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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
Bohdan Wojnar became new president of Czech Automotive Industry Association
December 20, 2016 | 11:41pm CEToriginalHe has been elected for a longer period than his predecessor Martin Jahn. The new vice president and two members of the Board of Directors, the Lifetime Achievement Award...
read moreHyundai launched sale of EVs and HEVs in Czech Rep
December 20, 2016 | 11:21pm CEToriginalThe Ioniq will be offered by selected dealers. Versions, specifications, warranty, prices, timing, microsite, business objectives, hydrogen drive…
read moreSlovakia subsidized purchase of 50 EVs and HEVs over month
December 20, 2016 | 03:28am CEToriginalThis represents approximately the annual sales of electric vehicles in the country. Most desirable cars and drives, ZAP evaluation…
read moreFord aims to strengthen dealer network in Czech Rep
December 18, 2016 | 10:21pm CEToriginalThe current and intended state, demanded locations in Bohemia and Moravia, the current model range, benefits...
read moreBP changed distribution strategy of Castrol lubricants in Europe
December 18, 2016 | 10:05pm CEToriginalRecently, the implementation has taken place in Central Europe. Newly designated distributors Servind, Stahlgruber, Rhiag or Inter Cars, B2B clients, changes for brand service centres...
read moreKaplan: Innogy to expand CNG stations network in Czech Rep by 50% in 2017
December 18, 2016 | 09:43pm CEToriginalPlanned investments, new filling machines in 2016, collaboration with Benzina, a new Innogy brand for part of the RWE activities...
read moreChinese companies apparently lost interest in Osram
December 16, 2016 | 03:29am CEToriginalThey respond to growing political resistance to investments from China, which is evident in Germany and the USA. The companies did not comment on the information. Interest in the Siemens's share...
read moreCar sales in Germany rose by 1.5% in November
December 16, 2016 | 12:18am CEToriginalProduction and exports also recorded a growth. Registrations of individual brands, results in 11 months...
read moreGovernment approved measures to improve fleet in Czech Rep
December 14, 2016 | 11:49pm CEToriginalThe agreement of ministries, an analysis, support for the purchase of green cars and vans in the state administration, contribution to disposal of aged vehicles, bonuses and maluses in registrations, low-emission zones in cities...
read moreFairPlayAuto began to resell used luxury cars
December 14, 2016 | 11:38pm CEToriginalIt happened after two years of existence of the Internet company. The founders of the start-up, innovative website, business model, partners, the results so far...
read moreOnly one candidate for president of Czech Automotive Industry Association
December 13, 2016 | 11:57pm CEToriginalHe may not be elected next week though. Other items on the agenda of the meeting of AutoSAP Board of Directors...
read moreAudi chose new PR specialist in Czech Rep
December 13, 2016 | 11:38pm CEToriginalHe joins the premium brand, leaving two exclusive. He also has experience from motorsports, in which Audi is involved. His profile, timing...
read morePetr Neuman to leave Emil Frey
December 12, 2016 | 11:57pm CEToriginalHe will retire from this Swiss company after 25 years, founding and leading not only the Subaru distributor in the Czech Republic. Reasons, his successor with experience from many automakers...
read moreToyota appointed new head of joint venture in Czech Rep
December 12, 2016 | 11:40pm CEToriginalIt is a planned personnel change of Kenta Koide, who held the post for four years. His successor, Koide's new job...
read moreSkoda Auto won major contract in Czech Rep
December 12, 2016 | 11:29pm CEToriginalIt beat three dealers in the tender. The client, number and value of cars, models and specifications, warranty, tendered wholesale discount, timing, details of the contract...
read moreCar of the Year 2017 in Czech Rep: Car Importers Association wants to enhance poll
December 12, 2016 | 12:39am CEToriginalHowever, in the tender declared the association yet confirmed the existing agency, which in recent years contributes to the decline of the competition. Better media coverage, the changes among the sponsors...
read moreDieselgate: EC started legal action against seven countries due to car emissions
December 8, 2016 | 11:56pm CEToriginalWhile there is lack of related legislation in the Czech Republic, Lithuania and Greece, four Western European states have it, having not applied sanctions. The reaction of individual countries...
read moreKia to double investments in Slovakia in 2017
December 8, 2016 | 03:02am CEToriginalInvestments in the Zilina plant in 2016, the plan for 2017, HR, logistics, models, the most popular colours, the 10-year anniversary of production...
read morePorsche Inter Auto appointed new head in Czech Rep
December 7, 2016 | 03:55am CEToriginalChristian Lang returns to the headquarters in Austria after five years, where he will take up the position with responsibility for multiple countries. Details…
read moreCaara.cz: Another service for purchase and sale of proven used cars via Internet established in Czech Rep
December 7, 2016 | 03:33am CEToriginalAuthors and investors of the start-up, its business model, benefits, guarantees, technical analysis of cars, the offer, partners, expansion throughout the country, sales plans...
read moreToyota and PSA cut night shifts in Czech plant
December 7, 2016 | 03:21am CEToriginalParts of TPCA staff do not like it because their work week expands by one day. Related measures, a research of a US university...
read moreVolvo Car looking for new dealer for one site in Czech Rep
December 6, 2016 | 12:09am CEToriginalThe affected city and dealer situation there, the details of the tender, requirements, timing...
read moreLouda Auto intends to grow by 15% in 2017
December 5, 2016 | 11:56pm CEToriginalA new branch in Prague will help it. The location, investment, brands, HR, services, private off-road track, spare car billed by hours, Louda Racing Camp, partnership with HC Sparta Praha...
read moreHyundai Lifetime MapCare: Hyundai unveiled new navigation upgrades in Europe
December 5, 2016 | 11:28pm CEToriginalPartner, affected new and older cars, the amount of customer savings, expansion of free updates in the Czech Republic to 10 years...
read moreHyunnam Automotive to expand plant in Slovakia
December 4, 2016 | 11:55pm CEToriginalThe location, amount of investment, a new hall and technology, product portfolio expansion, HR, timing, clients, investment incentives, closing a trade office in the Czech Republic...
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