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Coface CEE Top 500 Ranking 2024: Electronics, information and telecommunications industry (E/E, ICT; 60 largest firms, -1 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 4.4% to EUR 104-105 billion in 2023 (2022: EUR 100 billion), number of employees grew by 4% to 328,600. Largest companies in sector include LG Energy Solution Wroclaw (EUR 9.09 billion, -3%; 6,546 people, +7%), Samsung SDI Magyarország (EUR 6.04 billion, +48%; 3,344, +25%), Robert Bosch Elektronika (EUR 5.93 billion, +2%; 18,605, +7%), Harman Becker Kft (EUR 2.22 billion, -4%; 4,308, +9%), Continental Automotive Hungary (EUR 2.03 billion, +38%; 6,782, +6%), Bolt Technology (EUR 1.7 billion, +35%; 4,104, -1%), Vitesco Technologies Czech Republic (EUR 1.6 billion, +14%; 4,119, +5%), BYD Smart Device Hungary (EUR 1.24 billion, +65%; 183, +2%), SK Battery Manufacturing (EUR 1.18 billion, +267%; 1,185, +19%), Siemens s.r.o. (EUR 1.15 billion, +1%; 7,474, -1%), SK On Hungary (EUR 1.03 billion, +15%; 2,310, +81%), Bolt Operations (EUR 972 million, +16%; 780, +2%), DPD Polska (EUR 911 million, +1%; 4,545, +8%), Videoton Holding (EUR 811 million, +15%; 9,267, +1%), ABB Sp. z o.o. (EUR 756 million, -2%; 2,688, +68%), Hella Slovakia Lighting (EUR 712 million, +38%; 3,290, -0%), ABB s.r.o. (EUR 703 million, +32%; 3,000, +2%)
December 9, 2024 | 12:54pm CETflashread more
Office for Protection of Competition (ÚOHS) allowed AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová)
December 9, 2024 | 12:42pm CETflashread more
VDIK: German car market to fall by 0.9% to 2.82 million units in 2024 (2023: 2.84 million), of which 380,000 BEVs (-28%), 190,000 PHEVs (+8%), 120,000 HEVs (+28%), 600,000 MHEVs (+5%), 1,015,000 petrol (+4%), 500,000 diesel (+3%) and 15,000 gas+other vehicles (+1%). In 2025, new car sales in Germany to reach 2.7-2.85 million (-4.3% to +1.1%) depending on development of framework conditions for electromobility, Labbé said
December 9, 2024 | 12:37pm CETflashread more
VDA: Car production in Germany up by 1% y/y in November, export by 2%
December 6, 2024 | 11:24am CETflashread more
Carlos Tavares resigned as CEO of Stellantis (Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, Leasys), successor to be appointed in H1 2025. His contract was due to expire at beginning of 2026. In recent weeks different views between reference shareholders, Board of Directors and CEO emerged which resulted to this decision, Henri de Castries said
December 6, 2024 | 11:15am CETflashread more
SDA: New car registrations in Czechia up by 6.3% in November (vans -23.2%; trucks +1.7%; buses +49.7%; motorcycles +16.9%; trailers+semitrailers -4.6%), individual fuel/power types successful differently (BEV 1,249 +63.3%, PHEV 521 +16.6%, LPG 512 +43.8%, petrol 13,951 +9.1%, diesel 4,408 -8.7%)
December 6, 2024 | 11:04am CETflashread more
Czech Post continues to electrify its fleet, renewing almost 2,000 vehicles in 2024. Company to receive 1,958 new vehicles (of which 250 baterry electric vehicles; 994 vans – 460 Opel, 130 Ford E-Transit 350 Base, 404 n/a; 964 cars – 652 Škoda Kamiq 1.0 TSI Fresh, 44 Škoda Karoq, 120 Škoda Enyaq 85 Clever, 148 n/a) for more than CZK 1 billion (EUR 40 million), and 2,600 used vehicles (Ford Transit 2008, Renault Kangoo Expres 2007, Škoda 2009-2010) to be retired from fleet. This change to bring average age of Czech Post fleet to under three years. Of these, 250 (BEVs) vehicles to be owned by Czech Post, rest to be operated under operational lease for 3 years or financial leasing for 6 years. Company also plans to purchase another 80 charging stations in addition to its 25, using subsidies
December 5, 2024 | 04:34pm CETflashread more
SMMT: New car registrations in UK down by 1.9% in November (vans up to 3.5 tonnes +10.5%; trucks up to 6 tonnes +93%)
December 5, 2024 | 04:22pm CETflashread more
