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PwC increased 2024 Czech new car registrations forecast from 200,000-220,000 units (-1% to -10%, 2023: 221,422) to 205,000-225,000 units (-7% to +2%). Demand for cars continues to be significantly affected by current relatively less favorable economic situation (weak economy, expensive financing), which, according to current forecasts, we expect gradual improvement during this year, especially with regard to development of inflation. Improving indicators to gradually improve purchasing power of companies and consumers as well as their mood and have positive effect on demand. So far, however, this influence on registrations is only cautious, Janeček said
April 9, 2024 | 05:44pm CETflashread more
Jakub Pončík, former Head of Powertrain Design, appointed as new Director of Research and Development at Tatra Trucks. Radomír Smolka, member of Board of Directors for R&D at Tatra Trucks and Director of Research and Development at Tatra Defense Vehicle, transferred operational management of department, focusing on strategic planning and decision-making
April 9, 2024 | 05:33pm CETflashread more
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
Operating Sphere+Region
Volvo AB posted a loss of SEK 3.3 billion in Q3
November 16, 2009 | 01:22pm CEToriginalThe loss is lower though than SEK 4 billion expected by analysts. However, in Q3 2008 the world’s second largest truck producer showed a profit…
read moremmotion09: Mainly exclusive car brands from Europe to be introduced this year, veterans for the first time
November 16, 2009 | 12:29pm CEToriginalAuto-Exner is coming back to mmotion after a year—with its new brand Aston Martin among others. Auto Palace will introduce Infiniti cars there…
read moreVolkswagen Touran: Special offer shifted basic price to CZK 489,900
November 16, 2009 | 11:26am CEToriginalThe special offers bring customers savings of up to CZK 54,700; special packets save further CZK 50,100 even. The action packets include…
read moreHyundai tripled net profit to record KRW 979 billion in Q3
November 16, 2009 | 10:19am CEToriginalAnalysts expected the profit to be lower by one third though. The reason of the better result is higher sales mainly, but Hyundai did not have to solve frequent strikes during Q3…
read moreBugatti agreed on official representation in Czech Rep with Czech partner
November 12, 2009 | 11:21pm CEToriginalThe Czech representation will be the 16th in Europe but the first in Central and Eastern Europe (CEE). In 2010 a showroom in Prague will be opened by…
read moreProducer of plug-in hybrids Fisker appointed a third distributor for Europe including Czech Rep
November 12, 2009 | 11:01pm CEToriginalThe distributor will be in charge of wholesale and retail activities in six countries of Western and Central Europe including the Czech Republic. The company is…
read moreBrand financing of Mazda cars in Czech Rep and Slovakia newly provided by Credium
November 12, 2009 | 10:41pm CEToriginalCredium will finance dealer’s stock cars as well as buying cars by customers under brand Mazda Finance. Credium has thus replaced company…
read moreNew Skoda car will be sedan bigger than Fabia sedan and smaller than Octavia Tour
November 12, 2009 | 09:13pm CEToriginalIt will be a lower middle class car and will replace the Octavia first generation. It will reach the market during two or three years and its price will be around…
read moreA.M.T. Group lost representation of Jaguar and Land Rover brands in Czech Rep
November 12, 2009 | 08:44pm CEToriginalThe importer license is now free, and the carmaker is negotiating it with several prospective partners. Some dealers and showroom of PMG Finance group are for sale…
read moreCarmakers on Czech market giving different car sales margins to dealers
November 12, 2009 | 07:52pm CEToriginalThis is also concerning the Skoda brand, for instance. The amount of margin is dependent on the annual sales volume of a certain dealer, but also on...
read moreSkoFin offers financing of ecological showrooms of Volkswagen Group’s dealers in Czech Rep
November 12, 2009 | 07:16pm CEToriginalThe company finances solar panels for roofs of showroom, photovoltaic parks and will be financing even electric cars in the future. First projects have already started…
read moreUOHS has guessed several producers of cars and spare parts who limit competition among dealers and service shops
November 12, 2009 | 06:26pm CEToriginalIf UOHS proves their offension against the law, they will have to change supply contract. Most dealers currently offer more than one brand…
read moreGeneral Motors to pay off a credit worth EUR 1.5 billion for Opel by end of November
November 12, 2009 | 05:31pm CEToriginalGerman chancellor Angela Merkel called GM for submitting a convincing plan for recovery of Opel quickly. GM has already paid from the bridging loan…
read moreRenault interested in increasing its share in carmaker AvtoVAZ, Russia could allow this
November 12, 2009 | 04:10pm CEToriginalThe government wants to find a strategic partner for AvtoVAZ. That one should be Renault probably who is interested in a control share even…
read moreVolkswagen calls 57,000 concern cars with DSG transmissions to service shops
November 12, 2009 | 01:58pm CEToriginalIt is a preventive inspection because the transmission does not have to be defective in all of the invoked cars. The cars concerned are those of Volkswagen, Audi, Seat and Skoda as well…
read moreQatar wants to sell up to 25 million Volkswagen’s preferred stock
November 12, 2009 | 11:26am CEToriginalState investment company Qatar Holding wants to support liquidity of the stock this way but plans to obtain a share in Volkswagen…
read moreOpel/Vauxhall division to be led by Nick Reilly temporarily, GM still seeks head for Europe
November 12, 2009 | 10:02am CEToriginalCarl-Peter Forster received an offer from Indian carmaker Tata Motors to become a member of management of Jaguar Land Rover division and to introduce Tata Nano into Europe in…
read moreDaimler intend to cancel 1,000 jobs in Mercedes-Benz Cars division
November 11, 2009 | 04:40pm CEToriginalThe carmaker is going to offer a voluntary departure from the company to the German employees. The offer will be made prior to employees aged over...
read moreNew car sales in Slovakia fell sharply by more than third in October
November 11, 2009 | 03:15pm CEToriginalIn ten months, sales decreased by 2.8%. Market share of the most popular brand Skoda has fallen this year by...
read moreGeneral Motors separated sales activities of Opel and Chevrolet in Europe
November 10, 2009 | 11:58pm CEToriginalTwo succession regional representatives Opel SEE and Chevrolet CEE are still settled in Budapest but a range of personnel changes have occurred…
read moreT-Motor Zlin sold 227 new Toyota cars in 2008, plans for further growth in 2009
November 10, 2009 | 11:49pm CEToriginalCompany Zliner continues in the activities of an independent dealer of Toyota, Lexus and Daihatsu. As an authorized service partner, the company offers Expres service…
read moreTatra wants to fight with crisis by selling subsidiaries and buying components from suppliers
November 10, 2009 | 11:05pm CEToriginalThe carmaker intends to focus on construction of special vehicles and development of underbody groups. The company would invest the money from selling the subsidiaries in…
read moreCLFA: Leasing of movable assets down by 56% in Q1-3, a slight drop in other commodities
November 10, 2009 | 10:26pm CEToriginalThe share of operative leasing in the overall volume went up again in 2009 and that was to…
read moreNRC: Production of electric cars and electric energy for their drive is not ecological in US
November 10, 2009 | 07:38pm CEToriginalEnergy-intensive production is primarily the production of batteries. Operation and production of electric cars will still be more expensive compared to the petrol cars in the year…
read moreAAA Auto posted a profit for second quarter in sequence, net profit reached EUR 900,000 in Q3
November 10, 2009 | 07:26pm CEToriginalRevenues went down by 42% y/y, by 9.6% compared to Q2. The overall sales declined in Q3 but went up in Central Bohemia and Western Slovakia…
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