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J.D. Power, GlobalData increased 2024 global new light-vehicle sales outlook by 200,000 cars, vans from 89.1 million (+3%) to 89.3 million (+3.2%). Large proportion of easy gains have now been achieved due to improved inventory levels enabling pent-up demand to be met. In addition, inflation and cost of living remain challenges facing consumers, while slowdown in economic growth is still on cards, even if recent data suggests that global outlook is improving, Oakley (GlobalData) said
April 8, 2024 | 12:40pm CETflashread more
SDA: New car registrations in Czechia down by 15.5%/3,462 units in March (companies and entrepreneurs: -3,188, consumers: -274), up by 2.2% to 57,605 in Q1 (vans +6.5%, +18.3%; trucks -20.7%, -16.8%; buses +238.5%, +127.7%; motorcycles -3.1%, +7.7%; trailers+semitrailers -9.4%, -6%)
April 8, 2024 | 12:32pm CETflashread more
SYMA (Systems of Management) 2024: Czech Society for Quality (ČSJ) to hold 26th conference on current trends not only in automotive industry (TISAX, Automotive Core Tools, VDA 6.3:2023, Reverse FMEA, artificial intelligence/AI, digitization of production, optical measurement, carbon duty/CBAM, ESG, HR) in Mladá Boleslav, Czechia on April 11-12. Representatives of Škoda Auto, Continental Automotive Czech Republic, ON Semiconductor Czech Republic (Onsemi), Robert Bosch, ČEZ, Slovnaft, Doosan Škoda Power, Yusen Logistic Czech, 24 Vision, Next Generation Security Solutions (NGSS), Twinzo (5.0 Technologies), DQS Slovakia, Specialist Service, Technical University of Liberec (TUL), Škoda Auto University (ŠAVŠ) to speak at event
April 5, 2024 | 09:57am CETflashread more
AAA Auto (Aures Holdings) Barometer: 121,209 used cars (1,786 HEVs, +147 m/m, +594 y/y; 1,073 BEVs, +88 m/m, +379 y/y), most in last five years, advertised in Czechia in March with mean value (median) of price of CZK 210,000 (EUR 8,300; -CZK 5,000/-2.3% m/m, +CZK 10,000 Kč/+5% y/y). Offer grew by 11,609 cars (+10.6%) m/m, by 8,916 cars (+7.9%) y/y
April 5, 2024 | 09:53am CETflashread more
Škoda Auto expects 81% penetration of beam headlights in LED Matrix version (second generation, with integrated all-weather light instead of conventional fog light) for new Superb (liftback MHEV from CZK 935,000/EUR 36,880, combi from CZK 975,000/EUR 38,460, 4x4 from CZK 1.13 million/EUR 44,380, Sportline and PHEV available later) versus 19% in Standard (LED) one
April 5, 2024 | 09:49am CETflashread more
Automotive Day 2024: Masaryk Institute of Advanced Studies CTU/ČVUT to hold 3rd exhibition of battery and fuel cell electric vehicles and hybrids (over 30 models from 14 brands such as Hyundai, Škoda, Kia, Toyota, Citroën, Volkswagen, Peugeot, BMW, Tesla, Tatra, Suzuki, Lexus) in Prague, Czechia on April 10 with test drives and conference on Contemporary market challenges of automotive industry (electromobility and other alternative drives, car power systems and increasing demands on infrastructure, AI in Automotive, autonomous driving systems). Representatives of ČVUT, AutoSAP, EY (Ernst & Young), CIIRC, Siemens, PRE (Pražská energetika), DPP, Škoda Auto, Tatra Trucks, SDA, Volkswagen, Citroën, Kia, Toyota, Peugeot to speak at conference. Event designed for students, academics as well as general and professional public
April 3, 2024 | 09:57am CETflashread more
CarGarantie: Average car repair costs rose by 6.3% to EUR 657 per claim in 2023, according to damages analysis of around 1 million warranty contracts for new and used vehicles. Electrical system and fuel system (including turbochargers) defects are most often, engine repairs are most expensive. On contrary, electric drive, hybrid system and driving dynamics system are most reliable
April 3, 2024 | 09:52am CETflashread more
JATO Dynamics: Germany (20% share in total registrations in Europe) was largest supplier (assembly origin) of new cars for European market in January-February, followed by Spain (14%), Czechia (9%), France (7.9%), Slovakia (4.9%), Japan (4.6%), UK (4.5%), Turkey (4.3%), China (4%) and others (27%). As for battery electric vehicles (BEVs), order is different – Germany (33%), China (20%), Spain (7%), Czechia (5.5%), France (5.1%), Japan (3%), UK (1.6%) and others (24%). Approximately 44% of all volumes of made-in-China cars imported by Western brands including Tesla, Volvo and Dacia, while 40% by MG and 16% by other Chinese brands, Munoz pointed out
April 3, 2024 | 09:40am CETflashread more
MOVE 2024: MTP to hold international mobility congress at Motor Show in Poznań, Poland on April 4. Representatives of Volkswagen Group Polska, Volkswagen Poznań, Audi, Scania Polska, MAN Truck & Bus, Daimler Truck Polska, Iveco Poland, Volvo Trucks Poland, Stellantis, Volkswagen Financial Services, Polenergia eMobility, mPower, High Yield Battery Fab (HYBF), Wielton, Umicore Battery Materials Poland, Intel Poland, Ionway, PKN Orlen, ARP e-Vehicles, Durapower, Bergman Engineering, Bain & Company, Claritas Investments to speak at conference
March 29, 2024 | 01:56pm CETflashread more
Operating Sphere+Region
Car sales in US start showing signs of stabilization
November 30, 2009 | 01:44pm CEToriginalThe sales stagnated y/y in October, went up by 12% m/m. A marked growth was registered by Hyundai, Subaru and Porsche while a strong decline by Chrysler…
