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Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 16.8% to EUR 193 billion in 2023 (2022: EUR 165 billion), but number of employees decreased by 0.3% to 405,600. Largest companies in sector include Škoda Auto (EUR 23.45 billion, +31%; 34,884 people, -1%), Volkswagen Slovakia (EUR 11.76 billion, +21%; 10,566, -3%), Audi Hungaria (EUR 9.1 billion, +8%; 12,766, -1%), Kia Slovakia (EUR 8.01 billion, +19%; 3,607, +1%), Hyundai Motor Manufacturing Czech (EUR 7.64 billion, +13%; 2,852, +5%), Volkswagen Poznań (EUR 5.74 billion, +14%; 9,824, +4%), Automobile-Dacia/Renault (EUR 5.23 billion, +1%; 11,457, -6%), Mercedes-Benz Manufacturing Hungary (EUR 5.08 billion, +28%; 4,765, -1%), Toyota Central Europe (EUR 4.94 billion, +30%; 107, -4 %), Volkswagen Group Polska (EUR 4.93 billion, +35%; 644, +4%), FCA Poland/Stellantis (EUR 3.54 billion, +33%; 2,326, +5%), MAN Trucks Sp. z o.o. (EUR 3.41 billion, +68%; 2,245, +48%), PCA Slovakia (EUR 3.28 billion, -10%; 3,072, -13%), Toyota Motor Manufacturing Czech Republic (EUR 2.98 billion, -5%; 3,228, -9%), Magyar Suzuki (EUR 2.87 billion, +34%; 2,937, +3%), Continental Barum (EUR 2.85 billion, +0%; 4,374, +1%), Ford Otosan Romania (EUR 2.75 billion, -2%; 5,581, +0%), Mercedes-Benz Manufacturing Poland (EUR 2.62 billion, +24%; 1,384, +4%), PKP Polskie Linie Kolejowe (EUR 2.59 billion, +17%; 41,415, -1%), Mobis Automotive Czech (EUR 2.53 billion, +35%; 1,485, +16%), Polskie Linie Lotnicze LOT (EUR 2.33 billion, +22%; 1,240, -3%), Mercedes-Benz Polska (EUR 2.09 billion, +21%; 158, +0%), Mobis Slovakia (EUR 1.98 billion, +10%; 2,136, -0%), Continental Automotive Czech Republic (EUR 1.89 billion, +2%; 5,042, -17%), Volkswagen Motor Polska (EUR 1.88 billion, +33%; 1,254, +2%), BMW Vertriebs GmbH Sp. z o.o. Oddział w Polsce (EUR 1.67 billion, +14%; 74, -4%), Robert Bosch SRL (EUR 1.64 billion, +16%; 5,875, +13%) and other firms of Volvo, Scania/Traton, Porsche/Volkswagen, Iveco/CNH, Solaris/CAF, Michelin, Autoliv, ZF, Tigar Tyres, Motherson, Valeo, Sungwoo, Schaeffler, BorgWarner, Faurecia/Forvia, Pirelli, Auto Partner, Hankook, Lear, Brembo, Adient, Denso, České dráhy, PKP Intercity, Raben, DPP, Amazon, Arcturus, Havi, Tallink, Wielton, Plichta, Waberer’s groups. High labour costs encourage businesses to be more open to automatization, robotization and higher productivity levels that come with this, Coface said
November 25, 2024 | 11:34am CETflashread more
ACEA: New car registrations in EU up by 1.1% in October (Volkswagen +12.6%; Stellantis -16.7%; Renault -0.4%; Hyundai -7.5%; Toyota +13.7%; BMW +0.8%; Mercedes-Benz +2.6%; Ford -13.6%; Volvo Cars +22.5%; Nissan -8%; Tesla -23.1%; SAIC -10%; Suzuki -10.5%; Mazda -12.8%; Jaguar Land Rover -22.1%; Honda -10.4%; Mitsubishi +8.6%), individual fuel/power types successful differently (BEV -4.9%, PHEV -7.9%, HEV+MHEV +19.8%, FCEV+NGV/CNG+LPG+biofuel/ethanol +2.5%, petrol -4.7%, diesel -10.8%)
November 25, 2024 | 11:25am CETflashread more
JATO Dynamics: Electric (rechargeable) vehicle sales in Europe (28 countries) up by 1.9% to 251,442 units (168,618 BEVs, +7%; 82,824 PHEVs, -7%) in October, representing 24.2% share in total registrations (penetration, +0.5pp). Škoda Enyaq (9,977 cars, +44%) was best-selling battery electric vehicle (BEV), followed by Tesla Model Y (8,795, -18%), Volkswagen ID.4 (6,894, +24%), Volvo EX30 (5,360, new) and VW ID.7 (5,330, new). Volvo XC60 (5,881, +57%) was best-selling plug-in hybrid (PHEV), followed by BMW X1 (4,619, +68%), VW Tiguan (4,181, +113%), Ford Kuga (3,298, -29%) and BMW X5 (2,377, +50%)
