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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
Smartbanking 2.4: CSOB continues to develop bank insurance in Czech Rep
July 14, 2015 | 05:19pm CEToriginalThe bank has upgraded its mobile application, which now allows to take out MTPL. Details of the procedure, the rate of mobile and tablet banking use...
read moreVB Leasing sold its activities in Slovakia, in fourth CEE country
July 2, 2015 | 11:57pm CEToriginalThe buyer and his profile, the profile of VB Leasing SK, the sale of branches in the countries of former Yugoslavia...
read morePrague taxi services expand into premium segment – with Skoda cars
June 30, 2015 | 11:57pm CEToriginalThe latest project of the company Taxi Praha, Tick Tack fleet widening, fleets of competing taxi services (Blue Angel Business, City Exclusive, Uber), card payments...
read moreGE Capital to sell part of its activities in Europe to Arval
June 29, 2015 | 11:43pm CEToriginalThe same activities in North America will be acquired by Arval partner – Element Financial. Scope of the agreement, price, completion of the transaction, the situation in the Czech Republic...
read moreSemi-transfers in Czech Rep: Insurance companies to pay damages of drivers in administratively non-existing cars
June 29, 2015 | 05:06am CEToriginalIt has been agreed by all members of the Czech Insurers' Bureau. Possible sanctions from insurance companies in case of accidents...
read moreSemi-transfers in Czech Rep: Allianz to pay damages for drivers in non-existing cars
June 25, 2015 | 02:28am CEToriginalDespite the fact that damage liability of these motorists expires after June 30. Possible consequences and penalties...
read moreCSOB Leasing Assistant: CSOB Leasing launched mobile app for drivers in Czech Rep
June 23, 2015 | 12:05am CEToriginalThis is part of the assistance services. Partner of CSOB Leasing Assistance, application features, developer and his other projects, availability to Android phones only...
read moreFiat Chrysler Automobiles got new manager
June 21, 2015 | 11:36pm CEToriginalHe will be responsible for more brands in several countries of Central Europe. The manager and his experience, his new position in FCA...
read moreEurazeo intends to sell part of share in loss-making car rental Europcar
June 18, 2015 | 02:56am CEToriginalIPO, timing, share price, company value, the revenue allocation from the IPO, the financial results of the largest European car rental in 2014...
read moreCebia launched new services in Autotracer system
June 16, 2015 | 11:35pm CEToriginalIt is brokerage of insurance, financing and internet auctions, offer of alternative cars. Partners, free insurance for 2 weeks, the upcoming maintenance services...
read moreToyota Garant: Toyota introduced flexible credit close to operating lease
June 14, 2015 | 11:26pm CEToriginalDifferent parameters in the Czech Republic and Slovakia, special offer within the test week, focus on the Auris facelift, hybrid car instalment as at the petrol version...
read moreLegends 2015: Seven automakers and six dealers to take part in second year
June 12, 2015 | 05:43am CEToriginalThey will be presenting about 20 car brands. Exhibitors, exhibits, racing drivers, activities of Autoklub Czech Republic, the balance of the first year...
read moreTomas Sikora to leave Czech Insurance Association
June 10, 2015 | 11:18pm CEToriginalHe has been holding the position of Managing Director in this association of 28 insurance companies since 2006. The alleged reasons for leaving, a tender for the successor, the possible future of Sikora...
read moreLeasePlan appointed new Sales and Marketing Director in Czech Rep
June 9, 2015 | 03:13am CEToriginalThe post has been taken by a manager with experience beyond the automotive industry. The new job of Vladan Jesensky…
read moreStefan Tillinger leaving Generali
June 7, 2015 | 11:43pm CEToriginalHe has been working in the group for almost 15 years. His successors in the top management of the Czech branch of Generali and the Board of Ceska pojistovna...
read moreDas RentAuto: Volkswagen launched van rental in Czech Rep
June 3, 2015 | 04:12am CEToriginalPassenger versions are offered as well. Possibilities of use, composition and age of the fleet, rental length, prices from CZK 1,000/day, mileage limit, insurance, branches, partner, website...
read moreWustenrot expanded damage liability with indemnity limit of CZK 100/100 million in Czech Rep
June 1, 2015 | 11:29pm CEToriginalThe surcharge on insurance, accident insurance for children free of charge, additional insurance, a 30% bonus after two years, mobile application with data on maintenance and operation...
read moreCSOB Leasing agreed to finance one Isuzu model in Czech Rep
May 29, 2015 | 04:39am CEToriginalFor now, it means dealer financing only, but the companies are leading talks on the products of customer financing. Former financial partner, dealer network...
read moreAudi Now: Audi expanded offer of operating lease for consumers in Czech Rep
May 27, 2015 | 11:48pm CEToriginalOther models and versions (4x4, CNG, automatic transmission), change of the lease length, two mileage limits, two amounts of deductible at insurance, prices from CZK 7,899 per month...
read moreVolvo Car chose new dealer in one city in Czech Rep
May 26, 2015 | 02:53am CEToriginalThe company and its history, locations, brands, activities in the field of car leasing and financing, partner...
read moreInsurer of the Year 2014: Ceska podnikatelska pojistovna won in automobile insurance
May 26, 2015 | 02:40am CEToriginalUniqa made it to the Top 5 at the expense of Generali. VIG dominated even the industry and entrepreneurs insurance. Results in the category of Specialized Insurers...
read moreNissan Best Way: Nissan began offering operating lease for consumers in Czech Rep
May 20, 2015 | 11:21pm CEToriginalFinancial partner, the length of the lease, the parameters of full-service leasing, models, pre-defined cars, prices...
read moreACEA: Car sales in EU up by 6.9% in April
May 20, 2015 | 03:26am CEToriginalThe market has thus been growing 20 months in a row. Results in individual countries, sales of Volkswagen and Renault, analysts’ comments (PwC, KPMG, CSOB)...
read moreFormer Generali manager to become new chief of CSOB Pojistovna
May 15, 2015 | 05:06am CEToriginalHe is leaving the Italian insurance group after five years. The manager and his profile, the development of bank insurance...
read morePolice charged chief and owner of Auto Activity
May 11, 2015 | 12:22am CEToriginalThe company is also being prosecuted. Offences, amount of damage, harmed customers and leasing companies, the impending punishment...
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):...
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New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
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Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
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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 20, 2024