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ESG: Tesa (Beiersdorf Group; manufacturer of adhesive tapes, other products for automotive industry, other industries with 5,200 employees in Germany, Italy, China, USA, Vietnam; more than 130 tapes for electric cars; sales of EUR 1.7 billion in 2023) started preparing with Hamburger Energienetze (formerly Gasnetz Hamburg) connection of plant in Hamburg-Hausbruch, Germany (500 employees) to hydrogen network HH-WIN (Hamburger Wassertsund-Industrie-Netz/Hamburg Hydrogen Industrial Network) with aim of manufacturing first adhesive tapes using green hydrogen in 2027, save around 6,000 metric tons of CO2 emissions caused by production each year, completely replace natural gas by 2030. Company to invest approximately EUR 300 million in decarbonization in coming years to achieve climate-neutral production by 2030 (2023: -38% compared to 2018), reduce indirect supply chain emissions by at least 20% (2023: -15%). Since 2020, Tesa has been purchasing 100% of electricity from renewable sources and is increasingly relying on its own production by building photovoltaic (PV) power plants, latest solar park in Offenburg, Germany to cover around 25% of site's electricity requirements from 2025
October 14, 2024 | 02:56pm CETflashread more
GlobalData cut 2024 Western European new car sales outlook by 40,000 units from 11.51 million (-0.4%) to 11.47 million (-0.8%)
October 14, 2024 | 02:52pm CETflashread more
Aures Holdings (AAA Auto, Mototechna, Auto Diskont, Driverama) sold 9,266 used vehicles in September, 29,271 units in Q3 (+11%), record 83,219 cars and vans in Q1-3 (+11%; HEVs +73%, 602 BEVs +166%). Group currently sells over 320 vehicles per day, expecting to sell up to 110,000 cars in 2024 (+12%) based on current trend
October 14, 2024 | 02:47pm CETflashread more
The Extra Mile by Equip Auto 2024: Equip'Auto SAS to hold conference on automotive aftersales, services in Paris, France on October 16. Representatives of BMW Group, Renault Group, Stellantis, Continental Automotive, Forvia, Valeo, Allianz, Capgemini, Inovev, LKQ, Mobilians, Orsay Consulting, Solera, FIEV, FIGIEFA, France AutoTech, PFA to speak at event
October 11, 2024 | 10:57am CETflashread more
Floods in Czechia: Pillow Pojišťovna registered 589 claims (including 32 damaged vehicles) in expected volume of tens of millions of korunas (millions of euros) until September 20, 6:00pm. Insurance company estimates total number of damages from high water at less than 1,000
October 11, 2024 | 10:41am CETflashread more
Mondial de l'Auto Paris 2024: BMW Group (BMW, Mini, BMW Motorrad), Chery (Moke), Dongfeng (Forthing), GM (Cadillac), Renault Group (Renault, Renault Pro+, Dacia, Alpine, Mobilize), SAIC (Maxus), Seres/Huawei (AITO), Stellantis (Alfa Romeo, Citroën, Peugeot, Leapmotor), Volkswagen Group (VW, Audi, Škoda, Mobility Solutions), Aixam-Mega, BYD, Dangel, Delage, Devalliet, Devinci, Eon Motors, Ford, GAC, Hongqi, Iveco, Kia, Kilow, Ligier, Lormauto, Microlino, Pantore, PGO, Pilotcar, Skyworth, Softcar, Tesla, THK, XPeng, Automotive Cells Company (ACC), Alpitronic, AutoScout24, Crédit Agricole Personal Finance & Mobility, Cybex, Deloitte, Eaton, EDF, Ekoenergetyka, Engie, Forvia, Schneider Electric, STMicroelectronics, TotalEnergies, Valeo, Vinci Autoroutes, Xing Mobility to join Paris Motor Show in France (October 14-20)
October 10, 2024 | 12:26pm CETflashread more
ČSÚ: Car prices in Czechia down by 0.3% m/m in September, by 1.7% y/y (new: -0.1%, +1.6%; used: -0.4%, -3.9%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-0.1%, +0.0%), spare parts and accessories (+1.1%, +5.9%), fuels and oils (-4.8%, -11.2%), maintenance and repairs / service works (+0.2%, +8.5%)
October 10, 2024 | 12:12pm CETflashread more
National Development Bank (NRB) accepted applications for 4,686 electric vehicles (4,684 passenger cars, 2 trucks up to 4,25 tonnes), 1,937 charging stations (1,775 AC, 89 DC up to 40 kW, 71 DC above 40 kW) in Czechia during almost six months (26 weeks, March 18 – September 11) 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). Plan to subsidize 4,055 ZEVs and 1,500 charging points fulfilled ahead of time, we currently anticipate 6,000-7,000 supported vehicles and 2,200-2,300 charging points, Muřický (MPO) said