November 22, 2024 | 11:59am CETflashread more
Industry 4.0 in Practice 2024: National Industry Center 4.0 (NCP 4.0) to hold conference on cutting-edge projects for implementation of Industry 4.0 in Prague, Czechia on December 5 with tour of RICAIP Testbed Prague. Representatives of Škoda Auto, Forvia Hella, Maxion Wheels Czech, Vítkovice Cylinders, Partory Group, Spinbotics, Kinalisoft, SP ČR (Confederation of Industry and Transport of Czech Republic), ČSPÚ (Czech Maintenance Society), VŠB-TU to speak at event
November 22, 2024 | 11:47am CETflashread more
Volkswagen to close Audi plant in Brussels, Belgium (Q8 e-Tron, Q8 Sportback e-Tron; 596,570 sqm; 3,000 employees; 2023: 53,555 BEVs produced) by February 28, 2025, moving production to Mexico (San José Chiapa, Puebla; Q5; 460 hectares; 5,350 employees; 2023: 175,626 SUVs produced). Carmaker offered factory for sale, but none of 26 potential investors (Chinese automakers, commercial vehicle manufacturer) made decision. In June, Audi and Puebla state government said that carmaker to invest EUR 1 billion in electric vehicle projects in Puebla, creating 500 new jobs
November 22, 2024 | 11:41am CETflashread more
JATO Dynamics: Dacia Sandero (21,740 registered vehicles, -3%) was best-selling car in Europe (28 countries) in October, followed by Peugeot 208 (20,389, +40%), Volkswagen Tiguan (17,368, +72%), Renault Clio (16,987, +10%), Toyota Yaris Cross (16,542, +7%), VW Golf (16,455, +34%), Toyota Yaris (15,977, +46%), Kia Sportage (14,677, +8%), VW T-Roc (14,385, +8%) and Škoda Octavia (14,372, +16%). Overall market down by 0.1% to 1.04 million, led by Volkswagen, Toyota, Škoda, BMW, Mercedes, Peugeot, Renault, Audi, Dacia and Kia
November 21, 2024 | 03:47pm CETflashread more
European Hydrogen Week 2024: Representatives of Accelera by Cummins, ACEA, Air Liquide, Battolyser Systems, BloombergNEF, Clean Hydrogen Partnership, Dekra, Deloitte, DG MOVE, EBRD, Engie, EC (European Commission), EP (European Parliament), Greenlyte Carbon Technologies, Hydrogen Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Orlen, Robert Bosch, ThyssenKrupp Nucera, Toyota Motor Europe, TÜV Nord, Uniper to speak at conference on hydrogen trends, technologies, projects in Brussels, Belgium (November 18-22)
November 21, 2024 | 03:36pm CETflashread more
Zebra Group (manufacturer of diesel, electric municipal vehicles with 25 employees in Prague and Hradec Králové, Czechia; over 850 vehicles produced for more than 330 customers since 2014; turnover of CZK 49 million/EUR 1.9 million in FY 2023) started to use financing from Venture Club (280-member investor club based in Prague, which in acquired 18% stake in Zebra Group for CZK 30 million/EUR 1.2 million in 2021-2022) in form of factoring of Zebra vehicle orders. From February to September, 25 vehicles financed through it, bringing total investment to almost CZK 50 million (EUR 2 million). Amounts for first 6 vehicles produced have also been successfully paid back to investors with fixed interest rate of 12-15%
November 20, 2024 | 01:58pm CETflashread more
VVA 2024: Tiyo to hold 16th seminar with subtitle 'DIY or golden Czech hands' to inspire current, future automotive developers in Lázně Bělohrad, Czechia on November 21. Representatives of Merkur Toys, Škoda Auto, Stavební geologie – Geosan (SG Geosan), CEITEC, CULS Prague Formula Racing, Faurecia Automotive Slovakia, Kostal Connectors, Sattelo, ÚJV Řež to speak at event