J.D. Power, GlobalData confirmed 2024 global new light-vehicle sales outlook at 88 million units (+1.5%). There continues to be level of risk with vehicle demand in Q4, but increase in October eased some of concern, Schuster (GlobalData) said. Firms simultaneously cut 2025 forecast by 500,000 cars, vans from 91.1 million (+3.5%) to 90.6 million (+2.7%). Autos are poised for continued growth in 2025 as conditions improve in key markets, he added
December 4, 2024 | 05:48pm CETflashread more
PFA: New car registrations in France down by 12.7% in November (vans up to 5.1 tonnes -16.2%; trucks -0.9%)
December 4, 2024 | 05:27pm CETflashread more
Libor Láznička decided to leave Continental after more than 30 years in April 2025. Tomáš Belza, former director of passenger tyre production (PLT), appointed as new tire plant manager in Otrokovice, Czechia (Continental Barum, Continental výroba pneumatik, Continental HT Tyres; 5,200 employees) on November 1
December 2, 2024 | 10:44am CETflashread more
AutoWallis Group (SsangYong distributor in Czechia, BMW dealer in Hradec Králové, Prague and Pardubice, Czechia, representative of more than 20 brands in 16 countries of Central and Eastern Europe/CEE; revenues of HUF 366 billion/EUR 925 million and sales of 44,909 vehicles in 2023) to acquire Milan Král Holding dealer group with 200 employees in České Budějovice, Czechia (Milan Král a.s. – Mercedes-Benz car, van, truck dealer, market share of 6%; ACR Auto – BMW, BMW Motorrad dealer, market share of 7%; MNC Auto – Ford car, van dealer, Opel service; MK Kar-Lak – body shop, paint shop; MK Správní společnost; sales of 1,300 new, 700 used vehicles per year; revenues of HUF 50 billion/EUR 111 million/CZK 2.8 billion in 2023) from founders (Milan Král, Iveta Králová), expanding portfolio by two new brands (Mercedes, Ford). Transaction began to be assessed by Office for Protection of Competition (ÚOHS), it is largest acquisition in AutoWallis’s history
December 2, 2024 | 10:36am CETflashread more
Changes
Another three people to leave Hyundai Motor Czech
July 28, 2010 | 12:38am CEToriginalOne of them is the sales director Jan Cervinka. His new position, the names of the other two managers, their careers...
read moreNissan to invest EUR 460 million in production capacities in Mexico
July 27, 2010 | 11:26pm CEToriginalThe investment will be headed for the modernization of the Nissan factories in Mexico, where the carmaker plans to launch production of its three new small models...
read moreMVC Automotive Group to accelerate expansion in Czech Rep, taking over showroom in Orech from Auto Hase
July 27, 2010 | 12:38am CEToriginalThe subsidiary Auto Motol Beni will open there its third Ford showroom in Prague. The multi-brand complex, plans with other facilities...
read moreSolaris expects further growth of global sales in 2010, stagnation in Czech Rep
July 26, 2010 | 11:52pm CEToriginalSales and financial results in 2009, customers on the Czech market, further development in connection with trams...
read moreGM plans to make IPO in mid-August
July 26, 2010 | 11:46pm CEToriginalIt should happen after the publication of financial results for Q2. Analysts expect that the initial public offering could bring the carmaker...
read moreZdenek Fort to leave Hyundai Motor Czech
July 25, 2010 | 11:58pm CEToriginalIn the Czech representation of Hyundai, he currently holds the position of general manager. Reason and date of his leaving, his successor, professional career...
read moreGM to restore financial division by acquisition of AmeriCredit
July 25, 2010 | 11:45pm CEToriginalDealers in the U.S. have complained that due to strict credit requirements of companies in the market and the lack of the carmaker´s captive company have been losing customers. Details in the U.S. and Europe...
read moreSkoda Joyster: Carmaker to allegedly give its new entry-model old-new name
July 23, 2010 | 01:01am CEToriginalPetrol and diesel engines, drive and engine mounting, prices, marketing, and the fourth brand for a mini car from Bratislava...
