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Štefek (PwC): Non-financial/ESG reporting (Environmental, Social, Governance; sustainability report) concerns 1,200-1,300 companies in Czechia (mainly large corporations purchasing new cars usually on operational leasing), many of them just getting to know issue of sustainability reporting (according to CSRD directive, start of effectiveness in 4 waves in 2025-2029, impact also on small and medium-sized enterprises/SMEs in subcontracting chain as part of calculation of carbon footprint of large enterprises) and is not yet significantly reflected in sales of electric vehicles (BEVs)
October 22, 2024 | 09:58am CETflashread more
Quality Days 2024: Czech Society for Quality (ČSJ) to hold conference on modern approaches in quality, improvement in Prague, Czechia on November 12 with separate section 'Quality in automotive industry'. Representatives of Škoda Auto, Bentley Motors, KION Stříbro, Cognexa, NQA, DQS Slovakia, VDA, ČAUI (Czech Association of Artificial Intelligence) to speak at event
October 22, 2024 | 09:53am CETflashread more
Stellantis extended production suspension of Fiat 500e BEV (September 13 – October 11) in Turin, Italy (Mirafiori plant) until November 1, due to continued weak demand. However, carmaker confirmed that it intends to invest EUR 100 million to equip model with more-performance battery
October 22, 2024 | 09:48am CETflashread more
National Development Bank (NRB) accepted 5,907 applications for 6,140 electric vehicles (5,946 passenger cars, 191 light commercial vehicles, 3 trucks), 2,696 charging stations in Czechia during almost seven months (30 weeks, March 18 – October 14) of duration 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 4,581 guarantee contracts, approved another 237 applications, now assessing 1033 applications. Greatest interest is in Tesla cars (2,593 vehicles), followed by Volkswagen (569), Volvo (541), Škoda (533), BMW (288), MG (277), Mercedes (182), Hyundai (158), Kia (119) and SsangYong (104). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers), 100% currently reserved, NRB paid out CZK 335.4 million (EUR 13.3 million) so far. However, these are not final results of programme, as registration of applications that NRB received before end of receiving applications continues, bank added
October 21, 2024 | 08:55am CETflashread more
Hydrogen Technology/Carbon Capture Expo Europe 2024: Representatives of Hyundai Motor Company, Airbus, ABB Energy Industries, AFRY, Air Liquide Engineering & Construction, Aramco, BASF Process Catalysts, Bilfinger, Capgemini Engineering, Cellcentric, CibusCell Technology, Dassault Systemes, DuPont Water Solutions, EnBW, E.ON Energy Projects, Everfuel, ExxonMobil Low Carbon Solutions, EY, Fraunhofer ISE, GE Vernova, GKN Hydrogen, Henkel, Holcim, Honeywell UOP, Horiba FuelCon, IBM Consulting, IdTechEx, KPMG, LBBW, Linde Engineering, Mitsubishi Corporation, Parker Hannifin, PwC Strategy&, Ricardo, Rockwell Automation, Schneider Electric, Shell Global Solutions, Siemens Energy, ThyssenKrupp Automation Engineering/Uhde, Trelleborg Sealing Solutions, TÜV Nord EnSys, Zeppelin Power Systems, eFuel Alliance, EBRD, EC (European Commission) to speak at conference on technologies for hydrogen, fuel cell and CCUS/CCS (carbon/CO2 capture, utilisation & storage) industry in Hamburg, Germany (October 23-24). Event divided into six thematic sessions – Strategic Forum, Hydrogen Production, Systems Integration & Infrastructure, Fuel Cell Design, Development & Manufacturing, E-Fuels & Hydrogen Propulsion, Carbon Capture, Utilisation, Storage & Blue Hydrogen
October 21, 2024 | 08:49am CETflashread more
GlobalData: Global new light vehicle sales down by 3.6% to 7.55 million in September, up by 0.4% to 63.77 million in Q1-3 (Western Europe -4.1% to 1.18 million, +1.1% to 10.08 million; Eastern Europe including Turkey and Russia +10.2% to 398,685, +17.4% to 3.36 million)
October 21, 2024 | 08:42am CETflashread more
Traction Battery Watchdog: Devinn (development company with 160 employees in Jablonec nad Nisou and Mladá Boleslav, Czechia; turnover over CZK 250 million/EUR 10 million) developed device for continuous monitoring of internal safety parameters of traction battery during storage and series production of electric vehicles (EVs), allowing continuous monitoring of values and alarm declaration (fire department, SMS, PCO) in case of exceeding limits. Compared to conventional thermal camera monitoring, Watchdog significantly increases time to react to safety risk. First customer is Škoda Auto with its plants in Mladá Boleslav and Kvasiny, Czechia
October 18, 2024 | 10:49am CETflashread more
Hydrogen Technology/Carbon Capture Expo Europe 2024: More than 800 exhibitors, including 3M, ABB, AGC Chemicals, AIP Automotive, Air Liquide, Air Products, Atlas Copco, BASF, Bibus, Bilfinger, Bosch, ContiTech, Cylinders Holding, Daido Steel, Donaldson, Dräger, DuPont, E.ON Energy Projects, ElringKlinger, Engie, Evonik, Freudenberg, GKN, Henkel, Hexagon Purus, Honeywell, Horiba, Ingersoll Rand, Kamax Automotive, Kawasaki Gas Turbine, Kyocera AVX Components, Linde Engineering, MAN Energy Solutions, Mann+Hummel, Mitsubishi Heavy Industries, Mitsui, Nippon, Parker Hannifin, Rheinmetall, Röchling, Schaeffler, Schneider Electric, Senior Flexonics, SIAD, Siemens, Sumitomo, SVÚM, ThyssenKrupp Automation Engineering, Toyota Motor Europe, Toyota Tsusho, Trelleborg Sealing Solutions, TÜV Nord, TÜV Süd and Voestalpine, to join exhibition on technologies for hydrogen, fuel cell and CCUS/CCS (carbon/CO2 capture, utilisation & storage) industry in Hamburg, Germany (October 23-24)
