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Pirelli and its second largest shareholder MTP/Camfin (27.4% stake; controlled by Pirelli Executive Vice Chairman Marco Tronchetti Provera) trying to get rid of Chinese co-owner and largest shareholder Marco Polo International Italy/Sinochem (37%) so that it can invest USD 1 billion to expand its plant in Rome, Georgia, USA to produce smart tires (Pirelli Cyber Tyres; fitted with technology to collect data during motion and transfer information in real time to car). In January, United States banned Chinese software (starting with Model Year 2027), hardware (MY2030) in connected road vehicles on US roads due to cyber threats (espionage, hacking attacks). In April, Pirelli's Board of Directors approved resolution that Sinochem no longer controls Italian tyre manufacturer. MPI/Sinochem disagrees with this resolution
August 20, 2025 | 03:24pm CETflashread more
JATO Dynamics: Share of electrified vehicles in global car sales in 2024 increased from 34.4% (2023) to 41% MHEVs (from 8.5% to 9.3%), HEVs (from 7.9% to 9.2%), PHEVs (from 4.5% to 6.6%), EREVs (from 0.9% to 1.6%) and BEVs (from 12.6% to 14.3%), while share of vehicles with combustion powertrains (ICEVs) declined from 65.3% to 58.7%
August 20, 2025 | 03:15pm CETflashread more
GlobalData: New diesel car (including diesel hybrid) sales in Western Europe down by 17% in July, penetration (share) down by 2.8 pp. While many countries started to turn their backs on diesel quite quickly after Dieselgate, its importance to both German OEMs and to German car buyers resulted to Germany’s share of European diesel market doubling (from 20% to 40%) within five years (2019-2024). This trend continues in 2025 with share forecasted to grow to 45%
August 19, 2025 | 10:34am CETflashread more
Office for Protection of Competition (ÚOHS) allowed Přerost a Švorc - Logistic (Přerost a Švorc - Auto, Autodružstvo Podbabská; Škoda, Volkswagen and VW Commercial Vehicles dealer, SEAT, Cupra and Audi service in Prague, Czechia) to acquire Tuchoměřice branch near airport in Prague (SEAT, Cupra and Maxus dealerships, Škoda, Volkswagen and VW Commercial Vehicles service; part of Auto Palace Západ, loss of CZK 72 million at turnover of CZK 1.46 billion and sales of 1,338 new and 839 used vehicles in Tuchoměřice and Karlovy Vary in 2023) from Auto Palace (AutoBinck Group; Ford, Ford Pro, Hyundai, Mazda, Mitsubishi, Opel, Opel Professional, Peugeot, Peugeot Professional, Škoda, Volvo, SEAT, Cupra, MG and Maxus dealer, Fiat, Infiniti, Volkswagen and VW Commercial Vehicles service in Prague and Brno)
August 19, 2025 | 10:24am CETflashread more
Aures Holdings sold record 10,469 used vehicles in July (+5.6%) at AAA Auto and Mototechna car centers, of which more than 2,000 cars and vans in Slovakia, record 66,672 vehicles (+4.2%) in first seven months, of which 1,000 battery electric vehicles. Organized market is growing, while private resales are declining, Topolová said
August 19, 2025 | 10:15am CETflashread more
Base Next (formerly DyCom Group; BMW, BMW Motorrad dealer in Karlovy Vary, Czechia) closed Honda motorcycle dealership
August 15, 2025 | 04:36pm CETflashread more
GlobalData cut 2025 Western European new car sales outlook by 30,000 units from 11.42 million (-1.1%) to 11.39 million (-1.4%)
August 15, 2025 | 04:25pm CETflashread more
Czech electric vehicle drivers using E.ON Drive service consumed 40,847 kWh of electricity during 1,397 recharges in public charging network in Germany in H1, 33,584 kWh during 1,217 recharges in Austria, 14,663 kWh during 526 recharges in Slovakia, 10,783 kWh during 428 recharges in Italy, 11,361 kWh during 352 recharges in Poland. Highest average recorded in Poland with 32.3 kWh per transaction, while lowest consumption was in Italy (25.2 kWh). Currently, drivers with E.ON Drive card can charge in nine countries in Europe (Czechia, Germany, Austria, Slovakia, Italy, Poland, Hungary, Slovenia, Croatia) at more than 120,000 public charging points in network of E.ON Drive and partner operators (PRE, ČEZ, Lidl, Ionity, Teplárny Brno, ZSE, Greenway, Allego, EnBW, Compleo, Chargecloud, Smatrics, Petrol, ELEN/HEP, Enel X, Ewiva, Be Smart, Duferco Energia, EVway)