read moreAAA Auto got to profit along with downturn of revenues by 46.3% in Q1-3
November 27, 2009 | 03:55pm CEToriginalCar sales went down by 41.6% to 29,226 cars in Q1-3 due to shutting down foreign branches and the economic recession. The number of cars sold in Q3 declined by 36.2% to…
read moreHead of GM Europe: Future of Opel’s plant in Belgium uncertain
November 27, 2009 | 02:01pm CEToriginalIn the plant in Antwerp Opel produces model Astra. Within Opel’s restructuring, about 9,000 employees should leave; out of that in Germany…
read moremmotion09 began in Prague on Thursday, organizers expect over 20,000 visitors
November 27, 2009 | 12:28pm CEToriginalFor the first time in the Czech Republic Infinity, Bentley Continental Supersports and Ferrari California cars can be seen there but there will also be oldtimers and helicopters. The next year…
read moreToyota Motor to repair 4 million cars due to accelerator pedal in USA under pressure of authorities
November 27, 2009 | 01:48am CEToriginalThe event considers the best selling models Toyota Camry and Prius, as well as Toyota Avalon and Lexus ES350. For models produced since 2010...
read moreDaimler wants to increase its share in Kamaz to 25% from current 10%
November 26, 2009 | 05:34pm CEToriginalTroika Dialog holds a 44% share in Kamaz and is willing to sell a part. Both companies are now negotiating the price which could reach…
read moreElectric car producer Tesla Motors reportedly considers entering stock exchange
November 26, 2009 | 03:35pm CEToriginalThe carmaker would thus follow producer of lithium-ion cells A123 Systems. The interest in IPO begins waking up slowly…
read moreTata Motors increased net profit by 110% in Q3 along with growth of revenues by 13%
November 26, 2009 | 02:41pm CEToriginalThe data do not include its problematic division Jaguar Land Rover. The volume of sales went up by 17% in Q3. Regarding small car Nano, the carmaker have already delivered...
read moreBAIC could be interested in some Saab's assets
November 26, 2009 | 04:10am CEToriginalThe Chinese company, which was supposed to participate in taking over Saab by carmaker Koenigsegg, wants to strengthen its activities in…
read moreGeneral Motors reputed to cut 8,700 jobs in Opel only
November 26, 2009 | 12:56am CEToriginalThe head of GM Europe has talked of cutting 9,000 to 9,500 jobs so far. Opel has around 85 suppliers in the Czech Republic…
read moreScania’s operating profit down by 81.6% in Q3, less than expected by analysts though
November 25, 2009 | 06:32pm CEToriginalOrders for new cars were going up due to Western European market stabilizing and have exceeded the level of deliveries. In particular…
read morePorsche initiated advantageous service program for owners of more than seven-year old car in Czech Rep
November 25, 2009 | 06:19pm CEToriginalThose can avail of a care of brand Porsche Centers in Prague and Brno and they will also receive a 20% discount for spare parts and a lower hourly rate…
read moreAAA Auto prepared program of car fleet optimization for small and mid-sized companies
November 25, 2009 | 05:17pm CEToriginalIt offers them to buy out a car from leasing or credit, car fleet reduction and replacing cars with smaller ones. AAA Auto wants to increase sales to entrepreneurs…
read moreGerman called upon other countries not to help Opel
November 25, 2009 | 04:42pm CEToriginalThe German government did not consider helping the carmaker by itself originally. The separate states are reportedly offering Opel a help amounting to…
read moreBenteler to purchase automotive division from Norwegian group Hydro
November 24, 2009 | 11:46pm CEToriginalHydro Automotive Structures will join Benteler Automobiltechnik division. The transaction includes Hydro’s activities in the Czech Republic as well…
read moreGeneral Motors did not manage another sale, Koenigsegg lost interest in Saab
November 24, 2009 | 10:09pm CEToriginalGM will be discussing the fate of the Swedish division in a week. GM is reportedly not negotiating with other clients either. The carmaker Saab is threatened by a loss…
read moreErnst & Young: Return of sales to level before crisis does not have to mean improvement
November 24, 2009 | 08:49pm CEToriginalConsumers currently tend to buy smaller and cheaper models for which there are smaller margins during production and sale as well…
read moreCustoms administration in Hradec Kralove found fake spare parts for Skoda cars
November 24, 2009 | 07:07pm CEToriginalThe institution will be investigating origin of the forged bonnets, front masks and headlights. By monitoring the customs officers for forged goods found…
read moreCCS: Prices of driving fuels stagnated in Czech Rep and Slovakia last week
November 23, 2009 | 10:28pm CEToriginalPetrol Natural 95 became slightly cheaper; the price of diesel went up slightly. In the following days due to weakening of Czech koruna…
read moreCurrent prospective buyers of Nissan GT-R in Czech Rep to wait for it several months only
November 23, 2009 | 03:51pm CEToriginalExclusive distributor for Czech market Auto Palace Vysocany can now satisfy several customers with deliver time in Q1 2010, particularly...
