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Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 16.8% to EUR 193 billion in 2023 (2022: EUR 165 billion), but number of employees decreased by 0.3% to 405,600. Largest companies in sector include Škoda Auto (EUR 23.45 billion, +31%; 34,884 people, -1%), Volkswagen Slovakia (EUR 11.76 billion, +21%; 10,566, -3%), Audi Hungaria (EUR 9.1 billion, +8%; 12,766, -1%), Kia Slovakia (EUR 8.01 billion, +19%; 3,607, +1%), Hyundai Motor Manufacturing Czech (EUR 7.64 billion, +13%; 2,852, +5%), Volkswagen Poznań (EUR 5.74 billion, +14%; 9,824, +4%), Automobile-Dacia/Renault (EUR 5.23 billion, +1%; 11,457, -6%), Mercedes-Benz Manufacturing Hungary (EUR 5.08 billion, +28%; 4,765, -1%), Toyota Central Europe (EUR 4.94 billion, +30%; 107, -4 %), Volkswagen Group Polska (EUR 4.93 billion, +35%; 644, +4%), FCA Poland/Stellantis (EUR 3.54 billion, +33%; 2,326, +5%), MAN Trucks Sp. z o.o. (EUR 3.41 billion, +68%; 2,245, +48%), PCA Slovakia (EUR 3.28 billion, -10%; 3,072, -13%), Toyota Motor Manufacturing Czech Republic (EUR 2.98 billion, -5%; 3,228, -9%), Magyar Suzuki (EUR 2.87 billion, +34%; 2,937, +3%), Continental Barum (EUR 2.85 billion, +0%; 4,374, +1%), Ford Otosan Romania (EUR 2.75 billion, -2%; 5,581, +0%), Mercedes-Benz Manufacturing Poland (EUR 2.62 billion, +24%; 1,384, +4%), PKP Polskie Linie Kolejowe (EUR 2.59 billion, +17%; 41,415, -1%), Mobis Automotive Czech (EUR 2.53 billion, +35%; 1,485, +16%), Polskie Linie Lotnicze LOT (EUR 2.33 billion, +22%; 1,240, -3%), Mercedes-Benz Polska (EUR 2.09 billion, +21%; 158, +0%), Mobis Slovakia (EUR 1.98 billion, +10%; 2,136, -0%), Continental Automotive Czech Republic (EUR 1.89 billion, +2%; 5,042, -17%), Volkswagen Motor Polska (EUR 1.88 billion, +33%; 1,254, +2%), BMW Vertriebs GmbH Sp. z o.o. Oddział w Polsce (EUR 1.67 billion, +14%; 74, -4%), Robert Bosch SRL (EUR 1.64 billion, +16%; 5,875, +13%) and other firms of Volvo, Scania/Traton, Porsche/Volkswagen, Iveco/CNH, Solaris/CAF, Michelin, Autoliv, ZF, Tigar Tyres, Motherson, Valeo, Sungwoo, Schaeffler, BorgWarner, Faurecia/Forvia, Pirelli, Auto Partner, Hankook, Lear, Brembo, Adient, Denso, České dráhy, PKP Intercity, Raben, DPP, Amazon, Arcturus, Havi, Tallink, Wielton, Plichta, Waberer’s groups. High labour costs encourage businesses to be more open to automatization, robotization and higher productivity levels that come with this, Coface said
November 25, 2024 | 11:34am CETflashread more
ACEA: New car registrations in EU up by 1.1% in October (Volkswagen +12.6%; Stellantis -16.7%; Renault -0.4%; Hyundai -7.5%; Toyota +13.7%; BMW +0.8%; Mercedes-Benz +2.6%; Ford -13.6%; Volvo Cars +22.5%; Nissan -8%; Tesla -23.1%; SAIC -10%; Suzuki -10.5%; Mazda -12.8%; Jaguar Land Rover -22.1%; Honda -10.4%; Mitsubishi +8.6%), individual fuel/power types successful differently (BEV -4.9%, PHEV -7.9%, HEV+MHEV +19.8%, FCEV+NGV/CNG+LPG+biofuel/ethanol +2.5%, petrol -4.7%, diesel -10.8%)
November 25, 2024 | 11:25am CETflashread more
JATO Dynamics: Electric (rechargeable) vehicle sales in Europe (28 countries) up by 1.9% to 251,442 units (168,618 BEVs, +7%; 82,824 PHEVs, -7%) in October, representing 24.2% share in total registrations (penetration, +0.5pp). Škoda Enyaq (9,977 cars, +44%) was best-selling battery electric vehicle (BEV), followed by Tesla Model Y (8,795, -18%), Volkswagen ID.4 (6,894, +24%), Volvo EX30 (5,360, new) and VW ID.7 (5,330, new). Volvo XC60 (5,881, +57%) was best-selling plug-in hybrid (PHEV), followed by BMW X1 (4,619, +68%), VW Tiguan (4,181, +113%), Ford Kuga (3,298, -29%) and BMW X5 (2,377, +50%)