August 15, 2025 | 04:17pm CETflashread more
SMMT increased 2025 UK new car sales (registrations) outlook from 1,964,000 (+0.6%) to 1,986,000 (+1.7%), of which battery electric vehicles (BEVs) from 462,000 (+21.4%) to 472,000 (+23.6%), and 2026 forecast from 1,992,000 to 2,019,000, of which BEVs from 557,000 to 569,000
August 14, 2025 | 10:35am CETflashread more
Rho Motion: Global new electric vehicle (EV) sales grew by 21% to 1.6 million passenger cars and light-duty vehicles (LDVs/LCVs) in July, by 27% to 10.7 million in first seven months – China: 6.5 million BEVs and PHEVs (+29%), Europe (EU & EFTA & UK): 2.3 million (+30%), North America (USA & Canada & Mexico): 1 million (+2%), Rest of World (RoW): 900,000 (+42%)
August 14, 2025 | 10:26am CETflashread more
AAA Auto (Aures Holdings) Barometer: In July, 63,272 used cars sold in Czechia (BEV: 1.6% share, 1,000 vehicles; HEV: 1.9%, 1,200) with average price of CZK 304,230 (EUR 12,430; -2.2% m/m). In total, approximately 150,000 used cars advertised in country, supply remained around this level for long time
August 14, 2025 | 10:13am CETflashread more
JATO Dynamics: Detroit's Big Three (General Motors/GM, Ford, Stellantis – 12.6% of their combined global light vehicle sales in 2024 imported to USA) to be more exposed to Trump's tariffs than Japanese (Toyota, Honda, Nissan – 8.5%) and German carmakers (Volkswagen Group, BMW Group, Mercedes-Benz – 6.9%)
August 13, 2025 | 02:59pm CETflashread more
ČSÚ: Car prices in Czechia down by 0.2% m/m in July, up by 0.9% y/y (new: +0.0% m/m, +1.2% y/y; used: -0.5%, +0.7%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (+0.1%, +2.8%), spare parts and accessories (-0.4%, +1%), fuels and oils (+1.7%, -8.8%), maintenance and repairs / service works (+0.0%, +5.1%)
August 13, 2025 | 02:55pm CETflashread more
VDA: Car production in Germany up by 9% y/y in July, export by 7%
August 13, 2025 | 02:23pm CETflashread more
Operating Sphere
Spiegel: Martin Winterkorn to remain head of Volkswagen until 2016
November 29, 2010 | 12:09am CEToriginalThe supervisory board of the carmaker has reportedly decided on the extension of the contract, although the company declined to confirm it. His current contract is going to expire in...
read moreJaroslav Povsik to lead Skoda Auto unions till 2014
November 28, 2010 | 11:47pm CEToriginalKOVO unions have extended his term of office for four years. Povsik’s deputy has become...
read moreFastbox introduced loyalty program in Czech Rep, benefits may be also applied in Austria
November 26, 2010 | 01:40am CEToriginalIn the near future, the company is going to run its e-shop. Suppliers of parts and service catalogue, parameters of the loyalty program...
read moreAAA Auto: Sales of used commercial vehicles back to pre-crisis level
November 26, 2010 | 12:58am CEToriginalAfter ten months of 2010 the company increased its sales by 71%, of which 75% were in the Czech Republic and 60% in Slovakia. Five best-selling brands and models...
read moreTop-Pojisteni.cz: Insurance companies increasingly use damage liability for sale of additional service in Czech Rep
November 26, 2010 | 12:48am CEToriginalThe growth of segmentation and number of variants, changes in the bonus system, taking of elements of accident insurance...
read moreCitroen C-Zero EV in high demand in Czech Rep, importer expects tens of cars sold in 2011
November 25, 2010 | 05:11am CEToriginalDemand of specific companies, price and equipment, financing by PSA Finance, service in the whole dealer network, current state of orders…
read moreFastbox to offer certified EV servicing in Czech Rep, just under negotiation with Bosch
November 25, 2010 | 04:44am CEToriginalAt the same time, the company is preparing EV financing; several leasing companies have already expressed interest. Expected sales...
read moreTop-Pojisteni.cz: Basic rates of damage liability grow annually by 7-8% in Czech Rep, real premiums fall by 4-6% though
November 25, 2010 | 04:11am CEToriginalChanges in rates during the year, disadvantageousness of insurance payments fixed into financing, development of rates in 2010 and 2011...
