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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

Big carmakers ask Trump to revise consumption regulations and targets in US

November 13, 2016 | 10:52pm CEToriginal
The alliance of companies also recommended to rethink the current regulatory rules of the operation of self-driving cars. The automakers concerned...
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Czech Rep announced first grant call for municipalities and regions to purchase green scooters, cars and vans

November 13, 2016 | 10:37pm CEToriginal
Allocated amount, timing, the possibility of increased resources, a memorandum of cooperation with carmakers and energy companies, planned support for citizens...
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Technical school in Czech Rep merged Open Day with motor show

November 11, 2016 | 02:53am CEToriginal
The school, location, 17th year of the exhibition of not only road motor vehicles, demonstrations of material welding and bonding, fair of engineering firms, admission, website...
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Skoda Auto unions worried about jobs in production of conventional aggregates in Czech Rep

November 10, 2016 | 11:09pm CEToriginal
They would like to negotiate a similar contract as the Pact for the Future for Volkswagen plants in Germany. The shift to e-mobility, production of electric engines...
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New BMW dealership to arise in Czech Rep

November 10, 2016 | 02:53am CEToriginal
It will be the 15th sales point of this German premium brand in the country. Location, company, size, timing…
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GM to cut production at two plants in USA

November 10, 2016 | 02:39am CEToriginal
Locations, Chevrolet and Cadillac models, reasons, HR, sales results, planned investments...
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Ford wants to move production of small cars from USA to Mexico

November 10, 2016 | 02:25am CEToriginal
The automaker still creates jobs in the United States. Donald Trump's criticism, co-operation with the president-elect, investments, new products for the plant in Michigan...
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German carmakers concerned about Donald Trump being elected US president

November 10, 2016 | 02:02am CEToriginal
They are concerned primarily about their investments in Mexico. Trump's threats to impose duty on car imports from Mexico, VDA statement...
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One Mini dealership restored in Czech Rep

November 9, 2016 | 12:27am CEToriginal
The location, company, interim and new showroom, website, expansion of the sales and service network in the country...
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One top manager left Czech representation of Kia

November 8, 2016 | 02:35am CEToriginal
Reasons, successor, sales results of Kia Motors Czech, details…
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Car sales in Germany fell by 5.6% in October

November 7, 2016 | 05:15am CEToriginal
A decline was also seen in both the production and exports. Adjustment for working days, the registrations of individual brands, results over the 10 months...
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CzechInvest: Largest high-tech investors come from Switzerland, Japan, Czech Rep, Spain, USA and Germany

November 4, 2016 | 02:09am CEToriginal
Investments in the automotive industry in the Czech Republic over the past year, the planned number of jobs created in the next 3 years, Investors of the Year 2015...
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AAA Auto appointed new HR director

November 4, 2016 | 01:42am CEToriginal
It is a consultant cooperating with the company for more than a year. She will be responsible for personnel affairs of the company in all markets covered. Details…
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Geely reportedly to move production of some Volvo models from Europe to China

November 3, 2016 | 01:35am CEToriginal
The models and factories affected, export hub, timing, synergies, sales results...
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Nissan to move part of production of one model into Europe

November 2, 2016 | 01:11am CEToriginal
Location, model, timing, HR, increase in plant capacity, the alleged commitment of local government to provide extraordinary support the Japanese carmaker...
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Mototechna Bumerang: AAA Auto started offering credit with guaranteed redemption value for newish cars in Czech Rep and Slovakia

November 2, 2016 | 12:53am CEToriginal
Features of the product close to operating lease, financial partners, business plan, examples...
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King Long expands in Europe, established partner for Czech Rep and Slovakia

November 1, 2016 | 02:16am CEToriginal
The Chinese bus manufacturer has already been operating in 25 European countries. Profile of the local retailer, website, details...
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PSA optimizes its own network of PSA Retail dealerships

November 1, 2016 | 01:56am CEToriginal
Changes in France, the service centre for automatic transmissions and EVs, the results of the retail division in 2015, operating in Western and Eastern Europe...
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Blessing: Volkswagen to cut tens of thousands of jobs due to EVs

November 1, 2016 | 01:39am CEToriginal
These have fewer parts than combustion engine vehicles. However, the automaker's management intends to avoid compulsory redundancies...
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Benteler to sell Benteler Engineering division

October 31, 2016 | 12:50am CEToriginal
Furthermore, the company will develop business within three divisions: Automotive, Steel/Tube and Distribution. The buyer and its profile, strengthening especially in Germany, clients, consultants of the transaction...
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Nissan appointed new head for Central Europe

October 30, 2016 | 11:26pm CEToriginal
He has gained experience in European and global market. Current managing director for the Czech Republic, Slovakia, Hungary and Poland Antoine Barthes...
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Volkswagen solves shortage of qualified people in Eastern Europe also through lending staff within Group plants

October 25, 2016 | 11:57pm CEToriginal
The current case, the factories affected, the number of staff, timing, ongoing recruitment, increased pressure on the labour market due to the arrival of Jaguar Land Rover...
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Magna won several new orders for contract manufacturing of cars, planning another factory

October 25, 2016 | 01:47am CEToriginal
Automakers and models, timing, volumes, investments, capacity, HR, locations...
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Code of Ethics: Hyundai Motor Czech lost arbitration and some lawsuits

October 25, 2016 | 01:28am CEToriginal
The affected former dealers do not have to pay the required penalty for a withdrawal from contracts to the distributor, vice versa, they are now quantifying their damage. Details…
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Toyota and Suzuki plan cooperation

October 25, 2016 | 01:14am CEToriginal
They are offering partnership to other automakers, too. Investigating R&D opportunities in environmental, safety and information technologies, completion of the Daihatsu acquisition...
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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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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...
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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...
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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
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
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