October 10, 2024 | 12:04pm CETflashread more
Trends in Insurance Industry of Czechia & Slovakia 2024: Conforum to hold 10th conference on Czech, Slovak insurance market in Prague, Czechia on October 24. Representatives of Colonnade Insurance, Kooperativa, ČPP (Česká podnikatelská pojišťovna), BNP Paribas Cardif, Uniqa, Slavia Pojišťovna, Pillow Pojišťovna, Deloitte, MF (Ministry of Finance of Czech Republic) to speak at event
October 9, 2024 | 11:47am CETflashread more
PwC revised 2024 Czech new car registrations forecast from 225,000-235,000 units (+2% to +6%, 2023: 221,422) to 225,000-227,000 units (+2% to +3%), based on development to date (Q1: +2.2%, Q2: +4.1%, Q3: +1.5%). Demand for cars is still affected by weaker economic growth. Currently, however, we are already observing gradual small improvements – in particular, decrease in inflation and interest rates together with moderate economic growth, Štefek said, adding that GDP in Q2 2024 increased by 0.6% y/y and stronger growth of Czech economy is expected as late as 2025 (2.7-2.8%)
October 9, 2024 | 11:38am CETflashread more
Expected development of automotive industry in Czech Republic and in world 2024: 21st automotive conference to take place in Brno, Czechia on October 23. Representatives of Škoda Auto, Hyundai Motor Manufacturing Czech, Stellantis Slovakia, Kia Slovakia, Tatra Trucks, SOR Libchavy, Valeo, Vitesco Technologies, Plastika, Fanuc, Adastra, Technodat, Dytron, Minerva, 3Dwiser/Admasys, Ekomaziva, Tedom Energie, KPMG, Accenture, Enovation, ČNB (Czech National Bank), ČEB (Czech Export Bank), EGAP (Export Guarantee and Insurance Corporation), MPO (Ministry of Industry and Trade of Czech Republic), Time & Space Ukraine to speak at event
October 8, 2024 | 08:57am CETflashread more
Atlas Copco acquired assets of Mont-Tech (manufacturer of assembly automation machines and systems with 27 employees in Brno, Czechia; customers: Cooper-Standard Automotive Czech Republic, Inergy Automotive Systems Slovakia/Plastic Omnium Auto Inergy Slovakia, ITW Pronovia, Adient Interiors, Adient Czech Republic, Siemens Elektromotory, Volkswagen Slovakia; revenues of EUR 3.5 million in 2023), integrating them into Motor Vehicle Industry (MVI) Tools and Assembly Systems division belonging to Industrial Technique business unit
October 8, 2024 | 08:52am CETflashread more
Component manufacturers
Bosch plans further investment in Czech Rep
October 2, 2016 | 11:14pm CEToriginalLocation, extent and amount of investment in production and R&D, products, HR, application for an investment incentive...
read moreTatra needs to fill 100 vacancies
September 26, 2016 | 11:32pm CEToriginalIts parent holding Czechoslovak Group is also looking for employees. Recruitment office at NATO Days, demanded positions, employee benefits, recruitment in 2016, the new HR managers...
read moreHazardous chemical leaked at one Borgers plant in Czech Rep
September 21, 2016 | 09:41pm CEToriginalLocation, probable cause, the number of injured, the closure of one hall, production restoring, long-term problems with chemicals, occupational diseases at employees, related investments...
read moreAutomechanika Frankfurt 2016: CzechInvest led talks with potential investors from Europe, America and Asia
September 19, 2016 | 11:39pm CEToriginalA joint stand of the MPO with shared facilities was used by several Czech manufacturers of automotive components. Author of the implementation, future presentations...
read more2016 Prague Motor Show: Decrease of 10 brands compared to last year, Chatenet added
September 19, 2016 | 10:59pm CEToriginalThe vast majority of brands will be presented by dealers. Central Bohemia exhibition will also be attended by companies from the aftermarket. EkoAuto Fair, expected attendance...
read moreLouda Auto expanded organizational structure and strengthened management
September 15, 2016 | 11:57pm CEToriginalThe company attracted another manager from the carmaker. Expansion of the Board of Directors, the financial results in 2015...
