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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
Biofuel E85 started being sold in Czech Rep, a litre for CZK 25
June 11, 2009 | 11:54pm CEToriginalA first filling station was built in Mlada Boleslav. There is a range of models with drive consuming a biofuel E85, most of them from Swedish carmakers. Skoda Auto...
read moreMagna reputedly aims to cancel 11,600 jobs in Europe
June 11, 2009 | 06:41pm CEToriginalIt has been counted with the abolition of only about 10,000 jobs so far, including 2,500 in Germany. The German government is still in contact with other candidates...
read moreCeske drahy began cooperation with Hertz car rental, car to be laid on station
June 11, 2009 | 05:56pm CEToriginalSo far, the offer is valid for five stations in four major cities, where Hertz has set up a meeting point. Ceske drahy customers will get a discount...
read moreThird interested company in carmaker Saab is US investment company Merbanco
June 11, 2009 | 05:21pm CEToriginalIn late May Swedish media were talking about the Italian carmaker Fiat apart from Koenigsegg and Renco Group. GM has two options considerng the sale of Saab...
read moreUniCredit Leasing extended offer of BMW car financing with lower interest
June 11, 2009 | 04:51pm CEToriginalThe offer for physical and corporate entities is valid till September but was supposed to be valid till the end of June. The special offer concerns the models...
read moreMedian: Czechs appreciate scrap bonus but are not likely to buy new car
June 11, 2009 | 11:52am CEToriginalAlmost 61% polled consider the scrap bonus a good thing. However, people are less enthusiastic about using the bonus...
read moreChrysler and Fiat founded alliance, US court rejected appeal of objectors to transaction
June 11, 2009 | 10:25am CEToriginalFiat will acquire a 20% share in a new company entitled Chrysler Group LLC. For the share the carmaker will provide Chrysler...
read moreBRNO: Foxcar did not succeed with Pagani brand, dealership for Czech Rep acquired by A. Charouz Motors
June 10, 2009 | 11:20pm CEToriginalThe company from Antonin Charouz's automotive group is now considering where they will be offering Pagani cars. There are two possible localities...
read morePassenger car sales up by 46.8% in China in May
June 10, 2009 | 10:02pm CEToriginalChina might replace the United States as the world’s largest car market this year. The overall car sales should overrun a bound…
read moreRevenues of super sports car manufacturer Lamborghini fell by 30% in Q1
June 10, 2009 | 09:35pm CEToriginalThe carmaker expects revitalization of the market as late as 2011. The carmaker should remain profitable this year if the revenues do not drop by more than…
read moreJahn: Way out of crisis in automotive industry can last for up to 5 years
June 10, 2009 | 09:10pm CEToriginalAccording to Jahn, consolidation of carmakers and suppliers will turn up because global car production is currently beyond capacity of the market by about...
read moreTurkey aims to increase car parts’ import in Czech Rep from last year's EUR 35 million
June 10, 2009 | 08:10pm CEToriginalLocal automotive suppliers are already supplying Hyundai in Nosovice and Volkswagen in Germany. In the Czech Republic, they would also like to supply...
read morePrices of cars sold on Czech market became cheaper m/m in May
June 10, 2009 | 06:25pm CEToriginalNew cars and motorcycles became slightly cheaper, used car prices stagnated. Service work and spare parts and accessories...
read moreFormer head of AT&T, Ed Whitacre to be new board chairman of GM
June 10, 2009 | 03:13pm CEToriginalHe will take charge of the new post as soon as the carmaker gets from the bankrupt mode. The current chairman of the managing board Kent Kres…
read moreCar prices in EU fell by 3.1% in 2008, falling in 23 of 27 Union states
June 10, 2009 | 02:31pm CEToriginalPrices in the euro area fell less than in the whole Union. The drop in the Czech Republic amounted to 13%, in Slovakia…
read morePorsche negotiate carmaker's quarter share sale to Qatar
June 10, 2009 | 02:24pm CEToriginalThe negotiations are according to Porsche under way exclusively with Qatar and in an advanced stage. The agreement of sale might be announced...
read moreBRNO: Juricek: About 40 Czech automotive suppliers have claims of CZK 1 to 2 billion at GM
June 9, 2009 | 07:23pm CEToriginalMany component manufacturers supply directly to the GM in the USA. The problem with the insolvency is not applying to Opel. Specifically, Brano Group has claims at GM for...
read moreBRNO: Car production in Czech Rep to increase by 10% this year and exceed 1 million for first time
June 9, 2009 | 06:38pm CEToriginalThe growth will be caused by Hyundai mainly, but also by TPCA. The Kolin-based carmaker plans weekend shifts similarly to Skoda Auto...
read moreWMS Flocktechnik leavïng Czech Rep due to crisis, over 50 people lost their jobs
June 9, 2009 | 03:20pm CEToriginalThe company has already ceased production in Humpolec and asked the court for declaration of insolvency. The reason is a decline of orders...
read moreOpel's dealers want to help their own carmaker
June 9, 2009 | 02:17pm CEToriginalThey offer a bail out amounting to EUR 500 million in exchange for a share in Opel. The proposition is supported by dealers from 24 European countries including the Czech Republic and Slovakia...
read moreSkoda Yeti: In sale from CZK 449,800 in Czech Rep from today, AWD version from CZK 459,800
June 9, 2009 | 08:39am CEToriginalThe first ordered cars will be delivered in the second half of July. The basic motorization 1.2 TSI (77 kW) and a transmission DSG will come into market as late as...
read moreMay's sales of German premium brands: The least drop has Audi, the deepest BMW
June 8, 2009 | 11:25pm CEToriginalSales of the carmaker Audi declined by 6.1%, Mercedes' by 12% and BMW's by 18.3%. The carmaker BMW though sees a possibility of improvement this year...
read moreBRNO: Skoda Auto decreased global sales by 13.8% to 260,000 cars from January to May
June 8, 2009 | 11:06pm CEToriginalThe car sales in the Czech Republic fell to more than 20,000 cars. Thanks to the scrap bonus, Skoda Auto ensures the production of small cars in advance for…
read moreQatar supposedly thinks of share purchasing in Volkswagen besides Porsche
June 8, 2009 | 08:03pm CEToriginalVolkswagen would support such a step, because it might accelerate the process of integrated group formation consisting of Volkswagen and Porsche...
read moreAAA Auto renewed scrap bonus, Auto Esa still offering it, but with higher bonus
June 8, 2009 | 07:39pm CEToriginalEvery fourth showrooms’ visitor enquires about the scrap bonus at AAA Auto. Auto Esa has increased the scrap bonus from EUR 300 - 1,000 up to...
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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Source: ECB, November 21, 2024