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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
Financial Companies
Autofox Helps: Allianz donates over EUR 900,000 to areas in Central Europe affected by floods
September 23, 2024 | 10:36pm CETpublicThe company will allocate the money to the Red Cross and other organizations that operate in the affected region. As an initial contribution, the most affected countries, Austria, Poland and Czechia, will each receive an amount of EUR 300,000. Allianz Central Europe will also match its Central European employees' donations...
read moreAutofox Helps: Volkswagen Financial Services donated EUR 50,000 to Protestant Foundation Neuerkerode
May 31, 2020 | 11:29pm CETpublicUse of the money by the German foundation, partnership started before the outbreak of the corona pandemic...
read moreAutofox Helps: Toyota Group helps efforts on front lines of treatment and in limiting further spread of Covid-19/coronavirus
April 21, 2020 | 11:53pm CETpublicAt the same time, the automaker and group companies (Toyota Motor, Toyota Financial Services, Denso, Toyota Boshoku, Aisin Seiki, Daihatsu Motor, Hino Motors) will implement measures aimed at improving structure to drive future recovery. Examples of support activities in Japan, Europe, China, North America and Asia...
read moreInsurance companies in Czechia raised prices of damage liability in 2018
November 19, 2018 | 11:21pm CEToriginalThe increase of insurance premiums by units to tens of percent according to risk, reasons, situation in commercial vehicles and fleet clients, statements of individual companies...
read moreCars on Riverside 2018: Seven brands added, two dropped out compared to last year
August 30, 2018 | 03:24am CEToriginalThe second year should host over 100 cars and vans of 25 brands and 9 groups. Details, accompanying program, partner, estimated attendance of the first year...
read moreGerman unions demand 6% wage increase in Volkswagen
October 27, 2017 | 11:10am CEToriginalThe demand for wage growth also applies to the Volkswagen Financial Services division. Requirements of the Czech unions at Škoda Auto...
read moreConference on automotive industry in Czechia and Central Europe to take place in Brno
October 25, 2017 | 09:52am CEToriginalLecturers from Škoda, Hyundai, TPCA, Iveco, Tatra, KPMG, Kovo, ABB, Brano, Motor Jikov, Minerva or CzechInvest, topics of the 14th year, partners...
read moreJedteVolit.cz: SmileCar, Rekola, Liftago offered discounted or free transport to polls in Czechia
October 23, 2017 | 11:15pm CEToriginalDetails of the special offers of these three startups, available locations, the profile of SmileCar and its partners...
read more7 Days of Peugeot: Peugeot holds traditional weekly campaign with preferential car prices in Czechia
September 23, 2017 | 09:40pm CEToriginalDate, models and prices offered, winter tires for free when using funding, nearly 20-year history of the campaign, results in January...
read moreOpel 500: Opel organizes another annual campaign accompanied by offer of 500 cars with benefits and price discounts
September 23, 2017 | 07:44pm CEToriginalDate, declared discount amounts, free roof rack, winter tires free of charge with funding used, Opel VIP membership fidelity program, micro booths…
read moreCars on Riverside 2017: Organizer ensured three more brands and exhibition of energy company
August 31, 2017 | 02:36pm CEToriginalThese are a low cost, a non-premium and a premium brand. Inspiration for the exhibition in Prague, the course of negotiations not only with automakers, presented EVs…
read moreCzech Railways: LeasePlan won tender for lease of cars and vans again
August 9, 2017 | 12:23am CEToriginalModels, number of vehicles, price, length of the contract, utilization, small part of the fleet owned by…
read moreUniqa succeeded in tender of one leasing company in Czech Rep
August 2, 2017 | 08:33pm CEToriginalDetails of the order, number of vehicles covered, insurance premium, timing, previous partner for damage liability...
read moreUber to expand cooperation with Axa
July 26, 2017 | 11:45pm CEToriginalBoth companies have been working together in one African country since 2016. Locations, product, timing...
read moreOne manager to leave Porsche Czech Republic
July 23, 2017 | 11:57pm CEToriginalFor several years, he has led one of the Volkswagen Group brands. His next direction, successor, timing...
read moreCode of Ethics: Hyundai modified sales conditions in Czech Rep
July 11, 2017 | 11:55pm CEToriginalThis was done on the basis of an antitrust investigation. Details of change relating to brand insurance, financial results of Hyundai Motor Czech in 2016...
read moreEurop Assistance succeeded in LeasePlan's tender for car assistance provider in Czech Rep
June 28, 2017 | 12:11am CEToriginalScope of services, timing, previous partner of leasing company...
read moreBusinessRent: Business Lease opened car and van rental in Czech Rep
June 27, 2017 | 11:57pm CEToriginalThe fleet including EVs, CNG vehicles and cars for the disabled, prices, benefits, utilization possibilities, Tesla EVs at RentPoint car rental...
read moreMitsubishi Motors began to offer branded insurance in Czech Rep
June 21, 2017 | 11:05pm CEToriginalThe partner is Uniqa, which has long-term and rich experience with branded insurance. Details of the cooperation and the product Mitsubishi insurance including PAYD/PHYD…
read moreBMW Group began to provide tyre insurance in other countries in Europe
June 20, 2017 | 12:05am CEToriginalPartner, states, models, conditions, insurance period, price, insurance cover, first model with optional runflat tires...
read moreLegends 2017: Organizer expects to increase attendance
June 9, 2017 | 04:08am CEToriginalOvercoming the Brno Motor Show, budget and financial results of the motorist event, insurance, cooperation negotiations with the Goodwood Festival of Speed...
read moreLegends 2017: Fourth year to be attended by more than 15 automakers and dealers again
June 7, 2017 | 11:40pm CEToriginalDate, main themes, exhibitors, presented brands, exhibits and their value, guests, partners, clubs, official car...
read moreSociete Generale to sell part of ALD Automotive on stock exchange
June 6, 2017 | 10:48pm CEToriginalDetails of IPO, the amount of share, share price, expected income, value of the leasing company, reasons, timing...
read moreTUV Sud and UAMK established cooperation in Czech Rep
May 10, 2017 | 11:10pm CEToriginalContent of the partnership, common communication activities, timing...
read moreHavex and Imofa increased car sales by 6.9% in 2016
April 26, 2017 | 01:01am CEToriginalRecord year, sales of new and used vehicles, interest in individual brands, investment in modernization of showrooms, plan for 2017, fleet business, online service calculator...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
Auto In (Ford, Volvo, Hyundai, Škoda, Kia, Mazda, Mitsubishi, MG dealer in Pardubice...
JATO Dynamics: Tesla (362,000 registered cars) was best-selling battery electric vehicle...
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ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
Jahn: Škoda Auto could have sold more vehicles in 2023 (866,800 cars delivered to...
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
Hertsenberg: AutoBinck (Mitsubishi Motors, MG importer in Czechia, Slovakia) became...
AutoCare powered by CarGarantie: CarGarantie agreed to cooperate with Santander Consumer...
Constellium agreed with Renault Group to establish closed-loop recycling process for...
Witte Automotive took over Institut mikroelektronických aplikací (developer, manufacturer...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
Autofox Wordbook
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1 EUR = 1.05 USD
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Source: ECB, November 21, 2024