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Coface CEE Top 500 Ranking 2024: Electronics, information and telecommunications industry (E/E, ICT; 60 largest firms, -1 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 4.4% to EUR 104-105 billion in 2023 (2022: EUR 100 billion), number of employees grew by 4% to 328,600. Largest companies in sector include LG Energy Solution Wroclaw (EUR 9.09 billion, -3%; 6,546 people, +7%), Samsung SDI Magyarország (EUR 6.04 billion, +48%; 3,344, +25%), Robert Bosch Elektronika (EUR 5.93 billion, +2%; 18,605, +7%), Harman Becker Kft (EUR 2.22 billion, -4%; 4,308, +9%), Continental Automotive Hungary (EUR 2.03 billion, +38%; 6,782, +6%), Bolt Technology (EUR 1.7 billion, +35%; 4,104, -1%), Vitesco Technologies Czech Republic (EUR 1.6 billion, +14%; 4,119, +5%), BYD Smart Device Hungary (EUR 1.24 billion, +65%; 183, +2%), SK Battery Manufacturing (EUR 1.18 billion, +267%; 1,185, +19%), Siemens s.r.o. (EUR 1.15 billion, +1%; 7,474, -1%), SK On Hungary (EUR 1.03 billion, +15%; 2,310, +81%), Bolt Operations (EUR 972 million, +16%; 780, +2%), DPD Polska (EUR 911 million, +1%; 4,545, +8%), Videoton Holding (EUR 811 million, +15%; 9,267, +1%), ABB Sp. z o.o. (EUR 756 million, -2%; 2,688, +68%), Hella Slovakia Lighting (EUR 712 million, +38%; 3,290, -0%), ABB s.r.o. (EUR 703 million, +32%; 3,000, +2%)
December 9, 2024 | 12:54pm CETflashread more
Office for Protection of Competition (ÚOHS) allowed AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová)
December 9, 2024 | 12:42pm CETflashread more
VDIK: German car market to fall by 0.9% to 2.82 million units in 2024 (2023: 2.84 million), of which 380,000 BEVs (-28%), 190,000 PHEVs (+8%), 120,000 HEVs (+28%), 600,000 MHEVs (+5%), 1,015,000 petrol (+4%), 500,000 diesel (+3%) and 15,000 gas+other vehicles (+1%). In 2025, new car sales in Germany to reach 2.7-2.85 million (-4.3% to +1.1%) depending on development of framework conditions for electromobility, Labbé said
December 9, 2024 | 12:37pm CETflashread more
VDA: Car production in Germany up by 1% y/y in November, export by 2%
December 6, 2024 | 11:24am CETflashread more
Carlos Tavares resigned as CEO of Stellantis (Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, Leasys), successor to be appointed in H1 2025. His contract was due to expire at beginning of 2026. In recent weeks different views between reference shareholders, Board of Directors and CEO emerged which resulted to this decision, Henri de Castries said
December 6, 2024 | 11:15am CETflashread more
SDA: New car registrations in Czechia up by 6.3% in November (vans -23.2%; trucks +1.7%; buses +49.7%; motorcycles +16.9%; trailers+semitrailers -4.6%), individual fuel/power types successful differently (BEV 1,249 +63.3%, PHEV 521 +16.6%, LPG 512 +43.8%, petrol 13,951 +9.1%, diesel 4,408 -8.7%)
December 6, 2024 | 11:04am CETflashread more
Czech Post continues to electrify its fleet, renewing almost 2,000 vehicles in 2024. Company to receive 1,958 new vehicles (of which 250 baterry electric vehicles; 994 vans – 460 Opel, 130 Ford E-Transit 350 Base, 404 n/a; 964 cars – 652 Škoda Kamiq 1.0 TSI Fresh, 44 Škoda Karoq, 120 Škoda Enyaq 85 Clever, 148 n/a) for more than CZK 1 billion (EUR 40 million), and 2,600 used vehicles (Ford Transit 2008, Renault Kangoo Expres 2007, Škoda 2009-2010) to be retired from fleet. This change to bring average age of Czech Post fleet to under three years. Of these, 250 (BEVs) vehicles to be owned by Czech Post, rest to be operated under operational lease for 3 years or financial leasing for 6 years. Company also plans to purchase another 80 charging stations in addition to its 25, using subsidies
December 5, 2024 | 04:34pm CETflashread more
SMMT: New car registrations in UK down by 1.9% in November (vans up to 3.5 tonnes +10.5%; trucks up to 6 tonnes +93%)
December 5, 2024 | 04:22pm CETflashread more
