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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
Cars
Czech Rep aims to attract more automotive companies from USA
April 7, 2016 | 12:37am CEToriginalThe tour of CzechInvest, locations (motor show, congress), timing, microsite CzechAutomotive.org, the delegation participants, investments by US firms in 2015...
read moreFairfax bought QBE activities in Eastern Europe
April 5, 2016 | 11:39pm CEToriginalThey will be included in the new non-life insurance Colonnade Insurance. The countries concerned, management, timing, products, HR, business size, transfer of contracts, advisor in the transaction, websites...
read moreSDA: Registrations of new cars in Czech Rep rose by 7.8% in March
April 5, 2016 | 11:15pm CEToriginalGrowth was driven by Skoda, BMW and Mercedes. The slump in commercial vehicles, results in Q1, consumer demand for operating leases, a drop in purpose registrations, views of PwC and SDA...
read moreNew owner completed restructuring of Auto Charouz Group
April 4, 2016 | 11:26pm CEToriginalThe new brand Corson, renaming of some companies, the closure of some dealerships, the brand for used cars, separation of some companies, management, websites, results in 2015...
read moreDaimler to invest hundreds of millions of euros in two locations in Europe
March 31, 2016 | 08:54pm CEToriginalCountries and locations, the amount of investments, allocation to production and R&D, the models concerned, HR, an agreement with the unions, cost savings, timing, cooperation of factories...
read moreSkoda Auto to enter joint venture of Volkswagen and SAIC in China
March 30, 2016 | 11:56pm CEToriginalPossible relation to Dieselgate, the investment amount, timing, model expansion, the sales outlook for the Czech brand in the Middle Kingdom...
read moreFord makes changes in production in Eastern Europe
March 30, 2016 | 11:43pm CEToriginalThey are related to two countries and two models. Related investments, the sales outlook of SUVs and AWD vehicles in Europe, analysis of IHS Automotive...
read moreToyota Weekend: Toyota dealers in Czech Rep received over 100 orders on Sat and Sun
March 30, 2016 | 11:07pm CEToriginalThis year's record results, customer demand for various models and HEVs, traffic in showrooms...
read moreDieselgate: Volkswagen faces accusations of misleading advertising on diesel cars in USA
March 29, 2016 | 11:49pm CEToriginalDetails of the lawsuit brought by the FTC, the length of prohibited behaviour, the number of cars sold, the amount of compensation...
read moreVolkswagen recalls EVs
March 29, 2016 | 11:32pm CEToriginalThe affected models and model years, reasons, the start of the recall action in the United States...
read moreA123 Systems to build factory in Europe, Czech Rep won
March 28, 2016 | 11:57pm CEToriginalLocation, reasons, capacity, products, timing, HR, cooperation with R&D centre in Germany, the assistance of CzechInvest, new orders for batteries, clients...
read moreVolkswagen recalls 800,000 VW and Porsche vehicles
March 28, 2016 | 10:42pm CEToriginalReasons, models and model years concerned, the number of cars, preventive nature of the recall action...
read moreDeloitte: Three quarters of automakers and suppliers in CEE to increase production by 2020
March 24, 2016 | 02:12am CEToriginalThe situation in the Czech Republic, the importance of Central Europe's 'Detroit', competitive advantages, threats, relocations of factories, country preferences for a new plant, HR, innovations, R&D, supplier-customer relations…
read moreVolkswagen recalls over 200,000 VW and Skoda cars
March 23, 2016 | 11:18pm CEToriginalReasons, possible consequences, the affected models and model years, the number of cars...
read moreHE3DA found investor for production of li-ion batteries
March 22, 2016 | 11:57pm CEToriginalPlant for production lines in the Czech Republic, licensed production of patented batteries worldwide, the investment amount, timing, HR, troubles of the co-owner with the law...
read moreOpel 24 Hours: Opel dealers sold over 2,000 cars in Czech Rep and Slovakia in one day
March 22, 2016 | 11:49pm CEToriginalRecord results in 2016, sales in the Czech and Slovak markets, demand for various models, comparison with the year 2015...
read moreSkoda Auto reportedly planning first investment in China
March 21, 2016 | 03:08am CEToriginalReactions of the automaker, plans with partners, the volume and allocation of fund, the access to the joint venture, a plan of the Czech brand to increase sales in its biggest market...
read moreAutomakers in US agreed to introduce automatic braking
March 18, 2016 | 02:38am CEToriginalThe producers concerned, the timing for cars, vans and light trucks, accident statistics, criticism of the proponents of mandatory implementation of this technology...
read moreSkoda Auto operating profit in 2015 up by 12% with sales growth of 6.2%
March 17, 2016 | 11:55pm CEToriginalReasons, production, sales, profitability, investment, HR, the creation of reserves due to Dieselgate, partial application at Volkswagen...
read moreMaserati recalls 30,000 cars
March 16, 2016 | 11:48pm CEToriginalThis is due to unwanted acceleration of the vehicles, which Toyota had previously struggled with. Affected models and years of production, details of the problem and the measures, Brake Override System...
read moreMann+Hummel completed reorganization of top management
March 15, 2016 | 10:54pm CEToriginalSeven-membered Board of Directors, Frank B. Jehle's departure, Manfred Wolf's move to a newly acquired business, new heads for Automotive OEM, Automotive Aftermarket and Industrial Filtration...
read moreAutobond grew at double-digit pace in 2015
March 15, 2016 | 10:38pm CEToriginalRevenues, sales of new and used cars, the results of individual brands, Bond Auto+, extension of Bond Rent, changes in the dealer network, the plan for 2016, the 10th anniversary of the firm...
read moreVolkswagen Financial Division increased profits in 2015 at double-digit pace
March 15, 2016 | 10:18pm CEToriginalCreating a reserve to cover any drop in the residual values of leased vehicles, drop in rating, outlook of Volkswagen Financial Services for 2016, problems in the BRIC markets...
read moreSmart Transport Robot: BMW began to use self-driving robots in logistics
March 14, 2016 | 03:38am CEToriginalLocation, supplier and its clients, characteristics and capabilities of autonomous robots, utilization of recycled BMW i3 batteries, expansion after pilot project, digitization of production...
read moreCSU: Car prices in Czech Rep up m/m in February 2016
March 14, 2016 | 02:40am CEToriginalBoth new and used cars became more expensive. Conversely, motorcycles, servicing and spare parts became cheaper. Detailed data, the annual development...
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