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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
CSOB Leasing opened new branch in Czech Rep
July 31, 2014 | 12:05am CEToriginalIt is the company’s 15th business place. Location, director, products and services offered...
read moreGenerali to buy PPF stake in Generali PPF Holding as planned
July 30, 2014 | 11:55pm CEToriginalPart of the joint venture is also Ceska pojistovna. Amount of the share, price, timing...
read moreCeske Radiokomunikace to convert majority of fleet to CNG drive
July 29, 2014 | 03:38am CEToriginalThe first CNG cars are of the Skoda brand. Size of the contract, the supplier, the size of the company fleet and its renewal, sales plans and orders for the Skoda Octavia G-Tec...
read moreDusan Quis left ING after nine years, moving to CSOB
July 29, 2014 | 03:17am CEToriginalIn August, he will become commercial director at the insurer CSOB Pojistovna. His predecessor Petr Benes...
read moreDavo Exclusive: Davo Car built its first showroom in Czech Rep
July 27, 2014 | 11:54pm CEToriginalLocation of the showroom, its use, current offer of Olbramovice used car shop, partners in the financing, insurance and checking of used vehicles...
read moreAudi offers stock cars at discount of CZK 30,000 in Czech Rep
July 17, 2014 | 01:49am CEToriginalWhen using funding from SkoFIN or Audi Bonus packets, it is possible to receive even a greater price advantage. Details, prices, campaign, microsite...
read more1Mini Rental: Automycka Express launched operations of Mini car rental in Czech Rep
July 14, 2014 | 11:48pm CEToriginalThe location, partner-dealer, the length of lease, models, prices, competitive car rental Mini Point, corporate clients of Automycka Express...
read moreUniCredit made changes in external communication in Central Europe
July 14, 2014 | 11:38pm CEToriginalThey are related to the merger of banking and leasing activities in the Czech Republic and Slovakia. The new spokesman of UniCredit Leasing CZ...
read moreBNP Paribas carried out rotation in Personal Finance Division in Central Europe
July 13, 2014 | 11:43pm CEToriginalCo-founder of the Czech subsidiary of Cetelem, Vaclav Horak has been promoted to the regional headquarters after 18 years. The new head of Cetelem in the Czech Republic became...
read moreArvalRental: Arval began offering customers direct short-term lease of cars and vans in Czech Rep
July 9, 2014 | 11:38pm CEToriginalThe company continues working with car rentals. Uniform price list, end of re-invoicing, models and prices, surcharges...
read moreLeasePlan: E-shop generates one order for lease of small fleet in Czech Rep every day
July 9, 2014 | 05:20am CEToriginalComparison of LeasePlan Go operating lease with other forms of fleet operations, two stages of the campaign in 2014, a competition, clients...
read moreArval re-insured its fleet at single insurer in Czech Rep
June 30, 2014 | 04:03am CEToriginalDetails of the selection procedure (reasons, the number of cars, the participants, the winner, timing), simplifying the product offer in the car insurance...
read moreE.ON: Number of CNG vehicles to rise by more than 25% in 2014 in Czech Rep
June 29, 2014 | 11:04pm CEToriginalDevelopment in H1, Skoda Auto contribution, prediction of the gas sales, growth of the filling station network, collaboration with Next Energy, payment by CCS card...
read moreLeasePlan Go: LeasePlan to focus on SME and sole traders with fleet to 10 cars
June 22, 2014 | 11:39pm CEToriginalThe first countries including the Czech Republic, specifications of operating lease, brands and models, prices, sales through the e-shop, microsite, competition, business plan, advertising campaign, client car rental...
read moreFormer Head of Regional Inspectorate of Czech Trade Inspection lodges complaint
June 22, 2014 | 11:03pm CEToriginalThe reason is his removal from office and inaction of his colleagues in the APR case. Reaction of the COI head Mojmir Bezecny and Minister Jan Mladek...
read moreOne Volvo dealer ended in Czech Rep
June 20, 2014 | 05:03am CEToriginalIt is a company that tried to restore a dealership after the unsuccessful previous provider. The location, companies, property problems with the showroom...
read moreHead of Czech Trade Inspection dismissed Director of Inspectorate, who pointed out miscalculations of APR
June 19, 2014 | 03:30am CEToriginalCOI did not disclose its reason, as it is not related to this affair. Validation of the correctness of the imposed fine for Essox and calculation used in the control by a special commission...
read moreLubomir Drasar and Pavel Krois sold Swell
June 17, 2014 | 12:18am CEToriginalThe new owner and his profile, the new headquarters, management changes, financial results in 2013, HR...
read moreHertz Lease appointed new Sales Director in Czech Rep
June 16, 2014 | 06:29am CEToriginalHe is a manager with 20 years of experience in the automotive industry, especially car sales...
read moreSehnal: Slavia Pojistovna for sale, as well as other companies from SPGroup
June 16, 2014 | 06:13am CEToriginalSlavia’s concentration on industry, property of citizens and liability risks, intentions of the company in car insurance...
read moreArval introduced new products, services and innovations in Czech Rep
June 16, 2014 | 06:05am CEToriginalShort-term car rental, unlimited spare vehicles, unlimited tires, a new system of insurance claims reporting, client portal My Arval...
read moreALD Automotive appointed new commercial director in Czech Rep
June 12, 2014 | 03:55am CEToriginalJaroslav Laur has been replaced by a manager with experience in financing and fleet car sales...
read moreCzech Trade Inspection clarifies errors in APR calculation
June 5, 2014 | 11:48pm CEToriginalIn response, one credit company intends to streamline the provision of credits. COI also came across the unjustified reduction of the tax base by used car dealers...
read moreSkoda Without Worries: Skoda started offering operating leases for consumers in Czech Rep
June 4, 2014 | 04:38am CEToriginalModels including 4x4, the length of lease, mileage limit, options, insurance, rates, stock cars/orders into production...
read moreVolkswagen began providing 3 years/250,000 km warranty in Czech Rep
May 30, 2014 | 12:08am CEToriginalThe affected models, the campaign for commercial vehicles and its author, options and interests of FlexiFIN financing from SkoFIN...
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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)...
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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...
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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 21, 2024