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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
Tyco Electronics moving part of automotive production from Western Europe to cheaper locations
June 22, 2009 | 10:12pm CEToriginalSome production is moving to the Czech Republic, other to a new factory in Ukraine, which began operation...
read moreSixt to expand its fleet for another brand in the Czech Rep
June 22, 2009 | 07:27pm CEToriginalSeat will be added to Volkswagen, Ford, Audi, Mercedes-Benz and Skoda cars. Tender for 80 cars supply won...
read moreHyundai i30: Within stock sales estate at price of hatchback and diesel engine at price of petrol
June 22, 2009 | 04:09pm CEToriginalOffer applies to model year 2008 and until the stock lasts. When purchasing model i30 or i30cw it is possible to save...
read moreVolkswagen without loss in Q2, even the whole year 2009 should end with profit
June 22, 2009 | 12:55pm CEToriginalAt the same time the carmaker will consider giving sports car manufacturer Porsche a loan, which has reportedly been granted one loan from Volkswagen already...
read morePorsche revenues down by 15%, sales by 28% in Q1-3
June 21, 2009 | 06:26pm CEToriginalThe carmaker registered the most significant drop in the US and Canada. Considering the specific models...
read moreSales of Skoda cars stagnated in Europe in May, dropped by 5.5% totally this year
June 20, 2009 | 11:43am CEToriginalRegistrations of new passenger cars went up by 20.5% y/y in the Czech Republic in May; in Slovakia even by...
read moreCSOB Leasing to administer fleet of CSOB group amounting to almost 1,000 cars
June 20, 2009 | 11:09am CEToriginalAll by means of the form of fleet management and full service leasing as well. CSOB Leasing also became a provider of operative leasing for Skoda Auto...
read moreSlovakian server published photos of Skoda Superb Combi
June 20, 2009 | 10:13am CEToriginalThe photographs were taken during damper tests on the highway D2. According to the tests the back part will look different than indicated by computerized drawings so far…
read moreChinese carmaker BAIC to struggle with Magna for Opel
June 19, 2009 | 07:30pm CEToriginalBAIC has acquired an approval to look into the German carmaker's accounting. A part of the alliance of Magna and Opel might also become the carmaker...
read moreFiat to shut down car production at Sicily plant
June 19, 2009 | 03:39pm CEToriginalFiat needs to reach annual sales of 5.5 million cars in order to survive. The overall sales of Fiat and Chrysler though range only around...
read moreChrysler to resume production at seven possible plants
June 19, 2009 | 02:26pm CEToriginalChrysler will announce resuming production in other plants at the end of June probably. Production in newly resumed plants will proceed…
read moreSales of cabriolets down by roughly a half in Czech Rep
June 19, 2009 | 01:47pm CEToriginalThe economic recession is the cause for it has brought interest in the entire category of sports cars down. The fall considers premium brands mainly...
read moreNissan offers CZK 50,000 to CZK 120,000 discounts according to model till end of June
June 18, 2009 | 04:28pm CEToriginalWithin a special offer “Scrap bonus weeks with Nissan” it is enough to bring a toy-car of a model intended for scrapping. The offer relates to commercial cars too…
read moreSegment of exclusive cars not affected by crisis in Czech Rep
June 18, 2009 | 03:57pm CEToriginalSales of exclusive cars went up y/y this year even—by 20 cars per 130 units. However, the situation in Europe is inversed. The reason is...
read moreDealers: Orders for Skoda Yeti in Czech Rep just sporadic over 10 days
June 18, 2009 | 12:36pm CEToriginalInterest in the Yeti is though bigger than in other Skoda models. People are waiting for showroom cars to appear in the car centres. That should happen in…
read moreCzech Senate approved anti-crisis packed including scrap bonus proposed by CSSD
June 18, 2009 | 08:59am CEToriginalAccording to specialists from PwC the scrappage scheme gives advantage to some brands and models only, it will affect future sales and contribute to another decline in used car prices...
read moreSkoda Auto sales decreased by 7.3% to 59,600 cars in May
June 17, 2009 | 08:55pm CEToriginalSales of the Volkswagen Group have increased by 1.5% to 556,700 cars for the first time in 2009. However, in Germany and China, the Czech carmaker grew by...
read moreAuto Diskont follows its competitors and also introduced scrap bonus
June 17, 2009 | 08:16pm CEToriginalAt the same time, the used car dealer, which is controlled by AAA Auto, change its orientation and increases the proportion of younger and more expensive cars...
read moreAudi A5 Sportback: Five-door coupe to be introduced at Frankfurt Motor Show
June 17, 2009 | 07:10pm CEToriginalRight after that it will go on sale from EUR 36,050 (about CZK 960,000) with an engine 2.0 TDI (125 kW). In mid-2010 a new basic version will come...
read moreUS Government refused further help for automotive suppliers
June 17, 2009 | 05:28pm CEToriginalAn allocation of a USD 5 billion support, in which also the carmakers GM and Chrysler have a share, was initiated in April. Suppliers though asked for a further help...
read moreFiat obtained EUR 400 million loan from EIB for development of more eco-friendly cars
June 17, 2009 | 12:28pm CEToriginalFiat acquired the credit under the EIB's European Clean Transport Facility focusing on support...
read moreSecond Audi Terminal in Czech Rep and sixth brand showroom in capital to be built in Prague
June 16, 2009 | 09:55pm CEToriginalIt started to be built by the new authorized Audi dealer, already the 16th in the Czech Republic. The dealer also obtained a license to service Audi R8 cars. This is a company...
read moreGeneral Motors confirmed Saab sale to small-lot manufacturer Koenigsegg
June 16, 2009 | 07:42pm CEToriginalBoth sides signed a preliminary agreement and the sale should be concluded by the end of Q3. The agreement supposedly contains...
read moreUniCredit Leasing expanded vehicle financing portfolio for brand Kogel in the Czech Rep
June 16, 2009 | 07:16pm CEToriginalFinancial company therefore entered trailers segment after the cars and trucks segments. It began offering scrap bonus as first in it...
read moreBosch expects downturn of revenues for automotive components by about 20% due to crisis
June 16, 2009 | 06:33pm CEToriginalThe decline in automotive division was 7% last year. Over this year the group expects the first consolidated loss...
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