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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
Hyundai Mobis considers employing more people in new plant in Czech Rep
August 20, 2014 | 10:40pm CEToriginalDetails of the intent, several halls, a new subsidiary, factory management, EIA, shift of production from Korea to the Czech Republic, profile of the first Czech plant...
read moreOne Mercedes dealer changed owner in Czech Rep
August 19, 2014 | 11:36pm CEToriginalThe company and its showrooms, the original and new owner, related personnel changes, circumstances...
read moreVolkswagen bought MAN’s financial division
August 19, 2014 | 11:19pm CEToriginalThe carmaker plans no change in the Czech Republic for now. The countries covered by affiliates and partners, details...
read moreIveco wants to make Czech Rep main base for development and production of buses
August 18, 2014 | 11:35pm CEToriginalThe company currently has only two bus plants in the world. Production growth, strengthening R&D, construction of a test track, HR...
read moreSeries of tenders on hundreds of vehicles and tires announced in Czech Rep
August 18, 2014 | 11:20pm CEToriginalThe submitter and its fleet, renewal of part of the fleet, the form of acquisition, the value of contracts, the criteria including warranty without limitation of mileage...
read moreSkoFIN chose new PR agency
August 18, 2014 | 11:07pm CEToriginalThe winner of the tender and its clients, start of the cooperation, previous partner for PR activities...
read moreYoungsan to build plant in Slovakia, second in Europe
August 17, 2014 | 10:56pm CEToriginalLocation, investment amount, size of the hall, HR, timing, products, clients including Hyundai-Kia, business activities in the Czech Republic...
read moreEmployees of Hyundai plants in Korea want to strike
August 17, 2014 | 10:37pm CEToriginalWage negotiations of the unions with management of the company failed. The timing, strike tradition, substitution of production...
read moreCzechInvest chose new manager for automotive industry and green mobility
August 14, 2014 | 10:21pm CEToriginalThis function in the agency for the support of investment and business in the Czech Republic was recently held by Ales Stavjana. A new sector manager with experience from Skoda Auto...
read moreOpel strengthens dealer network with help of former Chevrolet dealers
August 13, 2014 | 11:31pm CEToriginalMany of the former dual Opel/Chevrolet dealers do not seek compensation. The situation in Europe and the Czech Republic, the expansion of the 'Welcome back to Opel' program with Chevrolets owners...
read moreSkoda Auto to increase production capacity of one plant
August 13, 2014 | 11:19pm CEToriginalLocation, current and projected capacity, the affected facilities and models, production of the factory in 2013, HR, timing, renewal of technology...
read moreDaimler’s Czech plant has new director
August 13, 2014 | 05:23am CEToriginalReiner Springmeier left the position at EvoBus Bohemia after nine years. Reasons, successor and his profile...
read moreSaab supplier asked court for declaration of bankruptcy of carmaker’s owner
August 13, 2014 | 05:12am CEToriginalNEVS suspended production of Saab cars in May due to financial problems. The name and profile of the supplier, the amount of the debt...
read moreSkoFIN prepares operating lease for consumers for other Volkswagen Group brands in Czech Rep
August 11, 2014 | 11:57pm CEToriginalDemand for the ‘Skoda without worries’ rental, business plans, expansion of the model and equipment offer, easing the terms, the profile of the average client...
read moreChinese central bank bought stake in Generali
August 11, 2014 | 06:07am CEToriginalIt has been a further acquisition of shares in major Italian company recently. The share amount and its value, the entry to Fiat...
read moreHead of CSOB Leasing in Czech Rep Libor Bosak became president of IFLA
August 8, 2014 | 12:46am CEToriginalProfile of the International Finance and Leasing Association, which was previously led by...
read moreMann+Hummel to invest EUR 25 million in Czech Rep by 2016
August 6, 2014 | 11:49pm CEToriginalLocation, timing, details of investments, HR, cooperation with a new personnel agency, clients...
read moreDaimler simplifies distribution and sales management in Europe
August 6, 2014 | 11:30pm CEToriginalReduction of managerial positions across divisions, reasons, personnel changes in the Czech Republic, timing...
read moreGumotex received new orders from Volkswagen Group
August 6, 2014 | 11:18pm CEToriginalExpansion of the product portfolio, the affected models, volumes, profile of the automotive division, clients...
read moreArval VIP Partner: Arval builds premium supplier network in Czech Rep
August 6, 2014 | 11:08pm CEToriginalConcurrently, it is reducing the number of partners, especially car and tire service shops. Reasons, details, Arval Assistance...
read moreEmil Frey might terminate distribution of one brand in Czech Rep
August 5, 2014 | 11:55pm CEToriginalThe brand, reasons, requirements of the carmaker, dealer network, models and prices, the situation in Europe...
read morePorsche Inter Auto to resume Lamborghini dealership in Czech Rep
August 5, 2014 | 11:45pm CEToriginalLocation of the showroom, sales start, available models, previous Czech dealer, competition from independent retailers...
read moreOpel won contract for 600 Movano vehicles in Europe
August 5, 2014 | 11:20pm CEToriginalCountry, client, winning tender price, utilization, specifications, modifications upon request, warranty, Movano facelift as of 2014...
read moreMichael Macht resigned as head of production of Volkswagen Group
August 4, 2014 | 11:57pm CEToriginalThis followed after an agreement with representatives of the owners. After having left Porsche, he was in the office for four years. Alleged reasons, the original length of the contract, the successor...
read moreMakro changed its partner for insurance in Czech Rep
August 4, 2014 | 11:50pm CEToriginalThe offer of Mpojisteni also includes car insurance. In the field of financing, the partner remained unchanged. Companies, the most popular products...
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)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
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Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
Jahn: Škoda Auto could have sold more vehicles in 2023 (866,800 cars delivered to...
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
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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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