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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
Arval delivered 230 Fiat Ducato vans with CNG drive to Czech Post
January 25, 2013 | 12:05am CEToriginalArval thus has become the largest provider of operating leasing of CNG vehicles in the country. Length of rental...
read moreArval grew by 9% in Czech Rep in 2012
January 24, 2013 | 12:28am CEToriginalNew business, growing fleet over 12,000 cars, e-mobility, strengthening the telematics and used cars, the entry of Arval Motor Trade to the Czech market, goal for 2013...
read moreSkoFIN grew at double-digit pace in 2012, has same plan for 2013
January 24, 2013 | 12:21am CEToriginalThe number of new contracts went up faster than the volume of transactions. Factors of the success, surpassed 800,000 contracts, detailed results...
read moreBasset: Renault wants to become Czech LCV market leader in 2014, just as it is in Europe
January 22, 2013 | 12:43am CEToriginalNumber three in the retail market, expansion of the Dacia dealer network, upcoming models, new trade policy, flat prices in aftersales...
read moreKiriakovsky: Mazda wants to gain 1% market share in Czech Rep, close to target in 2012
January 22, 2013 | 12:14am CEToriginalNew models (CX-5, Mazda3, Mazda6), Mazda6 III from CZK 539,900, a look at EVs and HEVs, Skyactiv and i-Eloop, news in Aftersales...
read moreRenault introduced 5-year warranty for cars and vans in Central Europe
January 21, 2013 | 12:01am CEToriginalThree countries, mileage limits, extended warranty for a surcharge, campaign to maintenance at authorized service centres, expenses for warranty repairs...
read moreSubaru wants to slightly increase sales in Czech Rep in 2013
January 20, 2013 | 11:51pm CEToriginalThe success in 2012 was helped by a sale of the Forester III. New models Forester IV and BRZ, prices, increased quota for the BRZ, 9 years of cooperation with Czech Duck Racing Team...
read moreEuropcar began offering full-service leasing with replacement of car after 6 months in Czech Rep
January 18, 2013 | 02:40am CEToriginalBenefits of product Flexileasing, flexibility for corporate fleets, cars offered, zero participation insurance, project Healthy Car...
read moreArval succeeded in Slovak Telekom tender with Opel vehicles
January 18, 2013 | 02:26am CEToriginalIt is a regular change of the fleet at this Slovak telecommunications company. Opel cars and vans have replaced vehicles of another two brands. Models and figures...
read moreVolkswagen Golf became Car of the Year 2013 in Czech Rep
January 15, 2013 | 02:32am CEToriginalToyota Yaris Hybrid became the Green Car of the Year, Volvo pedestrian airbag the Technical Innovation of the Year. Spot spacing of the finalists...
read moreGenerali to buy PPF shares in insurers Ceska pojistovna and Ingosstrakh
January 11, 2013 | 03:05am CEToriginalTransaction value, timing, dividends of Generali to PPF Holding, return on investment of Petr Kellner...
read moreLudek Santora left SkoFIN after year
January 10, 2013 | 03:16am CEToriginalUnder his operation, the company increased sales in 2012. New Sales and Marketing Director is now being selected...
read moreCeska pojistovna intends to further expand fleet of spare vehicles for car insurance clients
January 4, 2013 | 01:50am CEToriginalReplacement cars are available at authorized service partners, such as Auto Heller. Fleet owner and size, models in the car rental...
read moreCeska pojistovna extended its offer of liability insurance with package covering theft and natural risks
January 2, 2013 | 12:57am CEToriginalBenefit limit in case of theft is the same for Premium as for accident insurance for cars older than 6 years in the highest version…
read moreCSOB to cancel nearly 500 jobs in Czech Rep, also within insurer and leasing company
December 19, 2012 | 12:04am CEToriginalThe company will dismiss people and cancel vacant positions. The timing, the release in the headquarters and in managerial positions...
read moreCCS: Fuel prices fell in Czech Rep last week
December 18, 2012 | 11:54pm CEToriginalPetrol became cheaper by 19 hellers, diesel by 29 hellers. The reasons for this development, analysts’ expectations for this week...
read moreBMW Austria Bank entered Czech market, third country in Europe
December 18, 2012 | 05:09am CEToriginalThe company will offer financing of BMW and Mini dealers here. Further strengthening of the carmaker financing in the Czech Republic, Czech manager, BMW Card in Austria...
read moreCARspider prepares new tools
December 5, 2012 | 03:13am CEToriginalThis Czech online car sales broker also has a microsite for each brand. Car offer, financing partner, details of functionalities...
read moreCCS: Fuel prices fell slightly in Czech Rep last week
December 4, 2012 | 03:27am CEToriginalPetrol went down by 3 hellers, diesel by 1 heller. The reasons for this development, analysts’ expectations for this week...
read moreEco&Safety bonus 2000$: Ford Charouz prepared loyalty program for 5 years when buying new car
December 2, 2012 | 10:59pm CEToriginalDiscounts, products, services, partners, savings, United-Auto discount card, insurance without participation, payment protection insurance with a guarantee of car purchase...
read moreCeska pojistovna to dismiss fifth of its top executives
December 2, 2012 | 10:48pm CEToriginalMost of them are the trade union leaders or chief managers. Number of affected managers, narrowing of the management structure, annual savings, reallocation of funds for investments in branches...
read moreAutomotive Service Parts chose SkoFIN to finance its first fleet
November 28, 2012 | 09:08pm CEToriginalThe form of financing, the numbers and models of cars of not only Volkswagen Group brands, their utilization, fleet management...
read moreSixt reported decline in turnover in Czech Rep in 2011, number of deals went up though
November 27, 2012 | 03:29am CEToriginalThis is due to continued pressure on prices. Developments in operational leasing and car rental, demand for EVs, partners for financing, 100th anniversary...
read moreCCS: Fuel prices fell in Czech Rep again last week
November 27, 2012 | 03:08am CEToriginalPetrol went down by 30 hellers, diesel by 10 hellers. The reasons for this development, analysts’ expectations for this week...
read moreGM to return to Europe with financial division, buying activities of Ally/GMAC
November 23, 2012 | 03:43am CEToriginalTransaction value, Ally’s focus on the U.S. only, current car sales through GM Financial, the financing situation in Opel and Chevrolet brands in Central Europe...
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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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Source: ECB, November 21, 2024