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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
Institutions
Head of Czech Trade Inspection dismissed Director of Inspectorate, who pointed out miscalculations of APR
June 19, 2014 | 03:30am CEToriginalCOI did not disclose its reason, as it is not related to this affair. Validation of the correctness of the imposed fine for Essox and calculation used in the control by a special commission...
read moreRemoval of DPF: CTIA carried out check of 80 service shops, half did not pass
June 18, 2014 | 05:36am CEToriginalThe initiator, the date, identified deficiencies, fines, administrative procedures, results in regions, problems with warranty and insurance, removal vs. exchange vs. restoration...
read moreCzech government approved investment agreement with Nexen Tire
June 16, 2014 | 11:51pm CEToriginalDate of signature, the amount of investment and government incentives, location, HR, R&D centre, possible arrival of Nexen's suppliers...
read moreCSU: Car prices in Czech Rep fell in m/m comparison in May 2014
June 16, 2014 | 11:41pm CEToriginalWhile the prices of new cars were flat, used cars became cheaper. Prices of servicing and spare parts, detailed data, the annual development...
read moreTÜV Süd strengthened sales department in Czech Rep
June 16, 2014 | 05:58am CEToriginalA specialist in the automotive and electronics industries and e-mobility joined the company…
read moreHyundai Mobis plans to build another plant in Europe, probably in Czech Rep
June 12, 2014 | 04:07am CEToriginalConsidered locations, reasons, HR, timing, products, clients...
read moreCzech Trade Inspection clarifies errors in APR calculation
June 5, 2014 | 11:48pm CEToriginalIn response, one credit company intends to streamline the provision of credits. COI also came across the unjustified reduction of the tax base by used car dealers...
read moreEU reports against Russia at WTO because of duties on commercial vehicles
June 4, 2014 | 10:29pm CEToriginalThese duties relate to production in Germany, Italy and Turkey. Another dispute between the EU and Russia, the amount of duties, the EC and the WTO procedure...
read moreNexen Tire took decision on location of its first factory in Europe, to be located in Czech Rep
May 30, 2014 | 12:58am CEToriginalLocation, investment amount, timing, capacity, clients, broad cooperation with Volkswagen Group...
read moreeCall could be compulsory in EU from 2017
May 29, 2014 | 11:56pm CEToriginalThe form of automatic emergency call and the timing will be discussed by member countries with the European Parliament. The attitude of the Czech Republic...
read moreCzech Rep may change rules to recover debts of liability insurance
May 20, 2014 | 01:21am CEToriginalAuthor of the amendment, proposals and positions of the parties and individual MPs, elimination of unauthorized calls of CKP for payments to the guarantee fund for uninsured cars...
read moreNexen Tire to probably build its first European plant in Czech Rep
May 15, 2014 | 10:44pm CEToriginalOne region has already approved the sale of land to the company. Location, the amount of investments, HR, clients, preparation and project timing, statements of the state representatives...
read moreSDA: Carmakers prepared concept for quality vehicle repairs in Czech Rep
May 14, 2014 | 12:19am CEToriginalDetails of the Fair-Play concept, signatories to the memorandum, the attitude of insurers and the UOHS, renewal of the commission for the automotive industry...
read moreCSU: Car prices in Czech Rep up m/m in April 2014
May 13, 2014 | 12:28am CEToriginalWhile new cars became more expensive, the prices of used cars stagnated. Prices of servicing and spare parts went up. Detailed information, y/y development...
read moreEssox did not manage to appeal against fine in APR case, chief of Komercni banka became involved
May 11, 2014 | 10:19pm CEToriginalLe Dirac'h approached the Ministry of Industry and Trade, which is not an appeals body though. Comments of stakeholders and an independent lawyer...
read moreAles Stavjana left CzechInvest
April 15, 2014 | 11:39pm CEToriginalIn this agency for business and investment in the Czech Republic, he was in charge of the automotive and electronics industries. His new job, a tender for the successor...
read moreCzech Senate prepares renewal of part of its fleet
April 13, 2014 | 11:33pm CEToriginalNew cars will replace vehicles from the Volkswagen Group. Models and their age, details of the tender (number of vehicles, estimated price, timing)...
read moreCSU: Car prices in Czech Rep stagnated m/m in March 2014
April 10, 2014 | 12:43am CEToriginalThis applies to both new and used cars. Stagnation is also reflected in servicing. Detailed information, y/y development...
read moreCar Importers Association rejected allegations of Hyundai Motor Czech, called on it to apologize
April 9, 2014 | 01:54am CEToriginalAt the same, SDA sent its opinion to the Office for the Protection of Competition and the Motoring Journalists Club...
read moreCLFA wanted to resolve APR calculation with CTIA in 2010, inspection rejected meeting
April 9, 2014 | 01:40am CEToriginalReasons, preparation of the Consumer Credit Act, the history of negotiations between the two entities, the lack of uniform interpretation of the APR calculation within CLFA...
read moreCzech Trade Inspection checks three more instalment companies
April 7, 2014 | 02:36am CEToriginalOne of them is allegedly GE Money Auto. At the same time the inspection verifies their checks since 2013. Details, the number of Essox contracts with the wrong APR...
read moreInsurance companies to acquire data from vehicle registry in Czech Rep daily
April 7, 2014 | 02:26am CEToriginalIn 2013, they gained the data with delay, which could lead to unjustified demands for payment of liability insurance form former car owners. The new system, timing...
read moreHome Credit: Court to decide on correct calculation of APR
April 2, 2014 | 12:21am CEToriginalIn the event of failure, the company does not intend to claim potential damages to the state. However, Home Credit reportedly changed the method of calculating the APR two years ago...
read moreRoman Prorok became new client ombudsman at AAA Auto
March 31, 2014 | 11:40pm CEToriginalHe comes to the used car dealer from the state administration, while his predecessor Milan Smutny is heading for it...
read moreCOI: Some credit companies in Czech Rep erred in calculating APR and instalments
March 31, 2014 | 11:15pm CEToriginalAccording to the inspection, these are Essox and Home Credit. The fine, response of the companies, possible compensation, recommended procedure to the clients, working team of MPO...
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