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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
Vehicle Segment
Scrap bonus in the USA exploited by 185,000 people, helping mainly to Ford
August 9, 2009 | 08:17pm CEToriginalCar sales in the USA reached this year’s maximum of 994,000 cars in July; in y/y comparison it however decreased by...
read moreBMW’s profit dropped by 76% along with downturn of revenues by 11% in Q2 due to low demand
August 9, 2009 | 03:55pm CEToriginalThe carmaker reacts to that by operational cuts and by leaving Formula 1 as well...
read moreToyota Land Cruiser Team Edition: Stock clearance with discount of CZK 175,000
August 9, 2009 | 03:27pm CEToriginalThe offer refers to cars with the diesel engines 3.0 D-4D within the equipage Lux and Lux+ exclusively. In case of taking advantage of an offer of financing…
read moreCar sales in Italy, France and Spain boosted by scrap bonus in July
August 9, 2009 | 02:48pm CEToriginalIn Italy and France car sales went up y/y in July; in Spain the rate of downturn was slowed down from June’s 15.9% to…
read moreSales of passenger and light utility cars decreased by 13% in January-July
August 7, 2009 | 04:40am CEToriginalDemand for passenger cars increased by 8% in the first seven months, in July it increased by...
read moreVolkswagen plant in Bratislava to cease Skoda Octavia cars production next year
August 5, 2009 | 09:35pm CEToriginalThe reason is a line release for the new model range of cars, whose production will begin under brands Volkswagen, Seat a Skoda in…
read morePassenger car sales in Germany increased by 29.5% in July
August 5, 2009 | 08:25pm CEToriginalThe growth is caused by the continuing government incentives in the form of scrap bonus. Sales of Skoda cars rose by...
read moreFehrer acquired new orders, cannot find workers in Liberec now
August 4, 2009 | 06:01pm CEToriginalThe company has solved the lack of workers by Saturday shifts already. The new orders for seven years are from the carmakers…
read moreFord to cancel 600 jobs in plant in Valencia
August 4, 2009 | 02:08pm CEToriginalThis represents 12% of all employees of the Spanish factory. At the beginning of this year, the carmaker has already reduced the production there…
read moreDiess: BMW and Daimler can buy up to 10% of all components together without harming the brands
August 4, 2009 | 01:17pm CEToriginalThose can be automatic system, wheels or tyres. By the year 2012, BMW wants to lower purchasing costs by…
read moreFord suspended sales of Swedish passenger car producer Volvo Car
August 4, 2009 | 12:30pm CEToriginalThe US carmaker is awaiting a result of the battle for Opel. The situation could be clearer after today’s meeting of the German government with GM’s representatives…
read moreSuzuki’s operating profit dropped by 80% in Q2 along with downturn of revenues by 37%
August 4, 2009 | 11:13am CEToriginalSales went down by 12% to 541,000 cars. However, the company partially succeeded in offsetting a steep fall of demand on developed markets by increasing sales in…
read moreSales of Auto Esa up by 16% to 3,145 cars in H1
August 4, 2009 | 10:04am CEToriginalThe firm is also successful in the field of sales of additional products and car accessories while in the company’s shop and e-shop its turnover went up by…
read moreDenny: AAA Auto could sell 40,000 cars in 2009
August 4, 2009 | 08:49am CEToriginalThe company sold 10,950 used cars in Q2 thanks to a special offer of scrap bonus as well. Compared to Q1, the number shows a growth by…
read moreBankruptcy of Magneton can cause problems to Bosch Diesel plant in Jihlava
August 3, 2009 | 05:45pm CEToriginalBosch takes components for production from Magneton to its Jihlava-based plant, this production employs…
read moreContinental to raise its capital by up to EUR 1.5 billion
August 3, 2009 | 01:59pm CEToriginalThe company wants to improve its financial situation this way. However, it could lose its CEO Karl-Thomas Neumman, whose suspension…
read moreCarmakers Renault, Mazda and Mitsubishi posting a loss this year
August 3, 2009 | 12:49pm CEToriginalRenault expects global car market to decline by 12%; a previous prognosis was 15%. In H2, the company intends to increase production by…
read moreCeska posta considers putting CNG drive into its car fleet
August 3, 2009 | 11:39am CEToriginalNevertheless, it has now put up a purchase of 600 delivery trucks with diesel engines for a tender, which replaces the cancelled tender from autumn 2008...
read moreSumitomo continues downturn in automotive production in Slovakia, this time in another division
August 2, 2009 | 11:23pm CEToriginalAfter the planned closure of the SE Bordnetze plant in Nitra, SEWS Slovakia, manufacturer of wiring harnesses for cars, has now announced the second wave of release...
read moreImporter of Kia cars to Czech Rep has new president since July
August 2, 2009 | 10:43pm CEToriginalInto the company Kia Motors Czech, H.L. Baik has come from the Korean headquarters, who replaced Kyung-Hyeon Kim after 4.5 years. That one left…
read moreDaimler posted loss of EUR 1.06 billion in Q2
August 2, 2009 | 10:04pm CEToriginalThe company’s management became worse by EUR 2.3 billion over the year along with a drop of revenues of 24.6 %. Compared to Q1, the carmaker lowered the loss by…
read moreDespite insurance stagnation within damage liability, number of concluded contracts up by 5.8% in H1
August 2, 2009 | 08:40pm CEToriginalA higher number of concluded contracts is caused by toughening sanctions on non-payers mainly. The reason of stagnation of the imposed insurance is…
read moreOperating profit of carmakers Honda Motor and Nissan Motor fell by almost 90% in Q2
July 31, 2009 | 12:46pm CEToriginalBoth companies, however, kept themselves in black numbers. While Honda has improved the prognosis of profitability for the whole financial year, Nissan expects...
read moreKPMG: Car interest decline led to significant fall in steel production
July 31, 2009 | 11:58am CEToriginalGlobal steel production has fell by 60 to 70% since 2007. The steel companies see demand recovery...
read moreSkoda Auto net profit declined by 61.7% in H1 at revenues drop by 19.7%
July 31, 2009 | 10:28am CEToriginalThe carmaker has been doing better than its competitors; its sales drop reached only 10.1% in H1. However, the world’s car market declined by...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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SELECTED ARTICLES
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1 EUR = 1.05 USD
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Source: ECB, November 21, 2024