November 20, 2024 | 01:51pm CETflashread more
European Hydrogen Week 2024: European Commission (EC), Hydrogen Europe, Clean Hydrogen Partnership to hold conferences, exhibition, B2B forum, number of networking events on hydrogen trends, technologies, projects in Brussels, Belgium on November 18-22. Accelera by Cummins, AeroDelft, AGC Chemicals, Agfa-Gevaert, Air Products, Arthur Bus, Asahi Kasei, Ballard, Battolyser Systems, BMW, Bosch, Dynelectro, e-Mobil BW, FEV, Greenlyte Carbon Technologies, Hexagon Purus, Horizon Fuel Cell Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Mitsubishi Corporation, Nippon, OPMobility, Orlen, RWE Generation, SSAB, ThyssenKrupp Nucera, Toyota Motor Europe, Uniper Hydrogen, Worthington Cylinders to join exhibition
November 20, 2024 | 01:45pm CETflashread more
Aleš Novák decided to leave Porsche Czech Republic (Porsche Holding Salzburg), devoting himself to his own business activities. Tomáš Navrátil, current SEAT's regional manager for Africa, Middle East and Turkey, to become new Head of SEAT and Cupra brands in Czechia on January 1, 2025
November 19, 2024 | 02:42pm CETflashread more
ČSÚ: Car prices in Czechia stagnated m/m in October, down by 1.2% y/y (new: -0.1%, +1.6%; used: +0.1%, -3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-2.2%, -1.1%), spare parts and accessories (+1.1%, +7.5%), fuels and oils (-0.4%, -11.4%), maintenance and repairs / service works (+0.4%, +8.7%)
November 19, 2024 | 02:35pm CETflashread more
Warehouse of Antolin (manufacturer of components for vehicle interiors with 22,000 employees in 120 plants, 28 R&D and commercial centers in 25 countries; sales revenues of EUR 4.6 billion in 2023) factory in Chrastava, Czechia (polyurethane foam production within Grupo Antolin Bohemia – supplier of ceiling panels for Maserati, Land Rover, Jaguar, Volvo, BMW, Audi, Volkswagen, Škoda with approximately 300 employees in Liberec-Stráž nad Nisou, Chrastava and Hanover, Germany) hit by fire on November 15, causing damage estimated at CZK 30 million (EUR 1.2 million). No one injured
November 18, 2024 | 12:55pm CETflashread more
Changes
Nissan stopped production at three plants in Japan
October 27, 2017 | 11:33am CEToriginalAt the same time, the carmaker has recalled 1.2 million cars on the domestic market. Reasons, timing, affected models, estimated costs, sales suspension...
read moreGerman unions demand 6% wage increase in Volkswagen
October 27, 2017 | 11:10am CEToriginalThe demand for wage growth also applies to the Volkswagen Financial Services division. Requirements of the Czech unions at Škoda Auto...
read moreTesla dismissed hundreds of employees
October 20, 2017 | 01:28am CEToriginalHowever, it did not disclose the exact number. Estimates, affected positions, declared reasons, production of Model 3 in Q3...
read moreCourt did not start to deal with alleged manipulation of orders of Czech Post
October 20, 2017 | 12:45am CEToriginalAmong the accused are Agrotec and some of its employees. Reasons, next date, preferred supplier, a football tickets offer, a comment by Agrofert...
read moreVauxhall to cut 9% of jobs in UK
October 18, 2017 | 11:20pm CEToriginalOpel's British division intends to reduce the number of staff through volunteer departures. Location, reasons, timing, models affected...
read moreHavex bought former Škoda dealer
October 15, 2017 | 11:35pm CEToriginalIt is now running an authorized service centre of this Czech brand. Firm, facility location, new owner's intentions...
