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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
Besperat (CPP): Damage liability to be up by 10% in Czech Rep in 2014
August 23, 2013 | 03:14am CEToriginalReasons, expected development in accident insurance, price growth of reinsurance, individualization of insurance products, interest in various sales channels...
read morePeugeot won several fleet orders for hundreds of vehicles in Czech Rep in H1
August 21, 2013 | 11:20pm CEToriginalSuccesses in tenders of Czech Post, Dalkia and Veolia, models and the number of vehicles, operational leasing partners...
read moreCzech Post expanded its car fleet with new brand – Hyundai
August 16, 2013 | 03:26am CEToriginalCSOB Leasing succeeded in a tender for a long-term lease of 300 referential vehicles. Models, engines, equipment, estimated value of the contract, the winning price...
read moreTaxi Praha renews part of fleet with Skoda cars, SkoFIN to ensure funding
August 13, 2013 | 12:09am CEToriginalThe contract relates to project Nejlevnejsi-taxi.cz. The affected models and the number of vehicles, the form of financing, the current fleet of taxi service...
read moreSkoFIN chose another advertising agency
August 8, 2013 | 10:47pm CEToriginalIt will focus on BTL activities for special offers of brand financing. Winner of the tender and its experience, financial terms of cooperation...
read moreDajbych expanded cooperation with Vinicars
August 5, 2013 | 04:48am CEToriginalThis car dealer has begun offering body repairs using PDR method in addition to Pilsen also in Prague. Details of the technology, Vinicars network in the Czech Republic...
read moreStarlife renewed fleet of Skoda cars and chose SkoFIN for funding
August 2, 2013 | 03:09am CEToriginalStarlife has thus become a new client of SkoFIN. Number of cars, models, financial product, supplier-dealer...
read moreVolkswagen chose two agencies in Czech Rep for new marketing projects
August 2, 2013 | 03:00am CEToriginalBoth companies worked for the carmaker’s Czech representation in the past. The winners of tenders, upcoming campaigns...
read moreUniCredit Leasing offers discount of CZK 40,000 on funded CNG cars in Czech Rep
August 1, 2013 | 01:32am CEToriginalThe affected models, financial products available and their parameters, validity of the offer...
read moreEC approved state aid for financial division of PSA Peugeot Citroen
July 31, 2013 | 02:59am CEToriginalIt is a guarantee for loans amounting to EUR 7 billion. The carmaker promised that in case of growth in car sales, it will pay higher interest. Return to profitability...
read moreSilha: Opel wants to double car sales to handicapped in Czech Rep and Slovakia in 2013
July 30, 2013 | 02:18am CEToriginalMobility program Opel Handycars; advantages in sales, finance, insurance and maintenance; partners; Opel Handy Cyclo Marathon…
read moreSkoFIN increased number of concluded contracts by 15.2% in H1, volume of funding by 8%
July 24, 2013 | 11:11pm CEToriginalHowever, the car market as well as sales of the Volkswagen Group fell. The results in new and used vehicles, penetration, management comments...
read moreU.S. car rental Enterprise to enter Central Europe
July 21, 2013 | 11:29pm CEToriginalNew markets in Europe, license partners in the Czech Republic and Poland, fleet, strengthening the position of Enterprise Holdings (Enterprise, National, Alamo) on the Czech market...
read moreAntitrust Office let Kooperativa buy Global Assistance
July 19, 2013 | 01:23am CEToriginalVIG has thus acquired a 100% stake in the company, which provides technical assistance for vehicles insured by Kooperativa and CPP...
read moreToyota offers assistance services for free for older cars in Czech Rep and Slovakia
July 11, 2013 | 02:54pm CEToriginalIt is an offer included in the summer service campaign. There is a condition to undergo an inspection once a year. The range of services of Toyota Eurocare...
read moreCzech Insurers' Bureau made changes in external communication
July 9, 2013 | 12:11am CEToriginalPR agency was replaced by its own spokesman, who is a former spokesman of a Czech insurance company...
read moreVolkswagen prepares branded insurance in Czech Rep
June 27, 2013 | 01:26am CEToriginalInsurance partner, probable launch of Skoda Insurance, Volkswagen Insurance, Audi Insurance and Seat Insurance on the market...
read moreQBE began offering GAP insurance for trucks and buses in Czech Rep
June 27, 2013 | 01:03am CEToriginalInsurance of the purchase cost TruckGAP is offered by UniCredit Leasing only, a long-time partner of QBE Insurance...
read moreCitroen extended eTouch with automatic emergency call with location in Czech Rep
June 26, 2013 | 02:28am CEToriginalThis is basically the implementation of eCall. Citroen eTouch is currently available in more expensive models, it will be available for other models for an additional cost...
read moreErste began offering car financing at point of sale in Slovakia
June 24, 2013 | 12:17am CEToriginalCooperation of Czech and Slovak subsidiaries, sAutoleasing’s entry to Slovakia, the first partner AAA Auto, a travel card for free...
read moreGorin: Peugeot registers growth in orders of 13% in Czech Rep, market should stabilize
June 24, 2013 | 12:05am CEToriginalResults for five months, a new crossover of the 2008, credit with 0% APR, extended warranties, sales plan, production increase in France...
read moreUniqa: Demand for active assistance SafeLine increases in Czech Rep by 20% monthly
June 23, 2013 | 11:50pm CEToriginalThe commercial and assistance results in Austria and the Czech Republic, three variants, prices, partners (Cebia, Securitas, IPA), collaboration with Hyundai...
read moreAllianz started offering modular car insurance in Czech Rep
June 23, 2013 | 11:05pm CEToriginalIt is an alternative to packages. Options of the product iAuto, monthly payments without additional fees, campaigns at Allianzdirect.cz, leaving Internet comparison sites...
read moreBAS Trucks agreed with Raiffeisen-Leasing to finance used trucks in Czech Rep
June 20, 2013 | 12:36am CEToriginalBrand financing BAS Trucks Lease, an offer including trailers and semi-trailers, the site, a partner in Slovakia...
read moreGolden Crown 2013: Best leasing for entrepreneurs in Czech Rep won by ALD Automotive
June 20, 2013 | 12:17am CEToriginalThe 11th year was also successful for Raiffeisen-Leasing, CSOB Leasing, SkoFIN, Kooperativa, Cetelem and Allianz. Their automotive products and number of clients...
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)...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
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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
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Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
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Brano aims to develop its own electric vehicle, later might start producing it
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