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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
Chrysler 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...
read moreSkoda Auto net profit decreased by 91.4% at revenues fall of 29.6% in Q1
April 29, 2009 | 06:18pm CEToriginalThe biggest Czech carmaker´s sales declined due to the recession by 17.5% to 143,079 cars. The production...
read moreLesy CR purchased anti radars to new Audi limousines
April 29, 2009 | 05:00pm CEToriginalThe company paid CZK 135.000 for them. Price of seven company-owned cars amounted CZK 8.3 million, thus more than...
read moreQatar interested in purchasing share in Porsche carmaker
April 29, 2009 | 04:17pm CEToriginalBoth sides have already negotiated on the subject, according to Qatar prime minister. Share sale to Qatar might...
read moreGM's creditors disagree with restructuring plan, and predict bankruptcy
April 28, 2009 | 09:56pm CEToriginalCreditors require to be treated equally with trade unions; this means that they should get shares in the same ratio as...
read moreTentative agreement: Saturday’s shifts in Skoda Auto according to unions, time accounts as of September
April 28, 2009 | 04:42pm CEToriginalFirst 50 employees of the Volkswagen plant in the Slovak town Martin have begun to work in the Skoda carmaker on Monday. In the second wave...
read moreDaimler agreed on withdrawal of its remaining 20% share in Chrysler
April 28, 2009 | 03:56pm CEToriginalThe complete Daimler‘s departure will untie the Chrysler’s hands for agreement negotiation of an alliance with the Italian company Fiat, and...
read moreGeneral Motors to cut about 27,000 jobs, government might acquire GM's majority share
April 27, 2009 | 10:30pm CEToriginalOut of the total, 21,000 will for the US and 5,900 for Canada. The carmaker also intends to discontinue the Pontiac brand and reduce...
read moreToyota Urban Cruiser: In sale from CZK 399,900; 4x4 version from CZK 479,900
April 27, 2009 | 05:31pm CEToriginalToyota is entering the B-SUV segment with this model in which the company would like to acquire 4% share. In the Czech Republic the company would like to sell...
read moreUS trade unions agreed on concessions with Chrysler, Fiat and the government
April 27, 2009 | 05:25pm CEToriginalThe only carmaker’s obstacle in obtaining the state assistance is now the negotiation with creditors. The agreement with Fiat on the assumption of 20% share in Chrysler...
read moreHyundai aims to borrow EUR 250 million for plant completion in Russia
April 27, 2009 | 04:21pm CEToriginalThe plant’s building in Russia started in Russian St. Petersburg in last June. The originally planned date of production starting…
read moreTruck manufacturer Volvo suffered a loss at revenues fall of 26.8% in Q1
April 27, 2009 | 01:54pm CEToriginalAnalysts, however, expected the loss lower. Despite the negative results, the company will not further dismiss its employees, but...
read moreChrysler's Canadian employees agree on wage-cutting by one fourth due to alliance with Fiat
April 25, 2009 | 07:27pm CEToriginalAnother option of saving is limitation of daily working hours by...
read moreFord suffered a loss of USD 1.43 billion in Q1
April 25, 2009 | 07:23pm CEToriginalIn the same period of 2008 the carmaker posted a net profit of USD 70 million. The company’s revenues decreased by...
read moreEmployees from Bratislava-based Volkswagen to help with production in Skoda Auto temporarily
April 25, 2009 | 05:39pm CEToriginalThey will primarily help with the Fabia model production to which there is a long waiting time due to scrap bonus.
read moreBrno-based car fair Autosalon to welcome 37 brands at the beginning of June
April 24, 2009 | 07:51pm CEToriginalTotal of 39 brands took part in the last year of Autosalon in 2007. This year, there will be…
read moreSouth Korean carmaker Kia returned to profit in Q1 at revenues fall of 6%
April 24, 2009 | 07:07pm CEToriginalAnalysts expected profit in Q1, but significantly lower than in reality reported net profit of...
read moreChrysler on edge of bankruptcy, Fiat probably to prefer purchasing Opel
April 24, 2009 | 06:17pm CEToriginalThe US Ministry of Finance has called upon the Chrysler carmaker today to prepare for...
read moreVAT deduction increased car interest less than it was expected
April 24, 2009 | 05:44pm CEToriginalIn addition, there are few cars on the market. Customers must watt for some cars for even several months, including the best selling car…
read moreHyundai’s profit dropped by 42.7% in Q1 along with sales revenues decline by 26.4%
April 24, 2009 | 11:39am CEToriginalThe results were though better than expected by analysts mainly due to the weak won. Profit margin has dropped to…
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SELECTED FLASH NEWS
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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SELECTED ARTICLES
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