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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
Slavia not to punish perpetrators of minor accidents by loss of bonus
November 24, 2010 | 02:19am CEToriginalLowering the bonus along with insurance coverage to and over CZK 15,000, a claim-free bonus in advance, discounts for different groups of drivers, insurance options...
read moreGenerali withdrew from most of claim charges in Czech Rep
November 24, 2010 | 01:49am CEToriginalAt the same time the insurance company introduced bonus copying to family members, and prepared a 55% discount on damage liability for the autumn and winter for…
read moreCCS: Fuel prices increased by tens hellers in Czech Rep last week
November 23, 2010 | 05:42am CEToriginalPetrol more expensive on average by 37 hellers, diesel by 32 hellers. Development in Slovakia and analysts' expectations for this week...
read moreCitroen started selling tested used cars under Citroen Select program in Czech Rep
November 22, 2010 | 12:45am CEToriginalIn Europe, there are 1,200 vendors providing such a service, in the Czech Republic another 25 dealers will be added. Warranty and other services from Europ Assistance, the sale plan, the current offer...
read moreSynlab united fleet management in Czech Rep under one leasing company and one brand
November 18, 2010 | 12:41am CEToriginalLeasePlan became a provider of the services. The size and composition of the fleet, operations and cost savings realized, the chosen brand...
read moreAll Dynavix navigations to inform of risky places on roads in Czech Rep
November 18, 2010 | 12:15am CEToriginalThey will take advantage of the database managed by the CVUT. Details of the project and portal BezNehody.cz, prepared implementation to route planners...
read moreCCS: Petrol more expensive in Czech Rep and Slovakia last week, price of diesel evolved differently
November 15, 2010 | 10:58pm CEToriginalDevelopment of fuel prices in the Czech and Slovak markets, analysts expectations for this week...
read moreTriglav significantly increased number of places for car claim settlement in Czech Rep and set up call centre
November 12, 2010 | 05:36am CEToriginalThe insurance company has thus improved and accelerated the process of liquidation. The eight regional branches were completed by tens of Dekra MOT stations…
read moreCCS, Natankuj.sk: Fuel prices fell slightly in Czech Rep last week, flat in Slovakia
November 10, 2010 | 11:53pm CEToriginalPetrol sold at filling stations in the Czech Republic discounted by 3 hellers, diesel by 2 hellers. Analysts' expectations for this week...
read moreCarGarantie to offer other products than automobile warranties in Czech Rep
November 10, 2010 | 05:50am CEToriginalTherefore, an affiliated company entered the Czech market in 2010. Now, CarGarantie is seeking a successor for Milan Veprek...
read moreAxa innovated criteria for car insurance in Czech Rep to address experienced drivers of non-premium brand cars from smaller towns
November 10, 2010 | 05:10am CEToriginalThe basic criterion of age, a discount for annual payment, accident insurance segmented by brand into fewer groups...
read moreKooperativa not to increase basic rate of damage liability in 2011
November 10, 2010 | 04:43am CEToriginalGood drivers will get a full bonus, those bad with more contracts will get a reduced malus, new clients will receive a discount of 10% for the last three years without accidents...
read moreCSOB Pojistovna not to increase rate of damage liability in 2011, introducing direct settlement
November 10, 2010 | 04:10am CEToriginalDetails of seven different discounts and bonuses, a set in the event of an accident free for new clients...
read moreDirect head Jan Carny to lead sister insurance company Intouch in Russia as well
November 10, 2010 | 03:39am CEToriginalAs the regional director of the RSA he plans to establish cooperation with Czech partners on the Russian market and expand product range there...
read moreCSOB Pojistovna: Highest accident risk in 2010 and in long term fall on large cities and north of Czech Rep
November 9, 2010 | 06:08am CEToriginalDistricts with the highest and the lowest accident rates, trends in improvement and deterioration, the impact of the August flood...
read moreZurich to enter CEE with extended car warranties, expansion to be ensured by former CarGarantie executives
November 8, 2010 | 05:25am CEToriginalReal Garant subsidiary begins its operation in the Czech Republic, Slovakia and Hungary. Personnel changes, corporate partners, details of the expansion...
read moreDalibor Sajar became head of Allianz marketing and CRM in Czech Rep
November 8, 2010 | 04:33am CEToriginalHe replaced Martin Podavka, who remains with Allianz. Sajar’s previous position, Podavka’s new post...
read moreRehak (Ceska pojistovna): Direct settlement with clearing center to be introduced in Czech Rep within one year
November 4, 2010 | 07:02am CEToriginalIt is now being discussed within CAP whether it will be in a legislative or non-legislative way. Liquidation companies falling out of the process, the situation in Europe...
read moreWustenrot gives toll sticker for arranging building savings and damage liability in Czech Rep
November 4, 2010 | 06:39am CEToriginalThe permanent discounts, Multibonus for owners of several cars, casualty insurance and assistance free of charge, progressive increase in bonus...
read moreGE Money Auto extended offer of autoCredit with free weekend stay until end of year
November 4, 2010 | 06:23am CEToriginalOver five months 4,700 clients took advantage of the offer, 75% of them selected hotels in the Czech Republic. The company has extended its offer before the winter with 20 mountain hotels...
read moreCeska pojistovna: Damage liability market in Czech Rep to fall by 2.9% in 2010 after falling by 0.1% in 2009
November 4, 2010 | 05:53am CEToriginalThe fight for the client is thus becoming tough, insurance companies are coming with direct settlement and new or enhanced services. Another negative phenomenon is not applying extra premiums...
read moreSkoFIN innovated communication strategy, introduced new logo and slogan
November 4, 2010 | 05:19am CEToriginalThe aim of the innovation is more precise addressing of potential clients. Tools for external communication, the planned expansion of services...
read moreUniqa to expand direct settlement of claims from accident insurance to damage liability
November 3, 2010 | 04:50am CEToriginalExisting clients will receive it automatically, the new ones within expanded assistance. The special offer until the end of 2010, including multiplication of bonuses and selection of one more benefits...
read moreTomas Zavoral became spokesman of Ceska pojistovna
November 3, 2010 | 04:24am CEToriginalCeska pojistovna thus filled this post after two months, when Vaclav Balek left for Allianz. Zavoral’s previous place of work...
read moreGenerali streamlined segmentation of damage liability in Czech Rep, only age to be important
November 3, 2010 | 03:41am CEToriginalDrivers under 30 years of age will have more expensive insurance if they cause an accident. Segmentation shall not apply to sole traders and inhabitants of Prague. A count of levels of the assistance services...
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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)...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
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King Long expands in Europe, established partner for Czech Rep and Slovakia
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Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
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Brano aims to develop its own electric vehicle, later might start producing it
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Source: ECB, November 21, 2024