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Delahegue: Electropoli (Trail Capital, China Synergy Fund/CICC Capital/TPG; electroplating shop for metal parts for automotive, aerospace & defense, energy industries with 1,400 employees in France, Czechia, Poland; customers: Fiat, Opel, Toyota, Volkswagen, Ford, Mercedes, Suzuki, BMW, Isuzu, Audi, Volvo, Peugeot, Citroën, Renault, Iveco, MAN, Škoda, Scania; turnover of EUR 100 million) works on numerous new mobility projects covering in particular needs of electric vehicles
July 18, 2023 | 10:52am CETflashread more
Former executives of UniCredit Leasing and ČSOB Leasing in Czechia and Slovakia, Jaroslav Jaroměřský and Lukáš Musílek, founded consulting firm AuDePor (50/50 joint venture) for car dealers and other automotive companies, becoming member of Czech Association for Motor Trades and Repairs (SAČR)
July 18, 2023 | 10:44am CETflashread more
Sales (deliveries to customers) of battery electric vehicles (BEV) of Volkswagen Group up by 53% in Q2, by 48.1% to 321,600 in H1 (VW +51.6%, +42.2%; Škoda +41.3%, +41%; SEAT+Cupra +60.3%, +128.7%; VW Commercial Vehicles +1,680%, +998.6%; Audi +59.2%, +51.2%; Porsche -6%, -4.7%; MAN -7.1%, -26.2%; VW Truck & Bus +1,050%, -65%; Scania +9.2%, +62.9%; Navistar -40%, -36.4%). VW ID.4/ID.5 (101,200 cars), VW ID.3 (49,800), Audi Q4 e-Tron (including Sportback, 48,000), Škoda Enyaq iV (including Coupé, 31,300), Audi e-Tron/Q8 e-Tron (including Sportback, 19,500) were best-selling BEVs in H1. Order bank in Western Europe remains good at around 200,000 vehicles (-60,000 q/q), automaker said
July 17, 2023 | 11:44am CETflashread more
William King (supplier of steel, aluminium for automotive, other industries with 150 employees in West Bromwich near Birmingham, UK; clients: Jaguar Land Rover plants in UK, Slovakia) returned to pre-tax profit of GBP 655,000 in FY 2021/2022 (July-June) after GBP 1.7 million loss in FY 2020/2021 at 13% drop in turnover to GBP 133.6 million. Consolidated turnover including share in Mi-King (50/50 joint venture with Mitsui & Co. with plants in UK, Czechia) fell by 9% to GBP 181 million
July 17, 2023 | 11:28am CETflashread more
Ideal Automotive (manufacturer of textile lining components for vehicle interiors, exteriors, luggage compartments with more than 4,000 employees in Germany, Czechia, Slovakia, Poland, Mexico, China; customers, projects: Mercedes-Benz EQC N293, E-Class, S-Class, Mercedes-AMG GT 4-Door Coupé X290, Audi A3, A4, A6, A7, Q7, Lamborghini, Bentley, Porsche Taycan, SEAT, Škoda, Volkswagen Golf A8/Mk8, ID.3, Bugatti, BMW 3 Series Sedan G20, 2 Series Gran Coupé F44, 2 Series Active Tourer U06, Mini, Rolls-Royce, McLaren Automotive, Opel, Suzuki, Tesla, Volvo, Adient, Auria Solutions, Autoneum, Borgers, Brose, Concorde Group, Dräxlmaier, ElringKlinger, Faurecia, Feltex Automotive, Con-Pearl/Friedola Tech, Fehrer, Greiner, Grupo Antolin, Honsa/Koller, Lear, Prevent TWB, Simoldes Plasticos, Sitech, SMP Deutschland/Samvardhana Motherson Peguform, Trèves) won order for BMW X1/iX1 U11 (SWB)
July 17, 2023 | 11:19am CETflashread more
Sales (deliveries to customers) of Volkswagen Group up by 5.7% in June, by 18% in Q2, by 12.8% to 4.37 million in H1 (VW -2.4%, +13.1%, +7.2%; Škoda +19.3%, +27.7%, +19.9%; SEAT+Cupra +24.3%, +20.9%, +28.1%; VW Commercial Vehicles +39.1%, +41.5%, +29.4%; Audi +11.5%, +22.9%, +15.5%; Lamborghini+Bentley -0.9%, -6.7%, -0.4%; Porsche -1.7%, +11.8%, +14.7%; MAN +78.3%, +85.8%, +61%; VW Truck & Bus -39.1%, -42.1%, -29.3%; Scania +15.8%, +18%, +26.1%; Navistar +10.9%, +14.7%, +22.7%)
July 14, 2023 | 11:46am CETflashread more