read moreE.ON preparing another station for CNG vehicles and electric cars in Czech Rep, not yet planning to build network
July 23, 2010 | 12:49am CEToriginalThe third CNG filling station, the second charging station for electric cars, the forthcoming autumn campaign on e-mobility…
read moreKia Motors confirmed outlook of production in Slovakia in 2010
July 22, 2010 | 11:30pm CEToriginalProduction rose by 67% in H1, the plant in Zilina produced a record 20,300 cars in June. Production of engines, the summer shutdown of production...
read moreHalfords showed loss of CZK 330 million in Czech Rep since 2007
July 22, 2010 | 10:57pm CEToriginalAlthough sales went up by 15.3 % in the financial year 2009/2010, operating loss tripled...
read moreProduction of vehicles in Czech Rep up by 18% in H1, passenger cars by 18.3%
July 22, 2010 | 09:58am CEToriginalSkoda Auto increased production by 16.7%, TPCA by 1.8%, Hyundai by 83.7%, Avia by 52.6%, SOR by 3.8%. Conversely, Tatra and Iveco decreased production...
read morePorsche plans SUV smaller than Cayenne, production to be decided next week
July 22, 2010 | 03:00am CEToriginalKeeping the current jobs in Germany by 2015 in exchange for productivity growth of 6% per year, investment up to EUR 1 billion in Germany...
read moreToyota Motor possibly to cut production in Japan by 20% from October
July 22, 2010 | 02:37am CEToriginalThe reason is an expected drop in demand due to the end of government subsidies for car sales. The current and projected daily production for Q4...
read moreSOVA, Cebia: Used-car shops’ punishment being not enough, necessary to focus on companies handling mileage too
July 22, 2010 | 02:13am CEToriginalSOVA discovered 43 companies on the Web offering tachometers’ modification in the Czech Republic. Cebia recorded a car with a rewound tachometer for about 620,000 km...
read moreFord Motor and partner Jiangling Motors to build new factory in China
July 22, 2010 | 02:00am CEToriginalThe amount of investment, operation start-up, annual production capacity, currently plants in China and their parameters...
read moreSchaeffler wants to build three plants in Asia by 2012, expand existing plants and to strengthen development
July 21, 2010 | 01:36am CEToriginalThe new plants in China and India will be added to the 11 existing in Asia. The total investment should reach EUR 300 million...
read moreSubway wants to open fast-food restaurants at filling stations and car showrooms in CEE
July 21, 2010 | 01:19am CEToriginalThe first corner with fast food in Poland, the planned expansion, reduced input costs for partners with lesser area intensity...
read moreToyota's first electric car with Tesla engine to be RAV4 SUV
July 21, 2010 | 01:06am CEToriginalBoth the carmakers are testing the first prototype; others will be added by the end of 2010. The electric Toyota RAV4 will go on sale in the U.S. in...
read moreGeneral Motors to continue production in Strasbourg, employees agreed to freeze wages
July 21, 2010 | 12:56am CEToriginalGM took the French factory back from the Motors Liquidation and it intends to allocate the production of new products...
read moreToyota Motor to build new plant in Brazil
July 20, 2010 | 11:49pm CEToriginalIt will be the third plant in the country, which officially opens in H2 2012. Location, amount of the investment, production capacity, the planned staffing...
read moreCzech Hyundai plant discussing problems with instructed overtimes again
July 20, 2010 | 04:21am CEToriginalAt the moment, the factory has started to ordain them due to the shortfalls in production in the past week caused by the disruption of components supplies...
read moreDaimler and Foton Motor to establish joint venture in China to produce trucks and engines
July 20, 2010 | 04:03am CEToriginalInvestments, shares in the joint venture, location, planned production capacity of vehicles and engines, the current profile of Foton Motor...
read moreDalibor Komarek left Home Credit after 8 years
July 20, 2010 | 03:58am CEToriginalHe has been replaced in the post of the head for marketing communications in the Czech Republic and Slovakia by Cyril Krupala who came into the Home Credit from the company...
read moreSteve Bracks introduced Australian government’s program to develop green technologies in automotive industry in Czech Rep
July 20, 2010 | 03:53am CEToriginalIt offers opportunities for Czech manufacturers of car components. Details of the program and a visit of Bracks...
read more
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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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King Long expands in Europe, established partner for Czech Rep and Slovakia
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