November 22, 2024 | 11:59am CETflashread more
Industry 4.0 in Practice 2024: National Industry Center 4.0 (NCP 4.0) to hold conference on cutting-edge projects for implementation of Industry 4.0 in Prague, Czechia on December 5 with tour of RICAIP Testbed Prague. Representatives of Škoda Auto, Forvia Hella, Maxion Wheels Czech, Vítkovice Cylinders, Partory Group, Spinbotics, Kinalisoft, SP ČR (Confederation of Industry and Transport of Czech Republic), ČSPÚ (Czech Maintenance Society), VŠB-TU to speak at event
November 22, 2024 | 11:47am CETflashread more
Volkswagen to close Audi plant in Brussels, Belgium (Q8 e-Tron, Q8 Sportback e-Tron; 596,570 sqm; 3,000 employees; 2023: 53,555 BEVs produced) by February 28, 2025, moving production to Mexico (San José Chiapa, Puebla; Q5; 460 hectares; 5,350 employees; 2023: 175,626 SUVs produced). Carmaker offered factory for sale, but none of 26 potential investors (Chinese automakers, commercial vehicle manufacturer) made decision. In June, Audi and Puebla state government said that carmaker to invest EUR 1 billion in electric vehicle projects in Puebla, creating 500 new jobs
November 22, 2024 | 11:41am CETflashread more
JATO Dynamics: Dacia Sandero (21,740 registered vehicles, -3%) was best-selling car in Europe (28 countries) in October, followed by Peugeot 208 (20,389, +40%), Volkswagen Tiguan (17,368, +72%), Renault Clio (16,987, +10%), Toyota Yaris Cross (16,542, +7%), VW Golf (16,455, +34%), Toyota Yaris (15,977, +46%), Kia Sportage (14,677, +8%), VW T-Roc (14,385, +8%) and Škoda Octavia (14,372, +16%). Overall market down by 0.1% to 1.04 million, led by Volkswagen, Toyota, Škoda, BMW, Mercedes, Peugeot, Renault, Audi, Dacia and Kia
November 21, 2024 | 03:47pm CETflashread more
European Hydrogen Week 2024: Representatives of Accelera by Cummins, ACEA, Air Liquide, Battolyser Systems, BloombergNEF, Clean Hydrogen Partnership, Dekra, Deloitte, DG MOVE, EBRD, Engie, EC (European Commission), EP (European Parliament), Greenlyte Carbon Technologies, Hydrogen Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Orlen, Robert Bosch, ThyssenKrupp Nucera, Toyota Motor Europe, TÜV Nord, Uniper to speak at conference on hydrogen trends, technologies, projects in Brussels, Belgium (November 18-22)
November 21, 2024 | 03:36pm CETflashread more
Zebra Group (manufacturer of diesel, electric municipal vehicles with 25 employees in Prague and Hradec Králové, Czechia; over 850 vehicles produced for more than 330 customers since 2014; turnover of CZK 49 million/EUR 1.9 million in FY 2023) started to use financing from Venture Club (280-member investor club based in Prague, which in acquired 18% stake in Zebra Group for CZK 30 million/EUR 1.2 million in 2021-2022) in form of factoring of Zebra vehicle orders. From February to September, 25 vehicles financed through it, bringing total investment to almost CZK 50 million (EUR 2 million). Amounts for first 6 vehicles produced have also been successfully paid back to investors with fixed interest rate of 12-15%
November 20, 2024 | 01:58pm CETflashread more
VVA 2024: Tiyo to hold 16th seminar with subtitle 'DIY or golden Czech hands' to inspire current, future automotive developers in Lázně Bělohrad, Czechia on November 21. Representatives of Merkur Toys, Škoda Auto, Stavební geologie – Geosan (SG Geosan), CEITEC, CULS Prague Formula Racing, Faurecia Automotive Slovakia, Kostal Connectors, Sattelo, ÚJV Řež to speak at event
November 20, 2024 | 01:51pm CETflashread more
