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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
BMW Group assembles new team of designers
February 8, 2017 | 11:54pm CEToriginalThe arrival of the new BMW chief designer from the Volkswagen Group, the new head of the design team for BMW i and BMW M sub-brands, search for a new chief designer of the Mini brand...
read moreKia replaced president in Czech Rep after two years
February 8, 2017 | 11:38pm CEToriginalThis happened shortly after the resignation of the Managing Director of the distribution company. The manager and his profile, Jae Woo Yim’s new job...
read moreCebia Summary 2016: Czech used car market grew by 6.1% in 2016
February 8, 2017 | 11:28pm CEToriginalDomestic sales as well as imports went up. Sales channels, the best-selling brands and models, the decline in prices, the impact of the EUR/CZK rate, results and changes in certified programs...
read moreHarley Extended Warranty: CarGarantie extended cooperation with Harley-Davidson in Europe
February 8, 2017 | 12:08am CEToriginalThe insurance company began offering extended warranties for new and used Harley-Davidson and Buell motorcycles in another Central European country. Parameters, details...
read moreGroup of deputies wants to return charge for uninsured cars in Czech Rep back in law
February 7, 2017 | 11:49pm CEToriginalThe charge would again be sent to the Czech Insurers’ Bureau. The calculation of the contribution, making the obligation to have an insured vehicle more accurate, enforcing only part of the damage, the details of the amendment...
read morePrague Municipal Police acquired Ford Ranger vehicles in tender
February 7, 2017 | 11:34pm CEToriginalNow the police are looking for a company making special adjustments. The contract price, the use of vehicles, the upcoming tender for the purchase of motorcycles...
read moreConstellium to build second plant in Czech Rep
February 6, 2017 | 10:25pm CEToriginalLocation, amount of investment, capacity, timing, HR, recruitment start, R&D, aluminum products for European and US cars, including EVs...
read moreOne manager returned to Scania after less than year
February 3, 2017 | 03:53am CEToriginalNow, however, he will have greater responsibilities than before. His profile, position, timing, details...
read morePorsche Inter Auto made several personnel changes in Czech Rep
February 3, 2017 | 03:38am CEToriginalThese relate to HR, PR and marketing. Rotation, timing, details…
read moreZAP: Sales of new cars in Slovakia rose by 13.1% in 2016
February 2, 2017 | 03:38am CEToriginalThe demand for vans and trucks also increased, while the interest in buses decreased. The results of individual brands, registrations in December, ZAP outlook for 2017...
read moreWTO partially complied with EU complaint on Russian duties on commercial vehicles
January 31, 2017 | 11:28pm CEToriginalAccepted and rejected arguments of the EU, the countries concerned, the amount of anti-dumping duties, expression of European Commissioner, one of many disputes since Russia has joined WTO...
read moreSMMT: Newly announced automotive investments in UK fell by 34% in 2016
January 30, 2017 | 11:49pm CEToriginalThe aftermath of the referendum on Brexit, production and export of cars and engines, the results of individual automakers, new models...
read moreCzech Rep announced second grant program call for EV purchase for companies
January 29, 2017 | 11:44pm CEToriginalThe amount allocated, the amount of aid, contributions on charging stations, regional restrictions, timing, results of the first grant program...
read moreTatra appointed new CEO
January 27, 2017 | 01:05am CEToriginalThe manager and his profile, leaving of Martin Bednarz, timing, production in 2016, targets for the next period, investments in Koprivnice...
read moreRecticel Automotive stopped production in Czech plant after fire
January 25, 2017 | 11:31pm CEToriginalThe company is not yet able to estimate the extent of damage to the Most plant and its equipment, or the impact on future production. Products and clients...
read moreVolkswagen to make shutdowns at one plant in Germany
January 25, 2017 | 11:19pm CEToriginalThe reason is weak demand for one model. Location, the model, terms of the shutdowns, problematic markets, generational change of another model at the factory...
read moreCeska zbrojovka increased sales in automotive division by 13% in 2016
January 25, 2017 | 12:12am CEToriginalDeliveries to North America have a large share in it. The plan for 2017, a tender for one sales position...
read moreHyundai won two tenders in Czech Rep
January 24, 2017 | 11:40pm CEToriginalIt will supply two state-owned companies with several hundred cars manufactured in Nosovice. The companies, participants of competitions, winning models, the number of vehicles, the value of contracts...
read moreBosch appointed new sales director of automotive factory in Czech Rep
January 23, 2017 | 11:50pm CEToriginalAt the same time, it made changes in the structure of sales management in Central Europe. Locations, managers, staff rotation, timing...
read moreNon-public charging stations for EVs in Czech Rep not to fall under new law
January 23, 2017 | 11:31pm CEToriginalThe proposal for their registration due to taxes, details of the amendment to the Act on Fuels, final approval procedure...
read moreRecticel plant in Czech Rep hit by fire
January 22, 2017 | 11:53pm CEToriginalNobody was injured. Location, extent and the expected losses, new orders of Recticel Automotive factories in the Czech Republic...
read moreFord to launch 13 electrified models by 2020
January 22, 2017 | 11:38pm CEToriginalElectric and hybrid passenger cars and commercial vehicles, autonomous hybrid car, FordPass, testing, investments in North American factories, production moving of one model to Mexico...
read morePlatooning: DB Schenker and MAN agreed to develop and test truck drives in convoys
January 20, 2017 | 03:47am CEToriginalDetails of the autonomous mobility project, pilot highway, the deployment of self-driving vehicles, timing, positive effects (economic, security, environment)...
read moreProduction of passenger cars and commercial vehicles in Poland increased by 2.8% in 2016
January 20, 2017 | 03:39am CEToriginalThe carmakers producing in the country are Fiat, Opel and Volkswagen. Results in December...
read moreDangerous chemical leakage at Borgers plant in Czech Rep again
January 18, 2017 | 11:57pm CEToriginalNobody was injured. Location, cause of the accident, production resumption, long-term problems with chemicals...
read more
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