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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
CCS: Fuel continued in price increase last week
June 22, 2009 | 06:46pm CEToriginalA litre of petrol and diesel marked up by more than 40 hellers. Oil price stagnating and the strengthening of crown against dollar should this week...
read moreCSOB Leasing to administer fleet of CSOB group amounting to almost 1,000 cars
June 20, 2009 | 11:09am CEToriginalAll by means of the form of fleet management and full service leasing as well. CSOB Leasing also became a provider of operative leasing for Skoda Auto...
read moreUniCredit Leasing expanded vehicle financing portfolio for brand Kogel in the Czech Rep
June 16, 2009 | 07:16pm CEToriginalFinancial company therefore entered trailers segment after the cars and trucks segments. It began offering scrap bonus as first in it...
read moreSumitomo Corporation continues in damping automotive activities in Central Europe
June 15, 2009 | 08:27pm CEToriginalSE Bordnetze, a producer of cable harnesses for cars, will reportedly cease production in Slovakia. The company has though denied that. Conversely, it prepares…
read moreCCS: Fuel more expensive by more than 70 hellers last week
June 15, 2009 | 06:12pm CEToriginalAnalysts expected such development; fuel prices react to growing prices of crude oil, according to them. Petrol and diesel became more expensive for a week...
read moreCeske drahy began cooperation with Hertz car rental, car to be laid on station
June 11, 2009 | 05:56pm CEToriginalSo far, the offer is valid for five stations in four major cities, where Hertz has set up a meeting point. Ceske drahy customers will get a discount...
read moreUniCredit Leasing extended offer of BMW car financing with lower interest
June 11, 2009 | 04:51pm CEToriginalThe offer for physical and corporate entities is valid till September but was supposed to be valid till the end of June. The special offer concerns the models...
read moreFuel prices slightly increased last week
June 8, 2009 | 08:32pm CEToriginalA litre of petrol marked up by 15 hellers on average to CZK 27.40/L, a litre of diesel by...
read moreBRNO: Czech automotive industry showed out gross profit over CZK 27 billion in 2008
June 8, 2009 | 05:20pm CEToriginalA half falls to Skoda Auto. The largest Czech carmaker has not appeared between the five awarded in the contest Company of the year 2008 this year though…
read moreAAA Auto started financially motivating its customers to recommend services to their friends
June 5, 2009 | 04:32pm CEToriginalIf those use AAA Auto's services, they will obtain a CZK 2,000 discount when purchasing a car. The customer will then receive a bonus for the recommendation amounting to...
read moreFuel continued given trend last week - petrol up, diesel down
June 1, 2009 | 06:33pm CEToriginalThe reason for the rapid petrol increase is the beginning of the motor season. This week the price of petrol and diesel should be...
read moreSlavia pojistovna to offer insurance Krystof to damage liability free of charge for one year
May 29, 2009 | 09:52am CEToriginalThe client will thus save CZK 1,500 and if he/she drives without offences in the following years, he/she will be offered a discount...
read moreCSOB Leasing: Run for leasing increased threefold due to VAT sheet for passenger cars
May 25, 2009 | 08:15pm CEToriginalThe company used legislative change for a scheme within which it offers a shifter lock along with the financing. Since the beginning of April the company has concluded...
read moreCCS: Petrol more expensive over last week, diesel cheaper
May 25, 2009 | 03:43pm CEToriginalDistinct strengthening of the Czech koruna to the US dollar from the last week will enact a positive role in fuel prices in the following days...
read moreSkoFIN offers prolonged guarantee for used Volkswagen cars till end of year
May 25, 2009 | 02:34pm CEToriginalSkoFIN has not registered any drop of sales of used cars. The number of contracts increased by 25% in Q1 while the number of credits grew by even...
read moreCSOB Leasing started offering operating lease for individuals in Czech Rep
May 22, 2009 | 12:50pm CEToriginalA lease contract can be extended or shortened during its validity as well as a stipulated yearly number can be...
read moreGerman company Edscha as well as its Czech plant in insolvency
May 18, 2009 | 11:10pm CEToriginalEdscha Bohemia owes to the revenue authority CZK 21 million. The next four creditors...
read moreCCS: Fuel prices rose steeply last week
May 18, 2009 | 03:03pm CEToriginalThe petrol Natural 95 became more expensive by 90 hellers on average, diesel by 51 hellers. During this week...
read moreAAA Auto extends used vehicle warranty within deficiencies insurance Carlife
May 14, 2009 | 04:39pm CEToriginalThis insurance is offered for free to cars over CZK 100,000. The length of the guarantee will be extended from the current 3 months/4,000 km to...
read moreAAA Auto and Sixt New Kopel extend their Romanian car centres network
May 13, 2009 | 08:04pm CEToriginalOperating leasing, car lease and used car sales will be offered by a Romanian company AAA New Kopel in co-operation with...
read moreUniCredit Leasing offers loan for Subaru cars with 0% mark-up till end of June
May 12, 2009 | 10:22am CEToriginalAt the same time Subaru offers up to 15% of discount for selected cars till the end of May. Conversion to LPG drive is now available for...
read moreCCS: Fuel prices declined slightly in Czech Rep
May 11, 2009 | 08:33pm CEToriginalThe most selling petrol Natural 95 became cheaper by 3 hellers on average to CZK 26.08/L, the diesel by...
read moreDolnorakouska pojistovna leaving Czech Rep, currently negotiating the contract’s transfer
May 6, 2009 | 08:44pm CEToriginalThe insurance company, which offered damage liability as well, negotiates the transfer of clients with...
read moreFinancial company GE Money to leave Slovakia
May 6, 2009 | 11:09am CEToriginalA Slovakian branch has stopped to accept new customers and has dismissed its employees. Asset in Slovakia...
read moreCSOB Leasing to offer operating lease for private entities in Czech Rep
May 5, 2009 | 10:03pm CEToriginalThe company thus uses amendment to an Act of VAT, valid from the beginning of this April. The new product will be presented on the market under the name of...
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