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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 CETflash

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 CETflash

KBA: New car registrations in Germany down by 2.1% in July (motorcycles -5.9%; buses +19.7%; vans/trucks -0.4%; trailers +4.3%)

August 9, 2024 | 10:48am CETflash

Floods in Switzerland: Jaguar Land Rover Automotive (JLR) expects production cuts in H2 due to flooding at key aluminium supplier (Novelis). Automaker works on mitigation and recovery, negotiating with other suppliers, including those from Tata Group

August 8, 2024 | 10:50am CETflash

PFA: New car registrations in France down by 2.3% in July (vans up to 5.1 tonnes +8%; trucks -17.8%)

August 8, 2024 | 10:42am CETflash

Sales of new light vehicles in USA apparently grew in July (J.D. Power/GlobalData: +2.8%; Cox Automotive: -1.3%, -2.8% after revision; S&P Global Mobility: +1.7%)

August 8, 2024 | 10:37am CETflash

After leaving CarTec Praha (formerly Auto Base; BMW dealer and Mini service in Prague, Czechia), Jan Jakubec founded Auto Base which opened BMW service in Prague

August 6, 2024 | 02:56pm CETflash

ÈSOB Leasing concluded over 900 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), of which nearly 650 already successfully passed NRB process. Greatest interest is in Tesla vehicles (57%), followed by Volvo (15%), MG (13%), Kia, Ford and BMW

August 6, 2024 | 02:50pm CETflash

JATO Dynamics: Made-in-China car (by both Chinese and non-Chinese brands) sales (registrations) in Europe (28 countries) reached 287,700 units in H1 (+29%, 2023: 223,040), representing market share of 4.2% (+0.8pp, 3.4%) – BEV from 13.1% to 18.2% (+5.1pp), ICE+MHEV+HEV from 1.5% to 2% (+0.5pp), PHEV from 5.7% to 2.1% (-3.6pp)

August 6, 2024 | 02:41pm CETflash

SDA: Vehicle fleet in Czechia up by 108,978 units (+1.21%) to 9.09 million during H1, including 74,215 cars (+1.12%) to 6.67 million. Average age increased by 0.12 year (+0.62%) to 19.34 years, by 0.12 year (+0.74%) to 16.33 years

August 5, 2024 | 01:50pm CETflash

Cebia Summary 2/2024: Average price of used cars in Czechia down by 3% y/y to CZK 287,000 (EUR 11,360) in H1, by 2.5% during Q2

August 5, 2024 | 01:44pm CETflash

ACEA: New commercial vehicle registrations in EU grew in H1 (vans +15% to 840,409; trucks +3% to 183,295; buses+coaches +28.6% to 20,370), individual fuel/power types successful differently (BEV+PHEV: -3.7%, +51.6%, +45.4%; HEV+MHEV: +8.3%, -74.1%, -7.5%; FCEV+NGV+LPG+biofuel/ethanol: +44.5%, -5.6%, +4.6%; petrol: +15.3%, -5.1%, 2 units; diesel: +16.2%, +2.6%, +35.3%)

August 5, 2024 | 01:39pm CETflash

Mototechna (Aures Holdings) Barometer: 45,153 nearly-new used cars (up to 5 years/50,000 km; 2,730 HEVs, 1,643 BEVs) advertised in Czechia in H1 with mean value (median) of price of CZK 659,000 (EUR 26,080). Offer grew by 11%/4,475 vehicles y/y

August 5, 2024 | 01:32pm CETflash

National Development Bank (NRB) accepted 3,141 applications in Czechia during more than four months (18 weeks, March 18 – July 23) 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 2,511 guarantee contracts (for 2,682 vehicles, 1,065 chargers), approved another 183 applications, now assessing 447 applications

July 31, 2024 | 01:36pm CETflash

Floods in Switzerland: Constellium does not supply Porsche from its Swiss plants (Sierre and Chippis, which were flooded on June 30), company said, serving non-automotive (aerospace, defense, transportation, industry) customers from this country. Both factories completed primary cleaning and drying processes after month, Constellium together with insurance company estimated damage at EUR 135 million

July 31, 2024 | 01:29pm CETflash

GlobalData: New diesel car (including diesel hybrid) sales in Western Europe down by 5.8% in June and by 8.9% to 902,900 in H1, penetration (share) down by 1.2pp and 2.1pp to 14.7%