October 18, 2024 | 10:38am CETflashread more
Battery Value Chain as Opportunity: Czech Battery Cluster (ČBK), Central Bohemian Innovation Center (SIC), CzechInvest to hold in Prague on October 21 seminar on comprehensive view of battery ecosystem in Czechia. Event connects Czech universities, state administration, private sector with aim of strengthening cooperation in field of production, recycling, use of batteries. Representatives of Zebra Group, REMA Battery, Kovohutě Příbram, H Test (Htest), EcoTech Hub, Czech E-mobility Platform, VŠCHT, UCEEB ČVUT to speak at seminar
October 17, 2024 | 08:50am CETflashread more
Sales (deliveries to customers) of Volkswagen Group down by 7.1% in Q3, by 2.8% to 6.52 million in Q1-3 (VW -6.6%, -2.5%; Škoda +6%, +4.5%; SEAT+Cupra -4.4%, +7.7%; VW Commercial Vehicles -11.8%, +3.6%; Audi -16%, -10.9%; Bentley -35.6%, -26.6%; Lamborghini +18.7%, +8.6%; Porsche -7%, -6.9%; MAN -29.4%, -18%; VW Truck & Bus +28.4%, +20.5%; Scania +1.6%, +9.3%; International Motors/Navistar +40.5%, -2.1%). Competitive situation in China is particularly intense (Q1-3: -232,500), which is main reason for global decline in our deliveries (-191,100), Schubert said. Sales excluding China up by 0.9% (+41,400) to 4.47 million units
October 17, 2024 | 08:42am CETflashread more
National Development Bank (NRB) stopped accepting applications for Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs) on October 14 at 2:30pm, as allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers) were used up in almost seven months (30 weeks, March 18 – October 14). Support for electromobility continues in coal regions of Czechia (Moravian-Silesian Region, Ústí Region, Karlovy Vary Region), where NRB provides interest-free loans to small and medium-sized entrepreneurs as part of Transformation programme (CZK 500,000 to 100 million/EUR 20,000 to 4 million, maturity up to 10 years) for purchase of electric vehicles intended for delivery, service and other similar purposes
October 17, 2024 | 08:31am CETflashread more
National Development Bank (NRB) accepted applications for 5,631 electric vehicles, 2,427 charging stations in Czechia during more than six and half months (29 weeks, March 18 – October 7) 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). Of total volume of allocated resources (CZK 1.95 billion/EUR 79 million for BEVs/FCEVs, chargers), 90% (CZK 1.75 billion/EUR 70 million) currently reserved, NRB paid out CZK 298 million (EUR 11.8 million) so far
October 16, 2024 | 10:31am CETflashread more
Automakers
Hyundai to initiate two-shift operation in Nosovice on September 7
August 20, 2009 | 11:22am CEToriginalThe reason is a planned initiation of serial production of B-segment MPV, which was named Kia Venga. Launching the model on market and its price…
read moreUS carmaker Ford increases production due to scrappage scheme
August 20, 2009 | 09:51am CEToriginalThe company has increased production plan for Q3 by 10,000 cars to 495,000 cars. Its production should thus raise by 18% y/y. In Q4, Ford expects an increase in production by…
read moreSmaller Russian carmaker IzhAvto proclaimed bankruptcy
August 20, 2009 | 08:34am CEToriginalRoughly 2,000 employees have already agreed to leave the company in exchange for compensation money. The company produces for the carmaker AvtoVAZ but also for…
read moreSaarGummi to invest CZK 100 million in new technology in Czech Rep
August 19, 2009 | 09:22pm CEToriginalAlong with it the company will create 80 new work places. The investment relates to an order for a new model of Mercedes-Benz B-Class, which will come into market in…
read moreKoenigsegg agreed with GM to purchase carmaker Saab
August 19, 2009 | 10:43am CEToriginalKoenigsegg will pay a very small amount of money for Saab because it will also take the carmaker’s old debts over. For a fixed period, Saab will share…
read moreSales of carmaker Volkswagen went up for the third time in sequence in July
August 18, 2009 | 10:27pm CEToriginalThe concern turned profit from strong demand in Germany and China mainly; sales in Europe decreased. Its subsidiary Skoda Auto…
read moreProfit of South Korean carmaker Kia grows faster than of its controlling company Hyundai
August 18, 2009 | 07:49pm CEToriginalThe company’s revenues went up by 11.5% in Q2, its profit quadrupled. During all this year, Kia intends to increase sales to…
read moreAudi to initiate production in its second plant in China in September
August 18, 2009 | 03:23pm CEToriginalIn the plant, which the carmaker built together with its Chinese partner FAW Group, Audi will be producing the models A4L and Q5. Audi’s production capacity in China will thus grow to…
read moreHyundai scrap bonus availed by 300 customers during two weeks
August 18, 2009 | 02:43pm CEToriginalMoreover, the carmaker has increased the quota of stock cars during the offer. Hyundai had all cars without exception ecologically scrapped…
read moreCzech plant of Olho-Technik enrolled 50 people thanks to scrap bonus in Germany this year
August 17, 2009 | 11:23pm CEToriginalThe company enrols new workers only for a specified period. Although the Czech plant is expecting slump at the end of the year, it intends to enrol next...