Hoberg & Driesch (distributor of seamless, welded pipes, tubes for automotive, mechanical engineering, construction, energy industries with 550 employees in Germany, Turkey, Czechia, France, Finland, Sweden, Spain) established in Čačak, Serbia with local partner SSM Steel branch with storage facilities for Southeast Europe, headed by Nenad Djordevic. In second step, Hoberg & Driesch Southeast Europe to enhance tube processing capacities especially with view to automotive sector, company said
July 14, 2023 | 11:37am CETflashread more
ČSÚ: Car prices in Czechia up by 0.1% m/m in June, by 0.4% y/y (new: +0.1%, +6.1%; used: +0.0%, -3.1%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-2.8%, -0.1%), spare parts and accessories (-0.5%, +7.3%), fuels and oils (+0.5%, -25%), service works (+0.3%, +16.9%)
July 14, 2023 | 11:27am CETflashread more
AAA Auto (Aures Holdings) Barometer: 107,665 used cars (1,163 HEVs, -298 m/m, +309 y/y; 815 BEVs, -85 m/m, +408 y/y) advertised in Czechia in June with mean value (median) of price of CZK 209,000 (EUR 8,770; +CZK 0/+0% m/m, +CZK 19,000/+10% y/y) after May's m/m growth of CZK 14,000/7.2%. Offer fell by 17,955 cars (-14.3%) m/m, grew by 8,969 units (+9.1%) y/y. Number of ads decreased throughout Central Europe m/m, prices are stable (Poland: -13,000 cars, PLN 29,999/CZK 160,500; Slovakia -7,000 cars, EUR 8,599/CZK 203,000)
July 13, 2023 | 11:57am CETflashread more
Batz (Mondragon Corporation; manufacturer of components for automotive, aerospace industries with 1,200 employees in Spain, Portugal, Czechia, Mexico, USA, China; customers: Volkswagen, Audi, SEAT, Porsche, Škoda, Bentley, GM, Cadillac, Chevrolet, Buick, Suzuki, Toyota, Mazda, Chery, Jaguar, Land Rover, Ford, Mercedes-Benz, BMW, Mini, Renault, Nissan, Peugeot, Citroën, Vauxhall, Opel, Lucid, Fiat, Alfa Romeo, Chrysler, Dodge, Jeep, GAC, Volvo, BAIC, Foton, Borgward, SAIC, FAW, Qoros, Changan, Nio; turnover EUR 200 million in 2022) extended testing of pedal assemblies (clutch, brake, accelerator pedals) with noise tests, equipped test facilities with Hottinger Brüel & Kjaer (HBK) data acquisition tools for sound and vibration testing data acquisition (LAN XI Acquisition Hardware, BK Connect Data Processing, HBK Microphone Type 4961-H-041, Uniaxial Accelerometer Type 4534-B)
July 13, 2023 | 11:48am CETflashread more
General Motors (GM) selected Lear as supplier of front, rear seats for 2024 Chevrolet Silverado EV electric pickup truck, which to be manufactured at Factory Zero in Detroit-Hamtramck, Michigan, USA. In addition, high-end RST model to offer folding 40/60 split second-row seat and bulkhead wall between cabin and cargo space (Multi-Flex Midgate), providing flexible configurations to expand load floor of truck bed into cab for transporting long items
July 13, 2023 | 11:41am CETflashread more
Senior Flexonics produced 3.01 million parts (-3.9%, 2021: 3.14 million) at plant in Olomouc, Czechia (manufacturing of tubes for oil lubrication systems of turbochargers in diesel and petrol engines, exhaust gas recirculation/EGR of diesel engines, cooling engine systems, air conditioning, controlling and routing roof windows with 220 employees; customers: Ford, Renault, Volkswagen, Audi, Bentley, Jaguar Land Rover, Volvo Trucks, Renault Trucks, Proton, Honda) in 2022, sales revenues up by 13.2% to CZK 544 million (EUR 22.7 million). Factory (Senior Flexonics Czech) won several new orders not only in field of tubes for trucks, approaching also Tier 1 suppliers with development of e-mobility (hybrids, electric vehicles)
July 12, 2023 | 02:56pm CETflashread more
PwC increased 2023 Czech new car registrations forecast from 190,000-220,000 (-1% to +15%) to 210,000-220,000 units (+9% to +15%), taking into account development in Q2. We assume that second half of 2023 will continue to be marked by lower demand, especially from households. These are responding to uncertainty of economic development and high inflation, which reduces real wages, Janeček said, adding that he perceives improving situation on supply side and some automakers are already reporting production without problems with availability of inputs