European Hydrogen Week 2024: European Commission (EC), Hydrogen Europe, Clean Hydrogen Partnership to hold conferences, exhibition, B2B forum, number of networking events on hydrogen trends, technologies, projects in Brussels, Belgium on November 18-22. Accelera by Cummins, AeroDelft, AGC Chemicals, Agfa-Gevaert, Air Products, Arthur Bus, Asahi Kasei, Ballard, Battolyser Systems, BMW, Bosch, Dynelectro, e-Mobil BW, FEV, Greenlyte Carbon Technologies, Hexagon Purus, Horizon Fuel Cell Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Mitsubishi Corporation, Nippon, OPMobility, Orlen, RWE Generation, SSAB, ThyssenKrupp Nucera, Toyota Motor Europe, Uniper Hydrogen, Worthington Cylinders to join exhibition
November 20, 2024 | 01:45pm CETflashread more
Aleš Novák decided to leave Porsche Czech Republic (Porsche Holding Salzburg), devoting himself to his own business activities. Tomáš Navrátil, current SEAT's regional manager for Africa, Middle East and Turkey, to become new Head of SEAT and Cupra brands in Czechia on January 1, 2025
November 19, 2024 | 02:42pm CETflashread more
ČSÚ: Car prices in Czechia stagnated m/m in October, down by 1.2% y/y (new: -0.1%, +1.6%; used: +0.1%, -3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-2.2%, -1.1%), spare parts and accessories (+1.1%, +7.5%), fuels and oils (-0.4%, -11.4%), maintenance and repairs / service works (+0.4%, +8.7%)
November 19, 2024 | 02:35pm CETflashread more
Warehouse of Antolin (manufacturer of components for vehicle interiors with 22,000 employees in 120 plants, 28 R&D and commercial centers in 25 countries; sales revenues of EUR 4.6 billion in 2023) factory in Chrastava, Czechia (polyurethane foam production within Grupo Antolin Bohemia – supplier of ceiling panels for Maserati, Land Rover, Jaguar, Volvo, BMW, Audi, Volkswagen, Škoda with approximately 300 employees in Liberec-Stráž nad Nisou, Chrastava and Hanover, Germany) hit by fire on November 15, causing damage estimated at CZK 30 million (EUR 1.2 million). No one injured
November 18, 2024 | 12:55pm CETflashread more
Changes
SMMT: Newly announced automotive investments in UK dropped sharply in H1
July 6, 2017 | 11:55pm CEToriginalThe result of the referendum on Brexit, an estimate for the whole year 2017, the country's attempt to remain a member of the customs union, a fall in car production in April and May...
read moreVolkswagen supposedly overvalued sales
July 3, 2017 | 11:55pm CEToriginalThe automaker did not comment on it. Country, brands, timing, number of cars, departure of head of the local representation...
read moreDaimler prepares investment in Czech Rep
June 29, 2017 | 01:22am CEToriginalLocation, distribution and retail division, demand for Mercedes-AMG cars, management of the new regional headquarters for Central Europe...
read moreCar sales in Germany rose by 12.9% in May
June 29, 2017 | 12:52am CEToriginalProduction and export also recorded growth. Impact of working days, demand for individual brands, orders, results for five months...
read moreEurop Assistance succeeded in LeasePlan's tender for car assistance provider in Czech Rep
June 28, 2017 | 12:11am CEToriginalScope of services, timing, previous partner of leasing company...
read moreNew institute for car emission measurement to be established in Germany
June 27, 2017 | 11:45pm CEToriginalEmissions will be measured in real traffic, not in laboratories. Timing, supervisory board, budget, financing, recent tests by German authorities, consideration of restriction of diesel cars in cities...
