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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
Eurocar plant in Ukraine stopped Skoda cars assembly due to company holiday in carmaker in Czech Rep
July 22, 2009 | 06:23pm CEToriginalSkoda Auto is, however, considering the production shutdown extension for Ukraine in the plant in Vrchlabi after the holiday as well. The reason is...
read morePwC: Sales of new and used cars in Russia declined by 55% in H1
July 22, 2009 | 05:57pm CEToriginalAccording to PwC, the Russian automotive market declined by 62% to USD 12.8 billion in H1. This year, PwC expects sales fall by...
read moreCSOB Leasing began offering short financial leasing for vehicles - for 2 years already
July 22, 2009 | 05:36pm CEToriginalBy this offer, the company responds to the amendment of the Income Tax Act. The customer has the option to manage the time for which the new investments reflect in...
read moreVolvo AB reported third quarterly loss in a row in Q2
July 22, 2009 | 05:19pm CEToriginalThe net loss reached SEK 5.56 billion compared to a profit of SEK 5.1 billion in Q2 last year. Sales of the company fell by 33%. This year...
read moreDismissals in carmakers and suppliers brings extreme forms of protests too
July 21, 2009 | 06:10pm CEToriginalHundreds of fired employees of the South Korean carmaker SsangYong have occupied a part of the plant today and are attacking interfering policemen with slingshots...
read moreAutomotive supplier Continental returned to profit in Q2
July 21, 2009 | 04:43pm CEToriginalThe company reported an operating profit of EUR 38.8 million after a loss of EUR 165 million in Q1. The results were supported by...
read moreJapanese carmaker Toyota to start hybrid vehicle production also abroad
July 21, 2009 | 04:15pm CEToriginalThe second hybrid car after the model Prius will become Auris, whose production will start in mid-2010 in Europe in...
read morePrices of cars sold on Czech market stagnated m/m in June
July 21, 2009 | 02:28pm CEToriginalThis applies also to new cars, used vehicles and motorcycles became slightly cheaper. Service work and spare parts and accessories...
read moreEmployees from French auto parts plant not threatening with its demolishing anymore
July 21, 2009 | 01:31pm CEToriginalFrance's industry minister has promised to meet labour unions in the plant on Wednesday. Attitude of the main customers Renault and PSA has not changed...
read moreEurocar plant in Ukraine suspended Skoda car assembly
July 21, 2009 | 12:24pm CEToriginalThe reason is a downturn of the local market. The drop in Ukraine is being successfully compensated by deliveries to Russia. Lower demand troubles also an assembly plant in…
read moreGeneral Motors has three final bids for Opel's purchase, to be reviewed now
July 21, 2009 | 11:19am CEToriginalThe bids have been proposed by Magna/Sberbank, RHJ and BAIC. Magna and Sberbank newly require Opel's intangible rights and have also increased the bid...
read moreEC approved state help for new plant of Daimler in Hungary
July 20, 2009 | 07:48pm CEToriginalDaimler intends to invest EUR 800 million in a new production capacity and to create 2,500 jobs. The state help will have the form of...
read moreLeasePlan: Companies approaching operating leasing due to tax laws changes
July 20, 2009 | 03:48pm CEToriginalThe share of the total operating leasing rose in the movable assets financing to 28% in Q1. Fleet has been transferred from the ownership to the operating leasing also by Adidas...
read moreFrance plans for extending scrappage scheme until next year, the bonus should go down gradually
July 20, 2009 | 02:34pm CEToriginalThat should prevent a big shock on market. According to the French government, the system of scrap bonuses should proceed at all-European level...
read moreCKP: Share of cars without damage liability fell to 8.7% in June
July 20, 2009 | 02:01pm CEToriginalIt is a y/y decrease of 3.5 of the percentage point. The reason of this development is the introduction of a penalty contribution of uninsured, on which it has been collected...
read moreRenault’s sales down by 16.5% in H1, carmaker maintained market share though
July 20, 2009 | 11:35am CEToriginalSales of Renault cars dropped by 21.5% but sales of the cheaper Romanian brand Dacia went up by…
read moreHyundai to invest EUR 130 million in Czech Rep during two years
July 20, 2009 | 10:17am CEToriginalThe investment will go to construction of another hall at a transmission plant and new technologies. Capacity of transmission production will thus move up to...
read moreVolkswagen is close to agreement on Porsche carmaker control
July 19, 2009 | 11:00pm CEToriginalThe shareholders of the new VW-Porsche group would be families Piech and Porsche, Lower Saxony and Qatar. Porsche employees do not like it and threaten...
read moreRHJ International offers EUR 275 million for Opel’s half
July 19, 2009 | 10:22pm CEToriginalRHJ’s offer assumes that Opel will produce less, so that the number of employees will fall. It should leave the company up to...
read moreJaguar to cease X-Type model’s production after eight years
July 17, 2009 | 04:21pm CEToriginalDue to this fact, there will be 300 jobs terminated in the UK plant in Halewood. Because of the weak demand for luxury cars the factory will also interrupt its operation...
read morePorsche head Wendelin Wiedeking supposedly leaving the company, carmaker denies it
July 17, 2009 | 04:07pm CEToriginalAccording to the German press his successor should be decided in the near future. For the present, he might be replaced by...
read moreNissan and Honda to increase production capacities by 20% in China
July 17, 2009 | 12:21pm CEToriginalThe reason is strong demand on the local market. The increase of the carmaker’s production will be reached by adjusting shift operation and by signing up new employees…
read moreCSOB Pojistovna: Most car accidents happened in Ostrava and Prague in H1
July 17, 2009 | 11:11am CEToriginalKladno was the worst for motorcyclists, and thus replaced Most. Conversely, the most safely were driving motorists of passenger cars from…
read moreEU car production down by 35% in Q1, scrap bonus only reduced the drop
July 17, 2009 | 09:39am CEToriginalProduction of passenger cars declined by 31% whereas production of commercial vehicles by 57%. Over the whole year 2009 ACEA estimates a downturn by...
read moreFord and Mazda opened joint car plant in Thailand
July 16, 2009 | 09:10pm CEToriginalThe investment amounted to USD 500 million. The plant with annual production capacity of 100,000 cars will be producing...
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Source: ECB, November 21, 2024