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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
Demand for new utility vehicles in Europe dropped by 32.9% in March
April 24, 2009 | 01:28pm CEToriginalCzech registrations of new commercial vehicles decreased by 44.3%, in Slovakia by 45.4%. Registrations fell throughout Q1 by…
read moreHyundai’s profit dropped by 42.7% in Q1 along with sales revenues decline by 26.4%
April 24, 2009 | 11:39am CEToriginalThe results were though better than expected by analysts mainly due to the weak won. Profit margin has dropped to…
read moreGeneral Motors to close 13 plants in USA and Mexico temporarily
April 24, 2009 | 10:58am CEToriginalThe closures will be under way from May till July. Their duration will vary according to a particular plant. GM intends to cut production this way by...
read moreCourt in Usti halted insolvency proceedings in BTV plast
April 23, 2009 | 11:43pm CEToriginalLiberec-based company Eurostav, which initialized the proceedings on April 20, has...
read moreFiat intends to take over Opel, according to works council
April 23, 2009 | 11:04pm CEToriginalFiat might sign a preliminary agreement on purchase of Opel's major share already on...
read moreFaurecia suspended expansion in Czech Rep, projected plant in Karvina not to be built
April 23, 2009 | 09:39pm CEToriginalProjects that were supposed to constitute the Karvina-based plant's production have been transferred or remained in other plants manufacturing exhausts of the Faurecia group...
read moreSvejnar: Scrap bonus is asocial measure, supports car owners only
April 23, 2009 | 07:58pm CEToriginalA prospective initiation of scrap bonus in the Czech Republic will have no big positive effect on the economy, according to Svejnar, because...
read moreCrisis marked also the regional Liberec Motor Show
April 23, 2009 | 07:23pm CEToriginalThere are 12 brands displayed at the 19th year of the motor show, which has started on Wednesday. The exhibitors present here…
read moreSkoda Auto considers Fabia model ‘s production also in Vrchlabi
April 23, 2009 | 06:44pm CEToriginalFabia models are currently the most required due to the scrap bonus and the carmaker does not want to lose customers because of the long waiting time. In March, the Fabia model’s sales amounted to...
read moreFiat fell in loss of EUR 410 million, negotiating with Chrysler further on
April 23, 2009 | 05:11pm CEToriginalThe reason was rapid decline of car sales caused by the global economic crisis. Fiat's revenues have declined by...
read moreToyota's sales dropped by 27% to 1.767 million cars in Q1
April 23, 2009 | 04:35pm CEToriginalToyota has thus kept position of the largest car dealer in the world ahead of the competing Volkswagen with a difference of...
read moreKnorr Bremse to move production from Hejnice to Liberec
April 23, 2009 | 04:06pm CEToriginalAbout 250 employees should not lose their jobs. The reason for this shift is the impossibility of further expansion; the company should leave Hejnice in...
read moreRenault to produce its new diesel engine 1.6 dCi (96 kW) in France
April 23, 2009 | 09:22am CEToriginalA new engine will substitute the current aggregate 1.9 dCi (96 kW). Renault thus follows strategy of downsizing...
read moreSAP: 30% of passenger cars still without catalyst in Czech Rep
April 22, 2009 | 11:21pm CEToriginalBesides 1.32 million cars without catalyst older than 15 years, there are other 600,000 cars driving on the Czech roads which only meet the standard...
read moreGlobus to offer insurance, including car insurance in its hypermarkets
April 22, 2009 | 11:08pm CEToriginalGlobus will be offering household insurance, car insurance and travel insurance in special booths in its stores. The partner will be...
read moreUK to provide motorists with scrap bonus of GBP 2,000
April 22, 2009 | 10:27pm CEToriginalTo get the scrap bonus, motorists will have to scrap a car older than 10 years. The British Government has allocated for the scrap bonus...
read moreVolkswagen decreased net profit by 73.8% at revenues fall by 11% in Q1
April 22, 2009 | 09:24pm CEToriginalThe company was in the black mainly due to the sale of Brazilian division of MAN, which contributed to the overall outcome by a sum...
read moreDuring three weeks 400 drivers took advantage of scrap bonus at AAA Auto in Czech Rep
April 22, 2009 | 08:32pm CEToriginalIn most cases, owners of the old Skoda Favorit/Forman and Skoda 105/120 cars take advantage of the discount of up to CZK 50,000. Newly they purchase...
read moreVolvo AB dismissing over 1,500 employees and other 100 co-workers in Sweden
April 22, 2009 | 07:58pm CEToriginalThe wave of dismissal in Volvo AB concern, which does not involve division of passenger cars, will hit mostly the division...
read moreVolkswagen: Small car on a VW Up! basis to be produced in Bratislava
April 22, 2009 | 03:35pm CEToriginalThe Group will invest EUR 308 million. Small car will be produced in 3 and 5-door versions, under brands…
read moreAudi to produce new model Q3 in Spanish plant of Seat
April 22, 2009 | 02:20pm CEToriginalAudi will invest around EUR 300 million in the Seat’s factory in Barcelona. The production will start there...
read moreRevenues of PSA Peugeot Citroën fell by 24.8% in Q1
April 22, 2009 | 01:47pm CEToriginalSales of PSA’s ready-made cars decreased in Q1 by 23.5% to 619,000 units. After including supplies of non-assembled cars...
read moreChrysler's creditors reputedly propose change of debt part for stocks
April 22, 2009 | 12:52pm CEToriginalCreditors have suggested Chrysler and the US Ministry of Finance an offer in which they propose to exchange the debt of USD 2.5 billion for a share...
read moreFewer brands to be presented at the Bratislava Motor Show this year
April 21, 2009 | 07:53pm CEToriginalVisitors will be able to see models from 38 producers from Wednesday, April 22, while in 2008 there were...
read moreSlovak Kia Motors's plant increased revenues by 24% to EUR 2.23 billion
April 21, 2009 | 07:26pm CEToriginalThe car production in Zilina-based factory increased by 38% to 201,000 cars. This year...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
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e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
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Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
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SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
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Brano aims to develop its own electric vehicle, later might start producing it
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Source: ECB, November 20, 2024