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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
Czech Customs Administration to use Hyundai cars
September 28, 2014 | 11:04pm CEToriginalIt is a further supply to state authorities. The supplier-dealer, models and specifications, the number of vehicles...
read moreRao: Skoda Auto to reduce future investment in India
September 28, 2014 | 10:57pm CEToriginalAccording to him, the carmaker postponed the project for a small car for the local market. The company moderated the manager’s statement. Uncertainty in India, product strategy...
read moreAAA Auto appointed new Sales Director
September 26, 2014 | 03:02am CEToriginalIt is a manager with years of experience in the car retail sales not only in the Czech Republic. The successor of Daniel Harant is...
read moreSuzuki Motor chose new partner for branded financing in Czech Rep
September 26, 2014 | 12:23am CEToriginalCzech distributor of these Japanese cars and motorcycles has thus returned to CSOB Leasing after four years. The previous partner for Suzuki Finance...
read moreDispute over refrigerant in AC: EC ordered Germany to stop backing banned refrigerant
September 26, 2014 | 12:16am CEToriginalIt is currently being used in Europe by Daimler only. The deadline, possible sanctions, attitude of the German carmaker, development of a new cooling system...
read moreSchaeffler to build new plant and R&D centre in Czech Rep
September 25, 2014 | 02:17am CEToriginalThe considered location, moving and growth of production, HR, timing, products, clients, other activities in the Czech Republic...
read moreNEVS wants to present plan to revive indebted carmaker Saab in October
September 24, 2014 | 11:35pm CEToriginalDismissal of employees, negotiations with potential investors, debts to suppliers...
read moreKamaz to cut production of trucks
September 24, 2014 | 11:22pm CEToriginalReasons, timing, the amount of salaries at the time of outages, financial results of the company co-owned by Daimler...
read moreSkoda Auto to invest up to EUR 450 million in one plant in Czech Rep
September 23, 2014 | 11:39pm CEToriginalThe scope of the approved investment, timing, doubling the capacity, models, HR, prepared competence centre for the production of SUVs, the current daily production...
read moreSlovakia struggles for new Tesla Motors plant
September 23, 2014 | 11:16pm CEToriginalNegotiations of government agency SARIO, the projected annual production in Europe, the plan for 2014, model expansion...
read moreFord Telematics: Ford introduced service of monitoring and optimizing operation of van fleets in Europe
September 23, 2014 | 11:02pm CEToriginalPartner, possible savings on fuel, remote access to vehicle diagnostic data, availability in selected markets...
read moreAnthony James Denny agreed to sell majority stake in AAA Auto
September 23, 2014 | 12:05am CEToriginalThere were four interested investors in the CEE used car dealer. Buyer, signing a contract, transaction value...
read moreRaiffeisen-Leasing entered fleet management market in Czech Rep, aiming to become major player there
September 22, 2014 | 11:49pm CEToriginalDeveloping a new department in the Czech branch of the Austrian leasing company will be in charge of two senior managers...
read moreBMW Group to change regional director for CEE and SEE
September 22, 2014 | 11:43pm CEToriginalAndrea Castronovo will move to the fleet department of the carmaker's headquarters and will be replaced in Salzburg by a manager from BMW Germany...
read morePSA to cut production in Slovakia
September 22, 2014 | 04:11am CEToriginalThe term of the Trnava plant shutdown, reasons, results for eight months, extra shifts, production plan in 2014, the influence of the Ukrainian crisis...
read moreSkoda Without Worries: Consumer interest in car rental is greater than carmaker expected
September 22, 2014 | 04:01am CEToriginalThe number of contracts per quarter, the original and the new plan for the year 2014, product development in 2015, advertising campaign...
read moreFord to cut production in Europe in autumn
September 22, 2014 | 03:48am CEToriginalThe affected plants and models, terms of the shutdowns, reasons, government compensation...
read moreVolkswagen to resume production in Russia after two weeks as planned
September 18, 2014 | 11:14pm CEToriginalThe shutdown is related to both plants and all VW and Skoda models. The timing, logistical circumstances...
read moreVolkswagen chose new head of VW brand in Czech Rep
September 18, 2014 | 02:22am CEToriginalIt is a manager with experience in the wholesale and retail sale of new and used cars including financing. Petr Janeba’s successor will be...
read moreCode of Ethics: Hyundai Motor Czech got new dealers for three locations
September 17, 2014 | 11:31pm CEToriginalThese include both existing and new partners. The firms concerned, locations and former dealers...
read moreV2V: USA prepares rules for introduction of technology of inter-communicating cars
September 17, 2014 | 11:12pm CEToriginalThe details of this telematics technology, testing, implementation, timing, elimination of accidents...
read moreGM wants to lay off 500 people in Russia
September 16, 2014 | 10:06pm CEToriginalSeverance pay for voluntary departure from the factory in St. Petersburg, a decline in production of Opel cars in the autumn, declining Russian market...
read moreZF to sell stake in one JV and buy TRW
September 16, 2014 | 05:37am CEToriginalThe joint venture and buyer of the share, price of the TRW acquisition, ZF+TRW profile, activities of both companies in the Czech Republic...
read moreCar Fleet Service: Elit acquired next client for fleet service in Czech Rep – UniCredit Leasing
September 16, 2014 | 02:40am CEToriginalPartner Elit service network will take care of part of the fleet of UniCredit Fleet Management, which has recently begun providing consumers with operating lease...
read moreBMW Group to replace head in Czech Rep
September 15, 2014 | 11:29pm CEToriginalDistributor of BMW and Mini cars on the Czech market will be led by a manager of the regional headquarters for CEE+SEE. Josef Reiter...
read more
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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)...
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Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
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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
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