July 31, 2024 | 01:24pm CETflash

JATO Dynamics: Electric / electrified vehicle sales in Europe (28 countries) up by 2% to 1.44 million units (949,981 BEVs, +2%; 489,558 PHEVs, +2%) in H1, representing 21% share in total registrations (penetration, -0.5pp). Tesla Model Y (101,181 cars, -26%) was best-selling battery electric vehicle (BEV), followed by Tesla Model 3 (58,400, +37%), Volvo EX30 (36,980, new), MG4 (31,922, +4%) and Volkswagen ID.4 (29,146, -30%). Volvo XC60 (29,903, +42%) was best-selling plug-in hybrid (PHEV), followed by Ford Kuga (20,848, -21%), BMW X1 (17,669, +59%), Audi A3 (16,835, +200%) and Cupra Formentor (16,464, +80%)

July 31, 2024 | 01:19pm CETflash

AutoSAP: 11,304 (passenger) electric vehicles produced in Czechia in June and 61,913 in H1 (-32.2%; 8,541 and 45,712 battery electric vehicles, -31.5%; 2,763 and 16,201 plug-in hybrids, -33.9%), of which 11,284 and 61,885 cars (-32.2%; Škoda: 5,371 and 27,577 BEVs, -37.9%, 806 and 5,233 PHEVs, -41.6%; Hyundai: 3,150 and 18,107 BEVs, -18.9%, 1,957 and 10,968 PHEVs, -29.5%) and 20 and 28 buses (SOR: 12 and 12 BEVs; Škoda Electric: 0 and 0 BEVs; Iveco: 8 and 16 BEVs)

July 31, 2024 | 01:14pm CETflash

Porsche cut FY 2024 forecast (return on sales from 15-17% to 14-15%, sales revenues from EUR 40-42 billion to EUR 39-40 billion, automotive net cash flow margin from 8.5-10.5% to 7-8.5%, automotive EBITDA margin from 24-26% to 23-24%, BEV share from 13-15% to 12-13%) due to impending shortage of supply of lightweight aluminium body components (due to flooding plant of unspecified European subcontractor – Tier N aluminum alloys supplier) leading to expected shortfalls in production of all vehicle model series (Bernstein: 10,000-17,400 cars in H2) which not to be fully compensated during year

July 29, 2024 | 11:50am CETflash

SMMT: Car production in UK down by 26.6% y/y in June and by 7.6% to 416,074 in H1, commercial vehicle (buses, coaches, vans, trucks, taxis) manufacturing down by 2% and up by 2.9% to 56,956

July 29, 2024 | 11:44am CETflash

AutoSAP: Car production in Czechia down by 14.3% y/y in June, up by 4.9% to 774,310 in H1 (Škoda+SEAT -17.7%, +2% to 473,582; Hyundai -10.5%, -0.6% to 175,950; Toyota -6.6%, +28.6% to 124,778). Buses (Iveco -39%, -11.8% to 2,057; SOR -26.4%, +10.5% to 190; Škoda Electric 0 units, 2 units), motorcycles (Jawa +304.3%, +78.4% to 662), trucks (Tatra n/a, +26.5% to 821, +44.4% in Q2), trailers (Agados n/a, -7.1% to 8,556, -6.8% in Q2; Schwarzmüller n/a, +10.8% to 810, +42.1% in Q2; Panav n/a, +2.3% to 272, +0.8% in Q2) successful differently. Record number of more than 774,000 completed passenger vehicles in first half of year, despite slowdown in production in June, is clear confirmation of success of domestic manufacturers on main European markets and contribution of automotive industry as driving engine of domestic economy, Jahn said

July 29, 2024 | 11:39am CETflash

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) factory in Sierre, Switzerland flooded on June 30. Company suspended production here, planning to resume it in September

July 25, 2024 | 01:32pm CETflash

JATO Dynamics: Dacia Sandero (143,596 registered vehicles, +16%) was best-selling car in Europe (28 countries) in H1, followed by Volkswagen Golf (126,993, +43%), Renault Clio (114,623, +15%), Volkswagen T-Roc (111,381, +0%), Peugeot 208 (107,097, +1%), Škoda Octavia (102,945, +25%), Citroën C3 (102,304, +50%), Tesla Model Y (101,181, -26%), Toyota Yaris Cross (99,694, +3%) and Toyota Yaris (93,576, +10%)

July 25, 2024 | 01:25pm CETflash

National Development Bank (NRB): In Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs), greatest interest is in Tesla vehicles (50%), followed by Volvo (11%), Škoda (6%), Volkswagen (6%), BMW, MG, Hyundai, Mercedes, Kia, Toyota, Ford, Dacia, Renault, Fiat and others (5%). Bank paid out CZK 100 million (EUR 4 million) in financial contributions so far

July 25, 2024 | 01:12pm CETflash

Global IT system outage caused by failed update of CrowdStrike's Falcon cybersecurity software affected 8.5 million Microsoft Windows devices on July 19, including some automotive suppliers (Magna International), insurance companies (Allianz, Generali), car dealers and racing teams (Mercedes-AMG Petronas Formula One/F1 Team)

July 22, 2024 | 11:32am CETflash

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