read moreMBtech Engineering Day 2017: MBtech organizes open days for developers in Czechia
October 15, 2017 | 11:19pm CEToriginalR&D centres in Pilsen and Prague will be open to potential employees. Dates, presentation of the autonomous car Link & Go, vacancies...
read moreMann+Hummel to move part of its production from Czechia to Bosnia and Herzegovina
October 12, 2017 | 04:00am CEToriginalReasons, products, production plans for 2017-2018, clients, new head of one of the Czech plants...
read moreStackmann: Volkswagen plans to shrink dealer network in Europe and launch online sales
October 12, 2017 | 03:44am CEToriginalThe company responds to a change in consumer behaviour in the digital age. Targets to increase the profitability and effectiveness of dealerships...
read moreOne Fiat dealership in Czechia hit by fire
October 4, 2017 | 02:13am CEToriginalNobody was injured. The company and its other activities, location of the showroom, extent and amount of damage...
read moreFord Motor to suspend production in five plants
September 28, 2017 | 11:37pm CEToriginalLocations, timing, reasons, HR, Ford and Lincoln models concerned, inventory...
read moreOpel 500: Opel organizes another annual campaign accompanied by offer of 500 cars with benefits and price discounts
September 23, 2017 | 07:44pm CEToriginalDate, declared discount amounts, free roof rack, winter tires free of charge with funding used, Opel VIP membership fidelity program, micro booths…
read moreOpel Insignia GSi Sports Tourer: Opel revealed first photos of sporty Insignia in estate version
September 15, 2017 | 01:11am CEToriginalEngines, chassis, all-wheel drive with Torque Vectoring, brakes, tires, eight-speed automatic transmission, suppliers...
read moreAutodrom Most extended cooperation with Kia
September 14, 2017 | 10:30pm CEToriginalRenewal of the car fleet for safe driving courses and management, models, supplier-dealer, length of the new contract...
read moreCar sales in the UK declined by 9.3% in July
August 31, 2017 | 12:11am CEToriginalIt was a fourth drop in a row. Reasons, production and export, results for seven months...
read moreCar sales in Germany up by 1.5% in July
August 30, 2017 | 12:41am CEToriginalProduction and export fell. Demand for individual brands, orders, results over seven months...
read moreDaimler about to change structure and create holding
August 25, 2017 | 01:42am CEToriginalThe parts could then be listed. Considering such a step was previously outlined by the CEO. Details, timing...
read moreApple reportedly leaving idea of producing autonomous car
August 24, 2017 | 12:39am CEToriginalAllegedly, it focuses solely on autonomous driving technology itself. Details of Project Titan, HR, autonomous car testing license in California...
read moreMagna reportedly chose one country in Central Europe as backup location for new plant
August 23, 2017 | 02:42am CEToriginalComplications in Slovenia, details of Plan B, the first phase of the EUR 1.2 billion investment...
read moreGreat Wall interested in Fiat Chrysler Automobiles
August 22, 2017 | 01:33am CEToriginalThe bid submission, market value, interest in one of the brands, stock market reaction, possible barriers, strategic goal of Great Wall, analytical view, new five-year FCA strategy...
read moreSenate allowed renewal of uninsured cars fee in Czech Rep
August 21, 2017 | 02:43am CEToriginalThe Senators did not accept any resolution on the draft amendment to the Law on Mandatory Insurance. Criticism of some senators, missing register of insured vehicles...
read morePavel Vojtek left Defend Insurance Group
August 16, 2017 | 01:17am CEToriginalOriginal and new shareholder structure, headquarters relocation, business results, new projects...
read moreAuto Eder plans further expansion in Czech Rep
August 16, 2017 | 01:04am CEToriginalEntering another city, new showroom, results in 2016, plan for 2017, moving some activities into separate companies...
read moreVolkswagen and Tata ended talks on planned cooperation
August 11, 2017 | 01:17pm CEToriginalBoth companies signed a Memorandum of Understanding six months ago to develop a platform for low-cost cars. Comments of the carmakers...
read moreVolunteer firefighters in Karlovy Vary region to renew 30 vehicles by 2018
August 10, 2017 | 01:52am CEToriginalThe first vehicles were delivered by one Toyota dealer. Company, model, number of vehicles, price, financing, references, other tenders...
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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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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
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
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Uni Gasket to expand production in Europe
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