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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
Sycorex facility in Czech Rep hit by fire
May 12, 2017 | 12:03am CEToriginalNobody was injured. The location, cause of fire, extent and amount of damage...
read moreTUV Sud and UAMK established cooperation in Czech Rep
May 10, 2017 | 11:10pm CEToriginalContent of the partnership, common communication activities, timing...
read moreEssens expands BMW car fleet
May 10, 2017 | 10:25pm CEToriginalAs a benefit, this Czech MLM firm also offers associates Peugeot cars. Models, numbers of cars, supplier-dealer, timing, operating lease…
read moreTatra upgrades production line, increased production plan for 2017
May 9, 2017 | 11:54pm CEToriginalIn connection with this, the company needs to take on dozens of new employees. Details, demanded professions...
read moreSkoda Auto allegedly plans at least two products with Indian partner
May 9, 2017 | 11:16pm CEToriginalThe models concerned, timing, a recently signed memorandum of understanding...
read moreCar sales in UK dropped by 19.8% in April
May 8, 2017 | 11:30pm CEToriginalThe biggest fall over the last six years, reasons, interest in conventional drives, registrations for 4 months, commentary and outlook of SMMT, state control of responsible financing...
read moreSkoda Auto and unions agreed on new collective agreement in Czech Rep
May 4, 2017 | 11:49pm CEToriginalReduction of overtimes within flexible account shifts, extension of thermal breaks, increase in bonuses and bonus, payment of wages in the event of illness, investment in working conditions...
read moreBosch to sell starters division
May 2, 2017 | 11:57pm CEToriginalThe transaction still has to be approved by antitrust authorities. Buyers, price, profile of the division...
read moreThe Chamber od Deputies supported fee renewal for uninsured cars in Czech Rep
May 1, 2017 | 11:49pm CEToriginalIf the deputies manage to discuss the proposal before elections, the Senate will have it. The attitude of the government to the amendment...
read moreToyota to maintain US investment framework for next 5 years
May 1, 2017 | 11:35pm CEToriginalPlanned volume of funds, redesigning of the Georgetown plant, factory production in 2016, HR, new generation of the Toyota Camry...
read moreVolkswagen allegedly considers selling Ducati
April 28, 2017 | 01:21am CEToriginalThe carmaker commissioned a consulting firm to assess how to handle Ducati. Reaching potential buyers...
read moreAutoBinck looking for new Auto Palace head for Czech Rep and Slovakia
April 27, 2017 | 01:15am CEToriginalThe current Managing Director of the Retail Division on both markets, Ralph Howie, has decided to take a new challenge outside Europe...
read morePSA extended three-shift operation in one plant
April 27, 2017 | 01:05am CEToriginalLocation, timing, reasons, HR, partner personnel agencies, manufactured models, orders...
read moreHavex and Imofa increased car sales by 6.9% in 2016
April 26, 2017 | 01:01am CEToriginalRecord year, sales of new and used vehicles, interest in individual brands, investment in modernization of showrooms, plan for 2017, fleet business, online service calculator...
read moreMagna won contracts for Jaguar and Toyota EVs
April 24, 2017 | 11:28pm CEToriginalThey have been added to the production for BMW EVs. Deliveries from the Czech Republic, location, components, HR, work offer to young people from children's homes, scholarship program and internships...
read moreAutobond grew at double-digit pace in 2016
April 24, 2017 | 11:12pm CEToriginalRevenues, new and used car sales, results of individual brands, extension of Bond Rent, entry into the 7th city in the Czech Republic, establishment of the first subsidiary, organizational changes, plan for 2017...
read morePSA published actual car consumption data
April 24, 2017 | 10:54pm CEToriginalModels and versions concerned, real consumption calculator in the first six European countries, cooperation with non-governmental organizations, Bureau Veritas overseeing...
read moreSkoda has Future: Skoda launched advertising portal in Czech Rep with job offers in dealerships
April 23, 2017 | 11:57pm CEToriginalFiltering options, current offer of vacancies in the network of 230 car showrooms and service shops, the most demanded professions, the offer of practical training for students...
read moreVZP wants to expand in car insurance
April 23, 2017 | 11:48pm CEToriginalCNB damage liability license for a subsidiary, enhancement of equity, present and new products, timing, clients, business plans, target group...
read moreCzech Leasing and Financial Association elected Board of Directors for next two years
April 21, 2017 | 12:52am CEToriginalLibor Bosak has been elected for the second time. Vice-Chairmans and Members of the Board...
read moreBMW to lend 11 EVs to police in Czech Rep
April 19, 2017 | 10:53pm CEToriginalModels, locations, use, timing, participating dealers, police fleet renewal with green vehicles...
read moreMarchionne: FCA no longer seeks partner for further merger
April 18, 2017 | 11:39pm CEToriginalThe Italian carmaker will focus on developing its business plan. The plan to reduce debt, uncertainty...
read moreAutoBinck appointed new Marketing and PR Manager of Mitsubishi Motors in Czech Rep
April 18, 2017 | 12:08am CEToriginalHe has experience from several Asian car brand importers. His profile, timing...
read moreCar sales in Germany rose by 11.4% in March
April 17, 2017 | 11:45pm CEToriginalGrowth was also seen in production and export. The influence of number of working days, demand for individual brands, orders, results in Q1...
read morePrague Municipal Police to acquire 66 new vehicles, mostly of Hyundai brand
April 13, 2017 | 01:58am CEToriginalApart from Hyundai cars these will be the VW and Ford minibuses and vans. Number of vehicles, winning prices…
read more
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