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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
Associatons
Leasing of movables in Czech Rep down by 8.2% in Q1-3, consumer loans by 7.1%
November 8, 2010 | 04:11am CEToriginalThe number of contracts concluded, financial and operational leasing, fleet management, the individual segments (cars, LCVs, trucks, buses)...
read moreRehak (Ceska pojistovna): Direct settlement with clearing center to be introduced in Czech Rep within one year
November 4, 2010 | 07:02am CEToriginalIt is now being discussed within CAP whether it will be in a legislative or non-legislative way. Liquidation companies falling out of the process, the situation in Europe...
read moreSDA: Sales of passenger cars in Czech Rep down by 7% in October, due to consumers
November 4, 2010 | 06:53am CEToriginalRegistrations of LCVs fell by 14.9% but went up for trucks and buses. The data are not cleared of re-exports though...
read moreSales of commercial vehicles in EU rose by 13.7% in September, by 6% in Q1-3
November 1, 2010 | 04:31am CEToriginalRegistrations of heavy trucks rose by 20.4% in September, in Q1-3 they fell by 5.5%. The situation in individual countries and on the bus market...
read moreCar insurance market in Czech Rep decreased by 6% in Q1-3, accident insurance more than damage liability
October 27, 2010 | 05:57am CEToriginalThe number of insured vehicles grew by 98,000 units. Detailed results of insurance companies...
read moreCar production in Czech Rep up by 13% in Q1-3, should grow in coming years
October 20, 2010 | 01:26am CEToriginalSkoda Auto increased production by 7.1%, Hyundai by 84.4%, Avia by 59.8% and Tatra by 5.9%. On the contrary, TPCA, SOR, Iveco and Tedom decreased production. Estimates of PwC, KPMG, TPCA...
read moreRenault Group significantly exceeding sales plans in Czech Rep in 2010
October 18, 2010 | 03:03am CEToriginalWhile at the beginning of the year the carmaker expected a slight decrease, in Q1-3 it recorded double-digit growth. Registrations, sales, product news, estimates...
read moreCar sales in EU continues to decline due to scrap bonus, though growing in most countries
October 17, 2010 | 11:56pm CEToriginalHowever, the major European markets have been forfeiting. Sales declined by 9.6% in September, by 4.3% in Q1-3. Results of Volkswagen and Skoda...
read moreVosicky (Hyundai): Number of official importers re-export new cars registered in Czech Rep
October 15, 2010 | 04:19am CEToriginalThey seek to meet the business plans, at the same time to sell cars and preferably at a higher price. However, this distorts Czech statistics of registrations. Average re-exports and by individual brands...
read moreSales of new cars in Slovakia rose for the first time after more than six months in September
October 8, 2010 | 05:14am CEToriginalIn Q1-3, sales showed a decline of about 30%, when adjusted for the effects of scrappage sales would increased at the same pace. Results in individual segments...
read morePwC: Czech economy recovering moderately, sales of passenger, luxury cars and trucks rising
October 7, 2010 | 12:23am CEToriginalHowever, sales in the Czech Republic are still below the pre-crisis year of 2008. The results for each segment in September and Q1-3...
read morePARIS: Jahn (SAP, Volkswagen): Car production to grow to 5% in Czech Rep in 2010
October 4, 2010 | 12:48am CEToriginalGlobal sales should rise by 7%, European fall by 6%, Czech stagnate. The automotive industry in the Czech Republic is now, according to Jahn, stabilized...
read moreSales of commercial vehicles in Europe rose in summer, by 5.4% in July and by 10.1% in August
September 27, 2010 | 12:20am CEToriginalFrom January to August 2010, sales grew by 4.9%. Compared to 2008 it was by 35% lower...
read moreKofron Martin left SkoFIN to join KPMG
September 17, 2010 | 01:12am CEToriginalThis happened after 14 years spent in the captive finance company of the Volkswagen Group. At KPMG he will be responsible for...
read moreEU car sales dropped by 12.9% in August, by 3.5% over eight months
September 17, 2010 | 12:47am CEToriginalRegistrations of Volkswagen fell by 4.3% from January to August, of which the Skoda brand by 6.4%. On the contrary, the French carmakers have been showing good results...
read moreCLFA: Financial leasing not decreasing dramatically, only blending with non-banking loans
September 16, 2010 | 01:20am CEToriginalReporting in the Czech Republic is different from the normal practice in the world. Only a slight growth in operating leases, the situation in Slovakia...
read moreDirect prepared subsidized insurance for seasonal drivers and motorists operating in Czech Rep only
September 15, 2010 | 01:49am CEToriginalThe discount, excess for breaching the exception, the extension of bonus insurance free of charge, a navigation for CZK 1 in September for contracts over CZK 4,000...
read moreCLFA requires amendment of Consumer Credit Act, which has not come into force yet
September 15, 2010 | 01:26am CEToriginalThe reason is the inclusion of financial leasing in the law, which is beyond the EU directive and will bring complications to the leasing companies...
read moreVolkswagen Group has largest market share in Czech Rep, Germany is second
September 14, 2010 | 05:06am CEToriginalIn addition, it increased the share by 5 percentage points in H1. The Czech Republic is thus Volkswagen's second largest market in the CEE region. Detailed data of sales and registrations...
read moreCLFA: New Consumer Credit Act not to solve range of problems of gray financing
September 10, 2010 | 05:52am CEToriginalThe association calls for the tightening of conditions in consumer lending. Selected unfair practices and proposals for action...
read moreSales of new cars in Slovakia fell by 20% in August, by 33% over eight months
September 9, 2010 | 12:57am CEToriginalThe decline is caused by the scrap bonus program in 2009. Sales of trucks keep growing while the buses are falling...
read moreJiri Matula replaced Martin Kofron in CLFA management
September 9, 2010 | 12:41am CEToriginalThe vacant position of a vice chairman has been occupied by the long-time member of the CLFA Board, Blazena Valkosakova. The current personnel manning of the Board...
read moreCKP recovers more penalty charges from non-payers of damage liability
September 7, 2010 | 12:32am CEToriginalSince January 2009, over CZK 200 million have been paid to the guarantee fund of CKP, of which in 2010...
read moreSales of passenger cars in Czech Rep continues to stagnate, LCV in deep slump
September 6, 2010 | 12:02am CEToriginalTrucks reported a 16.5% growth in August, however, buses dropped by 42.9%. Results for August and eight months in individual segments...
read moreSAP: Companies in automotive industry in Czech Rep continue in staff releasing, though moderately
September 5, 2010 | 11:48pm CEToriginalHowever, the average wage of regular staff rose by a nearly double-digit rate in the y/y comparison. Details on the salaries in the automotive industry and the entire Czech economy...
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