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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
Czech Railways: LeasePlan won tender for lease of cars and vans again
August 9, 2017 | 12:23am CEToriginalModels, number of vehicles, price, length of the contract, utilization, small part of the fleet owned by…
read moreDHL expanded fleet in Czech Rep with ending-generation Scania trailer trucks
August 9, 2017 | 12:09am CEToriginalDivision, model, number of vehicles, use, details of the tender, history of several-year cooperation of both companies...
read moreVolkswagen reportedly plans to replace more than half of Audi's Board
August 7, 2017 | 11:18pm CEToriginalAutomakers did not comment on the information. Affected managers and their positions, alleged reasons, successors, timing...
read moreVolkswagen reportedly considers selling gearbox maker Renk
August 6, 2017 | 11:06pm CEToriginalThe carmaker did not comment on the information. Advisor, reasons, timing, value of the company, financial results in 2016, potential bidders...
read morePSA completed acquisition of Opel
August 4, 2017 | 01:44am CEToriginalNew management, strategic plan development, return to profit, synergies and savings, development of the new Opel Corsa...
read moreBMW announced tender for new dealership in Czech Rep
August 2, 2017 | 11:57pm CEToriginalThis is a recurring selection procedure. Location, original winner, reasons, requirements, timing...
read moreUniqa succeeded in tender of one leasing company in Czech Rep
August 2, 2017 | 08:33pm CEToriginalDetails of the order, number of vehicles covered, insurance premium, timing, previous partner for damage liability...
read moreCar sales in Germany dropped by 3.5% in June
July 30, 2017 | 11:39pm CEToriginalProduction and export also fell. Impact of working days, demand for individual brands, results in H1, outlook for 2017...
read moreTwo Hyundai dealerships closed in Czech Rep
July 28, 2017 | 12:40am CEToriginalOne dealership changed the operator. Companies, locations, timing...
read moreOne manager left AutoMax Group
July 27, 2017 | 12:04am CEToriginalHis profile, position, further direction, successor, company profile and brands represented...
read moreUber to expand cooperation with Axa
July 26, 2017 | 11:45pm CEToriginalBoth companies have been working together in one African country since 2016. Locations, product, timing...
read moreFiat agreed on wage growth in Serbia
July 26, 2017 | 12:17am CEToriginalThe employees of the local plant ended the strike after a month. Agreement details, salary level, country’s GDP outlook for 2017...
read moreAudi faces criticism in China for comparing brides to used cars
July 25, 2017 | 10:33pm CEToriginalIt was created by a joint venture between Volkswagen and a Chinese partner. The carmaker has withdrawn the advertisement and intends to investigate the matter…
read moreDRB-Hicom agreed to sell stakes in Proton and Lotus
July 24, 2017 | 10:44pm CEToriginalThe buyer, the amount of shares, the signing of the contract, other bidders, the expansion to the car markets with right-hand driving, the interest of Chinese automakers in the South-East Asia market...
read moreOne manager to leave Porsche Czech Republic
July 23, 2017 | 11:57pm CEToriginalFor several years, he has led one of the Volkswagen Group brands. His next direction, successor, timing...
read moreMitsubishi Motors gained giant contract for hybrids in Europe
July 23, 2017 | 11:34pm CEToriginalThe automaker delivered the vehicles within the Green Investment Scheme by under the Kyoto Protocol. Country, client, model, number of cars…
read moreContinental looks for dozens of people for plant in Czech Rep
July 20, 2017 | 11:43pm CEToriginalLocation, HR, reasons, positions, products and clients...
read moreBabic: AvtoVAZ plans to cut over 8,000 jobs
July 18, 2017 | 11:43pm CEToriginalThis represents 40% of the total workforce. Timing, sales results in H1, the profit return plan...
read moreSkoda Auto succeeded in large tender of Czech Ministry of Transport
July 18, 2017 | 12:48am CEToriginalModels and number of cars, including 4x4 and CNG, the organizations concerned, the price, the bidders, the new tender for vans, the Skoda wholesale sales and fleet centres...
read morePilny: BMW plans test centre for self-driving cars in Czech Rep
July 16, 2017 | 11:19pm CEToriginalConsiderated locations, amount of investment, other projects for autonomous vehicle testing in the country...
read moreChamber of deputies approved fee renewal for uninsured cars in Czech Rep
July 13, 2017 | 01:04am CEToriginalMPs have agreed on a single amendment, which concerns more rigorous control of the damage prevetion fund...
read moreAutomotive industry association increased outlook for car production in Turkey in 2017
July 13, 2017 | 12:50am CEToriginalProduction, export and sales in H1, negative effects on demand in the domestic market...
read moreCzech antitrust authority imposed fine on two car dealers for cartel
July 11, 2017 | 01:32am CEToriginalOne of them is NH Car. Details of forbidden behaviour, profile of the second company, amount of penalties, reduction of the fine for cooperation with UOHS...
read moreVolkswagen appointed new head of Skoda sales
July 10, 2017 | 01:21am CEToriginalWerner Eichhorn will move to a different position within the group. A new board member of Skoda Auto for sales and marketing comes from Porsche Holding Salzburg...
read moreEuropean Commission approved PSA's takeover of Opel
July 7, 2017 | 12:08am CEToriginalThe Commission's decision concerns only automotive activities. The decision regarding the takeover of the financial division...
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