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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
Skoda Auto doesn’t catch up with demand due to scrap bonus, Fabia's waiting time till holiday
March 18, 2009 | 08:50pm CEToriginalThe carmaker is producing the small cars, engines and transmissions at the maximum production capacity. Extra working Saturdays…
read moreVolkswagen Slovakia’s profit up at EUR 283.5 million in 2008 on back of euro adoption
March 18, 2009 | 08:33pm CEToriginalVolkswagen Slovakia last year saw its profit up at EUR 283.5 million mainly due to...
read moreBrose plans to invest CZK 400 million into a new production plant in Trutnov
March 18, 2009 | 07:42pm CEToriginalGerman company Brose Group aims to move production in Trutnov, East Bohemia, to a brand new plant in the same town…
read moreMercedes-Benz Citaro G BlueTec Hybrid: Diesel-electric hybrid bus to be produced in series in 2010
March 18, 2009 | 07:40pm CEToriginalDaimler will finish testing of the city bus Citaro G BlueTec Hybrid with dieselelectric hybrid drive in 2009. The analysis will be made…
read moreVolkswagen Group to launch more than 20 all-new models by 2010
March 17, 2009 | 08:30pm CEToriginalVolkswagen said the number of new models (product enhancements and successors) the company plans to introduce to the market this year will reach...
read moreAAA Auto: Raised sales in spring make us increase the redemption prices to cars‘ offer replenishing
March 17, 2009 | 08:16pm CEToriginalAAA Auto records increased demand for its vehicles in the Czech Republic due to the spring motor season coming. The company responded by a redemption price rise up to…
read moreGENEVA: BMW Z4: First coupe-cabriolet from Munich in sales from May, from CZK 999,000 (EUR 36,950)
March 17, 2009 | 06:03pm CEToriginalBMW Z4 second generation will offer folding hard top, and therefore only one bodywork coupe-cabriolet version...
read moreEC allowed Czech Rep three programs for acquisition and renewal of vehicles in public transport
March 17, 2009 | 05:33pm CEToriginalAll three programs will be valid till the end of 2014 and will be supported in total...
read moreGENEVA: Lexus RX 450h: Third generation of SUV and second generation of hybrid in sales from mid-May
March 16, 2009 | 11:13pm CEToriginalThanks to many hybrid drive innovations Lexus managed to reduce the average consumption with a total power of 220 kW to…
read moreACEA: European car production might decline by up to 30% in 2009
March 16, 2009 | 09:30pm CEToriginalThe ACEA carmaker association estimates that European passenger car production and commercial vehicle production could this year decline by…
read moreFinancial services more expensive by 0.3% m/m in February
March 16, 2009 | 09:06pm CEToriginalPrices of financial services including insurance raised y/y in February, however, the prices stagnated m/m…
read moreAAA Auto to return to consignment sale, more expensive cars mainly
March 16, 2009 | 08:23pm CEToriginalAlthough the purchasing strategy has changed and the company is now focusing on 15 most selling cars categories, the company aims to sell cars…
read moreSAP: Sales of automotive manufacturers to fall more than payroll this year
March 16, 2009 | 04:54pm CEToriginalAutomotive industry companies are trying to preserve employment at the highest economically acceptable level in the current tough situation...
read morePrices of transport vehicles producers increased by 2.6% in m/m comparison in February
March 16, 2009 | 04:18pm CEToriginalPrices of transport vehicles producers in February rose in y/y and m/m comparison by...
read moreSAP: Czech government’s passivity in supporting automotive industry closes on domestic suppliers
March 16, 2009 | 03:34pm CEToriginalForeign companies are displeased with the Czech Republic having not initiated the scrap bonus yet, while profiting from this measure in other countries...
read moreACEA: Registrations of Skoda in Europe down by 8.8% in February, market share up though
March 13, 2009 | 07:33pm CEToriginalPassenger cars registrations in the Czech Republic decreased by 7.7% y/y in February, in Slovakia by 37.9% though...
read moreACEA: Demand for new passenger cars in Europe decreased by 18.3% in February
March 13, 2009 | 07:12pm CEToriginalDemand for new passenger cars in Europe decreased by almost one fifth in February. The fall in Western Europe was reduced by…
read moreGENEVA: If a next Skoda model is being produced in Russia, then Yeti rather than Superb
March 13, 2009 | 05:36pm CEToriginalThe production plant of Volkswagen and Skoda Auto carmakers in Russian Kaluga will go over to a higher CKD degree assembly…
read moreGENEVA: Saab 9-3X: Off-road version to come into Czech and Slovak markets in mid-2009
March 13, 2009 | 03:16pm CEToriginalSaab revealed an off-road version of its 9-3 station wagon. Sales in Europe will begin in April, the car will come on the Czech and Slovak markets...
read moreGENEVA: Fisker Karma S: Hybrid coupe-cabriolet now available for order, delivery in late 2011
March 12, 2009 | 07:39pm CEToriginalProduction of the Fisker second hybrid model will be initiated in 2011. The carmaker has just started accepting the orders…
read moreInfiniti records already 25 orders in the Czech Rep, showroom in Pruhonice to open at the end of March
March 12, 2009 | 06:29pm CEToriginalAuto Palace company launched Infiniti cars in the Czech Republic. Only two petrol engines are currently available, in 2010 will be completed by…
read moreHonda Insight: Sale of Hybrid is just starting in Europe, in the Czech Rep and Slovakia in summer
March 12, 2009 | 03:57pm CEToriginalHybrid model Honda Insight is starting to sell in Europe, on the Czech and Slovak market arriving in summer. The basic price is…
read moreOperating profit of Skoda Auto down by 20.6% to EUR 565 million last year
March 12, 2009 | 12:43pm CEToriginalCzech carmaker Skoda Auto decreased its operating profit by 20.6% to EUR 565 million last year. Cause of the decline is…
read moreRecticel initiated production in Most, order for Mercedes to be completed with another project next year
March 11, 2009 | 10:30pm CEToriginalThe company has initiated a manufacture in a new Czech facility. Production for Mercedes-Benz E-Class began in January 2009, the company is setting up a production for…
read moreToyota developed center rear seat airbag
March 11, 2009 | 07:19pm CEToriginalToyota was the first in the world to develop center rear seat airbag. It will first appear in a new model…
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EXCHANGE RATES
1 EUR = 1.06 USD
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Source: ECB, November 20, 2024