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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
Lear acquired Xevo, provider of connected car software and data-driven user experiences
April 7, 2020 | 11:42pm CETpublicCompletion of the transaction, financial advisor, key services Journeyware and Market, HR...
read moreFränkische moved part of its production from Czechia to Romania
March 11, 2020 | 04:50pm CEToriginalLocations, reasons, HR, work aid from employees from Hungary, turnover in 2018-2020, products, clients including electric vehicle manufacturers, potential of e-mobility…
read moreAutoBinck bought ROI Fleet & Mobility
March 11, 2020 | 04:25pm CETpublicROI will become a subsidiary of Fleet Support, which is part of AutoBinck's Smart Mobility division. Profile and portfolio of vehicles, mobility passes, shared cars and e-bikes in the management...
read moreLear Innovation Ventures (LIV) invested in Israeli venture capital fund managed by Maniv Mobility
March 11, 2020 | 03:32pm CETpublicManiv Mobility's portfolio and investing activities are focused on Israeli start-up companies in the connected, autonomous, ridesharing and mobility sectors, as well as on investments in the U.S. and other markets. Acquisition of EXO Technologies...
read moreToyota Research Institute-Advanced Development, Carmera to create HD maps for automated vehicles using camera data
February 10, 2020 | 11:44pm CETpublicFirst step towards realizing TRI-AD's open software platform concept known as Automated Mapping Platform (AMP), cameras in Toyota test vehicles to collect data over several months from areas of downtown Tokyo, cameras installed in the test vehicles using Toyota Safety Sense (TSS) components...
read moreDXC Technology signed agreement to cooperate on development of BMW self-driving cars
February 10, 2020 | 11:32pm CETpublicTechnologies for the BMW High Performance D3 platform to simplify and accelerate test data analysis as well as streamline machine learning algorithms with the DXC Robotic Drive platform...
read moreEBZ bought Kovovýroba Hoffmann
February 10, 2020 | 11:22pm CETpublicRenaming the firm, maintaining jobs, continuing of Marek Hoffmann in the company, annual turnover...
read moreJet 1 investment fund managed by Jet Investment sold Benet Automotive
February 10, 2020 | 10:57pm CETpublicBuyer and his profile, divestment after two years, acceleration of synergistic effects with Fiberpreg from the portfolio of Czech investment company, clients, sales in 2018, transaction and legal advisors...
read morePorsche Holding Salzburg bought further dealer group in Italy
February 10, 2020 | 10:46pm CETpublicCompany, locations, brands, sales and financial results, previous acquisitions of Eurocar Italia, growth in recent years...
read moreGenuine Parts Company (GPC)'s Alliance Automotive Group (AAG) bought AutoBinck's PartsPoint
February 10, 2020 | 10:34pm CETpublicProfile of the distributor of automotive aftermarket parts and accessories in the Benelux, expected annual revenues...
read moreLear Innovation Ventures (LIV) Possibilities: Lear launched new division investing in early stage technologies throught partnerships with venture capital firms, accelerators, incubators
February 10, 2020 | 10:24pm CETpublicIt will also provide direct capital to start-ups and internal innovation projects. Head of division...
read moreZF, Foton opened joint plant in China
February 10, 2020 | 09:55pm CETpublicLocation, products, vehicle segment, extension of cooperation with subsidiary of BAIC Group lasting since 2016...
read moreRubicon Partners sold Ring Automotive to Osram
December 4, 2019 | 11:47pm CETpublicOsram intends to enter markets in Europe, USA and other regions with the Ring product portfolio. Turnover in 2018...
read morePanattoni to build joint production plant for Groupe Plastivaloire, Filtration Group in Czechia
October 17, 2019 | 01:17pm CET, updatedpublicLocation, hall size, products, HR, consulting companies involved...
read moreZF to buy Wabco
July 8, 2019 | 12:28am CETpublicPrice, financial and legal advisors, closing the transaction...
read moreKPMG Global Automotive Executive Survey 2019: BEVs to account for 30% of global production in 2040
July 8, 2019 | 12:16am CETpublicBEV will be followed by HEVs, FCEVs and ICEVs. At the same time, most automotive executives are convinced that while OEMs declared themselves responsible for the technological agenda in the past decades, that role is being taken over by the regulator who will set the primary agenda defined by industry policies...
read moreBrisk developed sensors for new Scania engine, launching series production in H2 2019
May 23, 2019 | 11:27pm CEToriginalDetails of the contract, a new hall in Tábor, business and financial results in 2017-2019, investments, other clients and orders, expansion of the portfolio in the Russian factory…
read moreMitsubishi Electric launched construction of integrated starter-generator (ISG) plant for mild hybrids in Czechia
May 20, 2019 | 09:47pm CETpublicLocation, hall size, investment amount, start of production, HR, environmental protection measures...
read moreŠkoda Auto produced record more than 300,000 cars in Kvasiny, Czechia in 2018
March 31, 2019 | 10:49pm CETpublicContinuous optimization of production, assembly of Kodiaq on two lines of East Bohemian plant, new multifunctional competence center, start of production of Superb plug-in hybrid...
read moreDXC Technology won orders from Škoda Auto, BMW
March 27, 2019 | 11:35pm CEToriginalExpansion of cooperation with Volkswagen Group, other automotive projects, participation in the Startup Autobahn innovation platform, digital transformation, cyber security, Industry 4.0 in the Box solution, upcoming DXC Digital Experience Lab in Slovakia…
read moreHenniges Automotive wants to expand plant in Czechia
November 21, 2018 | 11:44pm CEToriginalLocation, new halls and production lines, HR, timing, amount of investment, products and clients, R&D center enlargement, suppliers…
read moreBroadcom demands Volkswagen to pay USD 1 billion in patent dispute
November 15, 2018 | 09:30pm CEToriginalAt the same time, the company is threatening to demand a court suspension of the production of several VW, Audi and Porsche models. An earlier lawsuit against Toyota and Panasonic...
read moreConstellium opened second plant in Czechia
October 14, 2018 | 08:48pm CEToriginalLocation, the amount of investment, expansion of the first factory, timing, HR, target capacity, a shift from semi-finished to machined parts…
read moreBöhm Plast-Technik changed ownership structure
September 11, 2018 | 07:06pm CEToriginalThe original and new shareholder structure, reasons, transaction advisor, products and clients, revenues in 2017, HR...
read moreŠkoda chose two new agencies for marketing communication
August 30, 2018 | 02:26am CEToriginalOne has already been working for the Volkswagen Group, the other recently joined Europe. Joint venture in Czechia, the previous agency, a new advertising agency in Germany...
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):...
Auto In (Ford, Volvo, Hyundai, Škoda, Kia, Mazda, Mitsubishi, MG dealer in Pardubice...
JATO Dynamics: Tesla (362,000 registered cars) was best-selling battery electric vehicle...
Witte Automotive (manufacturer of vehicle latch, locking, safety systems with 6,000...
ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
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...
Hertsenberg: AutoBinck (Mitsubishi Motors, MG importer in Czechia, Slovakia) became...
AutoCare powered by CarGarantie: CarGarantie agreed to cooperate with Santander Consumer...
Constellium agreed with Renault Group to establish closed-loop recycling process for...
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