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Co-owners (Jan Jakubec, Aleš Havlíček) and managers (Daniel Obrátil) of Auto Base (BMW service in Prague, Czechia) acquired DyCom Group (BMW, BMW Motorrad, Honda Motorcycles dealer in Karlovy Vary) from BoostCar (Roman Růžek), through new established company Jenišov 187 s.r.o.
August 21, 2024 | 12:32pm CETflashread more
ČSÚ: Car prices in Czechia up by 0.1% m/m in July, down by 1.3% y/y (new: +0.1%, +1.8%; used: +0.1%, -3.3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (+0.9%, +2.6%), spare parts and accessories (+0.8%, +5.3%), fuels and oils (+1.3%, +5.6%), maintenance and repairs / service works (+0.5%, +8.3%)
August 21, 2024 | 12:24pm CETflashread more
Onsemi signed 10-year agreement worth USD 1.9 billion (EUR 1.75 billion) to supply silicon carbide (SiC) semiconductor products to Vitesco Technologies to boost electrification technologies (especially for 800 V automotive applications). At same time, Vitesco to provide Onsemi with USD 250 million (EUR 230 million) investment in new production equipment, and two companies to collaborate to further optimize traction inverters and electric vehicle drives
August 21, 2024 | 12:16pm CETflashread more
Volkswagen Financial Services concluded almost 700 financing contracts in Czechia during four and half months since launch of Electromobility Guarantee program from NRB (National Development Bank, guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Greatest interest is in Škoda Enyaq Tour 50, followed by Volkswagen ID.7 Pro People. Average financed value is CZK 609,000 (EUR 24,170)
August 16, 2024 | 11:51am CETflashread more
GlobalData cut 2024 Western European new car sales outlook by 160,000 units from 11.74 million (+1.6%) to 11,58 million (+0.2%)
August 16, 2024 | 11:40am CETflashread more
National Development Bank (NRB) accepted 3,289 applications (for 3,532 vehicles) in Czechia during more than four and half months (20 weeks, March 18 – August 6) since launch of Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Bank concluded 2,663 guarantee contracts, approved another 164 applications, now assessing 436 applications, rejected several units of applications. Greatest interest is in Tesla cars (1,680 vehicles until July 24), followed by Volvo (373), Škoda (228), Volkswagen (210), BMW (161), MG (156), Hyundai (99), Kia (66), Mercedes (66), Toyota (58), Ford (42), Renault (36), BYD (33), Dacia (32), Fiat (28), Peugeot (25), Citroën (20), Nissan (17), Mini (13), Opel (12) and others (70). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million – CZK 1.65 billion for BEVs/FCEVs + CZK 300 million for chargers), 54% (CZK 1.05 billion/EUR 42 million) currently reserved
August 15, 2024 | 04:34pm CETflashread more
Onsemi signed strategic agreement with Volkswagen to supply semiconductors that enable complete electric vehicle traction inverter solution for VW’s next-generation platform family. In first step, Onsemi to deliver EliteSiC 1200 V silicon carbide (SiC) power modules for traction inverters
August 15, 2024 | 04:15pm CETflashread more
VDA: Car production in Germany up by 13% y/y in July, export by 17%
August 14, 2024 | 11:40am CETflashread more
Raiffeisen-Leasing concluded more than 700 financing contracts in Czechia during five months since launch of Electromobility Guarantee program from NRB (National Development Bank, guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Greatest interest is in Tesla cars (over 90%), average loan amount for one vehicle is almost CZK 600,000 (EUR 23,810)
August 14, 2024 | 11:31am CETflashread more
GlobalData: New car sales in Western Europe down by 0.2% to 916,300 in July. Sales to grow by 0.2% to 11.58 million in 2024
August 14, 2024 | 11:25am CETflashread more
Vehicle Segment
Magna becomes the favourite for Opel takeover, decision to be made next week
May 23, 2009 | 11:34pm CEToriginalMagna is preferred by the German political representation, Opel and GM too. Magna requires only a minority share...
read moreTatra negotiating with Skoda Auto on lending it its unused employees
May 22, 2009 | 11:34pm CEToriginalSkoda Auto is looking for workers for production of the model Yeti in Mlada Boleslav and Kvasiny too. The company needs there...
read moreEuWe Eugen Wexler opened next production hall in Rokycany
May 22, 2009 | 07:24pm CEToriginalA production for new Opel Astra model will be placed there and other orders will be added up from six carmakers…
read moreAAA Auto's sales down by 52.5% to 8,924 cars in Q1, less in Czech Rep than in Slovakia
May 22, 2009 | 05:52pm CEToriginalThe decline was though expected with regard to leaving the foreign markets. The sales have been growing gradually since the beginning of the year. In April the sales reached...
