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Sales of new light vehicles in USA grew in May (J.D. Power/LMC Automotive: +20.4%; Cox Automotive: +20.3%)
June 5, 2023 | 08:36am CETflashread more
Coronavirus: AMS-Osram, Continental terminated 50/50 joint venture for intelligent lighting systems for cars established in 2018, failed to meet expectations. Individual assets of Osram Continental GmbH together with 1,500 employees at 14 locations repatriated to parent companies (Automotive Lighting Systems GmbH/AMLS, Continental Automotive GmbH)
June 5, 2023 | 08:30am CETflashread more
Managing Director for Czechia, Slovakia František Švec left Auto Palace (Audi, Cupra, Ford, Mitsubishi, Mazda, MG, Hyundai, SEAT, Škoda, Opel, Volvo, Peugeot, Volkswagen, BMW, Mini dealer, Fiat, Infiniti service in Prague, Brno, Karlovy Vary, Bratislava). Petra Nováčková, HR Manager of AutoBinck Car Distribution & Retail, to take over operational management as interim Managing Director during temporary period
June 2, 2023 | 09:52am CETflashread more
Toyota Motor Corporation discovered potential data leakage of customer information (in-vehicle device ID, map data updates, updated data creation dates, address, name, phone number, email address, customer ID, vehicle registration number, vehicle identification number/VIN) due to misconfiguration of cloud managed by Toyota Connected Corporation, about 2.15 million owners/users in Japan (260,000 subscribers of T-Connect G-Book, G-Link services in Lexus LS, GS, HS, IS, IS F, IS C, LFA, SC, CT, RX sold since 2007) and some countries in Asia, Oceania. Data was public for about 10 years, but company did not notice its misuse. In response to incident, carmaker implemented system for monitoring cloud configurations and took other measures
June 2, 2023 | 09:48am CETflashread more
Rolls-Royce Motor Cars Prague: Eva Kadlec Dědochová left CarTec Exclusive Cars (CarTec Group). Pavel Kalouš appointed as new Brand Manager and Head of Rolls-Royce dealership in Prague, Czechia, coming from Chronotechna (previously Rockaway Capital, Forbes, Czech News Center/CNC)
June 2, 2023 | 09:44am CETflashread more
Škoda Auto DigiLab to cease operation of electric scooter sharing service BeRider at turn of May, June (over 4.2 million km riden in Prague, Czechia since autumn 2019, 270,000 app downloads, 70,000 registered users), not found partner for further operation and expansion to more cities, countries. Company wants to sell approximately 400 scooters, focusing on key projects related to mobility and digital services for cars
May 31, 2023 | 09:46am CETflashread more
JATO Dynamics: Nearly 32,000 new cars manufactured in China (by both Chinese and Western OEMs, including models such as Lynk & Co 01, MG4, BMW iX3, Smart #1, Polestar 2, Dacia Spring, Citroën C5 X) were sold in Europe (27/28 countries) in April, representing 3.4% share in total registrations (penetration)
May 31, 2023 | 09:39am CETflashread more
Schaeffler sold chain drive division (used in internal combustion and/or hybrid engines of cars, motorcycles, snowmobiles, boats; turnover EUR 150 million; 560 employees at nine locations in Europe, Asia, North and South America – Germany, France, Slovakia, India, China, South Korea, Japan, USA, Brazil; clients: Hyundai, GM, Ford, Mercedes-Benz, Volkswagen, Audi, Porsche, Bugatti, Stellantis, Fiat, Mercury, Renault, Nissan, Great Wall, Jaguar, SAIC, Chery, Mahindra, BMW, KTM, Piaggio, Suzuki, Polaris) to private equity fund Lenbach Equity Opportunities II (LEO II) advised by Dubag Group. Gleiss Lutz advised seller. Schaeffler to focus on e-mobility, LEO II renamed division to Catensys Chain Drive Systems GmbH
May 31, 2023 | 09:34am CETflashread more
Škoda Auto DigiLab suspended/ceased operation of student car sharing service Uniqway (since 2018, 6,000 registered users in Prague, Kladno and Mladá Boleslav, Czechia, 36 Škoda CitigoE iV, Scala, Fabia, Enyaq iV vehicles), not found new external partners for other funding and growth
May 30, 2023 | 05:34pm CETflashread more
JATO Dynamics: Electric / electrified vehicle (BEV, PHEV) sales in Europe (28 countries) up by 26.5% to 197,969 units in April, representing 20.6% share in total registrations (penetration, +1.7 pp). Tesla Model Y (10,553 cars) was best-selling battery electric vehicle (BEV), followed by Volkswagen ID.4 (6,542, +125%), VW ID.3 (5,913, +259%), Škoda Enyaq (4,393, +20%) and Dacia Spring (4,191, +18%). Ford Kuga (4,055, +18%) was best-selling plug-in hybrid (PHEV), followed by Volvo XC60 (3,604, +57%), Lynk & Co 01 (2,740, +29%), Kia Sportage (2,665, +98%) and Hyundai Tucson (2,068, +48%)