read moreHyundai wants to strengthen image in Europe by offering premium models, to be available in Czech Rep too
November 25, 2010 | 03:44am CEToriginalIn 2011, the carmaker is going to introduce the models Genesis, Genesis Coupe, Equus, but also the successor of the Accent and Sonata, and new versions with a start-stop system...
read moreDirect settlement by CSOB Pojistovna to be free of charge, only for damage to vehicle, with payment of spare car
November 25, 2010 | 03:28am CEToriginalCSOB Pojistovna will settle and pay the claim. Existing clients will receive the service a contract renewal. Details of Damage liability without worries...
read moreAdmosphere: Direct as one of biggest advertisers among insurers in Czech Rep, invests over half of revenues
November 24, 2010 | 02:43am CEToriginalLeaders of the insurance market, Ceska pojistovna and Kooperativa invest less than 1% in advertising. Details of individual insurance companies...
read moreCzech police continue in fleet renewal with Skoda vehicles, to buy 28 Yeti cars
November 24, 2010 | 02:30am CEToriginalThere were a total of four companies participated in the tender, the decisive criterion was the price. The contract winner, value of the contract, the price of one car...
read moreSlavia not to punish perpetrators of minor accidents by loss of bonus
November 24, 2010 | 02:19am CEToriginalLowering the bonus along with insurance coverage to and over CZK 15,000, a claim-free bonus in advance, discounts for different groups of drivers, insurance options...
read moreFastbox: Car owners in Czech Rep unnecessarily spend CZK 8 billion in service points annually
November 24, 2010 | 02:11am CEToriginalIt is caused by wrong diagnosis of a problem and subsequent unnecessary maintenance work. The size of market for car service points in the Czech Republic...
read moreMahindra & Mahindra to buy majority stake in South Korean carmaker SsangYong
November 24, 2010 | 01:59am CEToriginalThe Indian carmaker wants to become stronger in the SUV segment in this way. The share and the value of acquisitions...
read moreGenerali withdrew from most of claim charges in Czech Rep
November 24, 2010 | 01:49am CEToriginalAt the same time the insurance company introduced bonus copying to family members, and prepared a 55% discount on damage liability for the autumn and winter for…
read moreWinterkorn, Vahland: Skoda and VW flagships to have different gear, umbrella of Superb remains
November 24, 2010 | 01:37am CEToriginalAccording to the management of the carmaker, the quality of both brands is supposed to remain high. Comments of both managers...
read moreNHTSA investigates problems with Honda Accord Hybrid
November 24, 2010 | 01:25am CEToriginalThe authority has received one complaint and is now considering recall action. Any decision would affect 25,000 cars in the USA...
read moreFastbox to offer e-mobility program on Czech market as well as in Austria
November 23, 2010 | 06:04am CEToriginalThe importer for one brand and dealer for two other brands, negotiating with the public sector and energy companies, charging stations at branches, commercial EVS from CZK 500,000...
read moreCCS: Fuel prices increased by tens hellers in Czech Rep last week
November 23, 2010 | 05:42am CEToriginalPetrol more expensive on average by 37 hellers, diesel by 32 hellers. Development in Slovakia and analysts' expectations for this week...
read moreFastbox: Czech Rep offers space for 300-400 fast service points; we want to have 30%
November 22, 2010 | 01:00am CEToriginalThe first premises on the Czech market and the planned ones for 2011, the market for fast service points in the Czech Republic, prices and range of services, franchising and expansion to other countries...
read moreCitroen started selling tested used cars under Citroen Select program in Czech Rep
November 22, 2010 | 12:45am CEToriginalIn Europe, there are 1,200 vendors providing such a service, in the Czech Republic another 25 dealers will be added. Warranty and other services from Europ Assistance, the sale plan, the current offer...
read moreAAA Auto raised gross profit and revenues by third in Q3, but margin declined slightly
November 22, 2010 | 12:27am CEToriginalIn Q1-3, its gross profit increased by 23.2% at revenue growth of 15.5%. The ratio of operating costs towards revenues remained at 19%. Reasons for decline in margin...
read moreMartin Zavadil and Halfords ex-managers to be in charge of Fastbox expansion in Czech Rep
November 22, 2010 | 12:14am CEToriginalZavadil previously developed a network of stores with sporting goods Drapa Sport. Jiri Mica will be in charge of...
read moreDynavix: Demand for navigation devices in PDA to become equal to portable ones by 2013
November 19, 2010 | 03:24am CEToriginalIn the future, manufacturers of navigation systems will become navigation software dealers only. Besides the versions for the iPhone Dynavix is preparing a version for Android. Sales in 2010...
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