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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
Vladimir Vosicky back in Czech Rep after one and half year, moving from Ford to Peugeot
July 10, 2009 | 10:53am CEToriginalManager, whose career is entirely linked with the brand Ford, will be in Peugeot in charge of...
read moreBAIC submitted attractive bid for Opel, agreement with Magna close to completion though
July 9, 2009 | 02:44pm CEToriginalCompared to Magna, BAIC would dismiss less employees in Europe, ask for a lesser loan and invest in production of Opel cars in...
read moreCar sales in Slovakia up by 28% in June thanks to scrap bonus
July 9, 2009 | 02:05pm CEToriginalResults of sales in the last months helped wipe out losses of the segment from the beginning of this year. In H1 number of registered cars...
read moreBritish authorities to investigate MG Rover’s fall
July 9, 2009 | 01:06pm CEToriginalIt has been taken over by the Chinese carmaker Nanjing Automobile in 2006. The opposition believes that the former government supported MG Rover before the elections in order to...
read moreFiat finally agreed on car production in China, has been importing cars there so far
July 9, 2009 | 12:11pm CEToriginalThe Italian carmaker will establish a joint venture with local company Guangzhou Automobile Group. The first manufactured model will be...
read moreAlcoa Fujikura Czech (AEES Stribro) agreed on compensation with trade unions
July 8, 2009 | 03:12pm CEToriginalIf employees agree on the termination of the employment by a contract agreement to July 17, they will receive compensation in the amount of...
read moreSales of new cars in Czech Rep down by 12.4% to 92,100 cars in H1
July 8, 2009 | 08:48am CEToriginalPassenger car sector grew while other categories fell. Dealers believe the considered scrappage scheme will revitalize market and also...
read morePorsche rejects more investors’ interest in Volkswagen shares
July 7, 2009 | 08:52pm CEToriginalAlthough Porsche conducts exclusive investment negotiations with Qatar, there appeared further five candidates. They want to buy...
read moreHyundai needs 150 more people for start of second shift in Nosovice
July 7, 2009 | 08:03pm CEToriginalTherefore, the carmaker is going to intensify recruitment of new employees in July. Date of initiation of the second shift is not clear yet. Production on three shifts will begin on...
read morePSA Peugeot Citroen decreased sales by 17.5% in H1
July 7, 2009 | 06:39pm CEToriginalIncluding cars in a dismantling state, which the carmaker supplies to the assembly abroad, sales decreased by 14%. The 2H sale could be supported by new models...
read moreLear declared bankruptcy
July 7, 2009 | 05:55pm CEToriginalThe company within the reorganization intends to convert its debts of USD 3.6 billion to a combination of new debts, convertible shares and...
read moreDiscussions of Alcoa Fujikura and trade unions brought no progress today, strike is ready to start
July 6, 2009 | 10:48pm CEToriginalTalks about a higher compensation will continue on Tuesday. If there is no outcome, the strike might begin...
read moreVolkswagen increased sales by 6% in June, sale declined by 5.1% in H1
July 6, 2009 | 02:05pm CEToriginalThe global market fell by about 18 % in H1. Volkswagen CEO Martin Winterkorn assumes that this year there should be sold in the world...
read moreJapan began to solve problem with great silence of hybrid cars
July 6, 2009 | 01:39pm CEToriginalCommission established by the Ministry of Transport has to compile a report regarding the problem until the end of the year. The result may be an obligation for carmakers...
read moreHyundai increased total sales by 9.6% in June, thanks to domestic sales mainly
July 5, 2009 | 09:09pm CEToriginalSouth Korean exports went down by 18.4% to 83,702 cars whereas sales of cars manufactured in foreign plants grew by...
read moreEven people affected by floods can acquire Citroen’s scrap bonus
July 5, 2009 | 08:25pm CEToriginalNamely in case of either having their car insured or uninsured. Citroen’s scrap bonus in combination with the Bonus leasing has thus brought down price of the smallest Citroen to…
read moreAlcoa Fujikura unions in Stribro declared strike alert
July 5, 2009 | 05:18pm CEToriginalIf further negotiations of the compensation amount for dismissed workers are not successful, trade unionists are ready to go on strike...
read moreChinese company BAIC also fighting for Opel besides RHJ
July 5, 2009 | 05:03pm CEToriginalRHJ and BAIC submitted preliminary bids for Opel share and are still negotiating with GM. Binding offer...
read moreTPCA continues in production rise, production increased by 0.6% in H1
July 4, 2009 | 02:56pm CEToriginalFor this whole year, TPCA is again estimating the production growth compared to last year's 324,289 cars. It could be more than...
read morePrices of new cars the lowest in history in Czech Rep, not to go down any more
July 4, 2009 | 12:36pm CEToriginalMore than 12 models are cheaper than CZK 200,000; prices of 50 other cars do not exceed CZK 250,000. Until winter prices of new cars will be...
read moreSeat: Scrap bonus to cause drop of new car sales to record-breaking minimum 2.6 million in Germany next year
July 4, 2009 | 11:51am CEToriginalSales grew by 40% in June—equally to May. In the next months the association VDIK expects...
read moreBMW to limit production in second half of the year too
July 4, 2009 | 11:03am CEToriginalAn exception is BMW plant in Dingolfing where production of a new car BMW 5 Gran Turismo will begin in autumn. In Q1 the carmaker managed with...
read moreSkoda Auto to invest in electric car development, Superb to be rebuilt
July 3, 2009 | 10:51pm CEToriginalThis is one of the activities of the Volkswagen Group in the field of alternative drives, which is working on the development of electric cars...
read moreRussian truck manufacturer Kamaz at risk of bankruptcy
July 3, 2009 | 03:18pm CEToriginalThe company has not observed the terms for repaying loans and its creditors can now apply for a preliminary pay-off. Kamaz would not solve it even by...
read moreRenocar opened first separate showroom of Mini in Czech Rep in Brno
July 2, 2009 | 07:19pm CEToriginalThe new Mini centre has grown next to BMW showroom. At the same time Renocar has opened another showroom in which sales of...
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EXCHANGE RATES
1 EUR = 1.05 USD
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1 EUR = 25.35 CZK
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Source: ECB, November 21, 2024