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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
Vigo Investments to change name of Czech branch of Triglav
October 21, 2014 | 10:29pm CEToriginalThe timing, transaction price, acquisition sphere of Vigo Investments’ interest...
read moreAutocentrum Barth expanded portfolio with one more brand
October 21, 2014 | 10:19pm CEToriginalAcquisition of the showroom, the location, selling company and its results, the first non-European brand, the only fleet centre of this brand in the Pardubice Region...
read moreVolvo Car launched sale of HEVs in Czech Rep
October 21, 2014 | 10:07pm CEToriginalThe first model, next plug-in hybrids, parameters and prices, eight-speed automatic transmission Aisin, network of charging stations at dealers, first instalation...
read moreRonal acquired new client, production to be ensured in Czech Rep
October 21, 2014 | 12:50am CEToriginalIt is a large carmaker producing in Central Europe. Expansion of one plant, production growth, HR, timing, clients of the largest manufacturer of aluminium wheels in the world...
read moreTriglav focuses on South East Europe, agreed to sell Czech branch
October 21, 2014 | 12:11am CEToriginalThe reasons for the sale, the buyer and its profile, transaction financing, the profile of the insurance company Triglav Pojistovna focusing mainly on automobile insurance...
read moreTwo top managers left Hyundai Motor Europe
October 20, 2014 | 11:42pm CEToriginalThe carmaker is selecting their successors. One of them is Allan Rushforth, who is going to take up…
read moreRescuers from Liberec Region to change most of their ambulances
October 20, 2014 | 11:24pm CEToriginalThe number of cars, price, timing, funding, obsolete fleet, problems with tenders and accidents, ambulance rentals from other regions...
read moreMetaldyne wants to double production in Czech Rep by 2020
October 19, 2014 | 11:46pm CEToriginalLocations, investment, new Schuler press, grants from the EU, HR, technologies, products and clients, development of lightweight shaft for trucks...
read moreCeska pojistovna appointed new marketing director
October 19, 2014 | 11:35pm CEToriginalThis happened after six months, when Hana Kovarova left the company. The new head of marketing in the largest insurance company in the Czech Republic became a former UniCredit manager...
read moreVarela: Toyota and PSA to increase production at Czech plant
October 16, 2014 | 10:35pm CEToriginalThe current and future working week, HR, production plans for the years 2014 and 2015, the increase in the number of components and equipment of new mini cars, other product for TPCA...
read moreALD Automotive created new department in Czech Rep
October 16, 2014 | 10:22pm CEToriginalIt will have responsibilities, among other things, for branded operating leases for carmaker. Related personnel changes...
read moreGroup of entrepreneurs and lawyers successfully blackmail suppliers of carmakers in Czech Rep
October 16, 2014 | 10:07pm CEToriginalA procedure similar to fictitious bankruptcy proceedings, using subcontractors, trumps of blackmailers, the suppliers’ reaction, the amount of damage, fear of resolving the situation through the police and courts...
read moreEC: Agreement of Luxembourg with Fiat Finance and Trade is apparently illegal aid
October 16, 2014 | 09:57pm CEToriginalFiat Finance and Trade lends money to other divisions of the Fiat Group. Details, possible consequences...
read moreAbris to take over 95% stake in AAA Auto
October 15, 2014 | 11:57pm CEToriginalAnthony Denny’s share for sale, the total price and price per share, management, international expansion, offers to minority shareholders...
read moreFirst Hyundai dealership according to new concept to be built in Czech Rep
October 14, 2014 | 11:56pm CEToriginalThe company, location, builder, parameters of the new sales and service complex, dealer’s sales results...
read moreNissan looking for new dealers for three locations in Czech Rep
October 14, 2014 | 11:45pm CEToriginalThe requested regions, the first dealership in CEE under the new concept, a new dealer preparing two new showrooms...
read moreAbris obtained consent of Czech Antitrust Office to acquire AAA Auto
October 13, 2014 | 11:57pm CEToriginalThe profile of the British investment company, which has not been active in the Czech Republic yet, completion of the transaction...
read morePSA appointed one head for all three brands in Czech Rep
October 13, 2014 | 11:49pm CEToriginalIn addition to Citroen and DS brands, Olivier Parry also gained responsibility for Peugeot. Reasons, Nicolas Perrin...
read moreFiat Chrysler Automobiles entered stock market
October 13, 2014 | 11:33pm CEToriginalStock exchanges concerned, share prices on the first day, sales plans of the seventh largest carmaker...
read moreVolkswagen gained permission to build new factory in Poland
October 12, 2014 | 10:48pm CEToriginalThe plant for production of VW Crafter vans will help create up to 10,000 jobs in the Polish automotive industry. Production capacity...
read morePrague public transport company to change one-third of its bus fleet
October 12, 2014 | 10:37pm CEToriginalSize of the contract, the tender notice, the preliminary price, delivery process, timing, the average age of the fleet...
read morePR agency of Porsche Czech Republic to change specialist for one brand
October 12, 2014 | 10:26pm CEToriginalThe reasons, timing, the recent strengthening of external communications of the Czech distributor of Volkswagen, Audi and Seat brands...
read morePSA Peugeot Citroen continues to optimize distribution in Europe
October 10, 2014 | 01:04am CEToriginalThe company has appointed one head for all three brands (Peugeot, Citroen, DS) in Slovakia, while previously they were led by two managers. Details...
read moreIAC Group wants to build another plant in Czech Rep
October 9, 2014 | 11:48pm CEToriginalLocation, developer, plot size, new orders, products, HR, timing, resistance of part of local residents, clients in Europe...
read moreCode of Ethics: Hyundai Motor Czech intends to occupy released locations in half-year
October 9, 2014 | 11:34pm CEToriginalThe distributor has found new dealers for five cities, another 12 projects are in progress. Modernization of showrooms according to a new concept...
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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...
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