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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
AAA Auto posted net loss of EUR 880,000 in Q1, in the Czech Rep and Slovakia profit
May 30, 2009 | 12:29am CEToriginalRevenues due to abandonment of the three foreign markets fell by 54.3%. The company aims to reach a consolidated net profit in...
read moreCreditors of General Motors agree with new proposal for exchange of obligations for stocks
May 29, 2009 | 10:25am CEToriginalNone the less, the carmaker intends to ask for protection against creditors. The bankruptcy should last…
read moreSlavia pojistovna to offer insurance Krystof to damage liability free of charge for one year
May 29, 2009 | 09:52am CEToriginalThe client will thus save CZK 1,500 and if he/she drives without offences in the following years, he/she will be offered a discount...
read moreSkoda Auto increased production of Fabia and Roomster models and also number of workers from VW Slovakia
May 29, 2009 | 08:30am CEToriginalDaily production of the Fabia model rose by 200 to 1,200 cars. To 250 employees from Bratislava-based plant of Volkswagen came this week…
read moreVisteon asked for bankrupt protection from creditors in USA, European activities not affected
May 28, 2009 | 03:27pm CEToriginalIn the following 18 months, General Motors plans to reduce the number of its automotive suppliers in North America from the current 1,500 to...
read moreEuro NCAP: Five out of six cars tested with the maximum number of stars, Suzuki Alto failed
May 28, 2009 | 01:58pm CEToriginalFive stars received Audi Q5, Honda Jazz, Hyundai i20, Kia Soul and Peugeot 3008. Suzuki Alto achieved a rating...
read moreSales of commercial vehicles down by 42.4% in Europe
May 28, 2009 | 12:19pm CEToriginalRegistrations dropped by 36.5% y/y in Western Europe. In new EU member states…
read moreNegotiations on Opel without solution, General Motors closer to bankruptcy
May 28, 2009 | 11:36am CEToriginalFiat and Magna has obtained a status of prospective applicants. The European Commission wants to discuss Opel. The first proceedings will…
read morePoland aims to get rid of old cars by environmental tax introducing, scrap bonus probably not to take effect
May 27, 2009 | 08:28pm CEToriginalEnvironmental tax is intended to cover all the cars up to 3.5 tonnes. The fee for 15-year-old car may amount to...
read moreAAA Auto to introduce lowest price guarantee as of June
May 27, 2009 | 04:45pm CEToriginalThe lowest price guarantee comes after the food and electronics also to the car sales segment. The guarantee can be applied in AAA Auto till...
read moreLexus IS 250C: Second coupe-cabrio coming with price from CZK 1.289 million to Czech market
May 27, 2009 | 04:23pm CEToriginalUnder the bonnet there is approved 6-cylinder petrol 2.5L (153 kW). The first ordered cars will arrive in the Czech Republic in...
read moreCebia launched system allowing to obtain complex information about car’s origin and history
May 27, 2009 | 01:41pm CEToriginalAutotracer system can verify the origin of the car, year of production, service history, or kilometres passed. The price of one car verification is...
read moreChinese company Beijing Automotive Industry additionally submitted bid for entrance to Opel
May 26, 2009 | 09:32pm CEToriginalThe Chinese company would keep the branches in Germany and would not dismiss its employees. The Government will publish a preliminary decision on the best offer on...
read moreToyota iQ: World’s smallest 4-seated car to be sold also in Czech Rep and Slovakia
May 26, 2009 | 08:54pm CEToriginalToyota has not been originally calculating with the iQ model import on those markets. Sales will begin in June, the car price is...
read moreSkoda Auto extended its offer of assistance services for Mobility Warranty Premium
May 26, 2009 | 06:32pm CEToriginalA new service is free of charge for newly purchased cars; for the cars purchased earlier the service is for a fee. It also covers matters caused by one's own fault such as...
read moreBridgestone: One third of Czech and EU drivers commonly drive with under-inflated tyres
May 26, 2009 | 01:23pm CEToriginalOther way round every twentieth driver has too high pressure in the tyres. Insufficient depth of tyre pattern...
read moreLondon to start testing intelligent speed limiter in cars
May 26, 2009 | 12:43pm CEToriginalDuring a six-month testing a bus and a cab will also be tested. The system was developed by the Danish company...
read moreDecision on Opel to be made by mid-week, interested subjects still improving offers
May 25, 2009 | 09:57pm CEToriginalIn case of inconvenient offers Germany's Economy Minister Guttenberg would be in favour of...
read moreThe only Toyota car dealer in West Bohemia Dajbych ceased cooperation with importer
May 25, 2009 | 09:23pm CEToriginalPilsen-based dealer, specialized in 4x4 cars, is now negotiating with potential partners. Pilsen might be entered by the company...
read moreCSOB Leasing: Run for leasing increased threefold due to VAT sheet for passenger cars
May 25, 2009 | 08:15pm CEToriginalThe company used legislative change for a scheme within which it offers a shifter lock along with the financing. Since the beginning of April the company has concluded...
read moreSales and revenues of Auto Esa increased by 17% from Jan till Apr
May 25, 2009 | 06:36pm CEToriginalThe growth is according to the company caused by the car price reduction, new financing offers and own scrap bonus. Auto Esa plans to sell this year...
read moreVolkswagen Golf Variant: Fourth bodywork version of new Golf on sale from EUR 18,500
May 25, 2009 | 06:14pm CEToriginalExtra charge amounts to EUR 2,000 in comparison with the 3-door hatchback. The sale in the Czech Republic and Slovakia will begin…
read moreSkoFIN offers prolonged guarantee for used Volkswagen cars till end of year
May 25, 2009 | 02:34pm CEToriginalSkoFIN has not registered any drop of sales of used cars. The number of contracts increased by 25% in Q1 while the number of credits grew by even...
read moreKalousek: Scrap bonus initiation is asocial and immoral
May 25, 2009 | 10:45am CEToriginalFinance Minister Eduard Janota agrees with Kalousek but makes reference to...
read moreFinance Minister Janota: Scrap bonus money volume to be CZK 2.5 billion at most
May 24, 2009 | 08:16pm CEToriginalThe scrap bonus launching is now depending on the government. The mentioned amount would according to the selected drive satisfy...
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Source: ECB, November 21, 2024