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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
Michal Slajs became new manager for SkoFIN’s fleet and VIP customers
July 12, 2010 | 02:20am CEToriginalSlajs has assumed this position after Jan Kloud, who was promoted to the position of a marketing director in April. He came to SkoFIN from the company...
read moreGM to sell Nexteer Automotive division to Chinese company Pacific Century Motors
July 12, 2010 | 02:15am CEToriginalThe transaction value; products, customers and the scope of Nexteer Automotive activities, including Europe; new opportunities in China...
read moreRhiag Group continues to strengthen its position in Central Europe, bought Auto Kelly in Czech Rep
July 12, 2010 | 01:53am CEToriginalAfter the company Elit it is another acquisition of a dealer of spare parts. The transaction was realized by exchanging shares of the two subjects...
read moreSasaki: Toyota Motor not preventing further partnerships similar to Tesla Motors
July 12, 2010 | 01:18am CEToriginalBoth car manufacturers have signed a letter of intend on the development of electric vehicles, Tesla should supply Toyota with the first prototypes by…
read morePSA Peugeot Citroën to expand production in China, to set up joint venture with another partner
July 12, 2010 | 12:46am CEToriginalThe new plant with Chongqing Changan Automobile should be producing cars and LCVs. The amount of investment, location, expansion with a second partner Dongfeng Motor...
read moreHyundai strengthened team for long-time Renault manager in Czech Rep
July 9, 2010 | 05:15am CEToriginalAt the same time, importer Hyundai Motor Czech has appointed a new spokeswoman. New managers Jakub Tomas and Hana Holcova...
read moreVolkswagen increased sales by 15% to 3.5 million cars in H1, of which 2 million were VW cars
July 9, 2010 | 03:49am CEToriginalFor the plant in Mexico the carmaker counts on the production of the new generation VW Jetta and the New Beetle. Production growth of Audi in India...
read moreAuto Hase opened new Volvo showroom in Prague 5
July 8, 2010 | 02:00am CEToriginalAfter two years, the company has moved sales and servicing there from the original showroom in Orech, which has been sold. Location, services, Heico Sportiv, a loyalty program, introduction of the Volvo S60...
read moreAles Polak moved from GE Money Auto to Arval
July 8, 2010 | 01:43am CEToriginalPolak had been working at the GE Money Auto since 2001, most recently as a board member with responsibility for product and dealer management. His predecessor, Marek Pichal…
read moreGeneral Motors negotiates loan of USD 5 billion with banks
July 8, 2010 | 01:32am CEToriginalThe reason for negotiations on the loan is the GM’s effort to finance its expansion in the Chinese market and strengthening of its capital position in case...
read moreVolkswagen to change Porsche CEO for its own manager
July 7, 2010 | 04:23am CEToriginalIt will be Matthias Muller as of October 1, who is now responsible for product strategy and planning at VW. Michael Macht will move to…
read moreReinhard Fleger to leave Skoda Auto after year
July 7, 2010 | 01:01am CEToriginalIn the position of sales and marketing director he will be replaced by Jurgen Stackmann, a long-time manager of Ford of Europe. Fleger will move to…
read moreVolkswagen to restore continuous production in Slovakia, enrolling 1,000 people
July 1, 2010 | 03:11am CEToriginalIt is a transitional measure, scheduled from September 2010 to mid-2011 due to the high demand for new models, VW Touareg and Porsche Cayenne...
read moreSkoda Electric plans to produce trolleybuses in Russia
July 1, 2010 | 02:52am CEToriginalThe company considers buying a factory as well as a joint venture. Planned production, revenues and orders in 2010...
read moreAAA Auto majority owner Anthony Denny bought 1.1 million shares
July 1, 2010 | 02:10am CEToriginalHe has thus increased his share to 75.7%. Small shareholders will not see any changes regarding the acquisition, because…
read moreCzech Hyundai plant showed loss of CZK 1.9 billion at revenues of CZK 36 billion in 2009
June 30, 2010 | 04:48am CEToriginalIn Q1 2010, the factory is already in profit of CZK 176 million at revenues of CZK 11.4 billion. Production outlook for 2010, third shift launching…
read moreMubea to triple production of automotive springs and stabilizers in Czech Rep
June 29, 2010 | 05:51am CEToriginalSimultaneously, the company will concentrate individual productions. To this end, the company will build a new production hall in Prostejov. Details of construction and productions, customers...
read moreAutobond to open Opel showroom in Plzen, service centre already started operation
June 29, 2010 | 05:43am CEToriginalAutobond is an Opel dealer since 2008, when the company started offering the brand in Karlovy Vary. The date of the Opel showroom opening in Plzen...
read moreAudi, BMW and Mercedes-Benz increasing number of shifts and reducing leave due to rising demand
June 29, 2010 | 05:20am CEToriginalAll these German manufacturers of luxury cars increased sales in May at a double-digit rate. Details of the measure and interest in separate models...
read moreInternational competition of VW repairers: Service advisor from Auto Heller 3rd
June 29, 2010 | 12:16am CEToriginalAuto Heller recently renewed its website, on which as one of the few dealers operates a video/TV portal...
read moreAudi postponed plans to build plant in U.S., to continue to import cars from Europe
June 28, 2010 | 11:50pm CEToriginalThe reason is the strong dollar against the euro. The parent company Volkswagen is now building a plant in Tennessee, USA, which will launch operation in...
read moreGonow expands production in China, planning expansion in Europe
June 28, 2010 | 02:59am CEToriginalContemplated warehouse of cars and parts in the Czech Republic, cooperation with Axa Assistance in Italy, the expected interest in pickups and SUVs, extension of the range of models from two to four...
read moreLand Rover: Czech Rep has maximum space for 10 dealers
June 28, 2010 | 02:53am CEToriginalLand Rover has currently 8 dealers in seven cities in the Czech Republic and another 3 service partners. These are companies…
read moreSaarGummi won new contracts in Czech Rep, expecting turnover growth of 34% in 2010
June 28, 2010 | 02:34am CEToriginalThe company has been investing continuously and since March 2009 already recruiting new staff again. New orders for the current BMW 3 and the forthcoming Ford Transit...
read moreEurop Assistance started to provide assistance services for Nissan commercial vehicles in Central Europe
June 28, 2010 | 02:16am CEToriginalThe cooperation relates to special assistances for trucks over 3.5 tonnes in several European countries including the Czech Republic and Slovakia...
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