May 30, 2023 | 05:21pm CETflashread more
Coronavirus: GreenGo Car Europe (operator of electric Volkswagen e-Up!, Škoda CitigoE iV, Renault Kangoo Z.E. car sharing service in Budapest, Hungary since 2016) terminated service in Prague, Czechia (220 BEVs), refused to further subsidize loss-making operation. Our users drove millions of emission-free kilometers since February 2020, head of Czech branch (GreenGo Car Czech) Šimon Čapek said
May 30, 2023 | 05:15pm CETflashread more
Škoda Auto introduced system in Czechia enabling dealerships/service centers to invest in e-mobility gradually as market grows (so far CZK 75 million/EUR 3 million for equipment, tens of millions of korunas for other activities) – reception of BEV/PHEV by all 225 service points (equipment worth CZK 300,000/EUR 12,700) with 284 certified high-voltage technicians (VNT), transfer of traction battery repairs to 32 expert level services (at least one in each region, CZK 530,000/EUR 22,400) with 38 high-voltage experts (VNE), distributor workshop equipment rental (CZK 2 million/EUR 85,000) for symbolic prices (hundreds of korunas) operating with spare parts logistics (daily delivery), extensive support of carmaker (mechanic/technician training, Elsa workshop manual, ODIS/Offboard Diagnostic Information System + possibility of remote diagnostics, DISS/Direct Information Service System, analysis of problem by specialist of Škoda Auto Technical Service Center in service shop or in analysis workshop). Total 98% of battery repairs are due to accident (mechanical reason), 2% due to breakdown/failure (electrical reason)
May 29, 2023 | 11:34am CETflashread more
Coronavirus: Re.volt Carsharing (Revolt) ceased operation of service for sharing electric scooters, motorcycles, small cars in Czechia (Prague, Brno, Ostrava, Nový Jičín, Starý Jičín, Příbor, Kopřivnice), insolvency proposal of three investors rejected by court
May 29, 2023 | 11:14am CETflashread more
AutoSAP: 14,819 (passenger) electric vehicles produced in Czechia in April (10,803 battery electric vehicles, 4,016 plug-in hybrids), of which 14,817 cars (Škoda: 7,388 BEVs, 1,762 PHEVs; Hyundai: 3,413 BEVs, 2,254 PHEVs) and 2 buses (SOR: 2 BEVs, 0 PHEVs; Škoda Electric: 0 BEVs, 0 PHEVs)
May 26, 2023 | 11:55am CETflashread more
Autorola, Al-Futtaim Automotive (provider of services for cars, motorcycles, commercial vehicles – manufacturing, logistics, distribution, aftersales, rental & leasing – in Middle East, Asia, Africa) established joint venture Autorola Middle East & North Africa (MENA) Holding Limited to build B2B used vehicle remarketing platform in United Arab Emirates (UAE), Middle East, North Africa
May 26, 2023 | 11:49am CETflashread more
JATO Dynamics: Global new battery electric vehicle (BEV) sales up by 66% to 7.37 units in 2022, representing 9.3% share in total registrations (penetration, +3.8 pp). Chinese automakers (+90%) were market leader, followed by European OEMs (+40%), Tesla (+42%), South Korean OEMs (+50%), other US OEMs (+101%) and Japanese OEMs (+34%)
May 26, 2023 | 11:42am CETflashread more
Legends 2023: Slavia Pojišťovna (SPGroup) became partner of motoring festival (exhibition of cars, motorcycles, motorhomes, caravans/campers) in Prague, Czechia (May 27-28) as insurer again, insuring all exhibits (over 1,000) in case of natural disasters (fire, windstorm, falling object), theft, vandalism, liability for insured sum of more than CZK 1 billion (EUR 42 million)
May 25, 2023 | 09:35am CETflashread more
Servind Automation: Alfa s.r.l. (producer of dispensers for decorative paint materials in Italy used in architecture) expanded activities with production of Alfa Car Refinish (CR) dosing equipment for car refinishing (with automated mixing of final shade of colour), Servind (distributor of Standox/Standoblue paint system) became distributor in Czechia and Slovakia
May 25, 2023 | 09:19am CETflashread more
Eastlog 2023: Atoz Marketing Services to hold 26th logistics congress with Bizlog matchmaking event in Prague, Czechia on May 25-26. Representatives of Česmad Bohemia, Raiffeisenbank, Toyota Material Handling, Kiekert, Bito, ChargeUp/Unicorn, Icom Transport, Škoda Auto to speak at conference
May 25, 2023 | 09:14am CETflashread more
Brembo (including parent company Nuova FourB) raises stake in Pirelli (March 2020: 2.43%, July 2020: 4.99%, December 2022: 5.58%). Other shareholders include Sinochem-ChemChina (37.01%), Camfin (14.1%), Silk Road Fund (9.02%), Tacticum Investments (4.27%), Longmarch Holding (3.68%), Next Investment (0.42%)
May 25, 2023 | 09:04am CETflashread more
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