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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 CETflash
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Changes

Velek: Audi to sell over 6,000 cars in Czech Rep in 2016

December 4, 2016 | 11:35pm CEToriginal
This will be contributed significantly by SUVs. Universal spring campaign, the Untaggable campaign for the new Q2, new models in the years 2016-2017...
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Kia appointed interim chief executive in Czech Rep

December 1, 2016 | 11:53pm CEToriginal
It happened one month after the departure of Vlastimil Cepicka when Managing Director competence was taken over temporarily by president of Kia Motors Czech...
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Czech Rep approved incentives for upcoming Bosch investment

December 1, 2016 | 11:35pm CEToriginal
Location, extent and amount of the investment in production and R&D, the amount of support, HR, timing, government's intention to change the system of investment incentives…
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China imposed special tax on luxury cars

December 1, 2016 | 11:25pm CEToriginal
The affected vehicles, the amount of the tax, reasons, the possible impact on the exclusive car manufacturers...
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Chamber of Deputies approved amendment to conditions for operating vehicles on roads in Czech Rep

December 1, 2016 | 02:45am CEToriginal
Changes concerning car registrations, including veterans, illegal adjustments such as removal of the particulate filter, recall actions, refueling...
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Car production in UK down in October for first time in more than year

December 1, 2016 | 02:24am CEToriginal
Reasons, production for the domestic market and export, results for 10 months, uncertainty about Brexit...
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Jaguar Land Rover announced first model for plant in Slovakia

November 30, 2016 | 12:02am CEToriginal
It is a model of the Discovery Series of the terrain brand Land Rover. Details of the main product for Nitra, production in multiple locations, great demand for jobs, start of recruitment...
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CarGarantie and BMW extended cooperation in Central Europe

November 28, 2016 | 11:40pm CEToriginal
The companies have expanded cooperation on one of the existing markets with further business segment. The country, product specifications...
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Volkswagen to build plant in Algeria

November 27, 2016 | 11:50pm CEToriginal
The joint venture, location, expansion of the cooperation with a long-term partner, the assembly of VW, Seat, Skoda cars and VW vans, capacity, timing...
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Antitrust authority again canceled tender for new operator of Czech vehicle registry

November 27, 2016 | 11:31pm CEToriginal
The Ministry of Transport had not provided some important information in the tender documents, which it wanted to give to the winner. The Ministry have not appealed against it yet and is preparing solutions to further operation of CRV...
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Renzi: FCA to create 2,000 jobs in production of Alfa Romeo cars

November 27, 2016 | 11:11pm CEToriginal
Location, timing, entry into the SUV segment with the Stelvio...
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Czech Police to buy more cars in classified mode

November 27, 2016 | 11:04pm CEToriginal
The number of vehicles, the estimated value of the contract, timing, the exemption from the National Security Authority, the previous tender...
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Nissan appointed new head for Czech Rep and Slovakia

November 24, 2016 | 11:57pm CEToriginal
At the same time, the company changed the management structure in Central Europe. The existing country managers, Marek Safarcik and Marian Hoffer…
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Generali considers selling activities in 13 to 15 countries

November 24, 2016 | 03:12am CEToriginal
It does not plan dismissals, but does not exclude job cuts. Reasons, the countries concerned, reactions of the stock exchange, profile of the company with activities also in CEE...
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Some towns and regions in Czech Rep welcome subsidies for green cars and vans

November 24, 2016 | 02:57am CEToriginal
The subjects concerned in Pilsen, Karlovy Vary, Usti, Liberec and Moravian-Silesian Regions, exchange of a hybrid for a petrol car, details...
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Carismo: Online platform for purchase and sale of checked used cars established in Czech Rep

November 22, 2016 | 11:46pm CEToriginal
Authors of the e-shop, business model, benefits, 200-point technical examination, offer, service prices, partners, external funding, upcoming expansion into the segment of new cars…
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Volkswagen to expand aggregate production in Slovakia

November 22, 2016 | 11:33pm CEToriginal
The German carmaker is continuing at a high investment rate in this Eastern European country. Location, amount of investment, HR, timing...
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Car4way to double fleet of shared cars

November 22, 2016 | 12:01am CEToriginal
Expansion of the model range with electric, commercial and sports vehicles, expansion into other cities, prices and bonuses, partners, a shift from bound to free carsharing, visions and goals...
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Tesla Gigafactory 2: Czech Rep has great chance for giant e-mobility investment

November 21, 2016 | 03:15am CEToriginal
Reasons, locations concerned, sources of lithium for batteries, decision, acquisition of Grohmann Engineering...
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Volkswagen to cut 30,000 jobs, creating new elsewhere

November 20, 2016 | 11:27pm CEToriginal
Locations, anticipated savings, productivity growth, investment in autonomous EVs and digital technologies, profitability increase, the agreement with the unions on not dismissing staff…
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Slovakia announced first grant call for purchase of EVs and PHEVs

November 20, 2016 | 11:13pm CEToriginal
Allocated amount, cars and vans concerned, the amount of aid paid gradually, application at dealers, target groups, timing, inspiration, current green fleet in the country...
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Porsche Mission E: Porsche to create at least 1400 jobs for first EV

November 20, 2016 | 11:03pm CEToriginal
Investments in R&D and production in Germany, parameters of the concept car of enabling induction charging, timing, profit break-even point...
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AAA Auto strengthened top management

November 18, 2016 | 04:39am CEToriginal
A manager with extensive experience from the Volkswagen Group joined the used car dealer. Another manager left the company...
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Defend Smart Repairs Group: Defend introduced fourth division, to deal with smart car repairs

November 15, 2016 | 11:32pm CEToriginal
Distribution of the HBC System technology in the Czech Republic and Slovakia, an exchange of partner in the Slovak market, service and training centres, expansion in CEE, prices, websites...
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AAA Auto entered market with GAP insurance for used cars

November 15, 2016 | 02:30am CEToriginal
The network of used car shops has again approached the dealers of new vehicles. Countries, partner, variants, scope of coverage, prices...
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