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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
Even people affected by floods can acquire Citroen’s scrap bonus
July 5, 2009 | 08:25pm CEToriginalNamely in case of either having their car insured or uninsured. Citroen’s scrap bonus in combination with the Bonus leasing has thus brought down price of the smallest Citroen to…
read moreChinese company BAIC also fighting for Opel besides RHJ
July 5, 2009 | 05:03pm CEToriginalRHJ and BAIC submitted preliminary bids for Opel share and are still negotiating with GM. Binding offer...
read morePrices of new cars the lowest in history in Czech Rep, not to go down any more
July 4, 2009 | 12:36pm CEToriginalMore than 12 models are cheaper than CZK 200,000; prices of 50 other cars do not exceed CZK 250,000. Until winter prices of new cars will be...
read moreSeat: Scrap bonus to cause drop of new car sales to record-breaking minimum 2.6 million in Germany next year
July 4, 2009 | 11:51am CEToriginalSales grew by 40% in June—equally to May. In the next months the association VDIK expects...
read moreBMW to limit production in second half of the year too
July 4, 2009 | 11:03am CEToriginalAn exception is BMW plant in Dingolfing where production of a new car BMW 5 Gran Turismo will begin in autumn. In Q1 the carmaker managed with...
read moreSkoda Auto to invest in electric car development, Superb to be rebuilt
July 3, 2009 | 10:51pm CEToriginalThis is one of the activities of the Volkswagen Group in the field of alternative drives, which is working on the development of electric cars...
read moreRussian truck manufacturer Kamaz at risk of bankruptcy
July 3, 2009 | 03:18pm CEToriginalThe company has not observed the terms for repaying loans and its creditors can now apply for a preliminary pay-off. Kamaz would not solve it even by...
read moreRenocar opened first separate showroom of Mini in Czech Rep in Brno
July 2, 2009 | 07:19pm CEToriginalThe new Mini centre has grown next to BMW showroom. At the same time Renocar has opened another showroom in which sales of...
read moreLear about to proclaim bankruptcy
July 2, 2009 | 07:14pm CEToriginalReorganization of the company will be supported by its creditors and bondholders. For financing its bankruptcy they will provide an amount...
read moreHead of Sberbank: Other candidates for Opel are out
July 2, 2009 | 06:59pm CEToriginalThe Chinese carmaker BAIC, the Belgian investment company RHJ and the Italian carmaker Fiat are among the interested persons in Opel purchase. BAIC should in the coming days...
read morePSA to decrease number of media agencies to two out of six in Europe within cost reduction
July 2, 2009 | 06:24pm CEToriginalSole media service suppliers will be agencies Havas/MPG and OMD. Selection procedures will take place in three European countries...
read moreGeneral Motors sales increased by 38% in China in H1
July 2, 2009 | 05:59pm CEToriginalThe carmaker sold there a total of 814,442 cars from January to June. For the whole year 2009 it expects to increase sales by...
read moreSerious financial problems are reason for PMG Finance group activities sale
July 1, 2009 | 10:36pm CEToriginalCompany AuTec Group is now consolidating by the consulting firm NSG Morison. As a part of the restructuring it will take place...
read moreGeneral Motors and Ford suspended their plants in Russia
July 1, 2009 | 08:20pm CEToriginalThe cause is downturn of demand. GM's plant in Sankt Petersburg will cease production for two months. Ford has suspended production in its Russian plant until...
read morePorsche rejected Volkswagen‘s offer, Qatar to be new investor
July 1, 2009 | 05:57pm CEToriginalPorsche will offer Qatar either a share in the company, or it will sell options for to further shares purchase in Volkswagen. The starting point can also be...
read moreGeneral Motors apparently close to agreement on Opel sale to Belgian company RHJ International
July 1, 2009 | 02:29pm CEToriginalRHJ International has enhanced its offer. According to sources, the preliminary agreement might be signed...
read moreSkoda Auto to produce engines and transmissions even during company holiday
July 1, 2009 | 11:46am CEToriginalWork will be voluntary during the holiday. It should be similar with the extraordinary working Saturdays, which are now being negotiated...
read moreCitroen extended its scrap bonus offer until end of August in Czech Rep
June 30, 2009 | 09:04pm CEToriginalOriginally, it has planned its end on June 30. At the same time, it extended the action called citroenovne for other models...
read moreAlcoa ends production in the Czech Rep because of low sales and also strong domestic currency
June 30, 2009 | 04:32pm CEToriginalStaff of the Stribro-based plant intends to organize protests before the next round of negotiations with trade unions on Wednesday...
read moreSkoda Auto innovated group 3-cylinder engine 1.2 HTP
June 30, 2009 | 03:59pm CEToriginalThe modernization is reflected in fuel consumption saving and emissions and noise reduction. Production keeps taking place in Mlada Boleslav for models...
read moreA. Charouz to import electric cars to Czech Rep, as well as hybrids
June 29, 2009 | 11:13pm CEToriginalFirst, it will be utility vehicles, later followed by passenger cars. A. Charouz is already agreed on the first car delivery in the Czech Republic, but negotiating with other subjects...
read morePorsche against sale of 49% share to carmaker Volkswagen
June 29, 2009 | 10:00pm CEToriginalThis sale is part of a proposal for the German carmakers’ merger, in which Qatar would play a big part...
read moreSberbank could withdraw from transaction with Opel
June 29, 2009 | 09:18pm CEToriginalFor GM is constantly changing conditions; a possibility of reverse stock buyout is not up-to-date anymore. There are reportedly no other clients concerned in Opel…
read moreGrant Thornton: Car manufacturers from Europe and Asia to dominate in North America
June 29, 2009 | 08:26pm CEToriginalGM, Ford and Chrysler will according to the study reduce its production capacity by more than 35% by 2012. Other carmakers will increase their production by about 20% to more than...
read moreChinese authorities probably to reject takeover of the US carmaker Hummer
June 29, 2009 | 06:29pm CEToriginalThe problem can be high consumption of the cars Hummer but also insufficient experience of the company Sichuan Tengzhong with car production…
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