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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 moved Czech branch including training centre
January 18, 2017 | 11:48pm CEToriginalThe reason is rising demands on staffing and space. The original and the new address, details...
read moreCar production in Slovakia up by 0.1% in 2016 to new record
January 18, 2017 | 05:31am CEToriginalSlovakia remained the largest car producer per capita, according to ZAP. While production of PSA and Kia increased, production of Volkswagen declined. ZAP outlook for 2017, HR...
read moreDonald Trump threatened BMW with high duties on car imports into US
January 16, 2017 | 11:55pm CEToriginalHe does not understand that some automakers have global production hubs for certain models. The response of BMW, VDA and Germany, exports from Spartanburg to the whole world...
read moreServind extending its activities in body repairs
January 16, 2017 | 11:19pm CEToriginalPartnership with Car-O-Liner for the Czech Republic and Slovakia, opening of the bodywork training centre in Prague, expanding the portfolio of products, not only for painting (SaicoZero, EMM, Wielander + Schill, Castrol)...
read moreChina extended tax benefits for small cars
January 16, 2017 | 11:09pm CEToriginalThe government aims to encourage car sales, which began to revive thanks to the introduction of tax relief in 2015. However, the tax in 2017 increased by a few percentage points...
read moreAGC Automotive agreed with Czech plant unions on new collective agreement
January 15, 2017 | 11:48pm CEToriginalThe length of validity, double-digit wage growth of blue-collar workers in the years 2017-2018 in two phases, a new variable component, increase in THP salaries, development of the benefit program...
read moreNaOperak.cz: Another grabber for operating leases established in Czech Rep
January 15, 2017 | 11:10pm CEToriginalThe author of the project and his other activities, car and van brands offered, the most popular brands and models partners (leasing companies, dealers), target groups...
read moreDonald Trump threatened Toyota with high tariffs on car imports into US
January 11, 2017 | 11:28pm CEToriginalHowever, he is again demonstrating his unawareness of correct and sufficient information. The automaker is preparing a relocation of production of one model from Canada to Mexico. Conflict of duties with the NAFTA agreement...
read moreYanfeng Automotive Interiors expands technology centre in Slovakia
January 10, 2017 | 11:32pm CEToriginalIt is one of the five R&D centres of the company in the world. The amount of investment, HR, timing, incentives from the state, a new testing unit, other activities of the company in the Central European country...
read moreWalmark entrusted car fleet in Czech Rep and Slovakia to LeasePlan
January 10, 2017 | 11:02pm CEToriginalIt happened shortly after the change of ownership. Leaseback, operating leases with open calculation, the number of cars, brands, the planned extension of cooperation to other countries, the former solution...
read morePorsche Inter Auto supplied Czech Police with 10 Audi cars
January 9, 2017 | 11:46pm CEToriginalThe affected models, the contract price, the use, special equipment, renewal of the fleet with cars of nearly double power, the use of the original cars...
read moreInteraction became distributor of Wielander + Schill products
January 8, 2017 | 11:57pm CEToriginalContinued expansion of the range of materials, equipment and technologies for body shops (Henkel Teroson, FlexiTherm, Wefa), the new certification according to ISO 9001 and ISO 14001...
read moreDB Schenker expands activities in light manufacturing
January 8, 2017 | 11:47pm CEToriginalThe project in Germany was expanded with another one in the Czech Republic. Client, relocation of assembly of components closer to the production line of the automaker, models, volumes, reasons, HR...
read moreCzech Police to get 135 BMW motorcycles
January 8, 2017 | 11:35pm CEToriginalModels, special adjustments, supplier-dealer, contract value, use, handover in two phases, funding source, driver training, motorcycle fleet of police...
read moreIntel to buy stake in mapping company Here
January 5, 2017 | 11:39pm CEToriginalIt wants to break into the technology for autonomous driving. Size of the stake, a new transport services monitoring the current situation on the road kilometres ahead...
read moreCar sales in Germany up by 4.5% in 2016
January 5, 2017 | 11:29pm CEToriginalGrowth was seen in production, exports stagnated. Demand for Jaguar, Alfa Romeo and Lexus cars grew most. Registrations of individual brands, the results in December...
read moreMagna moved part of its production in Czech Rep
January 4, 2017 | 11:45pm CEToriginalReasons, locations, products, client, models, HR, new projects for Mercedes and Jaguar, revenues, 70 years of the Liberec factory, management of the CEE plants from the Czech Republic, changes after selling interior division...
read moreFord cancels planned construction of plant in Mexico
January 4, 2017 | 02:26am CEToriginalInstead, the carmaker is investing USD 700 million in one of its factories in the United States. Reasons, location, products, HR, reaction of the stock exchange...
read moreMagna bought four manufacturers of automotive components over past two years
January 3, 2017 | 12:42am CEToriginalRecently, it has acquired a German company BOCO. The sale of Interiors Operations Division, the acquisition of part of the activities of Philips & Lite-On Digital Solutions...
read moreRussian investor entered into Avtovaz
January 2, 2017 | 02:18am CEToriginalThanks to this Renault does not need to invest the originally promised amount in raising capital of the Russian carmaker. The investor, shares, financial results in H1 2016...
read moreVolvo Trucks expects 6,000 trained drivers in Central and Southeastern Europe in 2016
December 29, 2016 | 11:57pm CEToriginalThe situation in the Czech Republic, the success of regional trainers, the victory of a Czech in the 5th year of the Drivers’ Fuel Challenge, partners, Dynafleet FMS system, Volvo Concept Truck...
read moreAlpina to produce 1,600 cars in 2016
December 27, 2016 | 11:58pm CEToriginalHowever, the record year 2014 will not be exceeded. The most important markets, the model range, entry into two new markets outside Europe...
read morePeleska: Sales of Toyota and Lexus cars in Central Europe to increase by 40% in 2016
December 26, 2016 | 11:18pm CEToriginalThe situation in the Czech Republic, demand of private and corporate clients, penetration of HEVs, results of the Toyota Weekend, the new Toyota C-HR, plans for 2017, Lexus showroom according to a new concept…
read moreVolvo Car raised capital through issuing shares and selling them to several Swedish investors
December 22, 2016 | 02:51am CEToriginalThe subjects concerned, financial volume, the first capital increase since the entry of Geely, speculation about the return of the carmaker to the stock market, sales results...
read moreInnogy agreed on cooperation with another network of filling stations in Czech Rep
December 20, 2016 | 11:57pm CEToriginalIt is not going to install new CNG filling machines only in the Benzina network. Partner, timing, the new generation of filling stations, locations, nonstop refuelling with a payment terminal...
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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)...
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ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
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New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
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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
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