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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
Operating Sphere+Region
FRANKFURT: Newcomers from Volkswagen for 2010, 2011 and onwards
October 20, 2009 | 11:21pm CEToriginalTouran facelift, all-new Sharan/Alhambra, all-new Touareg, all-new Passat but electric cars and hybrids as well…
read moreCCS: Petrol continues to cheapen in Czech Rep, diesel price increasing
October 20, 2009 | 03:42pm CEToriginalFuel prices are stagnating in Slovakia. Oil price reached the annual maximum last week and is now attacking the border...
read moreHyundai in Czech Rep restored its own scrap bonus after three months
October 20, 2009 | 02:09pm CEToriginalHowever, the scrap bonus is now applied to the model line i30 only. Basic price of Hyundai i30 has got under CZK 240,000 after the scrap bonus deduction…
read moreFRANKFURT: Robertson: Mini Cross to be introduced in early 2010
October 19, 2009 | 11:14pm CEToriginalMini’s offensive will go on with the models Coupe and Roadster. The overall sales of Mini slightly declined in 2009 compared to the record year 2008…
read moreAutomotive supplier Robert Bosch postponing its plans for expansion in Russia by two years
October 19, 2009 | 08:20pm CEToriginalThe reason is a marked downturn of local market and a strong connection of local producers as well. Bosch plans to produce components for…
read moreRenault and Dacia continue in a number of discounts in October including spare parts and tires
October 19, 2009 | 07:24pm CEToriginalToday, a winter service action was introduced in the dealer network during which customers receives an inspection of their car before the winter for CZK 98 or an extended inspection for…
read moreBritain to increase sum for scrap bonuses by one third supporting sales of 100,000 more cars
October 19, 2009 | 06:33pm CEToriginalHowever production declined in Britain, a share of manufactured cars intended for local market was the highest over the last…
read moreVolkswagen agreed on salary increase by 4.2% with employees in Western Germany
October 19, 2009 | 05:47pm CEToriginalAlso extra bonuses related to the carmaker’s performance are a part of the agreement; they could reach up to…
read moreSeat offering special bonuses for models Ibiza, Leon, Altea and Altea XL by end of year
October 19, 2009 | 04:52pm CEToriginalThe price bonuses according to a model and specification come to CZK 15,000 up to CZK 65,000. The action model Ibiza 25 remains in the offer…
read moreCar sales in China to grow by 35% this year and to get ahead of US market
October 19, 2009 | 04:20pm CEToriginalSales in China were pulled by government bonuses this year which could continue next year, too. A decision on extending the bonuses will be announced by the government…
read moreAUTO 2009: Skoda Auto: World car market to go down by 9% this year, by 15% in Europe
October 18, 2009 | 08:51pm CEToriginalA downturn by 6.5% will occur in Western Europe whereas the market in CEE will decline by 47%. Regarding the main emerging markets…
read morePRAGUE MOTOR SHOW: Javurek (SDA, Volkswagen): Waiting for scrap bonus declines car sales in Czech Rep by up to 20%
October 18, 2009 | 07:59pm CEToriginalSales of new passenger cars and LCVs went down by 13.8% in Q1-3. A number of people are waiting for scrappage scheme whose introduction has been unsure in the meantime…
read moreSales of passenger cars in Europe up by 6.3% in September, down by 6.6% in Q1-3
October 18, 2009 | 04:52pm CEToriginalThe results were boosted up by scrap bonuses. The European Central Bank alerts the scrap bonuses will give a boost to automotive industry temporarily only and can delay…
read moreTata to merge two plants of British carmaker Jaguar Land Rover
October 18, 2009 | 03:55pm CEToriginalThe decision on which of the plants in Solihull or Birmingham will be closed should be taken next year. Production of the new model Range Rover LRX…
read moreSkoda Auto to probably succeed in producing planned 20,000 Yeti cars this year
October 18, 2009 | 03:29pm CEToriginalCurrent orders which do not cover the entry-version of Yeti yet suggest that. The entry-version has now started being sold; the basic price of Yeti in the Czech Republic has thus dropped by CZK 90,000 to…
read moreVolkswagen expecting stagnation of automotive market next year
October 18, 2009 | 02:57pm CEToriginalCurrently, the third largest carmaker intends to overtake its competitors Toyota Motor and General Motors behind which it falls by…
read moreGeneral Motors and Penske negotiations on Saturn sale collapsed, production to be stopped
October 18, 2009 | 02:25pm CEToriginalPenske has negotiated with the French carmaker Renault on the supplies of cars, car parts and technologies for Saturn, but...
read moreHonda reduced list prices of models Jazz and Civic
October 18, 2009 | 01:59pm CEToriginalJazz has therefore got to the basic price below CZK 300,000, Civic below CZK 400,000. At the same time, Honda introduced new special offers...
read moreAAA Auto entrusted advertising agency RobertNemec.com with controlling its PPC campaign
October 18, 2009 | 01:12pm CEToriginalUsed car dealer expects from the new cooperation that internet advertising become more effective and cheaper. AAA Auto spend annually for the advertising...
read moreGref: Sberbank might sell stake in Opel to Russian state bank VEB
October 18, 2009 | 12:38pm CEToriginalHowever, Sberbank prefers an industrial partner. Anyway, the bank has the right to sell stake in Opel without consulting with other shareholders...
read moreNews and special offers by SkoFIN: Operative leasing on-line, APR 0%, GAP insurance free of charge, winter tires for Skoda cars in addition
October 17, 2009 | 08:23pm CEToriginalThe special offer Winter Tires for model Fabia along with availing of a lease or a credit includes advantageous interest running with APR under the limit of…
read moreCrisis caused wage reduction of 20% of managers in Germany, in automotive 50%
October 17, 2009 | 07:29pm CEToriginalWages in the automotive industry are still the highest across the sectors, the average annual income without remuneration reaches...
read moreLeasePlan showed a profit of EUR 61 million in H1
October 17, 2009 | 06:28pm CEToriginalThe results were very negatively affected by a drop of selling prices of finished car leases. The value of portfolio and the number of cars administered…
read moreRussia to provide RUB 10 billion for scrap bonus and thus support sales of 200,000 cars
October 17, 2009 | 05:48pm CEToriginalThe government bonus would apply to new cars assembled in Russia. However, there is infrastructure for ecological disposal of car wrecks missing in the country…
read moreGoldmad Sachs to invest USD 334 million in Chinese carmaker Geely
October 16, 2009 | 08:30pm CEToriginalThe Chinese company will use money acquired by the bonds‘ issue convertible into shares to finance capital expenditures and possible acquisitions. Goldman Sachs might have in Geely a share of…
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