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J.D. Power, LMC Automotive increased 2023 global new light-vehicle sales outlook by 200,000 cars, vans from 85.9 million (+6%) to 86.1 million (+6.2%). Automotive environment in 2023 remains challenging, there are some warning signs in banking industry and with general economy, Schuster (LMC) said
April 6, 2023 | 09:49am CETflashread more
Motocentrum Barth (Yamaha, Piaggio, Moto Guzzi, Vespa, Aprilia, BMW Motorrad dealer, CFMoto service in Pardubice, Czechia) to build standalone BMW Motorrad motorcycle showroom, next to former multi-brand and current BMW Motorrad, Yamaha showroom (Piaggio Group brands moved to separate showroom). Construction to be provided by VCES (Bouygues Construction), company plans opening in summer of 2023
April 4, 2023 | 03:52pm CETflashread more
Retail of the Future (ROTF): Mercedes-Benz to cut 10% of 6,500 car, van dealerships worldwide (15-20% in Germany) as part of switch to agency sales model, aiming to sell 80% of vehicles this way by 2025 (25% online). Plan includes implementation in total of 20 global markets (UK, Germany) in next three years (2023-2025) from pilot 5 (Sweden, South Africa, Austria, India, Australia). Transition to direct sales in mature markets to mean move away from large showrooms. Automaker thus wants to reduce distribution costs and have more control over pricing (selling for non-negotiable, fixed prices)
April 3, 2023 | 11:45am CETflashread more
ČEZ ESCO (ČEZ Energetické služby) upgraded charging facilities of public transport electric buses (SOR) in Kladno (ČSAD MHD Kladno; two charging stations with output of 2x 50 kW for four buses, modernization energy distribution) and Přerov (Arriva Autobusy; complete preparation of networks for construction of charging stations, including engineering) for Arriva Transport (Deutsche Bahn Group) in Czechia
April 3, 2023 | 11:25am CETflashread more
TDR Capital, Luxinva/ADIA, GIC, PGGM, ATP, Goldman Sachs Asset Management detached CarNext (online B2C and B2B used car marketplace in Europe; B2C: 7 countries, B2B: 22 countries) from LeasePlan into standalone company. At same time, CarNext raised EUR 400 million for next phase of growth, both firms signed long-term agreement to sell LeasePlan used vehicles (2020: 40,000 cars B2C, 200,000 cars B2B) through CarNext. Linklaters advised CarNext
April 3, 2023 | 11:17am CETflashread more
Servind (distributor of materials, technologies for preparation, painting of surfaces such as Mirka in Czechia, Slovakia) agreed to cooperate with Amtech (distributor of surface mount technologies/SMT, collaborative robots/cobots, autonomous mobile robots such as Universal Robots in Czechia) in robotic sanding. Universal Robots collaborative robots fitted with Mirka Airos sanding head can be used in sanding and polishing exterior or interior parts of cars. Company established in car repair industry thus strengthens industrial division (original equipment manufacturer/OEM of cars and rail vehicles, subcontracting/Tier sector)
April 3, 2023 | 11:07am CETflashread more
JATO Dynamics: Electric / electrified vehicle (BEV, PHEV) sales in Europe (28 countries) up by 16.4% to 183,919 units in February, representing 20.4% share in total registrations (penetration, +0.6 pp). Tesla Model Y (18,446 cars, +173%) was best-selling battery electric vehicle (BEV), followed by Volkswagen ID.3 (5,375, +139%), VW ID.4 (5,194, +90%), Fiat 500 (4,828, +26%) and Tesla Model 3 (4,635, -49%). Ford Kuga (3,396, +16%) was best-selling plug-in hybrid (PHEV), followed by Volvo XC60 (3,123, +27%), Lynk & Co 01 (2,623, +136%), Kia Sportage (1,971, new model) and Volvo XC40 (1,704, -34%)
March 31, 2023 | 06:30pm CETflashread more
JATO Dynamics: Tesla Model Y (18,446 registered cars, +173%) was best-selling car in Europe (28 countries) in February, followed by Dacia Sandero (18,431, +40%), Peugeot 208 (16,180, +10%), Volkswagen T-Roc (15,760, +68%) and Opel/Vauxhall Corsa (15,120, +29%)
March 31, 2023 | 06:06pm CETflashread more
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