read moreThe Art of Performance Tour 2016: Jaguar holds test drives with latest models in Central Europe
September 12, 2016 | 11:23pm CEToriginalCountries including the Czech Republic, locations including airports, dates, models including 4x4 cars...
read moreAutomechanika Frankfurt 2016: Fair to present 30 companies from Czech Rep and Slovakia
September 12, 2016 | 01:06am CEToriginalThese include Ceska zbrojovka/CZ-Auto, Gumotex, CIEB Kahovec, Brano or Brisk. The term, nomenclature, the results of the previous year...
read morePeugeot Professional Roadshow 2016: Peugeot organizes roadshow aimed at firms in Czech Rep
September 12, 2016 | 12:02am CEToriginalLocations, dates of the 4th year, presented commercial and managerial models, the possibility of test drives, partners, website...
read moreSamsung expands in production of batteries for EVs in Europe
September 8, 2016 | 11:57pm CEToriginalTwo investments of the Samsung SDI division in Central Europe, locations, capacity, timing, synergies, proximity to European customers – carmakers...
read moreFederal-Mogul opened new test centre in Czech Rep
September 7, 2016 | 11:39pm CEToriginalLocation, division, orientation, size, technologies, investment amount, HR, technical support for clients, cooperation with factories and schools...
read moreDenso appointed new head of one plant in Czech Rep
September 4, 2016 | 11:39pm CEToriginalPersonnel changes took place within the rotation in the company. The group has four factories in the country. Managers, locations, timing...
read moreHanon Systems fined in Czech Rep
August 25, 2016 | 11:15pm CEToriginalThe manufacturer of automotive components did not appeal against the fine. Reasons, location, the amount of the sanction...
read moreBenteler to build two new plants in Central Europe
August 25, 2016 | 12:51am CEToriginalThey will fall into two divisions – Automotive and Distribution. Locations, products, timing, HR, expansion of a plant in the Czech Republic...
read moreDieselgate: Bosch collaborated with Volkswagen on emission falsifying, say lawyers of diesel car owners
August 23, 2016 | 11:15pm CEToriginalThey refer to the documents that the automaker handed over to the plaintiff. Formal charges against Bosch has not been brought yet...
read moreKirchhoff Automotive looking for new suppliers
August 21, 2016 | 11:53pm CEToriginalRequested product, details of a tender, timing, mediation by CzechTrade, a meeting with potential suppliers in the Czech Republic...
read morePrevent Group strengthens its position in automotive industry
August 21, 2016 | 11:11pm CEToriginalThe company bought two German automotive suppliers. The affected firms, their profile, products, clients, HR...
read moreRehau to expand one plant in Czech Rep
August 16, 2016 | 11:56pm CEToriginalLocation, new premises, installed machines, HR, timing, products and clients...
read moreBridgestone chose new EMEA head
August 8, 2016 | 11:19pm CEToriginalHe is coming to the Japanese tire manufacturer from a competing firm. Franco Annunziato was charged to lead a different region...
read moreFCA allegedly considering selling Magneti Marelli or its part
August 3, 2016 | 11:55pm CEToriginalThe reason is interest of investors, industrial and technology companies. Affected entities and their reactions, possible price, activities in Central Europe...
read moreSamsung leads talks on BYD Auto share purchase
July 21, 2016 | 04:59pm CEToriginalAlleged amount of share, the issue of new shares of the Chinese EV maker, the Samsung expansion in the automotive industry since 2015...
read moreGestamp to build another plant in Central Europe
July 12, 2016 | 11:57pm CEToriginalLocation, number of halls and lines, technology, investment amount, HR, products, clients, timing, Gestamp, Gonvarri and Edscha factories in the region...
read moreValeo and Siemens to form JV for EV and HEV drives
July 11, 2016 | 12:31am CEToriginalThe two companies will put relevant activities in it, including those in Central Europe. Shares, headquarters, HR, timing, market outlook by 2020...
read moreBain Capital to sell FTE Automotive
July 8, 2016 | 12:41am CEToriginalThe buyer, price, timing, transaction advisors, profile of the German manufacturer of automotive components with operations around the world, including the Czech Republic and Slovakia...
read moreGermany investigates possible steel cartel in automotive industry
July 7, 2016 | 11:35pm CEToriginalAntitrust authority searched the offices of six domestic carmakers and suppliers. The businesses concerned, reasons, timing...
read more
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