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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
Diess: BMW and Daimler can buy up to 10% of all components together without harming the brands
August 4, 2009 | 01:17pm CEToriginalThose can be automatic system, wheels or tyres. By the year 2012, BMW wants to lower purchasing costs by…
read moreFord suspended sales of Swedish passenger car producer Volvo Car
August 4, 2009 | 12:30pm CEToriginalThe US carmaker is awaiting a result of the battle for Opel. The situation could be clearer after today’s meeting of the German government with GM’s representatives…
read moreSuzuki’s operating profit dropped by 80% in Q2 along with downturn of revenues by 37%
August 4, 2009 | 11:13am CEToriginalSales went down by 12% to 541,000 cars. However, the company partially succeeded in offsetting a steep fall of demand on developed markets by increasing sales in…
read moreCarmakers Renault, Mazda and Mitsubishi posting a loss this year
August 3, 2009 | 12:49pm CEToriginalRenault expects global car market to decline by 12%; a previous prognosis was 15%. In H2, the company intends to increase production by…
read moreCeska posta considers putting CNG drive into its car fleet
August 3, 2009 | 11:39am CEToriginalNevertheless, it has now put up a purchase of 600 delivery trucks with diesel engines for a tender, which replaces the cancelled tender from autumn 2008...
read moreSumitomo continues downturn in automotive production in Slovakia, this time in another division
August 2, 2009 | 11:23pm CEToriginalAfter the planned closure of the SE Bordnetze plant in Nitra, SEWS Slovakia, manufacturer of wiring harnesses for cars, has now announced the second wave of release...
read moreImporter of Kia cars to Czech Rep has new president since July
August 2, 2009 | 10:43pm CEToriginalInto the company Kia Motors Czech, H.L. Baik has come from the Korean headquarters, who replaced Kyung-Hyeon Kim after 4.5 years. That one left…
read moreDaimler posted loss of EUR 1.06 billion in Q2
August 2, 2009 | 10:04pm CEToriginalThe company’s management became worse by EUR 2.3 billion over the year along with a drop of revenues of 24.6 %. Compared to Q1, the carmaker lowered the loss by…
read moreOperating profit of carmakers Honda Motor and Nissan Motor fell by almost 90% in Q2
July 31, 2009 | 12:46pm CEToriginalBoth companies, however, kept themselves in black numbers. While Honda has improved the prognosis of profitability for the whole financial year, Nissan expects...
read moreSkoda Auto net profit declined by 61.7% in H1 at revenues drop by 19.7%
July 31, 2009 | 10:28am CEToriginalThe carmaker has been doing better than its competitors; its sales drop reached only 10.1% in H1. However, the world’s car market declined by...
read moreProduction complex Alcoa Fujikura in Stribro is for sale for CZK 104 million
July 31, 2009 | 09:58am CEToriginalAt the end of July, 600 employees are leaving the company. Many of them have already found work, for example, in the manufacturer of decorative components for car interiors...
read moreGM vice-president: We can not accept conditions included in Magna offer
July 31, 2009 | 09:17am CEToriginalAmong the controversial points there are the intellectual property of Opel and GM’s activities conditions in Russia. In contrast, RHJ offer is...
read moreVolkswagen net profit fell by 83% in Q2, in whole H1 declined by 81%
July 30, 2009 | 10:40pm CEToriginalSubsidiary carmaker Skoda Auto reported an operating profit of EUR 135 million in H1, which means the y/y fall by...
read morePSA expects revival of European car market after 2010
July 30, 2009 | 06:08pm CEToriginalThe company posted a net loss of EUR 962 million in H1, which is a y/y downgrade of economic results by…
read moreChevrolet dealer network in Czech Rep undergoing radical change
July 29, 2009 | 10:21pm CEToriginalFour dealers added up in 2008, and one in 2009. The biggest changes go through the eastern Bohemia, where the dealer activities have been ended by companies...
read moreMicro-Vett initiated production of electric car Fiat 500
July 29, 2009 | 09:50pm CEToriginalThe Italian company has 15 orders for the model already. Micro-Vett plans on expanding its dealer network in Europe in the meantime; newly to the region CEE…
read moreFiat to launch first models with LPG drive on Czech and Slovak market in autumn
July 29, 2009 | 09:25pm CEToriginalAt the same time, it will start to sell Ducato CNG on both markets. First Fiat is going to offer LPG models Grande Punto and Bravo, later also...
read moreToyota sales declined by 26% to 3.56 million cars in H1
July 29, 2009 | 08:41pm CEToriginalToyota has therefore kept the market’s best position ahead of GM by about 10,000 cars. Toyota production plummeted by more than 40% in H1, decrease in June was lower...
read moreMagna improved bid for Opel purchase
July 29, 2009 | 08:11pm CEToriginalAutomotive supplier Magna is now offering EUR 350 million from its own resources and in convertible bonds...
read moreToyoda Gosei resumed five-day work week in Klasterec after five months
July 29, 2009 | 04:30pm CEToriginalThe company dismissed 85 people due to the crisis at the end of the last year. At the beginning of the next year, the company expects a growth of sales and wants to increase the number of employees to…
read moreFlemish government provided guarantees for credit from EIB to Volvo Car for production of new models S60 and V30
July 29, 2009 | 03:46pm CEToriginalAt the same time, the government expressed worries over liquidating Opel’s plant in Antwerp, which is intended by Magna and RHJ, too. Belgium is said to have offered Opel for modernization of the plant…
read moreTotal of 273 firms from automotive industry went bankrupt in Japan in H1
July 29, 2009 | 02:40pm CEToriginalMainly car dealers and distributors and automotive supplier are concerned. In a year-to-year comparison, that is a growth of bankruptcies by…
read moreThe US Government plans to sell its share in carmakers GM and Chrysler as fast as possible
July 29, 2009 | 01:23pm CEToriginalNow, the Government holds 61% of GM’s stock and 8% of Chrysler’s stock. The Government will offer the stock of the carmakers to investors probably in…
read moreVolvo car importer to Czech Rep closed retail sale
July 28, 2009 | 11:43pm CEToriginalVolvo Auto Czech will continue to be engaged solely in the brand promotion on the market and in the dealer network. The showroom in Pruhonice has been sold to a new dealer…
read moreCar production in Poland increased by 28% in H1
July 28, 2009 | 04:41pm CEToriginalThe reason is scrap bonus introduced in many European countries. Fiat plant in Tychy will, therefore, significantly increase production in August and take...
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