latest flash news, including attachments, available to Autofox News subscribers after login
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
Skoda Auto changed conditions of used cars’ sales to employees, trying to eliminate unfair business
June 22, 2010 | 02:04am CEToriginalCurrently, the employees may buy a used car for the same price as the contract merchants. Pricing, financing from SkoFIN, compensation of interests...
read moreGE Money Auto: Czechs most often decide according to consumption when buying car
June 21, 2010 | 03:54am CEToriginalThe important criteria include the car brand, price/performance ratio, space of the car and appearance. The difference in requirements between men and women...
read moreJaguar Land Rover prepares branded financing in Czech Rep, premiere in autumn
June 15, 2010 | 04:34am CEToriginalThe carmaker’s financial partner in Europe is the FGA Capital (part of Credit Agricole) that does not operate in the Czech Republic, but...
read moreCCS: Fuel significantly increased in Czech Rep after long time, last week by about 40 hellers
June 15, 2010 | 02:48am CEToriginalReasons for this price increase, detailed data, analysts forecast for this week, the development in Slovakia...
read moreFiat Profi Assist: Guaranteed mobility for Fiat commercial vehicles from Europ Assistance
June 14, 2010 | 02:42am CEToriginalIt is the first product of the joint cooperation of Fiat Ceska republika and Europ Assistance. Details of the new services...
read moreAuto In expands in another city in Czech Rep, to open its fifth Ford showroom
June 11, 2010 | 03:54am CEToriginalAt the same time, it is going to replace another dealer, who has retained the service license, though. The premises in Pardubice, Hradec Kralove, Liberec, Chrudim, will be extended for…
read moreEurop Assistance increased its sales by 66% in Czech Rep in 2009, half accounts to automotive
June 11, 2010 | 03:41am CEToriginalThe structure of roadside assistance interventions abroad; cooperation with carmakers, insurance and leasing companies...
read moreSkoda dealer and petrol station operator FB automobil got into financial problems
June 11, 2010 | 03:11am CEToriginalThe Court commenced insolvency proceedings with the company, owing for the fuel as well. Creditors, debt levels, partners...
read moreFinancing of cars under 3.5 t in Czech Rep down by 5.5% in Q1, up by 4.8% for new cars only
June 11, 2010 | 01:02am CEToriginalThe company Credium did better than the whole market when its growth reached 5.7%, or 13.6%. Share of credit financing and new cooperation with Isuzu...
read moreFord Extra 12: Warranty for Ford used cars for 1 year on completion of inspection service
June 10, 2010 | 11:53pm CEToriginalThe guarantee program has been prepared by Europ Assistance and Ford for 10 European countries including the Czech Republic. Coverage, exclusions, availability at dealers...
read moreJan Krob left CSOB Leasing after five months
June 9, 2010 | 10:55pm CEToriginalThe position of executive director of commerce is now under the competitive tendering. Interim commercial head, Krob’s new position...
read moreMazda and Credium launched finance calculator in Czech Rep and Slovakia
June 9, 2010 | 10:42pm CEToriginalThe price calculator after entering customer parameters (down payment, instalment, period) offers affordable models. Parameters of the loan...
read moreDaimler expects stagnating sales of Mercedes-Benz and Smart passenger cars in 2010
June 9, 2010 | 04:35am CEToriginalSales in 2008, 2009 and plan for 2010, sales to car rentals including CNG vehicles, corporate clients, results of the Prague dealership, the CarStore program...
read moreIndependent car dealer Auto Busch opened new showroom in Prague
June 9, 2010 | 04:03am CEToriginalIt is the third showroom of the company in the Czech Republic. It is going to offer sales of new and newish cars of Ford and Mitsubishi brands there, other brands to follow later...
read moreTomas Hejda left CSOB Pojistovna, Petr Milata became new spokesman
June 9, 2010 | 12:06am CEToriginalMilata thus moved from internal to external communication within the company. Hejda’s new position…
read moreCCS: Fuel prices almost stagnated in Czech Rep last week
June 8, 2010 | 11:54pm CEToriginalPetrol Natural 95 became cheaper by an average of 2 hellers, diesel by 1 heller. Expectations of analysts for this week...
read moreBRNO: Profits of Czech automobile industry decreased by 59% in 2009
June 8, 2010 | 01:59am CEToriginalThe average value added per worker, however, increased by 30.4%. Additional information resulting from the competition of Enterprise of 2009...
read moreUniCredit Leasing prepared financing package Relax Pack for customers of Renault and Dacia brands
June 8, 2010 | 01:49am CEToriginalThe new product includes advantageous interest rates and accident insurance, payment protection insurance, GAP insurance. Details...
read moreAAA Auto offers free service for 1 year and discount on spare parts for Skoda cars from June
June 7, 2010 | 02:55am CEToriginalSales of Skoda cars from January to May 2010, Carlife warranty for 12 months for cars over CZK 100,000, the reduction within funding...
read moreZlata koruna 2010: Best financial products in automobile insurance and financing by Kooperativa, SkoFIN, UniCredit Leasing, CSOB Leasing, Hertz Lease and ALD Automotive
June 4, 2010 | 12:31am CEToriginalThe main categories were dominated by non-automotive products though. The winning automotive products...
read moreGE Money Auto: Most common offenses of Czech drivers are speed-exceeding for men and phone calls without hands-free for women
June 3, 2010 | 02:10am CEToriginalThe speed is exceeded by men under 29 years of age most often. The frequency of other offenses for men and women resulting from a survey...
read moreWustenrot insurance company innovated parameters for damage liability segmentation in Czech Rep, and reduced rates by 20%
June 2, 2010 | 04:27am CEToriginalIt has also introduced a new comprehensive insurance Wustenrot ProAuto. Parameter changes, rates, the package ProAuto, special offer...
read moreCzech Rep moved among world's car makers from 19th at 13th place in 2009
June 2, 2010 | 01:34am CEToriginalDevelopment of production in separate emerging markets and developed countries and regions, potential and investments in CEE, production moving from Western to Eastern Europe...
read moreOpel Hot Week: 7x24 hours with discounts up to CZK 200,000 for both passenger and utility models
June 2, 2010 | 12:01am CEToriginalDuring the entire month of June, Opel Finance is offering a one-year interest-free credit with two instalments 50/50. Parameters of the new product, a six-year warranty...
read moreCCS, Natankuj.sk: Fuel in Czech Rep cheaper by 20 hellers last week, same as in Slovakia
May 31, 2010 | 11:57pm CEToriginalAccording to analysts, prices could, however, fall by up to CZK 1. The current price level, the strategy of petrol stations, the outlook for this week...
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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...
Witte Automotive (manufacturer of vehicle latch, locking, safety systems with 6,000...
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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Fischer Surface Technologies (manufacturer of chrome-plated plastic parts for interior...
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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
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Source: ECB, November 21, 2024