read moreTakata declared bankruptcy and applied for protection from creditors
June 26, 2017 | 10:48pm CEToriginalThe company also announced a deal on the sale of most assets. The buyer, price, promise not to close any plant and not to dismiss employees, the factories in Europe including the Czech Republic...
read moreVolkswagen agreed with unions of Slovak plants on new collective agreement
June 26, 2017 | 10:29pm CEToriginalThe strike ended after six days and the factory in Bratislava restored full production. Agreement details...
read moreDeloitte: Brexit can threaten thousands of jobs in German automotive industry
June 26, 2017 | 12:26am CEToriginalEstimated growth in German car prices in the UK, expected decline in sales, revenues and profits, whole study...
read moreCzech ambassadors in Europe to replace BMWs with Skoda cars
June 25, 2017 | 11:35pm CEToriginalOne Czech brand dealer succeeded in a tender. Models, numbers of cars, frequency of renewal, contract validity...
read moreTakata allegedly to ask for bankruptcy protection from creditors in few days
June 22, 2017 | 11:35pm CEToriginalSubsequently, the company will pursue a bailout from one Japanese bank. The company’s comment...
read moreTesla reportedly to soon close deal to build plant in China
June 22, 2017 | 11:19pm CEToriginalLocation, timing, avoidance of import duty, business results in the country in 2016, entry of Chinese investor...
read moreMBtech to expand one development centre in Czech Rep
June 21, 2017 | 11:31pm CEToriginalLocation, new halls, amount of investment, services, timing, HR, clients...
read moreMitsubishi Motors began to offer branded insurance in Czech Rep
June 21, 2017 | 11:05pm CEToriginalThe partner is Uniqa, which has long-term and rich experience with branded insurance. Details of the cooperation and the product Mitsubishi insurance including PAYD/PHYD…
read moreShandong Linglong Tire wants to build two more plants, one in Europe
June 21, 2017 | 01:36am CEToriginalDetails of the strategy, sites considered, amount of investment, HR, timing, R&D, orders from carmakers and retailers, results in 2016, plan for 2017, targets for 2020...
read moreEmployees of Volkswagen car plant in Slovakia started to strike
June 21, 2017 | 01:18am CEToriginalThe number of participants, impact on production of individual models, absence of agency staff, management response, explosives inspection, situation in other factories, company holiday...
read moreJaguar Land Rover wants to double production in UK by 2020
June 20, 2017 | 03:08am CEToriginalAt the same time, the company wants to hire several thousand people, especially technical specialists. Business and financial results, investments in FY 2017/2018...
read moreBMW Group began to provide tyre insurance in other countries in Europe
June 20, 2017 | 12:05am CEToriginalPartner, states, models, conditions, insurance period, price, insurance cover, first model with optional runflat tires...
read moreNew Mazda dealership opened in Czech Rep
June 18, 2017 | 11:26pm CEToriginalLocation, company and its other activities, history of the showroom, managing director, website...
read moreTakata is about to declare bankruptcy
June 18, 2017 | 10:48pm CEToriginalUnder the restructuring plan, it is reportedly ceasing the production of airbag inflators and other products will be sold under a new brand. Partners, timing, agreement with the US government...
read moreBMW launched sale of EVs in Slovakia
June 18, 2017 | 10:22pm CEToriginalModels and prices, dealers and service shops in several cities, service contract included, battery warranty, government subsidy program for EVss and HEVs...
read moreBosch to reportedly build new plant in Europe
June 15, 2017 | 11:52pm CEToriginalThe firm has not confirmed the information. Alleged location, amount of investment, products, timing, HR, subsidies, alliance with Daimler...
read moreAutoBinck hired experienced automotive strategy specialist
June 15, 2017 | 12:16am CEToriginalPreviously, he worked for Porsche Engineering, Boston Consulting Group and Ricardo Strategic Consulting. His profile, new position, division...
read moreVolkswagen trade unions announced strike date in Slovak plants
June 14, 2017 | 11:57pm CEToriginalEmployee support rate, estimated participation in Bratislava, situation in other factories...
read moreOpel's head resigned before finishing sale of company to PSA
June 12, 2017 | 11:22pm CEToriginalKarl-Thomas Neumann, however, thinks the sale of Opel is the right thing to do. Successor, Neumann's further direction, the transaction completion...
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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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, December 24, 2024