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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
GE Money Auto offers 50% discount on windscreen insurance to credit in Czech Rep in Q2
April 30, 2013 | 12:11am CEToriginalThe condition is a contract of liability insurance. Insurance partners, Ipsos survey, penetration of insurance, rates/savings...
read moreVolvo began offering extended warranty on new cars in Czech Rep
April 29, 2013 | 06:07am CEToriginalExtending cooperation with CarGarantie including warranties on Volvo Selekt used cars, parameters, options, prices, loyalty program...
read moresAutoleasing offers extended warranty or guarantee check discount to credit in Q2
April 25, 2013 | 11:00pm CEToriginalParameters of the special offer and its benefits, Travel Card, the use of selected new car dealers...
read moreIntertax Expert began offering product Mobility24, alternative to full-service leasing
April 19, 2013 | 03:09am CEToriginalThe new company of the former head of EurotaxGlass’s in the Czech Republic; products and services; partners of AuDaCon, Agip, Elit or Europ Assistance...
read moreClio Days: Renault holds open days in Czech Rep until end of April
April 19, 2013 | 02:48am CEToriginalDiscounted air-conditioning cleaning, discounted accessories packages, maintenance costs, financing, cooperation with Czech Miss...
read moreSkoFIN increased number of signed contracts in Q1 by 22%
April 19, 2013 | 02:43am CEToriginalFinancing volume went up by 15.1%. The company recorded growth despite the decline of the car market. Financing penetration...
read moreDacia prepared credit package with advantages worth more than CZK 10,000 in Czech Rep
April 15, 2013 | 11:49pm CEToriginalDacia Box includes zero fees, extended warranty, interest below 10%, accident insurance rate to 2% and an accessories package. An example, the Logan II from CZK 159,900...
read moreCzech Leasing and Financial Association to be led by Jirina Tapsikova of SkoFIN for two more years
April 15, 2013 | 11:10pm CEToriginalJiri Matula of UniCredit Leasing has returned to the Board after a three-year break. Members have been expanded with Bibby Financial Services...
read moreSmithNovak holds Crash Hunting conference in Prague on May 16
April 10, 2013 | 12:24am CEToriginalMajor topics; speakers from Allianz, Generali, Ford, Deloitte, CAAS, MM Car, Partners, European Compensation Services; focus groups; price...
read moreAllianz and Ford established cooperation to combat poor quality repairers in Czech Rep
April 8, 2013 | 11:40pm CEToriginalStepping up the quality of repairs after an accident, repairs at authorized garages or unbranded certified repair shops, the battle with crash hunters...
read moreInsurance company Slavia changed PR agency and spokesperson
April 5, 2013 | 04:48am CEToriginalNew partner and spokesperson, 145th anniversary of the company establishment, results in damage liability in 2012 and the outlook for 2013, new insurance against collision with animals....
read moreSkoFIN launched campaign for best financing offer guarantee
April 4, 2013 | 01:13am CEToriginalDetails of the campaign (agencies, length, value of the contract, advertising), microsite with a calculator, fleet services communication...
read moreCetelem began to finance cars and motorcycles for companies and entrepreneurs
April 3, 2013 | 01:11am CEToriginalUntil then, the company provided loans to consumers only. Credit card with bonuses for fuel, financing example, a microsite, a new web site...
read morePecenka: Skoda Rapid to be important fleet car after launch of weaker 1.6 TDI engine and Spaceback version
April 2, 2013 | 01:13am CEToriginalStart of production of both novelties, expected ratio of liftback/estate, month campaign for four Fresh models (spots, prices, financing from CZK 2,500 per month)...
read moresAutoleasing increased number of contracts by 18% in 2012
April 2, 2013 | 12:43am CEToriginalFinancing volume, market share, demand for new and used cars and vans, demand in individual months, the most popular brands, the average repayment period...
read moreUniCredit Leasing considers entry into retail of used car financing in Czech Rep
March 28, 2013 | 01:36am CEToriginalSo far, the company has been financing used cars or trucks at dealers only. The prepared product, partner, target group...
read moreAllianz started offering free insurance against car theft to liability one to existing clients in Czech Rep
March 27, 2013 | 09:18pm CEToriginalAdditional insurance for older cars, zero participation, insurance with deferred commencement, discount for Prague citizens, motorcycle liability insurance for free...
read moreJaromersky: UniCredit Leasing wants to increase funding by 10% in Czech Rep in 2013
March 27, 2013 | 03:28am CEToriginalDownturn in 2012 affected the expected decline in investment in photovoltaics. Results in financing of cars, vans, motorcycles and trucks...
read moreCzech Railways to gradually sell off fleet of used cars
March 27, 2013 | 01:35am CEToriginalThe action relates to the transition to operating leases under LeasePlan. Partial tenders, the sale in packages, the number cars offered, prices...
read moreJaguar Land Rover prepares branded programme for used car sale in Czech Rep
March 22, 2013 | 02:42am CEToriginalIt was introduced in China last time. Parameters and service providers in different countries, the timing of the launch in the Czech Republic...
read moreCzech Railways chose LeasePlan for car fleet renewal
March 19, 2013 | 05:27am CEToriginalNumbers and models of vehicles, switching to an operating lease, the length and value of the contract, reduction of the fleet, reduced costs…
read moreCzech Post: ALD Automotive and CSOB Leasing succeeded in tenders for 544 vans with Fiat and VW vehicles
March 18, 2013 | 03:38am CEToriginalModels and numbers, the value of the contract, five new tenders for CZK 420 million, slowing the conversion to CNG, vans for delivery of white goods...
read moreTatra dominated by unknown investors, these might be Jaroslav Strnad and Rene Matera
March 18, 2013 | 03:33am CEToriginalThe transaction is arranged and financed by J&T. The result of the auction, Composite Com as the largest creditor, purchase of the debt from CSOB, operational funding and new management at Tatra...
read moreHyundai wants to strengthen sale of used cars and increase number of dealerships in Czech Rep
March 15, 2013 | 02:31am CEToriginalParameters of the i-Best program, involvement of dealers, current offer, microsite, dealer network development...
read moreLeasePlan: Prices of young used cars in Czech Rep increased slightly in 2012, except for Skoda brand
March 12, 2013 | 11:52pm CEToriginalGrowth in residual values drawn by foreign brands; the development of prices of Skoda, VW, Ford and Opel cars; interest in petrol/diesel; outlook for 2013...
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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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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
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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
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Kirchhoff Automotive looking for new suppliers
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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Source: ECB, November 21, 2024