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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
INSURANCE BUSINESS CZ & SK 2009: Decline in car insurance being compensated by other types of non-life insurance
February 8, 2010 | 11:55pm CEToriginalThese include insurance of D&O, business interruption, photovoltaic projects, and ability to repay. The development of the global market and outlook for 2010...
read moreInsurance companies: Road accidents increased in Czech Rep in 2009, damage volume even more
February 8, 2010 | 10:56pm CEToriginalHowever, last year's number and volume of losses from the damage liability and accident insurance has been at individual insurance companies different...
read moreCLFA: Many companies in Czech Rep not aware of accelerated depreciations’ option
February 5, 2010 | 12:24am CEToriginalAt present, it is a border period for a decision to purchase new vehicles since the waiting time is four months or more. Financial leasing has become more favourable than...
read moreHome Credit: People in Czech Rep economize more, restore to used car in renewal more often
February 3, 2010 | 07:15pm CEToriginalCzechs remain faithful to traditional brands and care for the safety, practicality and running costs more. Outlook for 2010...
read moreHyundai has extended partnership with Business Lease for another two years
February 3, 2010 | 01:33am CEToriginalIt is a further strengthening of the fleet sales in Europe, following the recently concluded contract with ALD Automotive. Cooperation with Business Lease includes countries...
read moreTick Tack: Audi A6 limousines from Auto Jarov on financial leasing from SkoFIN
February 3, 2010 | 12:37am CEToriginalThe franchise project of taxi service in Prague wants to move from tens to hundreds of cars, does not signs up drivers from the competitors...
read moreNew head of Allianz in Czech Rep will be current head of Ceska podnikatelska pojistovna Jakub Strnad
February 2, 2010 | 11:45pm CEToriginalStrnad will replace Miroslav Tacl, who left the office at the end of 2009 at Allianz. Successor of Strnad in CPP...
read moreRCI Banque: Interest in branded financing of Renault, Dacia and Nissan being greater in Czech Rep than in world
February 2, 2010 | 02:38am CEToriginalThe interest in additional insurance products such as payment protection insurance and GAP insurance is also growing in the Czech Republic. Detailed penetration...
read moreCCS: Fuel’s temperate reduction trend continued in Czech Rep last week
February 1, 2010 | 11:39pm CEToriginalPetrol discounted by 16 hellers, diesel by 8 hellers. In Slovakia, excise duty reduction on diesel has occurred as of February 1...
read moreUniCredit Leasing acquired next two brand financings in Czech Rep, one related to change of owner
January 29, 2010 | 02:32am CEToriginalThe company already has a total of 14 brands in its portfolio—11 passenger car brands and three commercial brands. UniCredit Leasing is negotiating on other brands...
read moreUniCredit Leasing recorded decline in contracts by about 20% in Czech Rep last year
January 29, 2010 | 01:11am CEToriginalPenetration of the company on the market with new vehicles declined only slightly though. Trends for 2009 and expected development in 2010...
read moreInsurance companies: Number of attempted insurance frauds rose in 2009 again
January 28, 2010 | 12:21am CEToriginalThe area most affected by attempts at insurance frauds remains insurance of motor vehicles. Data provided by individual insurance companies...
read moreRenault and Dacia continue with number of advantages in Czech Rep even in January
January 27, 2010 | 12:22am CEToriginalThe customer receives the biggest advantage along with financing—a discount and an extended warranty free of charge. Individual models...
read moreIIR hold professional training Certified Fleet Manager in Prague in mid-February
January 26, 2010 | 01:29am CEToriginalThe training will address financing, purchase, costs, Car Policy, outsourcing, insurance, and technologies. The training will be carried out by representatives of companies...
read moreCCS: Fuel slightly cheaper in Czech Rep last week, continue to stagnate in Slovakia
January 25, 2010 | 10:54pm CEToriginalPetrol Natural 95 sold by Czech filling stations became cheaper by 6 hellers on average, diesel by 10 hellers. In the following days...
read moreCebia increases number of service records in system Autotracer, offering cooperation to other companies
January 19, 2010 | 02:34am CEToriginalCebia Report has been already given to customers at Esa Auto, AAA Auto, Skoda Plus and auto-plus dealers. Cebia is now negotiating with...
read moreSixt car rental expanded its fleet by 103 cars Seat in Czech Rep
January 19, 2010 | 01:56am CEToriginalOriginally, there were 80 cars Ibiza and Leon, at the end of 2009 23 cars Exeo sedan and station wagon were added...
read moreTop-Pojisteni.cz: Mandatory liability to be more expensive by 8 to 10% in spring 2010
January 19, 2010 | 01:45am CEToriginalA bonus of at least 50% for course without damages can be achieved at all insurers in 2010. A novelty of 2009 is copying of bonus for more cars in the family...
read moreCCS: Rise in prices of petrol in Czech Rep stopped last week, oil continues to be more expensive
January 19, 2010 | 12:14am CEToriginalThe prices do not continue to move in Slovakia. Petrol at Czech petrol stations slightly down, oil went up significantly. This week...
read moreAAA Auto extended guarantees, providing all cars over CZK 100,000 with Cebia Report
January 18, 2010 | 01:23am CEToriginalThe company newly guarantees that the car was not flooded during the floods, but mainly the mileage...
read moreHyundai plan to strengthen its fleet sales in Europe, agreed to cooperate with ALD Automotive
January 11, 2010 | 11:58pm CEToriginalThe agreement includes a favourable price conditions for the sale of vehicles in 21 countries including the Czech Republic and Slovakia. Last year, the market share of Hyundai in Europe rose to...
read moreCCS: Fuel prices in Czech Rep grew rapidly by more than CZK 1, while stagnating in Slovakia
January 11, 2010 | 09:32pm CEToriginalThe prices of Czech petrol stations fully reflect the tax increase from the beginning of the year as well as the oil prices rise in recent weeks. In the following days...
read moreAVE decided to go on operational leasing in Czech Rep, LeasePlan to be provider
January 11, 2010 | 06:19pm CEToriginalThe company AVE has significantly increased its fleet in recent years. In the first phase LeasePlan will provide AVE CZ with 90 cars of brand...
read moreKooperativa launched new cllient web
January 6, 2010 | 11:00pm CEToriginalNew internet presentation should increase the usage of on-line services and facilitate the work of insurance advisors. It was created by agency...
read moreInsurance company Triglav currently not intending to raise premium rates, improving helpdesk
January 6, 2010 | 12:07am CEToriginalRates may increase in spring at the earliest. The insurance company has taken on second helpdesk, whose share is growing...
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