read moreVolkswagen separated Internet presentation of cars from LCVs in Czech Rep
November 23, 2009 | 02:40pm CEToriginalThe aim is to make Volkswagen Commercial Vehicles more visible and at the same time to target advertising campaigns better. There are three new sections on both websites...
read moreFord wants to invest USD 2.26 billion in increasing production capacities in Brazil
November 23, 2009 | 01:52pm CEToriginalCar sales in Brazil should go up to a record volume this year. Local association of car dealers expects the sales to grow in 2010 as well by...
read moreCrown syndicate to bid for carmaker Volvo Car this week
November 23, 2009 | 12:13pm CEToriginalFord has already been negotiation a sale of Swedish divions with the syndicate led by Chinese company Geely, which is offering Volvo...
read moremmotion09: Super sports cars Ferrari and Maserati also to arrive at show
November 23, 2009 | 11:23am CEToriginalSimultaneously with mmotion, art & interior exhibition and brand new MediArt fair of plastic and aesthetic surgery will be held. At mmotion09 Scuderia Praha will be showing cars...
read moreNo scrap bonus in Czech Rep probably, CSSD backing out of it, government not planning it
November 23, 2009 | 10:23am CEToriginalThe Automotive Industry Association opposes with necessary steps to speeding up renewal of car fleet with respect to ecology and traffic safety again…
read more
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SELECTED FLASH NEWS
Fischer Surface Technologies (manufacturer of chrome-plated plastic parts for interior...
In referendum in October 2021, residents of Třemošnice, Czechia expressed their opposition...
Cebia establishes cooperations with automakers in field of motor vehicle approval process...
Miloslav Pavlas senior, Miloslav Pavlas junior's Kovolis Hedvikov Holding (owner of...
Plastika (manufacturer of plastic parts for automotive, electrical industries with 580...
Auto Motol Beni/AMB Praha (MVC Automotive Group; Ford dealer in Ořech near Prague...
Kaufland (Schwarz Group) to invest over CZK 2 billion (EUR 83 million) in expanding...
Arrogance Equipment/Trim: ČSOB Poisťovňa launched campaign in Slovakia for car insurance...
JLR You Owe Us: Milberg London filed group action against Jaguar Land Rover (Tata Group)...
Formel D (3i Group 57.93%, CITIC Capital 23.78%; service provider for automotive, supply...
Letoplast (manufacturer of plastic parts for automotive, other industries with 320...
Energy crisis, ESG: Gumotex (manufacturer of rubber, plastic products with 1,700 employees...
Volvo Cars started publishing in car configurators in some countries (UK, Germany)...
Škoda Auto to expand existing Emissions Centre South in Mladá Boleslav, Czechia in area of...
Toyota Tsusho (Toyota, Lexus dealer in Prague, Czechia) to build Toyota Professional...
Certina Group acquired PAL (manufacturer of wipers for Volkswagen, Škoda Auto, Audi, SEAT...
Jaguar Land Rover started publishing in car configurators in some countries (UK) delivery...
ESG, e-Mobility: CB Auto (Volkswagen, SEAT, Škoda, VW Commercial Vehicles, Mazda, Kia...
Škoda Auto introduced system in Czechia enabling dealerships/service centers to invest in...
CarGarantie became partner of Mobile.de (Adevinta Group) for online purchase of used cars...
Bártek: Servind planns significant expansion of headquarters in Tuchoměřice near Prague...
Autorola signed new 4-year contract with BMW Group to build closed B2B platform in Europe...
SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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Source: ECB, May 9, 2024