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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
UniCredit Leasing expanded offer of operating lease for consumers in Czech Rep
May 25, 2014 | 11:49pm CEToriginalUntil recently, the company provided it only for BMW cars under the brand financing, now for all brands. Variations, prices, example...
read moreOpel Star Week: Opel holds traditional one-week campaign in Czech Rep and Slovakia
May 23, 2014 | 05:57am CEToriginalThe term, affected models, bonuses and benefits, the results of previous campaign Opel 24 Hours...
read moreJaroslav Mlynar to leave Ceska pojistovna
May 21, 2014 | 05:37am CEToriginalHe has been working at Generali Group for 22 years and will continue to act as its advisor. The timing, changes in equity of Generali PPF Holding, the new head of the largest Czech insurance company...
read morePolice charged three other companies in case of Czech Post’s contracts, including Agrotec
May 15, 2014 | 10:34pm CEToriginalSo far, there have been seven companies and 15 people charged. Most of the contracts under investigation, however, concern construction works, not the operation of vehicles...
read moreSkoda to soon offer consumer operating lease in Czech Rep
May 14, 2014 | 11:56pm CEToriginalTiming, models, versions, prices, inspiration from leases for employee, benefits of rental, sales of used cars, business expectations...
read moreHyundai began offering branded operating lease in Czech Rep, Arval became partner
May 14, 2014 | 12:27am CEToriginalThe product brand, dealers involved in the pilot operation, the target group, the situation in Central Europe...
read moreSkoFIN renewed campaign with guarantee of best financing offer
May 13, 2014 | 12:15am CEToriginalCreative representation was made by another agency than a year ago. Promo mix, example of a credit with the last increased payment...
read moreTriglav intends to leave Czech Rep, considers staying in other countries
May 11, 2014 | 10:35pm CEToriginalSale of the Czech branch or insurance portfolio, the business and financial results in 2013, HR...
read moreEssox did not manage to appeal against fine in APR case, chief of Komercni banka became involved
May 11, 2014 | 10:19pm CEToriginalLe Dirac'h approached the Ministry of Industry and Trade, which is not an appeals body though. Comments of stakeholders and an independent lawyer...
read morePavel Fort returned to ALD Automotive
May 6, 2014 | 01:13am CEToriginalHe took a newly created position in the Czech and Slovak branches of this leasing company. The company will occupy one existing post soon...
read moreAuto Palace appointed new marketing manager
April 25, 2014 | 03:06am CEToriginalHe will be responsible for the Czech and Slovak markets. He is a manager with experience in the transport and insurance. He replaces...
read moreALD Automotive to change IT system for administration of claims in Czech Rep
April 24, 2014 | 05:03am CEToriginalSemiautomatic registration of recovered cases will be replaced with an application from one Czech software company. The winner of the tender and its clients...
read moreFords’ Open Days: Ford organizes Open Days in Czech Rep
April 24, 2014 | 04:57am CEToriginalTest drives, insurance discount and vignette when using financing, spring service inspection for free, competition for a bonus on a new car...
read moreAgrofert: Police intervened in Agrotec due to unrealized supply of tires for Czech Post
April 21, 2014 | 11:57pm CEToriginalAccording to leasing companies, the police investigation does not apply to contracts for CNG vehicles, which were supplied to Czech Post in 2012-2013...
read moreLeasePlan: Police intervention at Czech Post and Agrotec has nothing to do with us
April 18, 2014 | 04:29am CEToriginalLeasePlan did not cooperate on contract for CNG vehicles investigated by police with the dealer Agrotec. Details...
read moreCzech police intervened at Agrotec dealer
April 17, 2014 | 12:14am CEToriginalIt belongs to the Agrofert Holding of Finance Minister Andrej Babis. The reason is the investigation of Czech Post contracts not only for CNG vehicles...
read moreSkoda prepares operating lease for consumers
April 16, 2014 | 04:35am CEToriginalLong-term car rental has been established at companies and institutions for many years. Partner, timing, target group...
read moreOne manager left Nissan Central Europe
April 13, 2014 | 11:57pm CEToriginalThis has caused rotation in the company. The manager and the affected position for Czech Republic and Slovakia, his new job, details of the rotation, a tender for another post...
read moreCzech Trade Inspection checks three more instalment companies
April 7, 2014 | 02:36am CEToriginalOne of them is allegedly GE Money Auto. At the same time the inspection verifies their checks since 2013. Details, the number of Essox contracts with the wrong APR...
read moreArval gained new client of Wurth Group in Czech Rep
April 2, 2014 | 11:52pm CEToriginalProfile of the company, transition to operational lease, leaseback enforcement, fleet size, vehicle brands...
read moreSlavia began offering damage liability with additional insurance of civil liability
April 2, 2014 | 11:22pm CEToriginalIt responds to the new Civil Code, which strengthens the legal status of victims. Indemnity limits...
read moreHome Credit: Court to decide on correct calculation of APR
April 2, 2014 | 12:21am CEToriginalIn the event of failure, the company does not intend to claim potential damages to the state. However, Home Credit reportedly changed the method of calculating the APR two years ago...
read moreCOI: Some credit companies in Czech Rep erred in calculating APR and instalments
March 31, 2014 | 11:15pm CEToriginalAccording to the inspection, these are Essox and Home Credit. The fine, response of the companies, possible compensation, recommended procedure to the clients, working team of MPO...
read moreSmithNovak holds conference Depreciation in Prague on April 24
March 31, 2014 | 11:03pm CEToriginalMajor topics; speakers from Mercedes-Benz Ford, Allianz, Generali, Auto Jarov, Iris Ident, Deloitte, Bosch, Auto Kelly; price, 30% discount for Autofox readers...
read moreUniCredit Leasing succeeded in tenders of two automakers in brand financing in Czech Rep
March 27, 2014 | 02:28am CEToriginalOne of them is Fiat Group with four brands. Expanding cooperations for the Czech and Slovak markets...
read more
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SELECTED ARTICLES
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