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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
UAMK agreed to cooperate with Eni in Czech Rep
March 12, 2013 | 11:26pm CEToriginalThe amount of discount on fuel in the Agip network for new customers of UAMK, the average annual savings, number of members of the You&Eni loyalty program...
read moreKarlovy Vary Region switches to operating lease, CSOB Leasing with Hyundai cars succeeded in first tender
March 12, 2013 | 02:33am CEToriginalModels and numbers of cars, rental period, the value of the contract, instalments, savings compared to ownership, fleet size of the region...
read moreCeska sporitelna to cancel 600 jobs, aiming to save CZK 1 billion
March 10, 2013 | 11:54pm CEToriginalLayoffs will cover all positions and the whole group, including the leasing company sAutoleasing...
read moreEC approved joint venture of Volkswagen and Allianz
March 10, 2013 | 11:33pm CEToriginalVolkswagen Autoversicherung will offer branded automobile insurance. Timing...
read moreUniCredit to merge leasing companies in Czech Rep and Slovakia
March 8, 2013 | 04:34am CEToriginalTherefore, it will be another synergistic step after the integration of banks in both markets. Chief Integration Officer at UniCredit Leasing CZ became...
read moreJiri Matula returned to Czech Rep, to lead UniCredit Leasing again
March 7, 2013 | 12:59am CEToriginalJaroslav Jaromersky will move to the post of Commercial Director. Extension of the Board of UniCredit Leasing CZ with two members...
read moreArval prepared mobile application to help drivers in Czech Rep
March 6, 2013 | 12:14am CEToriginalThe directory of services of preferred partners, filling stations and repair shops, accessibility for iPhone and Android, an expansion with CNG stations...
read moreToyota to hold testing weekend focused on new models and HEVs in Czech Rep
March 6, 2013 | 12:03am CEToriginalDate of the event, extended warranty for 5 years under financing, expected visit rate...
read moreSuzuki started to offer branded car insurance in Czech Rep, Uniqa became partner
February 28, 2013 | 11:55pm CEToriginalFor Uniqa it is the third branded insurance co-operation after Mercedes-Benz Car Insurance and Hyundai Insurance. Scope of package coverage, a substitute car for free...
read morePrague public transport company entered into new insurance contract, tender won by consortium
February 28, 2013 | 11:44pm CEToriginalSubjects of the insurance including vehicles, the length and value of the contract, savings, VIG-Generali consortium with one Czech broker...
read moreHedrich: We aim to sell 90% of Lexus and 10% of Toyota HEVs in Czech Rep prospectively
February 28, 2013 | 12:25am CEToriginalSales in 2012, customer response to the hybrid revolution, orders and plans, new models, the Toyota Insurance Komplet with a 2.55% rate...
read moreLeasePlan separated development activities from commercial department in Czech Rep, put Milan Ptacnik to head
February 26, 2013 | 12:19am CEToriginalVladan Jesensky has become the new sales head of Lease Plan Czech Republic, coming from company...
read moreCSOB Leasing moved up to second place in 2012, being first in corporate finance
February 20, 2013 | 11:57pm CEToriginalBusiness results in individual commodities including cars, financing of large investments in CSOB Group...
read moreWustenrot recorded growth in demand for liability insurance in Czech Rep in 2012
February 20, 2013 | 01:22am CEToriginalAn increase in the portfolio of contracts, a microsite for online sales, Opel Insurance, autumn campaign, a continuing 30% bonus for drivers with 2 years without accidents...
read moreRenault wants to attack fleet customers in Czech Rep with Fluence sedan
February 19, 2013 | 12:20am CEToriginalPrices after facelift, higher level of equipment at a lower price, R-Link Store, Garance+ Profi service contracts, plans for 2013...
read moreEC provisionally approved help to credit division of PSA Peugeot Citroen
February 17, 2013 | 11:47pm CEToriginalThe commission will make the final decision on the legality of subsidy after France submits a restructuring plan of Banque PSA Finance...
read moreNovak: Seat wants to increase sales by 40% in Czech Rep in 2013, Leon and Toledo to be workhorses of growth
February 13, 2013 | 02:29am CEToriginalRecord January, orders and sales plans, full LED headlights in the segment for the first time, Leon CNG, extended warranty, an effort to reduce the price of Toledo...
read moreInsurance companies increased price of damage liability in Czech Rep in 2013 by average of 3%
February 13, 2013 | 02:19am CEToriginalThe reason is the increasing damage to health and the deteriorating economy of this insurance. Expression of CP, Allianz, CSOB and Kooperativa...
read moreLula: Suzuki wants to maintain market share of 1.4% in Czech Rep in coming years
February 7, 2013 | 11:24pm CEToriginalResults in 2012, the prepared S-Cross model, cooperation with winter resorts, expanding dealer network, service program for older cars...
read moreGenerali won dispute with man who did not say driver’s name after accident in Czech Rep
February 7, 2013 | 03:18am CEToriginalAccording to the court, car owners in similar cases cannot deny insurance companies information with reference to a close person...
read moreVintr (UniCredit Leasing): Car financing in Czech Rep stagnated in 2012
February 5, 2013 | 11:53pm CEToriginalEffect of re-exports, false sales and restoring of dealers; developments in the financing of trucks, machines and equipment...
read moreUniCredit Leasing acquired other partners in Czech Rep to finance not only transport machinery
February 4, 2013 | 11:45pm CEToriginalBoth in brand financing and its modification Commodity Line - Krone, Iveco, Kubota, Pottinger...
read moreCredium prepared two offers with vouchers and favourable insurance in Czech Rep in Q1
February 4, 2013 | 11:09pm CEToriginalVouchers for products and services of dealers have four values based on the price of the car. Partner insurers, interest rates...
read moreKia began offering brand insurance in Czech Rep
February 4, 2013 | 03:07am CEToriginalPartners of the project Kia Insurance 7, seven components including a spare car for the duration of warranty repairs, participation insurance Coin, parameters and rates/prices...
read moreFord began offering credit with service contract included in price in Czech Rep
January 31, 2013 | 12:40am CEToriginalThe package also includes an extended warranty, full insurance and assistance. Parameters of the All-in credit, the affected models, options, example...
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