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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
Fiat obtained EUR 400 million loan from EIB for development of more eco-friendly cars
June 17, 2009 | 12:28pm CEToriginalFiat acquired the credit under the EIB's European Clean Transport Facility focusing on support...
read moreSecond Audi Terminal in Czech Rep and sixth brand showroom in capital to be built in Prague
June 16, 2009 | 09:55pm CEToriginalIt started to be built by the new authorized Audi dealer, already the 16th in the Czech Republic. The dealer also obtained a license to service Audi R8 cars. This is a company...
read moreSales of passenger cars in Europe fell by 4.9% in May
June 16, 2009 | 08:10pm CEToriginalScrap bonus prevented from a significant decrease in many countries. The registrations in the Czech Republic increased by 20.5%, in Slovakia, even by...
read moreGeneral Motors confirmed Saab sale to small-lot manufacturer Koenigsegg
June 16, 2009 | 07:42pm CEToriginalBoth sides signed a preliminary agreement and the sale should be concluded by the end of Q3. The agreement supposedly contains...
read moreUniCredit Leasing expanded vehicle financing portfolio for brand Kogel in the Czech Rep
June 16, 2009 | 07:16pm CEToriginalFinancial company therefore entered trailers segment after the cars and trucks segments. It began offering scrap bonus as first in it...
read moreBosch expects downturn of revenues for automotive components by about 20% due to crisis
June 16, 2009 | 06:33pm CEToriginalThe decline in automotive division was 7% last year. Over this year the group expects the first consolidated loss...
read morePrices of transport manufacturers down by 0.1% m/m in May, up by 0.3% y/y
June 16, 2009 | 05:26pm CEToriginalTotally, prices of industrial manufacturers declined by 3.8% y/y in May which represents the most distinct year-to-year fall since...
read moreVolkswagen Polo: Three- or five-door version got basic price under CZK 250,000
June 16, 2009 | 05:02pm CEToriginalThere is a five-door hatchback being sold from CZK 249,900 in the meantime. A three-door version will be introduced at the Frankfurt Motor Show and will be priced at...
read moreUOHS allowed US fund Platinum to take over company Alcoa Fujikura Czech as expected
June 16, 2009 | 12:18pm CEToriginalPlatinum has taken over the Czech producer of cable harnesses for cars by means of a Luxembourg company Project Del Holding...
read moreFormer member of General Motors executives Bo Andersson to lead Russian carmaker GAZ
June 16, 2009 | 10:35am CEToriginalAndersson unexpectedly decided to leave GM last week, not giving any reasons. GAZ yet appears in planned Magna’s entry into the carmaker Opel...
read moreSumitomo Corporation continues in damping automotive activities in Central Europe
June 15, 2009 | 08:27pm CEToriginalSE Bordnetze, a producer of cable harnesses for cars, will reportedly cease production in Slovakia. The company has though denied that. Conversely, it prepares…
read moreBMW tightened up sale conditions for car brand Mini, dealers must have separate showroom
June 15, 2009 | 07:56pm CEToriginalTherefore there are only two authorized dealers of Mini in the Czech Republic currently—a Prague-based company AuTec Group and a Brno-based company Renocar, which is soon opening...
read moreScrapyards: Scrap bonus to worsen situation in jalopy treatment field
June 15, 2009 | 05:46pm CEToriginalEnvironmental liquidation of old cars is unprofitable, among others, due to a decrease in purchasing raw material prices. Companies are not planning to invest before the scrap bonus introduction...
read moreHyundai i30 ISG: For fuel consumption decrease by 7% surcharge CZK 7,000
June 15, 2009 | 05:30pm CEToriginalBasic price of Hyundai i30 model with a start-stop system is CZK 341,900, and CZK 391,900 in estate version. At the same time, Hyundai reduced the prices of i30 model range...
read moreOver 60,000 people applied for scrap bonus in Great Britain over a month
June 15, 2009 | 05:04pm CEToriginalThe government have set apart GBP 300 million for the scrappage scheme so they are ready for supporting sales...
read moreMann+Hummel coming with new module of diesel fuel filter
June 15, 2009 | 02:04pm CEToriginalComponents of the filter are suitable for all sorts of fuel quality. For the first time, the new system of fuel filtering will be used in a PSA/Ford diesel engine...
read moreQatar close to taking over share in German carmaker Porsche
June 15, 2009 | 09:53am CEToriginalAn agreement with Qatar is reportedly supported by majority of the Porsch and Piech families. The decision on selling the share could be made...
read moreEC: Support of US carmakers could harm global trade
June 14, 2009 | 10:20am CEToriginalA confidential report of EC criticizes support of the carmakers General Motors and Chrysler, but also anti-crisis measures in some other states such as...
read moreBrno Motor Show visited by around 130,000 people, about 15,000 less than two years ago
June 13, 2009 | 12:38pm CEToriginalAt the time of economic crisis, organizers however consider this attendance a success. Number of exhibitors...
read moreDenny: Used car prices at minimum and not to fall onwards
June 13, 2009 | 12:16pm CEToriginalOn the contrary, they might increase according to him. Within the market’s lowest car price guarantee the company compared prices with competitors for the first week in...
read moreToyota iQ started being sold from CZK 339,900 (EUR 12,750) in Czech Rep and Slovakia
June 12, 2009 | 08:52pm CEToriginalFirst demonstration cars are available at dealers in large cities only. A stronger engine 1.33 L (74 kW) is available with a start-stop system for...
read moreHradek-based Trelleborg acquired new orders from VW Group and BMW Group
June 12, 2009 | 02:52pm CEToriginalThe company is going to hire 60 new employees; it employs about 360 people. The company has acquired new orders for cars…
read moreSaab to be bought by Swedish carmaker Koenigsegg and Norwegian investors
June 12, 2009 | 12:26pm CEToriginalBoth parties have reportedly signed a preliminary agreement yesterday and should definitely announce the deal in…
read moreCrisis made luxury car dealers reduce prices rapidly in Russia
June 12, 2009 | 12:08pm CEToriginalFor instance the company Mercury, which represents the brands Bentley, Bugatti, Ferrari, Maserati and Lamborghini in Russia, is now selling out stock cars from the last year...
read moreChanges in Ford in Olomouc: The new and the only authorized dealer is Cars Morava
June 11, 2009 | 11:58pm CEToriginalOther dealers have agent status only. Cars Morava has opened a new showroom in Olomouc which the company plans to extend. Sale plans make…
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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1 EUR = 1.05 USD
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Source: ECB, November 21, 2024