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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
Davo Exclusive: Davo Car started purchase and sale of newish luxury cars
September 15, 2014 | 11:22pm CEToriginalExtension of the used car shop in Olbramovice, newly built showroom, advertising campaign, car offer, petrol station, car wash, future expansion...
read moreVolksbank and DZ Bank selling VB-Leasing, buyer found in Poland, Romania and Czech Rep
September 15, 2014 | 03:56am CEToriginalThe new owners of leasing companies, profile of VB Leasing CZ (products, partners, results in 2013, HR, project Proresale Cash)...
read moreCode of Ethics: Several companies closed Hyundai dealership
September 15, 2014 | 03:48am CEToriginalThese are mainly multi-brand dealers. The firms concerned and vacant showrooms, fluctuation in the Czech dealer network in 2013-2014...
read moreOne Peugeot dealer in Czech Rep built huge complex and expanded portfolio with five brands
September 15, 2014 | 03:31am CEToriginalThe company, location, parameters of the premises, the investment implementation delay, new brands, services including fast service shop and restaurant...
read moreNew investor to enter Bohm Plast-Technik
September 15, 2014 | 03:21am CEToriginalNew co-owner, the amount of the share, price of the transaction, profile of the plant in Ceska Trebova, HR, annual turnover, products and clients...
read moreAuto Charouz ceased sale of one brand
September 12, 2014 | 05:06am CEToriginalThe company also terminated a dealership of another brand in one city in the Czech Republic. The brands concerned, new dealers...
read moreMubea agreed to build new plant in Czech Rep
September 12, 2014 | 04:38am CEToriginalThe location, plot size and the price, HR, timing, the company’s activities in the Czech Republic...
read moreSkoda Auto seeking manager for Czech market representation
September 10, 2014 | 11:57pm CEToriginalRecently, the team of Skoda Auto Czech Republic has been strengthened by a manager with experience from several carmakers. Concerned posts, details...
read moreCitroen named new product managers in Czech Rep
September 10, 2014 | 11:48pm CEToriginalOne will be in charge of C models, the other one of DS models and commercial vehicles. Details...
read moreDaimler to change production system of Mercedes-Benz cars
September 10, 2014 | 11:37pm CEToriginalGrowth in the number of models on one line, drop of competencies of plant managers, cost savings, investments in reorganization in Germany, new models...
read moreOpel Flex Lease: Opel began offering operating lease for consumers in Czech Rep
September 9, 2014 | 11:27pm CEToriginalThe models, engines and equipment, financial partner, rental period, mileage limit, prices...
read moreTukas Group to unify corporate identity of its companies
September 9, 2014 | 10:54pm CEToriginalThe group includes three companies operating dealerships and service shops of six brands and a provider of operating lease. The company hired a new manager for it...
read moreCitroen began providing service contract included in price of new cars in Czech Rep
September 9, 2014 | 10:49pm CEToriginalThe models, above-standard coverage, the C4 Cactus with innovative components from TRW or Rehau, a loan with the parameters of operating lease...
read moreFord New Deal: Ford to cancel subdealer network in Czech Rep
September 8, 2014 | 11:51pm CEToriginalHowever, some agents will become dealers and their number will thus increase. Plan for the service network, the flagship dealerships Ford Store and Transit Center network...
read moreFukoku wants to make Czech Rep major manufacturing hub for Europe
September 8, 2014 | 03:05am CEToriginalLocation of the factory, amount of investments, HR, timing, products, clients, deliveries to aftermarket...
read morePerrin: Peugeot continues to modernize dealer network in Czech Rep
September 8, 2014 | 02:58am CEToriginalNew Blue Box showrooms in 2013-2015, sales results and plans, activities in service, used cars, new models...
read moreVolkswagen to cut production in Russia
September 8, 2014 | 02:48am CEToriginalConcerned factory also producing Skoda cars, the term of the downtime, revised production plan for 2014, an investment plan in the country...
read moreAnother Chamber of Deputies' Committee endorsed proposal for abolition of contributions for uninsured vehicles in Czech Rep
September 8, 2014 | 02:41am CEToriginalThe reasons are the same. According to the Czech Insurance Association this will result in an increased number of uninsured cars...
read moreSkoda Auto to have new head of purchasing
September 5, 2014 | 12:35am CEToriginalHe is coming to the Czech carmaker from Seat. The current member of the Board at Skoda Auto for purchase Karlheinz Hell...
read morePetr Kohout joined Home Credit
September 4, 2014 | 11:49pm CEToriginalIn the subsidiary of Czech financial group PPF, the former head of the Czech branch of ALD Automotive will assume the position of...
read moreGestamp secured land for its second plant in Czech Rep
September 3, 2014 | 11:39pm CEToriginalLocation, size and price of the land, the amount of investment, HR, products, timing, production growth in the first Czech factory...
read moreNew manager strengthened one BMW dealer in Czech Rep
September 3, 2014 | 11:24pm CEToriginalHe has experience with several premium brands. The company, manager, his profile...
read moreCommittee of deputies endorsed proposal for abolition of contributions for uninsured vehicles in Czech Rep
September 3, 2014 | 11:06pm CEToriginalAccording to the committee, the contribution represents a dual recourse for the owners of uninsured vehicles. The proposal is rejected by the Czech Insurance Association...
read moreFrank Schreier returned to Skoda Auto
September 2, 2014 | 11:05pm CEToriginalHe took his old-new position in the Czech carmaker, which had previously been held by...
read moreCAP: Abolition of contributions of uninsured motorists to raise price of damage liability in Czech Rep
September 2, 2014 | 10:56pm CEToriginalDeputies’ proposal will be dealt by the members of the financial and economic committee of the Chamber of Deputies on September 3. Trend in the number of uninsured claims...
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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