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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
Mubea to invest over EUR 35 million in Czech Rep
October 9, 2014 | 11:11pm CEToriginalLocation of the company’s largest plant in the world, plot size, HR, products, R&D centre, responsibility for some global projects, clients...
read moreApollo Tyres to build plant in Eastern Europe
October 9, 2014 | 01:02am CEToriginalConsidered and confirmed location of the second European factory, amount of investment, capacity, HR, timing, products and brands, clients...
read moreGE Capital to enter lease financing in Czech Rep
October 8, 2014 | 10:53pm CEToriginalAcquisition of VB Leasing CZ by GE Money Bank, signing of the contract, permission of UOHS, completion of the transaction, expected price, the likely changes...
read moreGlobal Dealership Space Identity: Hyundai introduced new design concept for dealerships
October 8, 2014 | 10:35pm CEToriginalArchitecture of the showrooms, new colours, construction vs. adaptation, the first implementations on various continents, including Europe, timing...
read moreSynlab to change fleet in Czech Rep for CNG cars and EVs
October 7, 2014 | 11:21pm CEToriginalThe green vehicles will be leased by long-term partner LeasePlan. The brand and model, supplier-dealer, annual cost savings, fleet size...
read moreWitte Automotive expands in Central and Eastern Europe
October 7, 2014 | 10:55pm CEToriginalExpanding the production and development capacities in Bulgaria and the Czech Republic, locations, details of investment, HR, sales growth...
read morePSA Peugeot Citroen negotiates sale of one division
October 7, 2014 | 10:40pm CEToriginalThe subsidiary company, its products and business results, the amount of share, the offer including financial injection, the situation on the relevant market...
read moreRaiffeisen-Leasing won first client for fleet management in Czech Rep
October 6, 2014 | 11:21pm CEToriginalThe IT company concerned, fleet size, brand and models, full-service leasing offer by Raiffeisen-Leasing, a position of the leasing company in Austria...
read moreShell changed model of lubricants and oils distribution
October 6, 2014 | 10:44pm CEToriginalDetails, the situation in Europe, the new distributor for the Czech Republic and Slovakia and its clients, shorten delivery times for retailers...
read moreWarren Buffett entering car sales
October 5, 2014 | 10:52pm CEToriginalHis company Berkshire Hathaway will buy the U.S. dealer group Van Tuyl Group and is looking for further acquisitions. Details...
read moreBrembo expands production in Czech Rep, faster than planned
October 2, 2014 | 11:53pm CEToriginalLocation, investments, new production capacity, developer, HR, high demand from premium brands, clients, other possible expansion...
read moreVolkswagen and Fiat threatened with lawsuit because of consumption data
October 2, 2014 | 11:35pm CEToriginalThe country, consumer organization, affected models, compensation sought, appeal to owners to join the lawsuit, activities of the European Commission...
read moreCar sales in Germany up by 5% in September
October 2, 2014 | 11:19pm CEToriginalThe return to growth after the August decline, results in Q1-3, production and export, development in France, Italy and Spain...
read moreChamber of Deputies postponed mandatory car videos at MOT stations in Czech Rep
October 1, 2014 | 11:31pm CEToriginalThe introduction of license plates on request has also been postponed. The reasons, timing, the tender for the license plate manufacturer...
read moreSkoFIN recorded several personnel changes in fleet department
October 1, 2014 | 10:46pm CEToriginalTwo teams have new leaders. One has been promoted within the company, the second came from MAI Insurance. Details...
read moreCode of Ethics: 13 former Hyundai dealers in Czech Rep brought action against distributor
September 30, 2014 | 11:20pm CEToriginalThe competent court, content of the action, seeking compensation and debt, threat of job cuts, depreciation of investments, dealers’ responses to the amnesty...
read moreHalla Visteon Climate Control to expand production in Czech Rep
September 30, 2014 | 10:42pm CEToriginalLocation, the new hall and its size, products, HR, timing...
read moreCeska pojistovna to have new head of communications
September 30, 2014 | 10:27pm CEToriginalTomas Zavoral resigned. Leadership of the communication team at the largest insurance company in the Czech Republic has been temporarily given to...
read moreHyundai Tariff: Hyundai began offering operating lease for consumers in Czech Rep
September 30, 2014 | 10:06pm CEToriginalIts financial partner, the affected models, the lease period, the kilometre limits, content of monthly payments of the full-service leasing, prices...
read moreHalla Visteon Climate Control bought one product line from Cooper-Standard
September 29, 2014 | 11:12pm CEToriginalHVCC will move this production to its plants, which are also in Europe, including the Czech Republic. The value of transaction, products, plants...
read moreAuto Esa entered fourth city in Czech Rep
September 29, 2014 | 10:26pm CEToriginalLocation, size of the used car shop, investment, HR, services, regionally specific car offer, expected sales...
read moreHyundai tentatively agreed with unions on wages in Korea
September 29, 2014 | 10:15pm CEToriginalDetails of the agreement, termination of strikes, number and value of non-produced cars in 2014, construction of a new headquarters in Seoul, production growth abroad...
read moreNew investor entered Auto Charouz group
September 29, 2014 | 04:11am CEToriginalThe investor, share, car dealers and other firms in the group, previous transactions, Antonin Charouz’s visit at police...
read moreSkoda Fleet Center: Skoda prepares fleet centre network in Czech Rep
September 28, 2014 | 11:27pm CEToriginalLocalization of the program For Fit Fleet, standards, current and planned services, fleet centres, fleet sales in 2014, a typical client, reduction of dealer network...
read moreOne manager joined Czech representation of Volvo Car
September 28, 2014 | 11:17pm CEToriginalAt the same time, one manager left and another one was promoted to regional headquarters. Details...
read more
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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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