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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
Vehicle Segment
Hyundai mulls shifting production of i20 model from India to Europe
May 12, 2009 | 09:18pm CEToriginalThe Korean carmaker Hyundai might move production of the i20 hatchback from India to Europe and the Czech Republic is in play. A decision will be taken in...
read moreGoodyear Dunlop Tires to unify management for Czech Rep, Slovakia and Hungary
May 12, 2009 | 04:35pm CEToriginalThere has only been the corporate management for Czech and Slovak markets so far. The restructuring is coming in context of changing the general manager's position...
read moreTrnava-based plant of PSA Peugeot Citroen does not catch up with demand, extends working time
May 12, 2009 | 03:47pm CEToriginalThe reason is increased demand for the model Peugeot 207. The precaution will be initiated on June 1 and will last...
read moreUniCredit Leasing offers loan for Subaru cars with 0% mark-up till end of June
May 12, 2009 | 10:22am CEToriginalAt the same time Subaru offers up to 15% of discount for selected cars till the end of May. Conversion to LPG drive is now available for...
read moreUnipetrol to unify car fleet under the brand of Skoda
May 11, 2009 | 11:12pm CEToriginalUnipetrol’s fleet, including nearly 400 cars, will completely change within...
read moreVolkswagen further expanding in Asia, with local partner to assemble cars in Indonesia
May 11, 2009 | 07:29pm CEToriginalOperation of the new plant should be launched later this year. The plant will initially produce Volkswagen Touran cars, and later...
read moreProduction of SUV Skoda Yeti to start on Tuesday in Kvasiny
May 11, 2009 | 06:57pm CEToriginalSkoda Auto calculates upon a production of roughly 200 cars per day. Some dealers have already started making independent waiting lists...
read moreScrap bonus helped car sales also in April in Slovakia
May 11, 2009 | 06:08pm CEToriginalThere were 10,902 new passenger cars and light utility vehicles registered in the country, which signifies a year-to-year rise by...
read moreSAP: Vehicle production in Czech Rep dropped by 23% in Q1, year-long decline difficult to predict
May 11, 2009 | 04:58pm CEToriginalThe carmakers Skoda Auto, Tatra, Avia Ashok Leyland recorded a significant decline in production, on the contrary...
read moreHead of Daimler to deepen co-operation with BMW
May 10, 2009 | 07:02pm CEToriginalDaimler does not plan to delay or lower its investment in Hungary. Considering other plants...
read moreOpel considers producing car for less than EUR 9,000 and reviving Wartburg brand
May 9, 2009 | 05:58pm CEToriginalThe new Wartburg, which might be produced in Eisenach, East Germany, would be a cheaper version of the model...
read moreAuto-Exner to sell 100 Aston Martin cars during four years
May 7, 2009 | 07:32pm CEToriginalAlong with 50 cars driving on the Czech roads the company wishes to have 150 cars in its portfolio by 2012. Investment into a new dealership ranged to...
read morePorsche Inter Auto expands to other cities in Czech Rep
May 7, 2009 | 04:54pm CEToriginalBesides Prague, Brno, Plzen, Olomouc and Ceske Budejovice the company will also sell cars in...
read moreGeneral Motors reputedly looking for share in Fiat
May 7, 2009 | 03:53pm CEToriginalIt would offer its activities in Europe and Latin America as a form of exchange. GM aims to get at least 30% of its division…
read moreCzech dealer network of Daimler carmaker comes through development
May 7, 2009 | 02:54pm CEToriginalSales of Daimler in the Czech Republic (excl. buses) should rise this year. The carrier model will be a new generation of the Mercedes E-class with planned sale...
read morePorsche does not want to take over Volkswagen any more, carmakers to establish a joint group
May 6, 2009 | 10:24pm CEToriginalBoth companies should make a joint venture, which will include ten brands. These will be still operating…
read moreBritish government to rescue LDV van manufacturer from bankruptcy
May 6, 2009 | 09:57pm CEToriginalThe British government has promised the company a bridging loan today, which will enable the company to survive until it will be taken over by...
read moreFiat denies information about the alleged plan to cancel 18,000 jobs
May 6, 2009 | 09:23pm CEToriginalIf Fiat takes Opel over, then there will be a threat of total or partial shutdown of the engines’ production in...
read moreSales of new cars in Czech Rep increased by 19% in April
May 6, 2009 | 07:55pm CEToriginalTherefore a deficiency from Q1 has been balanced, during which the demand for new cars dropped by almost 6%. In four months the registrations…
read moreJapanese carmaker Daihatsu reportedly considering opening representation for Central Europe
May 6, 2009 | 07:17pm CEToriginalThe cars Daihatsu were imported to the Czech Republic during the years 1991-1998. Several dealers sell in the Czech Republic…
read moreToyota Verso: In sale from CZK 539,900, 7-seated version for additional charge CZK 20,000
May 6, 2009 | 06:55pm CEToriginalVerso with a continuously variable transmission Multidrive S is available for CZK 674,900. In the Czech Republic Toyota wishes to sell...
read moreJung: Vrchlabi-based plant probably not to help with Fabia cars’ production, working Saturdays still possible
May 6, 2009 | 03:35pm CEToriginalThe scrap bonus introduction in the Czech Republic would be for Skoda Auto the best during the holidays. Production of Yeti model will start earlier...
read moreCSOB Leasing to offer operating lease for private entities in Czech Rep
May 5, 2009 | 10:03pm CEToriginalThe company thus uses amendment to an Act of VAT, valid from the beginning of this April. The new product will be presented on the market under the name of...
read moreOpel: Fiat plans to supposedly result in disappearance of up to 10,000 jobs in Europe
May 5, 2009 | 07:44pm CEToriginalThe German government still expects the submission of detailed plans for the Opel’s takeover from the Austrian-Canadian automotive supplier Magna...
read moreSales of Skoda cars increased by 88.8% in Germany in April
May 5, 2009 | 06:56pm CEToriginalTotal sales of new cars grew by 19.4% to almost 380,000 cars on the German market in April. In the coming months...
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