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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
Toyota Financial Services: In future we will offer financing of extended warranties and service contracts, supplementary insurance, untied loans
May 31, 2010 | 03:26am CEToriginalDuring 10 years in the Czech Republic, the company has financed over 14,000 Toyota and Lexus cars, which represents a penetration...
read moreAuto-Plus: Gift certificate from SkofFIN with purchase of used Volkswagen and Audi on lease/credit
May 31, 2010 | 02:38am CEToriginalIt can be used for accessories, spare parts or services. The number of cars offered, website visit rate, customer trends, sales from January to April 2010...
read moreNew comparison site for damage liability Porovnani-online.cz launched in Czech Rep
May 31, 2010 | 02:06am CEToriginalIt has thus joined dozens of others. Cooperation with insurance companies, competitors, arranging insurance in the world online, expert opinion...
read moreCredium in June: Service pack for Fiat Ducato worth CZK 63,000 CZK for CZK 6,666 with financing by lease
May 31, 2010 | 01:50am CEToriginalThe pack includes assistance services from Europ Assistance, extended warranty, service inspections, damage liability with a high coverage. Special offers for other brands...
read moreNew Audi dealer Autosalon Klokocka aims to sell up to 150 cars in 2010
May 28, 2010 | 04:11am CEToriginalIt has now opened the Audi Terminal for CZK 130 million in Prague. Plan for 2011, the loyalty program, shift to Shell oils, other brands...
read moreUniCredit Leasing started to cooperate with Suzuki brand in cars and motorcycles financing in Czech Rep
May 28, 2010 | 03:28am CEToriginalThe first offer of the Suzuki Finance is a zero increase of instalments from 40% down payment. It is the 13th cooperation with a carmaker on the Czech market...
read mores Autoleasing offers flood-stricken clients schedule of payments extension
May 28, 2010 | 03:16am CEToriginalThe refinancing of loan or lease is free of charge and the company will carry it out within an accelerated mode. However, this is conditioned by...
read moreGE Money Auto: autoCredit with weekend stay attracts public; offer extended until July 31
May 28, 2010 | 02:46am CEToriginalOver 1,730 customers made use of the offer in two months, choosing especially hotels in the Czech Republic. The special offer has increased the number of visitors on websites...
read moreDirect Pojistovna created new post of commercial director with responsibility for sales channels
May 27, 2010 | 05:09am CEToriginalRoman Wojdyla, the former CFO, was appointed to the position. A new CFO has become...
read moreErika Duchanova from UniCredit Leasing became new chairwoman of CLFA media committee
May 27, 2010 | 04:17am CEToriginalDuchanova has been a member of the media committee for several years. She has replaced Bela Jaskova in office, who…
read moreCetelem became another financial partner of Kia Motors in Czech Rep
May 25, 2010 | 01:27am CEToriginalCetelem offers wholesale financing to dealers. The first partner from among dealers, initial menu...
read moreCSOB Leasing offers customers affected by floods deferred repayments for up to 2 months
May 24, 2010 | 11:44pm CEToriginalDuring the payment holiday period the customers will pay insurance only. At the same time, the leasing company is prepared to waive payments in certain cases...
read moreCar financing in Czech Rep fell by 6.7% in Q1, Toyota Financial Services and Arval being movers of the year
May 21, 2010 | 03:18am CEToriginalThere were also other companies growing, namely SkoFIN, UniCredit Leasing, Credium and ALD Automotive. Changes in the Top 10 ranking, changes in the volume of financing, the reasons...
read moreDirect Pojistovna extends its activities of insurance sales through partners, having launched Affiliate program
May 18, 2010 | 11:56pm CEToriginalIt rewards website owners for mediated calculations or negotiated insurance. The amount of reward, the actual number of partners...
read moreCCS: Petrol price stagnated in Czech Rep last week, diesel up again
May 17, 2010 | 11:28pm CEToriginalWhile Natural 95 is now fluctuating slightly above CZK 32/L, diesel exceeded the border of CZK 31/L. In the y/y comparison…
read moreDirect Pojistovna offering 3-month free insurance until end of May
May 14, 2010 | 02:23am CEToriginalThe company has prepared the offer to a double anniversary: 300 years of RSA and 3 years of Direct Pojistovna. The offer applies to cars and motorcycles...
read moreIvan Vodicka to leave Ceska pojistovna, Pavel Rehak to be new CEO
May 14, 2010 | 01:56am CEToriginalRehak has thus been promoted from the position of deputy manager for client services. The personnel change will occur on...
read moreCSOB Pojistovna took over marketing activities of its parent company CSOB
May 14, 2010 | 01:28am CEToriginalAt the same time it has created a post of marketing head, which has been filled by Petr Kleiner on May 1. His first task will be...
read moreTriglav increased number of concluded contracts on damage liability by 10% in Czech Rep in 2009
May 14, 2010 | 01:09am CEToriginalGross premiums in this type of insurance, however, rose by 3.2% only. Financial results of the insurance company...
read moreKooperativa started to provide new clients with claims-free bonus in advance
May 13, 2010 | 01:15am CEToriginalHowever, if the client causes damage within 3 years, he has to give the discount of 15% back to the insurance company. Details of the offer Confidence...
read moreMazda 50:50: Credium offers interest free credit in Q2 for 12 months with two instalments at beginning and end
May 12, 2010 | 06:14pm CEToriginalThe second option is to continue after in repaying the second half of the price of a new Mazda in the form of a interest credit...
read moreAssociation of Czech Insurance Brokers: Kooperativa became Insurance Company of 2009 in motor vehicle insurance
May 11, 2010 | 11:11pm CEToriginalIt has also won the main category of non-life insurance and it defended the last year's first place. Detailed results...
read moreRaiffeisen - Leasing launched web application for online calculation of credit or lease repayments
May 11, 2010 | 10:46pm CEToriginalNon-company clients can take advantage of Uniqa insurance with travel insurance free of charge, holders of Raiffeisenbank´s account eKonto will get...
read moreNew Audi Terminal designed to help increase sales of Auto-Exner in 2010
May 11, 2010 | 01:54am CEToriginalSales in 2008, 2009 and a plan for 2010, best-selling models, services offered by the Audi Terminal, servicing capacity, Express Service...
read moreCSOB Leasing launched interactive guide on its web site
May 11, 2010 | 12:38am CEToriginalThe new website is shifting from an information portal to a more active customer adviser. The author of the web pages and links to partners...
read more
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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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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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