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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
CarGarantie expanded cooperation with BMW in Europe
March 25, 2014 | 12:10am CEToriginalThis concerns extended warranty on motorcycles. Interested CEE countries, including the Czech Republic and Slovakia, details of CarGarantie Bike by BMW Motorrad...
read moreHyundai introduced several innovations in car sales in Czech Rep and Slovakia
March 20, 2014 | 11:36pm CEToriginalNew sites Hyundai.cz and Hyundai.sk, English version, the upgraded car configurator, tablets with the Showroom application for salespersons, supplier of IT solutions...
read moreUniCredit to incorporate leasing companies into bank in Central Europe
March 17, 2014 | 10:46pm CEToriginalThis step was preceded by an integration of banking activities in the Czech Republic and Slovakia into one firm in 2013. The countries, details, timing, effects...
read moreToyota to hold another testing weekend in Czech Rep aimed at new models and HEVs
March 14, 2014 | 01:58am CEToriginalEvent date, a credit with zero interest and premium insurance, a spring maintenance campaign...
read moreJoachim Ewald became new Executive of SkoFIN
March 11, 2014 | 02:29am CEToriginalHe has returned to the Czech Republic after 14 years, meanwhile moving from Ford Bank to MAN Finance. His competences, predecessor, plans and novelties of the company for 2014...
read moreHyundai expanded branded insurance with new features in Czech Rep
March 5, 2014 | 11:29pm CEToriginalGAP insurance, additional insurance of rims, tires and accessories, active assistance Safeline Rent+ for the i40 and ix35 for free, rate increase of Hyundai Insurance...
read moreKofola to change its fleet for Skoda cars
February 26, 2014 | 01:51am CEToriginalThe number of vehicles, models, use in three countries, the current fleet of the Czech producer of soft drinks...
read moresAutoleasing lost dispute over fee for concluding contract
February 24, 2014 | 11:24pm CEToriginalAt the same time, the company has missed the appeal, so execution proceeding has been opened. Details of the case, the parameters of the credit on a used car...
read moreiDry agreed to cooperate with Business Lease in Czech Rep
February 21, 2014 | 12:08am CEToriginalThe company will take care of cleaning of fleets of this leasing company’s clients. The parameters of the contract, cost savings, more corporate customers...
read morePSA to emit new shares, most of them to be acquired by Dongfeng and French Government
February 19, 2014 | 02:06am CEToriginalA minority will fall on the existing shareholders, including the Peugeot family. The agreement with Santander on the financing of the expansion plan of the dealer network...
read moreKia Select: Kia prepared credit product in Czech Rep similar to operating lease
February 18, 2014 | 12:10am CEToriginalPartner, credit with low payments and final increased instalment, three options at the end, microsite, the affected models, the target group, the example...
read moreSkoda integrated branded finance and insurance calculator in car configurator in Czech Rep
February 16, 2014 | 11:57pm CEToriginalIn a few weeks, Skoda Insurance will also be part of credit instalments from SkoFIN. The first implementation in the Volkswagen Group...
read moreHead of Triglav in Czech Rep Petr Bany prematurely ended in position
February 13, 2014 | 11:39pm CEToriginalMiha Vittori was appointed the new Chairman of the Board of Triglav Pojistovna. His goal, Bany’s new job, business results in 2013...
read moreMobility Rent: AZ Mobility launched van rental in Czech Rep
February 13, 2014 | 11:24pm CEToriginalLocation, fleet, prices from CZK 450 excl. VAT, optional extras, introductory offer, microsite, five divisions of the company and their clients...
read moreSkoda Auto to use further extended work shifts in production of Fabia in Czech Rep
February 11, 2014 | 01:38am CEToriginalReason of this measure, timing, action model Fabia Tour with a 4-year warranty and the RS front bumper, the Fabia III without the RS version...
read moreLeasePlan to focus more on SME in Czech Rep
February 3, 2014 | 11:38pm CEToriginalIt created a new department for that purpose. At the same time, the company hired a manager who worked at PwC for 15 years...
read moreSales of commercial vehicles in EU increased by 1% in 2013
January 29, 2014 | 11:30pm CEToriginalAt the end of the year, the demand grew strongly thanks to the introduction of the Euro 6 standard. Results in the Czech Republic, CSOB comment...
read moreHyundai Fischer CZ opened second Hyundai showroom in Czech Rep
January 27, 2014 | 11:34pm CEToriginalLocation, sales and service results, fleet contracts, European Excellence Award...
read moreAuto Activity looks for investor, so far without result
January 23, 2014 | 11:20pm CEToriginalInvestments in construction of a BMW and Ford showroom in Jihlava have indebted the company extremely. Creditors and obligations, insolvency proceedings, new headquarters...
read moreMazda6 became Car of the Year 2014 in Czech Rep
January 21, 2014 | 01:40am CEToriginalBMW i3 became the Green Car of the Year and the production technology of carbon parts in the BMW i3 became Technical Innovation of the Year. Point spacing of the finalists...
read moreOne BMW dealer in Czech Rep on the verge of bankruptcy
January 20, 2014 | 01:02am CEToriginalThe company, the reasons and circumstances, liabilities and debts, creditors, execution/insolvency, showrooms, investments, sales results, HR...
read moreLicense concept of dry car washing iDry expands in Czech Rep and Europe
January 20, 2014 | 12:02am CEToriginalCzech start-up, water-free mobile wash, the presence on golf courses, services for companies and institutions, clients, franchise conditions, planned countries...
read moreCaptive finance company of DAF Trucks expands in CEE, to enter Czech Rep
January 15, 2014 | 11:53pm CEToriginalThis will be the ninth country in Europe and the second in CEE. For this purpose, the company hired a manager from another carmaker. European and Czech branch details, HR, market...
read moreOne top manager left Czech branch of UniCredit Leasing
January 15, 2014 | 11:26pm CEToriginalHis successor has gained more competence, which is associated with structural changes of the group in the region. Managers, position, experience...
read moreAuto Esa began offering credits with no increase
January 15, 2014 | 10:51pm CEToriginalFinancial partner, parameters of the credit, the affected cars, example, the market situation in loans subsidized by car dealers/automakers...
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