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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 offers clients in Czech Rep affected by floods several advantages
June 19, 2013 | 11:49pm CEToriginalSuspension of payments or extending the repayment period, advantageous financing of vehicles and machinery with insurance, employee contributions...
read moreMlynar (Ceska pojistovna): Automobile insurance to become slightly more expensive in Czech Rep in 2013
June 18, 2013 | 12:23am CEToriginalThe reasons for the increase in the prices of damage liability insurance and accident insurance, the expected development in the business and property insurance...
read moreCitroen and PSA Finance innovated credit product Cashback in Czech Rep
June 17, 2013 | 06:17am CEToriginalThe client can newly choose the amount of non-purpose part of the loan. Two other options remain unchanged. Example for 50% cashback...
read moreDefend Group separated Insurance Division and found two partners for cooperation
June 14, 2013 | 04:13am CEToriginalProducts of the Defend Insurance Group Division, partners for the Czech Republic and Slovakia, new extended warranties for new cars...
read moreToyota offers stock cars with extended warranty free of charge in Czech Rep and Slovakia when using funding
June 12, 2013 | 12:02am CEToriginalThe duration of the campaign, parameters of the Toyota Extracare extended warranty, Toyota Insurance Komplet…
read moresAutoleasing chose second partner for insurance of financed cars in Czech Rep
June 11, 2013 | 12:58am CEToriginalClients can now choose from two insurance companies when arranging a loan for a car – Kooperativa and Allianz. Parameters of the Allianz insurance...
read moreRenault offers car owners affected by floods discount on new car in Czech Rep
June 11, 2013 | 12:37am CEToriginalThe amount of the discount for Renault and Dacia models, the validity of the offer, zero administration fee when using funding...
read moreGE Money Auto offers discounted Construct mechanical security of gearshifts to loan in Czech Rep
June 10, 2013 | 11:54pm CEToriginalPrice of the security equipment can be included in the total loan amount. The decline in car thefts in the country, the amount of discount...
read moreSOS Assist ceased operation when losing key client
June 5, 2013 | 12:15am CEToriginalThe company had two divisions – helpdesk and insurance broker. Former partners, a hotline for motorists...
read moreAIM Insurance lost insurance license, now in liquidation
June 3, 2013 | 05:06am CEToriginalThe deadline for submission of claims, the process according to Hungarian law, the situation in the Czech Republic, the new partners of AAA Auto and Cargarant...
read moreOpel Choices 2013: Opel offers three benefits when buying new car at weekend
May 30, 2013 | 11:57pm CEToriginalCustomers will have the possibility to select a bonus out of six offered in the Czech and Slovak dealer network. Details of the action…
read moreKooperativa to buy its partner helpdesk Global Assistance
May 30, 2013 | 12:16am CEToriginalIn addition to the minority stake the insurance company will thus obtain the rest of the firm providing technical assistance also for the CPP clients of the VIG. UOHS permit...
read moreLevy: UniCredit Fleet Management wants to increase trade volume again in Czech Rep in 2013
May 29, 2013 | 12:17am CEToriginalRecord business and financial results of 2012 of this corporate division of UniCredit Leasing, the number of cars in the management...
read moreInsurer of the Year 2012: Kooperativa won in automotive insurance
May 26, 2013 | 11:15pm CEToriginalChanging the order of the Top 5 compared to the previous year, results in industry and business insurance, the best brokers by insurers...
read moreSixt restored 56 Seat cars in car rental fleet in Czech Rep
May 26, 2013 | 10:54pm CEToriginalModels, numbers, body styles, engines, equipment packets, supplier-dealer, five years of cooperation...
read moreCzech Car 2013: Skoda Octavia became most popular new car in Czech Rep
May 24, 2013 | 05:50am CEToriginalToyota and Maserati also succeeded in the first year of the survey. Number of votes, consumer testing, the organizer, partners, second year...
read moresAutoleasing launched client application for on-line contract management in Czech Rep
May 23, 2013 | 01:18am CEToriginalThe on-line zone enables easier and quicker overviews of contracts, payments and balances...
read moreEurop Assistance introduced mobile application EAutoCare for more effective assistance in Czech Rep
May 22, 2013 | 12:51am CEToriginalPre-setting more cars, localization by GPS, emergency communication via SMS, provision of the application to partner carmakers...
read moreTomas Gurtler became new head of Raiffeisen-Leasing in Czech Rep
May 20, 2013 | 11:56pm CEToriginalHe thus gained an additional function after the personnel merger of Raiffeisen-Leasing with Raiffeisen-Leasing Real Estate in 2012. Rastislav Kereskeni...
read moreIIR to hold Lean and Efficient HR conference in Prague in June
May 20, 2013 | 02:10am CEToriginalThe conference will be followed by a workshop on the pension reform. The event will also have speakers from AAA Auto, CEZ, KPMG or UniCredit...
read moreCarGarantie entered Poland
May 16, 2013 | 05:39am CEToriginalIt is he 18th European market for the company. Potential and interest of carmakers/distributors, country manager...
read moreJaroslav Mlynar to be new head of Ceska pojistovna
May 15, 2013 | 11:45pm CEToriginalHe is now the Chief Financial Officer of Generali PPF Holding. Last three years, CP’s CEO was Pavel Rehak, who...
read moreCitroen launches expansion with premium brand DS in Czech Rep
May 13, 2013 | 01:16am CEToriginalBuilding DS Salons, an advertising campaign, a credit with 0% interest, a road show, the DS Cabrio with Varroc 3D lights a Webasto roof, a sales plan for 2013, DSX and DS9...
read morePSA Finance started to provide nonpurpose consumer credits in Czech Rep – in form of cashback
May 7, 2013 | 03:23am CEToriginalCredit product Citroen Cashback, cash instead of discounts and bonus on car, terms, validity, extension of the concept of AAA Auto, open days...
read moreToyota Motor to support sales in Czech Rep by offering new credit for used cars
May 7, 2013 | 03:04am CEToriginal'Credit 4 Benefits' from Toyota Financial Services, Allianz and CCS partners, use for all brands, annual sales of used cars in the dealer network...
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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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King Long expands in Europe, established partner for Czech Rep and Slovakia
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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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