new jobs, switched to 20-shift system (from 15-shift, capacity +140,000 units/year), now produces 15,000 DQ200 gearboxes (seven-speed automatic DSG) per week with 1,100 employees (instead of 11,700 units with 850 employees). Reason for increase in production from 5 to 7 days/week are new projects, higher demand, group guarantee of production even in times of problems (shutdowns in Kassel, Germany when absence of some parts). Supplying also changed from 5 to 7 days (plant receives 352 parts from 94 suppliers, O-oka Corporation in Japan is furthest), hardening plant in Mladá Boleslav helps with hardening
December 31, 2023 | 04:34pm CETflashread more
Peleška: Toyota Motor expects further growth in Czechia in 2023 – 22,000 Toyota customer orders (+4%, 2022: 21,159 contracts), 21,000 vehicles delivered (+43%, 14,688), 8.7% market share (+2.1 pp, 6.6%) in market of 230,000 cars and vans (+10%, 208,995), sales of 7,500 light commercial vehicles/LCVs (1,461 registrations), 1,700 Lexus customer orders (+13%, 1,501), 1,000 contracts for Kinto One operational leasing (320), sale of 8,000 used vehicles in dealer network (+17%, 6,816)
December 31, 2023 | 04:22pm CETflashread more
S&P Global Mobility: Global light vehicle production to grow by 9% to 89.8 million in 2023 (Europe 17.8 million), to drop by 0.4% to 89.4 million in 2024 (Europe 17.4 million, -1.8%; North America 15.7 million, +0,5 %; Mainland China 28.3 million, -0.1%). We do not foresee chip supply problems in 2024 as allocation for automotive is robust and is bolstered by recent stockpiling of chips by vehicle makers, Bouchaud said
December 29, 2023 | 04:49pm CETflashread more
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