J.D. Power, GlobalData confirmed 2024 global new light-vehicle sales outlook at 88 million units (+1.5%). There continues to be level of risk with vehicle demand in Q4, but increase in October eased some of concern, Schuster (GlobalData) said. Firms simultaneously cut 2025 forecast by 500,000 cars, vans from 91.1 million (+3.5%) to 90.6 million (+2.7%). Autos are poised for continued growth in 2025 as conditions improve in key markets, he added
December 4, 2024 | 05:48pm CETflashread more
PFA: New car registrations in France down by 12.7% in November (vans up to 5.1 tonnes -16.2%; trucks -0.9%)
December 4, 2024 | 05:27pm CETflashread more
Libor Láznička decided to leave Continental after more than 30 years in April 2025. Tomáš Belza, former director of passenger tyre production (PLT), appointed as new tire plant manager in Otrokovice, Czechia (Continental Barum, Continental výroba pneumatik, Continental HT Tyres; 5,200 employees) on November 1
December 2, 2024 | 10:44am CETflashread more
AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová), expanding portfolio by two new brands (Mercedes, Ford). Transaction began to be assessed by Office for Protection of Competition (ÚOHS), it is largest acquisition in AutoWallis’s history
December 2, 2024 | 10:36am CETflashread more
Changes
Volkswagen Passat B8: Start of production accompanied by labour pains
November 24, 2014 | 11:48pm CEToriginalProblems not only in the Emden plant's welding shop, the alleged reasons, the number of non-produced vehicles in October, special shifts, timing...
read moreHyundai: Demand in Europe rises, Czech plant to reduce exports to exotic countries
November 24, 2014 | 01:06am CEToriginalThe Nosovice factory will also implement several extra shifts. Dates, the number of cars, bonus for employees, impact on suppliers, changes in December...
read moreMusk: Tesla wants to build plant for batteries in Germany
November 23, 2014 | 11:37pm CEToriginalTiming, similar factory in the USA, the amount of investment, HR, sales in Q3, another model as of 2015...
read moreFord to dismiss several hundred employees in one plant in Europe
November 23, 2014 | 11:26pm CEToriginalThe location, reasons, timing, models affected, the number of cut job...
read moreGM to move part of D-SUV production to Europe
November 20, 2014 | 11:49pm CEToriginalThe location, models and brands, the timing, the amount invested in three European plants and not only in the production of this new model, growth of production in Eisenach...
read moreLaube: Ford to extend its offer of alternative drives in Europe
November 19, 2014 | 11:56pm CEToriginalHybrid, electric and CNG vehicles, fleet centres, certified program of used car sale, new technologies...
read morePSA apparently plans to cut another 3,500 jobs
November 19, 2014 | 11:43pm CEToriginalLocations, timing, the execution of the plan using sensitive measures (early retirement, severance offer, a move within the group)...
read moreRWE to convert car fleet to CNG in Czech Rep
November 19, 2014 | 11:37pm CEToriginalA logical step of the biggest vendor of CNG in the country, a large order of Skoda CNG cars, suppliers (leasing company, dealer), fleet reduction, spreading of the network of filling stations...
read moreCirina: Assicurazioni Generali not to merge Ceska pojistovna and Generali in Czech Rep
November 19, 2014 | 11:27pm CEToriginalA similar strategy across Europe, the target groups of insurance companies, high profitability, the successor of Jaroslav Mlynar, estimation of market development in 2015...
read moreVolkswagen quits sale of Seat cars in Russia after eight years, loss to be replaced by Skoda
November 19, 2014 | 12:07am CEToriginalReasons, timing, sales results in 2013-2014, the share in the total sales of the Spanish carmaker...
read moreSkoda to offer plug-in hybrids and electric vehicles by 2018
November 17, 2014 | 11:57pm CEToriginalThe first models, timing, related investments in the affected plants, CNG drive, Volkswagen’s green mobility strategy...
