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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
Ceska podnikatelska pojistovna increased selected rates of damage liability and accident insurance from September
September 10, 2010 | 06:04am CEToriginalAt the same time, CPP began to transfer the bonus of compulsory third party liability to accident insurance. Details of rate increases and the reasons...
read moreRaiffeisen - Leasing: Internet application participates in total car financing with 11%
September 10, 2010 | 05:40am CEToriginalThe application Click - Car Financing was visited by more than 30,000 users from January to May 2010 and the possibility of non-binding calculation was used by...
read moreDecrease in volume of leasing in Slovakia slowed down to 7.8% in H1 from 42.7% a year ago
September 10, 2010 | 05:11am CEToriginalThe leasing market was supported mainly by entrepreneurs and revived by the financing of commercial vehicles. Consumer financing, major players...
read moreArval increased number of vehicles financed by 7.1% in Czech Rep in 2009
September 9, 2010 | 03:56am CEToriginalThe company has provided clients with 2,400 cars for CZK 1 billion. The electronic log book, economic consulting, e-driver training...
read moreJiri Matula replaced Martin Kofron in CLFA management
September 9, 2010 | 12:41am CEToriginalThe vacant position of a vice chairman has been occupied by the long-time member of the CLFA Board, Blazena Valkosakova. The current personnel manning of the Board...
read moreToyota Financial Services added new applications for customers and dealers on its website for funding in Czech Rep
September 9, 2010 | 12:12am CEToriginalThese allow negotiating lease or loan contracts and insurance for new cars online. For used cars...
read moreCCS, Natankuj.sk: Fuel in Czech Rep and Slovakia continued in cheapening last week
September 8, 2010 | 11:50pm CEToriginalPetrol at Czech stations discounted on average by 17 hellers, diesel by 10 hellers. Analysts’ outlook for this week...
read moreDirect Pojistovna began to use tool for content personalization for web users
September 8, 2010 | 02:59am CEToriginalThe module is also able to optimize the performance of online campaigns on external web portals. Details of the tool, its supplier...
read moreSkoFIN was second largest internet advertiser in Czech Rep in July
September 7, 2010 | 04:24am CEToriginalHowever, the largest contracting authority was Vodafone with double volume of investments in advertising. Detailed info...
read moreClients of Direct Pojistovna with car to be depreciated after recent calamities can take advantage of favorable comprehensive insurance for 1 year
September 7, 2010 | 04:11am CEToriginalThe insurance for CZK 1 for clients affected by floods, 3 months free insurance for hail...
read moreCSOB Pojistovna: After year and half Czechs still have problems with correct filling in record of accident
September 7, 2010 | 01:01am CEToriginalThe problems can be avoided by reporting the accident to an insurance company or assistance service from the place of accident. The most common mistakes...
read moreFord Motor expand management in Czech Rep, separating sales and marketing
September 6, 2010 | 12:57am CEToriginalThe importer is thus returning back to the original structure after several years. It has solved all changes by promoting of its own employees...
read moreMartin Maly to leave Cetelem, outside field of finance
September 3, 2010 | 03:11am CEToriginalCetelem has not decided on his successor yet, a selection procedure is now under way. Maly’s new place of work...
read moreCeska pojistovna strengthened by Jan Hainz, became new head of communications
September 3, 2010 | 02:34am CEToriginalHe has replaced Richard Kapsa in the office, who still remains in CP. Existing and new duties of Kapsa in CP and Generali PPF Holding...
read moreVaclav Balek became head of communications at Allianz in Czech Rep
September 1, 2010 | 11:48pm CEToriginalHis predecessor, Pavla Pasekova left Allianz in late June. Balek came from the Ceska pojistovna, which has already chosen his successor...
read moreVladimir Bezdek to become head of Generali in Slovakia after Antonin Nekvinda
September 1, 2010 | 02:34am CEToriginalBezdek lastly worked in the Aegon group in the Czech Republic. Nekvinda may remain in Generali PPF Holding...
read mores Autoleasing increased number of new contracts by 21% in H1
September 1, 2010 | 02:21am CEToriginalWhereas the number in financing of used cars rose by 27%, new cars fell by 2%. The reason of the success is allegedly a gift in the form of a card for accommodation...
read moreCAP: Clients reported 2,600 claims on cars worth CZK 115 million to insurance companies after hailstorm over last week
September 1, 2010 | 02:06am CEToriginalIn terms of floods, there are 42 new claims worth CZK 3 million. Current numbers, the situation at the largest Czech insurance companies, Ceska pojistovna and Kooperativa...
read moreSkoFIN offers customers affected by August elements extension of payment holidays and remission of debt charges
September 1, 2010 | 01:54am CEToriginalThe grace period of four months, unpaid fees and penalties, validity of the offer...
read moreNew VW Passat to be introduced in autumn, third model produced in Nosovice to be named Hyundai ix20
August 31, 2010 | 03:16am CEToriginalOverall, there are 38 novelties fighting for the title Car of the year KMN 2011 in the Czech Republic, including a number of hybrids. Hyundai, Nissan and VW have three representatives...
read moreCzech manufacturer of machinery for carmakers and Tier 1 suppliers, Novapol is bankrupt
August 31, 2010 | 03:02am CEToriginalThe reason is the indebtedness of the company and inability to meet its obligations. Creditors, financial results, customers, plant in Horovice...
read moreCar financing in Czech Rep fell by 5.8% in H1, Toyota Financial Services being jumper of year
August 31, 2010 | 02:34am CEToriginalUniCredit Leasing, ALD Automotive and Arval recorded double-digit growth. Changes in the Top 10 ranking, changes in the volume of financing...
read moreVolkswagen prepared three bonuses for utility model Crafter in Czech Rep
August 31, 2010 | 02:17am CEToriginalIt is an advantage in terms of financing from SkoFIN, a general discount of CZK 75,000 excl. VAT and an extended warranty free of charge...
read moreCCS, Natankuj.sk: Fuel prices in Czech Rep and Slovakia dropped last week
August 31, 2010 | 02:06am CEToriginalPetrol discounted on average by 26 hellers/EUR 0.009, diesel by 15 hellers/EUR 0.008. Analysts’ expectations for this week...
read moreT-Motor Zlin plans to accelerate sales growth of Toyota cars in 2010
August 27, 2010 | 02:12am CEToriginalWhereas the increase reached 19% in 2009, the company plans an increase of 22% in 2010. Advantaged service for cars older than 5 years, an extended warranty...
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Source: ECB, November 21, 2024