July 12, 2023 | 02:48pm CETflashread more
Energy crisis, ESG: Gumotex (manufacturer of rubber, plastic products with 1,700 employees in Břeclav, Jaroměř, Třebíč and Rožnov pod Radhoštěm, Czechia and Myjava, Slovakia; customers: Volkswagen, Škoda, Audi, Porsche, Bentley, BMW, Mini, Rolls-Royce, Tatra, Mercedes-Benz, Ford, Peugeot, Citroën, Renault, Iveco, Lear, Faurecia, Grammer, BOS, Grupo Antolin, Magna; revenues CZK 3 billion/EUR 125 million) to build rooftop photovoltaic (PV) power plant in Břeclav in 2022-2024 with solar panels with peak output of 451 kWp. Project is financed with support of European Union (EU) from National Recovery Plan (administered by Ministry of Industry and Trade of Czech Republic/MPO)
July 12, 2023 | 02:40pm CETflashread more
Fischer Surface Technologies (DPE Deutsche Private Equity; manufacturer of chrome-plated plastic parts for interior, exterior of cars with more than 700 employees in Germany, Czechia; clients: Audi, Bentley, Porsche, Škoda, Volkswagen, BMW, Rolls-Royce, Mercedes-Benz, Jaguar, Land Rover, Volvo; turnover EUR 70 million), HSO Herbert Schmidt developed new dark (matt) chrome shade, where darkening of high gloss chrome surface secured by chromium sulfate electrolyte together with darkening agents (trivalent chrome without cobalt alloys)
July 11, 2023 | 09:34am CETflashread more
CarGarantie: Average car repair costs grew by 3.7% to EUR 618 per claim in 2022
July 11, 2023 | 09:28am CETflashread more
Schaeffler opened 15,000 sqm plant in Szombathely, Hungary, second in city (Schaeffler Savaria, Szombathely II/2) and first in group fully focused on e-mobility. Factory was built to high standard of sustainability (photovoltaic arrays/PV, rooftop solar panels, re-use of treated wastewater, heat pumps). Company created 150 jobs in production of components, systems for electrified powertrains (stators, rotors, synchronous and asynchronous electric motors, hybrid drives). Schaeffler plans to more than double annual production to 1.8 million products in 2026-2029 from 800,000 in 2023
July 11, 2023 | 09:21am CETflashread more
KS Huayu AluTech (50/50 joint venture of Rheinmetall, HASCO/SAIC; manufacturer of lightweight casted aluminium components with 3,600 employees in Germany, China; sales revenues of EUR 810 million) won 10-year order from major German premium automaker for carrier plates for high-voltage battery control components, series production to start in Neckarsulm, Germany in 2024, with supplies to OEM's Central European battery factory through to 2033
July 10, 2023 | 01:42pm CETflashread more
AEB: Sales of new cars, vans in Russia up by 88.3% in June, down by 3.1% to 358,921 in H1. Sales volume is higher (+133% to 87,357, +9.9% to 428,308), according to PPC JSC/JSC PPK (PIC/Passport Industrial Consulting – joint venture of JSC Electronic Passport/Rostech, LLC Autostat)
July 10, 2023 | 01:34pm CETflashread more
Senior Flexonics (Senior's division focused on production of tubes/pipes, other products for automotive, energy industries; customers: Cummins, Caterpillar, Daimler/Mercedes-Benz, Scania, Tata, Ford, JCB, Renault, MTU Friedrichshafen/Rolls-Royce Holdings, Volkswagen, Audi, Bentley, Jaguar Land Rover, Volvo Trucks, Renault Trucks, Proton, Honda) won contracts from Honda Motor for exhaust flexible connectors for 1.5 liter and 2.0 litre gasoline/petrol engines (used in 11th generation Civic), components to be supplied from plants in India and China
July 10, 2023 | 01:27pm CETflashread more
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