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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
Daimler to buy stake in motorcycle manufacturer MV Agusta
November 5, 2014 | 11:33pm CEToriginalThe amount of the share, the current majority owner, the agreement on long-term cooperation on technology sharing and sales...
read moreSlovak antitrust office approved acquisition of AAA Auto Group by Abris
November 4, 2014 | 11:44pm CEToriginalThe transaction had previously been approved by the Czech antitrust authority. Funds managed by Abris...
read moreUsti transport company to renew fleet of trolleybuses
November 3, 2014 | 11:40pm CEToriginalAt the same time, it is looking for a bank that would finance the purchase. Details of the tender, EU subsidies, supplier of trolleybuses, existing credit from CSOB...
read moreVolkswagen to cut production in Russia again
November 3, 2014 | 11:11pm CEToriginalThe carmaker is adjusting the production volume to the current market situation in the country. The factory concerned also producing Skoda cars, the date of the downtime...
read moreMinistry of Labour and Social Affairs to put out new request for tender for car fleet renewal
November 2, 2014 | 11:38pm CEToriginalReasons for cancellation of the selection procedure, the resignation to appeal, expression of the antitrust authority and the social administration, the number of cars for subordinate bodies...
read morePatrik Fejtek moved within Volkswagen Group from Europe to Asia
November 2, 2014 | 11:24pm CEToriginalUntil recently, he worked at Skoda Auto in the region of Northern Europe. He is now moving from sale to production...
read moreCzechInvest: Interest of domestic and foreign companies in investing in Czech Rep growing significantly
November 2, 2014 | 11:15pm CEToriginalMediated investments in 2013 and H1 2014, main locations, HR, dominating production of vehicles, outlook...
read moreCar of the Year 2015 in Czech Rep: Thirty-one cars to compete for title, thirty-seven last year
November 2, 2014 | 11:04pm CEToriginalMost novelties have been put in by BMW, Nissan and Mercedes. The jury, the nomination in five categories, sponsors, cooperation with TNS Aisa...
read moreAntitrust authority withdrew tender for vehicles for social administration in Czech Rep
October 30, 2014 | 11:57pm CEToriginalAccording to Hyundai Motor Czech, it was tailored to one manufacturer. The number of vehicles, the categories, history of the tender...
read moreAudi launches mass production of plastic springs
October 30, 2014 | 11:51pm CEToriginalParameters of light springs, the supplier and his clients, the first application in the Audi A6, prices after facelift, replacing the continuously variable transmission with a dual-clutch transmission...
read moreHonda wants to strengthen dealer network in Czech Rep
October 30, 2014 | 03:33am CEToriginalThe carmaker is looking for a partner for car sales. Location demanded, dealer situation in the region...
read moreFiat Chrysler Automobiles to sell Ferrari to FCA owners and to launch brand on stock exchange
October 30, 2014 | 02:50am CEToriginalStock shares, stock exchanges for Ferrari IPO, obtaining funding for the group development, the issue of convertible bonds, exchange of the Ferrari CEO, financial results of FCA...
read moreCitroen offers credit with 0% interest for up to 3 years in Czech Rep
October 29, 2014 | 11:51pm CEToriginalAccident insurance with 0% participation in home service shop within Citroen Insurance and Peugeot Insurance, partners, a free IdealDrive service agreement for the C1...
read moreSehnal (SPGroup): Slavia Pojistovna currently not for sale
October 29, 2014 | 12:23am CEToriginalHowever, SPGroup reportedly continues to offer the oldest Czech insurance company and one bank helps with that. The plan to boost profitability, capital increase, the dispute with the CNB...
read moreHavex opened its first Skoda showroom according to new concept in Czech Rep
October 29, 2014 | 12:01am CEToriginalThe location, a microsite with advice regarding the purchase, maintenance and operation of a car, a 5-year warranty free of charge on new and nearly new Skoda and Seat cars...
read moreToyota to end cooperation with Tesla Motors
October 28, 2014 | 11:47pm CEToriginalSale of shares of Tesla, reviewing investments, the results of existing cooperation, negotiations on a new contract...
read moreTatra agreed with unions of two subsidiaries on wage addendum to collective agreement
October 27, 2014 | 02:42am CEToriginalDetails of the wage agreement, the increase in the variable component tied to quality, revenues and EBITDA, validity, cancellation of the planned strike...
read moreDaimler sold its stake in Tesla Motors
October 26, 2014 | 11:52pm CEToriginalHowever, cooperation of both carmakers will apparently continue. The transaction price, current and upcoming Mercedes, Smart and Fuso EVs and HEVs, timing...
read moreChamber of Deputies postponed vote on abolition of contribution for uninsured vehicles in Czech Rep
October 26, 2014 | 11:37pm CEToriginalReasons, timing, the proposal for the extinction of the CKP right to enforce the contribution to the guarantee fund after three years, problematic semi-transfers of vehicles...
read moreEmployees of two subsidiaries of Tatra planning another strike
October 24, 2014 | 01:39am CEToriginalThis happened after the failure of the warning strike. Dates, details of the dispute, the company’s and intermediary’s statements, wage levels, backup solutions of the truck maker...
read moreSwell introduced expansion plan by 2018
October 24, 2014 | 01:26am CEToriginalDetails of a 5-year strategy, relocation of one facility, extension of R&D centre, HR, tenders for a number of positions, subcontract works, new technologies...
read moreVolvo Car to increase production in Sweden
October 24, 2014 | 01:09am CEToriginalLocation, reasons, new facility, measures, HR, revised working agreement, timing, sales results and outlook…
read moreEmployees of Tatra’s two subsidiaries to strike
October 23, 2014 | 04:32am CEToriginalThe strike does not apply to the production of vehicles. The term, length of the warning strike, the reasons, attitude of the company...
read moreArval Club: Arval extends benefits for employees of clients in Czech Rep
October 23, 2014 | 04:23am CEToriginalA discount on taxi and car transport, a credit card with discounts at gas stations, partners, the number of members after the first year of the program...
read moreDaimler is said to negotiate purchase of stake in MV Agusta motorcycle manufacturer
October 23, 2014 | 04:11am CEToriginalThe share and its alleged value, possible reasons for the acquisition, the current majority owner...
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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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Source: ECB, January 8, 2025