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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
GE Capital appointed new head of leasing division in Czech Rep
April 14, 2016 | 11:36pm CEToriginalHe is a manager of Raiffeisen, who has experience from several international companies. The former and new Managing Director of GE Money Leasing...
read moreBarthes: Most Nissan dealers in Central Europe to have EV license by 2017
April 14, 2016 | 11:28pm CEToriginalThe current situation in Hungary, Poland, Czech Republic and Slovakia, Leaf 30 kWh with longer range, warranty, pricing, financing, sales results in 2015...
read morePSA reduces financial activities in Eastern Europe
April 13, 2016 | 01:09am CEToriginalBy contrast, it is creating joint ventures in Western Europe. The affected countries and partners, sale of Banque PSA Finance branches in the Czech Republic and Slovakia, timing...
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 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 moreVolkswagen gained more from LeasePlan sale than expected
March 21, 2016 | 11:16pm CEToriginalReasons, the completion of the transaction, the current profile of the largest lessor of cars in the world...
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 moreAmper 2016: Over 20 EVs and HEVs to be present at 24th year of fair
March 14, 2016 | 11:42pm CEToriginalBesides cars there will also be electric vans, motorcycles, bicycles and scooters. Conferences, the Toyota, Lexus, VW, Nissan, Kia, BMW, Tesla, Renault, Peugeot, Skoda vehicles at the Amper Motion...
read moreDieselgate: Allianz allegedly to bring action against Volkswagen due to declining stocks
March 8, 2016 | 11:38pm CEToriginalAllianz is to bring an action as the carmaker’s minority shareholder, although the two companies are partners in the automotive insurance. The amount of damage, timing...
read moreCeska pojistovna began offering insurance for license plates on request
March 1, 2016 | 11:34pm CEToriginalReasons, details of insurance (sum insured, covered risks, participation, influence on the bonus, price)...
read moreDefend VIN.Pro.Tec: Defend launches VIN etching into windscreen with insurance
March 1, 2016 | 01:38am CEToriginalThe amount of performance, personalization of the marking, the product as part of a new fourth pillar called Protection, other products by Defend Automotive Group, B2B clients…
read moreVolkswagen 1%: Volkswagen Financial Services offers credit with tire service for free in Czech Rep
March 1, 2016 | 01:17am CEToriginalThe product parameters, original winter wheels for free, the affected models, timing, guaranteed residual value by the dealer, the possibility of frequent replacement of a car...
read moreLexus Garant: Toyota extended its offer of flexible credit to Lexus cars in Czech Rep
February 26, 2016 | 04:12am CEToriginalAffected models and prices, parameters close to operating leases, guaranteed residual value of the car, special offer for the Toyota Garant, business results...
read moreFleet Derby 2016: Fleet Car of the Year in Czech Rep is Volkswagen Passat
February 19, 2016 | 02:44am CEToriginalThe winners in individual categories were Skoda, VW, LeasePlan, ALD Automotive, TomTom and CPP. Detailed results, more nominations, more jurors, sponsors...
read moreCar of the Year 2016 in Czech Rep is Skoda Superb
February 18, 2016 | 12:03am CEToriginalEco Car of the Year is the Volkswagen Golf GTE, Technical Innovation of the Year is the Subaru EyeSight. Point difference of the finalists, public voting, decreasing level of the competition...
read moreCar of the Year 2016 in Czech Rep: Less nominations, fewer jurors, lower winnings
February 14, 2016 | 10:59pm CEToriginalThe absence of city cars among finalists, SMS competition, the nominations for Technical Innovation of the Year and Eco Car of the Year, sponsors...
read moreDefend Insurance Group agreed on new cooperation in Czech Rep
February 9, 2016 | 11:43pm CEToriginalCooperation relates to the insurance of failures of auto parts. Partner and its results in 2015, the product and its parameters, scope of coverage, performance limit, participation, prices...
read moreVolkswagen Financial Services made changes in fleet department in Czech Rep
February 8, 2016 | 11:38pm CEToriginalThe positions concerned, managers and their profiles, timing...
read moreInterest in operating leases by UniCredit in Czech Rep and Slovakia increased severalfold in 2015
February 8, 2016 | 11:15pm CEToriginalA record year for the UniCredit Fleet Management division, reasons, results in both markets, the group synergies, HR, the plan for 2016, prepared on-line calculator...
read morePolish head of Toyota appointed president for Central Europe
February 7, 2016 | 10:40pm CEToriginalHe will be responsible for four markets, while the former regional director was in charge of three. His profile, the new position of Shingo Kato...
read moreCEZ E-mobility: CEZ to soon announce winner of tender for new supplier of charging stations
January 28, 2016 | 11:25pm CEToriginalParticipants, existing suppliers, issues, current and planned locations for fast charging stations, EV fleet and its financing, possible change in the tariff for electricity...
read moreUniCredit: Czech market for car finance to consumers up by 11% in 2015
January 27, 2016 | 03:53am CEToriginalDetails of the estimation, the situation in leases and credits, growing interest in operating leases, the most popular models of clients of the leasing division, the outlook for 2016...
read moreVolkswagen began offering branded insurance of VW, Audi and Seat cars in Czech Rep
January 20, 2016 | 11:33pm CEToriginalThe three partners of Volkswagen Financial Services, availability according to the method of acquisition, the possibility of arranging even for used cars, accessories coverage (extended warranty, service contract), innovation of Skoda Insurance…
read moreBilik: Czech leasing market grew by 7% in 2015, Arval more
January 19, 2016 | 02:28am CEToriginalThe exceeded plan, a portfolio of clients, HR, reduced network of service partners, operating leases for consumers, the target for 2016...
read moreCar Importers Association to start publishing statistics of vehicle financing in Czech Rep
January 18, 2016 | 02:32am CEToriginalSDA also intends to clean up the registrations in terms of the influence of operating leases for consumers. Timing, partners, statistics by operator in 2015...
read more
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SELECTED FLASH NEWS
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
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SELECTED ARTICLES
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