read moreTPCA restored recruitment campaign due to increase of production
May 22, 2009 | 01:54pm CEToriginalThe reason is growing production and the need for covering summer vacations as well. In June the carmaker will engage…
read moreCzech producer of starters Magneton owes to some of its suppliers
May 22, 2009 | 01:12pm CEToriginalThe Brno Regional Court thus sent the company to insolvency proceedings. The company reputedly owes to the companies...
read moreCSOB Leasing started offering operating lease for individuals in Czech Rep
May 22, 2009 | 12:50pm CEToriginalA lease contract can be extended or shortened during its validity as well as a stipulated yearly number can be...
read moreBrno Motor Show will feature 36 automotive brands
May 21, 2009 | 09:15pm CEToriginalThere have been 180 exhibitors signed up at the motor show so far; two years ago there were 300 companies enrolled. The Brno Motor Show should be visited by...
read morePorsche denied reports about application for state help which was disapproved
May 21, 2009 | 08:06pm CEToriginalGerman journal Handelsblatt wrote earlier the carmaker had unsuccessfully tried to obtain a help...
read moreAAA Auto extends possibility of purchased car exchanging from three days to week
May 21, 2009 | 06:59pm CEToriginalThe possibility of the car exchanging within a week applies to vehicles with the price above CZK 100,000, and the new owner is obliged not to run more than...
read moreKoreans test to recharge electric vehicles from the road
May 21, 2009 | 06:00pm CEToriginalThe system will be tested in bus transport in Seoul and other South Korean cities this year. Some South Korean carmakers...
read moreAnother interested subject in Opel is investment company Ripplewood Holdings
May 21, 2009 | 10:46am CEToriginalThe company submitted an offer yesterday similarly as did the carmaker Fiat and the automotive supplier Magna...
read moreCable harness division of concern Alcoa bought by investment fund Platinum
May 21, 2009 | 12:16am CEToriginalPart of the purchase was also the Czech plant Alcoa Fujikura Czech in Stribro. The change of owner will not affect the production, but...
read moreDenso postponed decision to invest CZK 1.2 billion in plant extension in Liberec
May 20, 2009 | 09:51pm CEToriginalIn the case of Denso headquarters agreeing, the factory’s extension can be done in two years. The reason is mainly new contracts...
read moreJung: Skoda Auto to have production decrease lower than 10% this year
May 20, 2009 | 09:00pm CEToriginalThe carmaker expects a similar tendency even at sales. The market should decrease more; Skoda is therefore expecting a market share growth...
read moreIndebted Schaeffler abandoning plan of larger competitor takeover similarly as Porsche
May 20, 2009 | 07:38pm CEToriginalOn the contrary, the company now allows for a possibility of the takeover by Continental. Despite the crisis Continental invests in the Czech Republic...
read moreFrank Farsky leaves Renault Trucks
May 20, 2009 | 04:11pm CEToriginalHe led the representation in the Czech Republic and Slovakia for five years. New Renault Trucks CEO for the Czech Republic and Slovakia will be...
read moreSkoda Auto to invest EUR 2 billion in products until 2013
May 20, 2009 | 03:42pm CEToriginalOne part will go to the Group’s new mini car which will be produced in Bratislava, Slovakia. From the Czech Republic there will be besides transmissions...
read moreDaimler bought 10% share in electric car manufacturer Tesla Motors
May 19, 2009 | 10:47pm CEToriginalThis will enable an extension of carmakers’ cooperation: Electric Smart with Tesla batteries by the end of this year, Tesla model S...
read moreITT Corporation started to produce car brake pads in Ostrava
May 19, 2009 | 10:15pm CEToriginalThe company will employ over 300 people here by the end of 2009. The production will be directed to...
read moreAAA Auto prolonged scrap bonus in Czech Rep and Slovakia till end of May
May 19, 2009 | 09:41pm CEToriginalIt has been utilized by more than 1,300 motorists in both countries so far. The action’s restoring is in the company considered...
read moreGerman carmaker Porsche negotiates with potential investor, maybe from Kuwait
May 19, 2009 | 05:44pm CET, updatedoriginalTalks look reputedly promising. Porsche and VW representatives however stated today that they will...
read moreSkoda Auto to produce transmissions into small concern car Up!
May 19, 2009 | 05:34pm CEToriginalThe company will invest over CZK 1.5 billion to the increased production of transmissions. Their production in Mlada Boleslav will then rise to...
read moreVolkswagen sales fell by 4.7% in April
May 19, 2009 | 01:12pm CEToriginalSales of Volkswagen fell by nearly 10% to 1.93 million cars after four months. In Germany...
read moreGerman company Edscha as well as its Czech plant in insolvency
May 18, 2009 | 11:10pm CEToriginalEdscha Bohemia owes to the revenue authority CZK 21 million. The next four creditors...
read more
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