read moreSaab sale to group of investors around Koenigsegg getting complicated
August 17, 2009 | 06:29pm CEToriginalOne of the investors has according to the Swedish press withdrawn his previous interest. Moreover, the Koenigsegg Group...
read moreToyota plans to increase production by 3% to 6.5 million cars
August 17, 2009 | 05:14pm CEToriginalIt is caused by government measures for the car sales support around the world. The carmaker has already improved annual sales estimate...
read moreQatar to purchase 10% of holding Porsche SE and options on stock of Volkswagen
August 16, 2009 | 06:17pm CEToriginalThe Qatari state-owned company Qatar Holding will invest in the whole transaction…
read moreGeneral Motors has not chosen any buyer for Opel so far
August 16, 2009 | 05:50pm CEToriginalMagna submitted a new offer on Thursday which GM is going to compare with an “attractive” proposal presented by RHJ. At the same time, GM denied Thursday’s statement of Magna’s CEO…
read moreFord extended line of special offers until September 30 and added several new ones
August 14, 2009 | 02:25pm CEToriginalThe initial offer has been set up for the facelifted models Transit Connect and Tourneo Connect, the carmaker introduced a new design line Fusion Calero and…
read moreWittig: Sales of Volkswagen to decrease by 5% this year
August 14, 2009 | 01:57pm CEToriginalThe carmaker has thus improved its estimation of sales for this year when it expected a fall by…
read moreSupervisory Boards of Volkswagen and Porsche approved companies’ merger
August 14, 2009 | 11:28am CEToriginalVolkswagen CEO Martin Winterkorn became a new Porsche head yesterday and he should also be in the lead of the merged group. The merger should be completed in...
read moreMagna and General Motors supposedly agreed on purchase of share in Opel
August 14, 2009 | 10:02am CEToriginalThe agreement must be approved by management boards of GM and Magna and by trustee members with a controlling share of 65% in Opel after that. However, the competing interested subject RHJ is not out of play yet…
read moreAutomotive supplier Magna fell in loss in Q2
August 14, 2009 | 09:14am CEToriginalThe company’s revenues went down by 45%. Magna was hit by a fierce drop of car production, which fell by 49% in North America and in Europe by…
read morePorsche Inter Auto opened new Skoda showroom in Hradec Kralove
August 13, 2009 | 09:12pm CEToriginalNew complex for CZK 140 million will offer service facilities for brands Skoda, Audi, Volkswagen and Seat. Annually, the company would like to sell...
read moreFiat to take over Italian body shell designer Bertone
August 13, 2009 | 02:20pm CEToriginalFiat is about to take over all 1,137 employees of the company, plans its co-operation with the US carmaker Chrysler and in the following three years, it will invest…
read moreVolkswagen wants to increase production in Brazil by 39% by 2012
August 13, 2009 | 01:35pm CEToriginalOn account of accomplishing the aim, Volkswagen requires that its suppliers in Brazil increase capacity and production. Production purchase of the carmaker should grow by…
read moreTrade unions and management of carmaker SsangYong agreed on dismissals
August 13, 2009 | 12:48pm CEToriginalNegotiations of management with trade unions accompanied by a strike lasted two and a half months. Another South Korean carmaker Hyundai is transferring production abroad due to trade unions…
read moreDenny: AAA Auto plans to build network of car services based on franchising
August 12, 2009 | 11:43pm CEToriginalOriginally, the company wanted to open commercial car services within its branches. AAA Auto is already involved in the car service field...
read moreA. Charouz keeps expanding on the Czech market
August 12, 2009 | 11:14pm CEToriginalIt would like to bring other brands that are not yet presented here to the Czech Republic. At the same time, the company is not against the acquisitions of failing dealers...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
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