read moreSouth Korea seems to import more cars from Europe than it exports in 2014
November 17, 2014 | 11:27pm CEToriginalMutual balance in Q1-3, the promotion of German premium brands in the Korean market, the free trade agreement between Korea and China...
read moreMotoSolutions Forum 2014, Automotive CEE Day: Automotive conference and contractual day to be held in Poland
November 14, 2014 | 12:15am CEToriginalDates, speakers, participants of the contractual day, including Shiloh Industries that manufactures only in America, sponsors...
read moreCzech Post: Arval and LeasePlan succeeded in largest tenders
November 14, 2014 | 12:06am CEToriginalValue of contracts, offered cars and vans, CNG and 4x4 drives, length of operating lease, options...
read moreArval leased another larger fleet of CNG vehicles in Czech Rep
November 13, 2014 | 11:47pm CEToriginalThis is one of the existing clients. The company, affected cars and their number, driver training and its provider, Arval business plan for the CNG segment...
read moreZeman: Tatra entered into agreement in China, to invest EUR 20 million
November 13, 2014 | 12:05am CEToriginalThe Czech truck maker cut 250 jobs over the past year and a half, now taking on again. The production plan for 2014, expansion in Mexico...
read moreTPCA lowered production outlook in 2014
November 12, 2014 | 11:49pm CEToriginalThe forecast for the year 2015 does not change. The production of mini cars in the Czech plant of Toyota and PSA in the first 10 months, possibilities of the line, HR...
read moreVolvo AB to allegedly dismiss other 3,000 employees, primarily in Sweden
November 12, 2014 | 11:31pm CEToriginalThe company cut 4,400 jobs in administration over the last year. A plan to improve profitability...
read moreAshok Leyland to sell most activities in Europe
November 11, 2014 | 03:38am CEToriginalThis is a factory in the Czech Republic and one company in Germany. Only a share in the UK bus manufacturer will be retained. Strategy, timing, value of assets...
read moreBeloved Original: Volkswagen launched new campaign for commercial vehicles in Czech Rep
November 11, 2014 | 01:27am CEToriginalLocalization of the global campaign, authors-agencies, focus on the legendary Transporter, microsite, commercials...
read moreVision & Strategy 2025: Brose to make global competence centre from Ostrava
November 10, 2014 | 12:21am CEToriginalRelated investments in the Czech Republic, production of all products, R&D, innovation of logistics, clients, HR, Brose Kids Club, the new head of Czech plants...
read moreFa Rene extended one Mercedes-Benz showroom in Czech Rep, aiming to build another one
November 10, 2014 | 12:06am CEToriginalLocations, details of investments, AMG zone, HR, sales results in 2013, corporate clients of this two-brand dealer, change of the ownership structure...
read moreE.ON expanded fleet with Skoda Octavia CNG cars in Czech Rep
November 9, 2014 | 11:51pm CEToriginalThe number of Octavia G-Tec cars, total CNG car fleet, lower emissions and operation costs...
read moreFord to replace head in Europe
November 9, 2014 | 11:45pm CEToriginalSuccessor to Stephen Odell at Ford of Europe, financial results in 2014, additional personnel changes at the global headquarters, timing...
read moreSpeedChain 2014: Reliant holds conference in Czech Rep on logistics in Central Europe
November 7, 2014 | 01:58am CEToriginalSpeakers from Skoda Auto, Linde Material Handling, Hofmann Personal, SSI Schafer, CTP, P3, Dachser or Goodman, accompanying program, sponsors...
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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)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
Auto In (Ford, Volvo, Hyundai, Škoda, Kia, Mazda, Mitsubishi, MG dealer in Pardubice...
JATO Dynamics: Tesla (362,000 registered cars) was best-selling battery electric vehicle...
Witte Automotive (manufacturer of vehicle latch, locking, safety systems with 6,000...
ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
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...
Jahn: Škoda Auto could have sold more vehicles in 2023 (866,800 cars delivered to...
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
Hertsenberg: AutoBinck (Mitsubishi Motors, MG importer in Czechia, Slovakia) became...
AutoCare powered by CarGarantie: CarGarantie agreed to cooperate with Santander Consumer...
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
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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