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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
Saab has currently 10 serious candidates for its takeover, Fiat is not among them
May 5, 2009 | 06:28pm CEToriginalThe Swedish government negotiated Saab with Fiat a few weeks ago. Saab assumes the agreement conclusion in...
read moreMercedes-Benz opened new sale and service complex in Stodulky, Prague
May 5, 2009 | 04:14pm CEToriginalThe company has invested CZK 530 million in the complex. Mercedes took into account a possible expansion in the future during the construction already...
read moreArval: Small and medium-sized companies to expand vehicle fleet, large companies to reduce number of cars
May 5, 2009 | 02:57pm CEToriginalMore than half of the firms assumes that the current financial crisis will not effect their vehicle fleet...
read morePorsche vs. Volkswagen: Shareholders and management discuss all options
May 5, 2009 | 11:52am CEToriginalFerdinand Piech proposes selling Porsche to Volkswagen for EUR 11 billion. Wendelin Wiedeking, head of Porsche, pushes on…
read morePecina, head of UOHS: Lesy CR violated law when purchased Audi limousines
May 5, 2009 | 11:07am CEToriginalAccording to Pecina, it is not possible for the enterprise to buy company cars from the importer only because they were offered a discount. The enterprise is now at risk from a fine...
read moreSales of new passenger cars in France, Italy and Spain fell in April
May 4, 2009 | 10:53pm CEToriginalThe decline has been around 7% in France and Italy, however, in Spain...
read moreFiat promised to keep Opel brand and its German plants
May 4, 2009 | 08:39pm CEToriginalFiat estimates Opel's stabilisation costs to EUR 5 to 7 billion. However, a Canadian car part manufacturer Magna is at stake as well...
read moreTata Motors earned on Nano model‘s orders USD 500 million already
May 4, 2009 | 08:24pm CEToriginalA third of clients have already paid the full price of the Nano model. Tata records orders for…
read moreLaw might unburden selected motorists from fees for used cars‘ registration
May 4, 2009 | 06:40pm CEToriginalThis might be enabled by a modifying proposal of the government amendment to the Waste Act. Fee exemption might be newly valid for...
read moreLeasePlan: Used cars‘ prices increased by up to 10% in the Czech Rep during Q1
May 4, 2009 | 05:01pm CEToriginalThe price decline of used cars has stalled on the Czech market, the prices even increased during Q1. In the next months of this year…
read morePeugeot 308 CC: Coupe-cabriolet with 'heat scarf' in sale from CZK 609,000 (EUR 24,700)
May 4, 2009 | 04:23pm CEToriginalAfter Mercedes, the Airwave system is coming to Peugeot too. Peugeot plans to sell in the Czech Republic...
read moreCzech Chamber of Commerce: Czech companies against scrap bonus
May 4, 2009 | 12:58pm CEToriginalThe scrap bonus initiation would not contribute to Czech economy presently. Local companies stand against initiation of such grants...
read moreAston Martin aims to have 150 dealerships worldwide by 2011
May 4, 2009 | 12:44pm CEToriginalAston Martin has currently 125 dealers in 40 countries; the last one was opened in Prague. The opening of dealership in Slovakia, Poland and Hungary...
read moreMartin Jahn resigned his membership in government advisory body NERV
May 3, 2009 | 10:11pm CEToriginalThe NERV will thus be nine-member only. Jahn, who supported the scrap bonus initiation during his membership in the NERV, has resigned...
read moreFiat confirmed interest in German carmaker Opel
May 3, 2009 | 08:53pm CET, updatedoriginalThe interest in Opel has been also expressed by Canadian car parts manufacturer Magna International, which already...
read moreLouwman to sell Lexus cars in the Czech Rep, showroom in Prague to open in September
May 3, 2009 | 07:39pm CEToriginalIn connection with this event, there will be changes for Louwman in the sale of Toyota cars and also in the Lexus Lounge project…
read moreChrysler proclaimed bankruptcy and will form alliance with Fiat
May 1, 2009 | 08:00pm CEToriginalFiat will assume 20% share at the beginning. When Fiat redeems Chrysler's loans provided by the US government, it will become...
read moreUOHS investigates state enterprise Lesy CR in terms of purchase of 7 Audi limousines
May 1, 2009 | 12:51pm CEToriginalThe antitrust office suspects the company of Public Order Act offence during car purchase worth millions of korunas...
read moreVolkswagen to discontinue production in Bratislava in mid-May
May 1, 2009 | 11:22am CEToriginalThe company is going to make use of the production cut even within advance working for productin of the car line New Small Family. The outage will last from...
read moreChrysler reportedly to announce bankruptcy, agreement on alliance with Fiat completed
April 30, 2009 | 07:57pm CEToriginalNegotiations with creditors have failed even though the Ministry of Finance has increased its offer considering the exchange of remitted debt for...
read moreGM’s creditors seek to obtain majority in the company
April 30, 2009 | 05:31pm CEToriginalOnly 1% of the enterprise should remain to the existing shareholders, while the US government should...
read moreScrap bonus in Czech Rep might be applied to showroom cars too
April 30, 2009 | 10:54am CEToriginalThe bonus will thus be obtainable for luxury cars, such as some BMW models or Skoda Superb. The price must be lower than…
read moreAston Martin officially opened its 125th dealership in Prague today
April 29, 2009 | 10:27pm CEToriginalThe dealership has been acquired by Auto-Exner company which added the brand to its portfolio along with Bentley and Lamborghini. Aston Martin has been negotiating the dealership with...
read moreVW’s net profit fell by 72% at revenues fall of 11%
April 29, 2009 | 08:21pm CEToriginalThe results are then slightly better than the preliminary data from the beginning of April. Divisions of VW, Seat and Bentley posted...
read moreEC approved help for Fiat to develop Lancia Ypsilon's successor
April 29, 2009 | 07:54pm CEToriginalItalian government will then grant EUR 46 million to Fiat as a regional help which is part of an investment project for...
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