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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
Raiffeisen-Leasing entered fleet management market in Czech Rep, aiming to become major player there
September 22, 2014 | 11:49pm CEToriginalDeveloping a new department in the Czech branch of the Austrian leasing company will be in charge of two senior managers...
read moreSkoda Without Worries: Consumer interest in car rental is greater than carmaker expected
September 22, 2014 | 04:01am CEToriginalThe number of contracts per quarter, the original and the new plan for the year 2014, product development in 2015, advertising campaign...
read moreVolkswagen chose new head of VW brand in Czech Rep
September 18, 2014 | 02:22am CEToriginalIt is a manager with experience in the wholesale and retail sale of new and used cars including financing. Petr Janeba’s successor will be...
read moreCar Fleet Service: Elit acquired next client for fleet service in Czech Rep – UniCredit Leasing
September 16, 2014 | 02:40am CEToriginalPartner Elit service network will take care of part of the fleet of UniCredit Fleet Management, which has recently begun providing consumers with operating lease...
read moreVolksbank and DZ Bank selling VB-Leasing, buyer found in Poland, Romania and Czech Rep
September 15, 2014 | 03:56am CEToriginalThe new owners of leasing companies, profile of VB Leasing CZ (products, partners, results in 2013, HR, project Proresale Cash)...
read moreOpel Flex Lease: Opel began offering operating lease for consumers in Czech Rep
September 9, 2014 | 11:27pm CEToriginalThe models, engines and equipment, financial partner, rental period, mileage limit, prices...
read moreCitroen began providing service contract included in price of new cars in Czech Rep
September 9, 2014 | 10:49pm CEToriginalThe models, above-standard coverage, the C4 Cactus with innovative components from TRW or Rehau, a loan with the parameters of operating lease...
read morePerrin: Peugeot continues to modernize dealer network in Czech Rep
September 8, 2014 | 02:58am CEToriginalNew Blue Box showrooms in 2013-2015, sales results and plans, activities in service, used cars, new models...
read moreVolkswagen All-Inclusive: VW tests operating lease for consumers in Czech Rep
September 5, 2014 | 12:23am CEToriginalAvailable models in the pilot phase, the rental period, the mileage limit, insurance, rates, options (colour, participation in accident insurance)...
read morePetr Kohout joined Home Credit
September 4, 2014 | 11:49pm CEToriginalIn the subsidiary of Czech financial group PPF, the former head of the Czech branch of ALD Automotive will assume the position of...
read morePetr Kohout left ALD Automotive
September 1, 2014 | 10:44pm CEToriginalPavel Fort became the new head of the Czech branch of the leasing company. His profile, Kohout’s further plans...
read moreInsurance companies increased price of damage liability by about 10% in Czech Rep in 2014
September 1, 2014 | 10:29pm CEToriginalSome of them plan to further increase the rates. Situation in Ceska pojistovna, Kooperativa, Allianz, Uniqa, and CSOB Pojistovna...
read moreAllianz to replace global creative agency
August 26, 2014 | 11:34pm CEToriginalThe existing and new partner of WPP Group, requirements of insurer, the impact on individual countries and local branches, the timing, the tender for a media partner...
read moreOne manager returned to SkoFIN
August 25, 2014 | 04:48am CEToriginalBefore that there was another personnel change in management of a department in Czech branch of Volkswagen Financial Services. Details...
read moreSoucek (Citroen): Czech van market to grow in next three years
August 25, 2014 | 04:35am CEToriginalDevelopment in H1 2014, results of Citroen, the new Jumper, a new supplier of the fuel injection system, start-stop engines, corporate clients, innovatived modular offer...
read moreOne Mercedes dealer changed owner in Czech Rep
August 19, 2014 | 11:36pm CEToriginalThe company and its showrooms, the original and new owner, related personnel changes, circumstances...
read moreVolkswagen bought MAN’s financial division
August 19, 2014 | 11:19pm CEToriginalThe carmaker plans no change in the Czech Republic for now. The countries covered by affiliates and partners, details...
read moreSkoFIN chose new PR agency
August 18, 2014 | 11:07pm CEToriginalThe winner of the tender and its clients, start of the cooperation, previous partner for PR activities...
read moreSkoFIN prepares operating lease for consumers for other Volkswagen Group brands in Czech Rep
August 11, 2014 | 11:57pm CEToriginalDemand for the ‘Skoda without worries’ rental, business plans, expansion of the model and equipment offer, easing the terms, the profile of the average client...
read moreChinese central bank bought stake in Generali
August 11, 2014 | 06:07am CEToriginalIt has been a further acquisition of shares in major Italian company recently. The share amount and its value, the entry to Fiat...
read moreHead of CSOB Leasing in Czech Rep Libor Bosak became president of IFLA
August 8, 2014 | 12:46am CEToriginalProfile of the International Finance and Leasing Association, which was previously led by...
read moreArval VIP Partner: Arval builds premium supplier network in Czech Rep
August 6, 2014 | 11:08pm CEToriginalConcurrently, it is reducing the number of partners, especially car and tire service shops. Reasons, details, Arval Assistance...
read moreMakro changed its partner for insurance in Czech Rep
August 4, 2014 | 11:50pm CEToriginalThe offer of Mpojisteni also includes car insurance. In the field of financing, the partner remained unchanged. Companies, the most popular products...
read moreKia began offering branded operating lease in Czech Rep, Arval became partner
July 31, 2014 | 12:24am CEToriginalThe trademark of the product, dealers involved in pilot operation, target group, variants, current business results, the situation in Europe...
read morePrague Public Transport Company to convert part of its car fleet from operating lease to property
July 31, 2014 | 12:12am CEToriginalReason for the change, size and value of the contract, timing, size and composition of the fleet of passenger cars and commercial vehicles...
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