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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
CCS: Fuel in Czech Rep continued to go down last week, by tens of hellers again
June 26, 2012 | 01:04am CEToriginalPetrol is now the cheapest since February 2012, diesel since November 2011. Analysts’ expectations for this week...
read moreOne Volvo dealer in Czech Rep has apparently financial problems
June 22, 2012 | 12:06am CEToriginalThis company has recently lost Mitsubishi dealer license. Insolvency proceedings, creditors, the amount of debt...
read moreAutotrend became Volkswagen dealer, having built showroom in Liberec
June 22, 2012 | 12:01am CEToriginalThe company decided to expand its portfolio with second brand namely on the basis of several years of customer acquisition in its authorized service point. Financing of the investment...
read moreVolkswagen introduced Up! on Czech market, not worried about demand
June 19, 2012 | 12:33am CEToriginalPlanned sales, BlueMotion package for CZK 6,000, CNG and electric versions, assistant of economic driving Think Blue, financing from SkoFIN...
read moreCCS: Fuel continued in price decrease in Czech Rep last week
June 19, 2012 | 12:23am CEToriginalThe average price of petrol and diesel fell by tens of hellers. Analysts' expectations for this week...
read moreRadek Liska returned to Czech Rep, having joined Scania
June 14, 2012 | 03:27am CEToriginalPreviously, he worked in several leasing companies. The current head of Scania's aftersales services for Central Europe, Zdenek Petras went to...
read moreIAC Group launched serial production in new plant in Czech Rep
June 13, 2012 | 03:20am CEToriginalLocation, a new contract for six years, the amount of investment, financing of production machinery from UniCredit, negotiations on the future contract on an operating lease...
read moreCCS: Prices of fuel in Czech Rep continued to decline last week
June 12, 2012 | 02:36am CEToriginalThe average price of petrol and diesel fell by 22 hellers. Analysts’ expectations for this week...
read moreSixt made several organizational changes in Czech Rep
June 7, 2012 | 03:04am CEToriginalSpeed Lease CEO Frantisek Paces has passed over some of his competencies, Petr Kosmak became Executive Director/COO. He accepted a new manager for Sixt Leasing Division...
read moreDirect Pojistovna started cooperating with two new partners
June 5, 2012 | 10:09pm CEToriginalCetelem will offer travel and property insurance, and mBank will offer automobile and property insurance. The possibility of extending co-operation...
read moreToyota prepared two-year credit with three instalments for Yaris in Czech Rep
June 5, 2012 | 09:36pm CEToriginalDetails of the product Genio ‘Thirds without increase’, new Power equipment level for price-sensitive customers...
read moreAles Zethner left PSA Finance Czech Republic
June 4, 2012 | 10:46pm CEToriginalIn the Czech representation of the captive leasing company of PSA Peugeot Citroen he was the Sales Director. His successor, Zethner’s new operation…
read moreCCS: Fuel in Czech Rep continued to decline last week
June 4, 2012 | 10:14pm CEToriginalThe average price of petrol fell by 23 hellers, diesel by 18 hellers. Analysts' expectations for this week...
read moreJaguar Land Rover began offering extended warranties for new and used cars in Czech Rep
May 31, 2012 | 03:47am CEToriginalPartner and options of the First Class program, guarantee of fixed prices of service inspections Fixservis for 6 years, assistance along with the factory warranty...
read moreOpel Choices 2012: Opel offers three benefits with three choices at weekend when buying new car
May 30, 2012 | 04:20am CEToriginalCustomers will have a choice of six bonuses offered in Czech and Slovak dealer networks. Details of the event...
read moreOpel prepares EV sized of Meriva
May 28, 2012 | 10:58pm CEToriginalThis will be another activity in alternative drives after the Ampera hybrid and HydroGen4 concept. Testing in Germany, the Mokka SUV under several brands...
read moreCCS: Fuel continued to fall in Czech Rep last week
May 28, 2012 | 10:26pm CEToriginalThe average price of petrol fell by 17 hellers, diesel by 16 hellers. Analysts' expectations for this week...
read moreMazda started to provide 5-year warranty in price of new car in Slovakia
May 28, 2012 | 02:48am CEToriginalMazda and CarGarantie have thus expanded cooperation, as the five-year warranty has been only optional so far. Customers can save EUR 168 to 467. The situation in the Czech Republic...
read moreOpel to offer Ampera in Europcar car rental network
May 28, 2012 | 02:31am CEToriginalThe Ampera thus enters the segment of short-term leases. Germany and the Benelux will be first. Promotion, the situation in the Czech Republic and Slovakia…
read moreCCS: Fuel in Czech Rep cheaper last week
May 22, 2012 | 02:58am CEToriginalThe average price of petrol fell by 20 hellers, the price of diesel by 19 hellers. Analysts’ expectations for this week...
read moreEurop Assistance started offering assistance service for motorbikes directly to motorcyclists in Czech Rep
May 18, 2012 | 03:41am CEToriginalMotoCare is a follow-up of the insurance AutoCare. Experience with branded programs, interest in MotoCare and AutoCare, AutoCare’s entry to Slovakia...
read moreCCS: Fuel prices dropped in Czech Rep last week
May 15, 2012 | 01:08am CEToriginalThe price of petrol went down more than the price of diesel. Analysts’ expectations for this week...
read moreChretien: Renault and Dacia dealer network underwent many changes in Czech Rep in 2011, investments to continue in 2012
May 9, 2012 | 03:13am CEToriginalSignificant growth of Dacia brand, extension of the RCI Benefit package for Dacia models, demand for Servis 5+, new models, engines and limited editions...
read moreCCS: Fuel cheaper in Czech Rep last week, petrol more than diesel
May 9, 2012 | 02:05am CEToriginalDistributors continue to abuse the situation and increase their margins. Analysts' expectations for this week...
read moreCCS: Growth in prices of petrol stopped in Czech Rep
May 3, 2012 | 10:06pm CEToriginalDiesel became cheaper last week, too. Analysts' expectations for this week...
read more
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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SELECTED ARTICLES
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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