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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
Ombudsman called on Czech Trade Inspection to stricter approach against used-car shops
July 20, 2010 | 03:24am CEToriginalIt should focus in particular on the handling of tachometers and content of contracts, where the relationship of the car age and mileage is mentioned...
read moreVolkswagen to build another factory in China
July 20, 2010 | 03:09am CEToriginalThe plant will start operation in 2013 with 4,000 employees and will produce up to 300,000 cars a year. Volkswagen sales in China in H1...
read moreKocourek (MPO): New government does not take scrap bonus into account in Czech Rep
July 20, 2010 | 02:53am CEToriginalScrap bonus was introduced by 12 European countries in 2009 as anti-crisis measure to reduce the decline in car sales...
read moreRenault to invest EUR 240 million to keep stake in AvtoVAZ
July 20, 2010 | 02:30am CEToriginalThe reasons are two issues of shares which will be bought by the Russian state company Russian Technologies, thereby increasing its stake in the carmaker from the current 25% to...
read morePolar Mobil aims to have maximum of 8 Saab dealers in Czech Rep
July 16, 2010 | 12:55am CEToriginalAt present, Saab has two dealers with three car showrooms and five service points in the Czech Republic. However, a new dealer has been added, planning to open its showroom in...
read moreAutobond to expand its portfolio in Czech Rep with fifth brand
July 16, 2010 | 12:21am CEToriginalThe brand will be offered in the complex, which is currently being built in Plzen, together with Suzuki and Opel brands. The new brand, expected annual sales in Plzen...
read moreFord Motor confirmed retaining Volvo Car managers Stephen Odell and Stewart Rowley
July 15, 2010 | 11:58pm CEToriginalOdell will become the head of Ford of Europe, where he will replace John Fleming. Details of these and other personnel changes...
read moreAuton ceases operation in car sale and service
July 15, 2010 | 04:02am CEToriginalThe original owner of Skoda and Seat dealerships in Usti nad Labem sold the company. Intentions of new owner, current state of licenses in the city...
read moreDelphi’s Czech plant does not receive new contracts, employees expect production in Ceska Lipa to be ceased by 2013
July 15, 2010 | 03:46am CEToriginalDelphi Packard Electric has now dismissed a further 130 people and others will follow. Conversely, Johnson Control or Fehrer Bohemia are singing on new employees…
read moreVaclav Balek to leave Ceska pojistovna, reputedly to Allianz
July 15, 2010 | 03:38am CEToriginalSpokeswoman Pavla Pasekova left Allianz insurance company in late June. Tender, new Pasekova’s place of work...
read moreKarlovy Vary Region proposes to alleviate conditions for operation of VTS
July 15, 2010 | 03:06am CEToriginalRevocation of licenses would be just for recidivism, a fine to CZK 500,000 for less serious offenses. Another proposal of the Ministry of Transport...
read moreMartin Kofron to leave SkoFIN after 14 years and thereby also management of CLFA
July 14, 2010 | 04:23am CEToriginalKofron is a proxy and the head of SkoFIN legal department as well as the chairman of CLFA. Reasons and date of his departure…
read morePGO Automobiles wants to strengthen sales in Central Europe, importer agreed with new partner
July 14, 2010 | 04:04am CEToriginalThis small-series manufacturer of retro cars takes a number of components from Czech suppliers. The previous and new partner, engines, prices, suppliers...
read moreGM ceased production of Hummer cars, still looking for investor
July 14, 2010 | 01:25am CEToriginalIn Central Europe, there are still several stock cars. If the investor is found, a small model of Hummer H4 could get into the production…
read moreExpert: Future of retail car sales to be in large volumes
July 14, 2010 | 01:17am CEToriginalLarge sales volumes can only be realized by dealers with more branches and more brands. Extending service intervals, bankruptcies and acquisitions of dealers...
read moreCeska sporitelna merged subsidiaries engaged in auto financing
July 14, 2010 | 12:41am CEToriginalIt is the leasing company s Autoleasing and the loan company s Autouver. Details of the merger…
read moreIranian government sold 18% share in carmaker Iran Khodro
July 13, 2010 | 11:56pm CEToriginalThe Government still holds a 20% share in the company, which is a partner of Renault, Peugeot and Suzuki. The structure of the consortium of investors, the transaction value...
read morePeugeot to produce next model with Malaysian carmaker NAZA from H2 2011
July 13, 2010 | 11:33pm CEToriginalIt will be a sedan, which will follow the already produced Peugeot 207. Planned volume of the production...
read moreTatra wants to expand worldwide, considering assembly plants in Eastern Europe and Asia
July 13, 2010 | 04:14am CEToriginalThe company also sees potential in Brazil, Saudi Arabia, Canada or Australia. The considered sites, the possibility of individual markets, a shift to automatic gearboxes...
read moreNissan to suspend production in Japan due to car parts’ shortage from Hitachi
July 13, 2010 | 03:51am CEToriginalThe three-day outage of the production is going to affect 15,000 vehicles. Problems of the company Hitachi, which are caused by its supplier, could hit other two Japanese carmakers...
read morePrices of new cars in EU up by 1.1% in 2009, fell by 0.6% in real terms
July 13, 2010 | 01:35am CEToriginalIn the Czech Republic, nominal prices fell by 9%, the real ones by 9.4%. The drop in prices was 11% in Slovakia. Data for other EU countries, the prices of repairs, maintenance and spare parts...
read moreUOHS imposed fine of CZK 160,000 to Lesy CR for illegal split of contract for car purchase
July 13, 2010 | 01:25am CEToriginalLesy CR has defended itself by the substantial discount from the Import Volkswagen Group, but did not implement any comparison of more offers. Next steps...
read moreProduction of new generation Fiat Panda to possibly begin in Italy in H2 2011
July 13, 2010 | 12:31am CEToriginalOnly 62% of worker from the Italian factory voted for the production shift from Poland, inter alia, due to restrictions of certain rights and benefits...
read moreGermany rejected request of Ford Motor on state aid
July 13, 2010 | 12:22am CEToriginalAfter Opel it is another refusal in a short time to provide additional loan guarantees from the German government for the domestic carmaker. Reasons of the decision...
read moreSales of new cars in Poland rose by 5.1% in June, fell by 6.3% in H1
July 13, 2010 | 12:16am CEToriginalThis is the second monthly increase in a row. Skoda remains the market leader, followed by Fiat, Volkswagen and Ford. Outlook for the Polish market...
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