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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
FAZ: Ford Motor retained Stephen Odell for Ford of Europe, new head of Volvo Car to be Stefan Jacoby
June 28, 2010 | 02:07am CEToriginalVolkswagen is still negotiating a new contract with Jacoby, and plans personnel changes in Porsche. The interim head of Volkswagen of America has become...
read moreTatra expects sales of around 1,000 trucks in 2010
June 28, 2010 | 01:59am CEToriginalIn 2009, Tatra's management has been adversely affected by the discounts on vehicles and redundancy payment for employees. Subsidiaries are, however, already in profit...
read moreSlavomir Rozman left Defend Group
June 28, 2010 | 01:37am CEToriginalHis successor has not been appointed yet, competences have been taken over by the marketing manager Alice Machackova...
read moreFord to build factory in Thailand by investment of USD 450 million
June 27, 2010 | 11:52pm CEToriginalThe new plant will have an annual production capacity of 150,000 cars, of which 85% will go for export. The production will start there in 2012 with the model...
read moreUOHS disapproved appeal of A. Charouz in case of cancelled tender for vans in value of CZK 300 million for Czech Post
June 25, 2010 | 07:17pm CEToriginalThe Czech Post did not appeal against the original decision of the UOHS, and will announce a new tender...
read moreGhosn: Renault and Nissan want to sell 500,000 electric vehicles by 2015
June 25, 2010 | 02:19am CEToriginalRenault also wants to repay part of the state aid, acquired together with PSA Peugeot Citroen in early 2009, in advance. Details...
read moreCarmakers in Czech Rep want government to support sales of green cars
June 24, 2010 | 03:53am CEToriginalThey suggest, first, subsidies for the purchase of new cars, or restriction of entry to city centres for non-ecological cars. The SAP already sent a proposal to the MPO...
read moreFiat unions approved plan to rescue factory near Naples, but without unanimous support
June 24, 2010 | 03:32am CEToriginalThe carmaker’s head required unanimous support. The plan envisages with tripling of the number of employees and an annual production of Panda model...
read moreFleming (Ford of Europe): Cause of aggressive price cuts in cars on market is excess production capacity
June 24, 2010 | 02:58am CEToriginalCapacity in Europe, of which 35% are unused, must be reduced, according to Fleming. Car sales in Europe should stagnate in Europe in 2010, according to Ford…
read moreFiat to take control of Chrysler Group's sales activities in Europe
June 23, 2010 | 02:20am CEToriginalThis will mean changes for importers, dealers and financing. The junction of dealer networks of Chrysler and Lancia, brand financing by FGA Capital...
read moreVolkswagen planning another plant in Russia, Skoda Auto to help select location
June 23, 2010 | 02:07am CEToriginalThe German carmaker manufactures and assembles several models in Kaluga, Russia already. Allegedly, it should be an existing plant. The considered location...
read moreTatra aims to increase sales, split sales department into two sections
June 23, 2010 | 01:16am CEToriginalPavel Stefka will be responsible for military and defence projects, while sales of trucks will be ensured by the new manager Frank Farsky...
read moreAssociation for e-mobility promotion and development established in Czech Rep
June 23, 2010 | 12:48am CEToriginalThe Association of Electromobile Industry (ASEP) is a cluster of companies and universities. Founding members, visions, Superbel orders by taxi services...
read moreSkoda Auto: Production of new 1.2 TSI engine in Mlada Boleslav rose to 1,250 units/day thanks to strong demand
June 22, 2010 | 11:46pm CEToriginalThe carmaker has thus overcome the originally planned maximum production capacity of 1,000 units/day. Production will be under way on company holidays...
read moreBRNO: New player on market of charging stations Molaris wants to deliver 50 units in Czech Rep in 2010
June 22, 2010 | 04:38am CEToriginalThe company has already supplied the energy company E.ON with the first charging station and is registering demand of others. Three series - Home, Public and Fleet, parameters, payment systems, price...
read moreAAA Auto might return to Hungary or to come to Russia earlier - even in 2010
June 22, 2010 | 04:14am CEToriginalIn March the company spoke of the earliest possible foreign expansion in 2011. The final decision, a contract with a local partner...
read moreSenators in Czech Rep want to reduce obligations of carmakers regarding processing of car wrecks
June 22, 2010 | 01:32am CEToriginalCarmakers would not have to provide some internal information to wreck processors. More suggestions...
read moreMike Elojarvi to leave Toyota Motor Czech
June 22, 2010 | 01:21am CEToriginalThis will occur in late June. The carmaker has not announced his successor yet. New appointment of Elojarvi...
read moreSuppliers: Hyundai in Nosovice pressurizing vendors by area reduction in prices and threatening with replacing them by Korean companies
June 21, 2010 | 04:11am CEToriginalHyundai's investment in the Czech Republic was to create 4,000 jobs among suppliers. Required percentage reduction in price is nearly double digit...
read moreCEZ to launch e-mobility system on commercial basis in six Czech cities in 2013
June 18, 2010 | 02:52am CEToriginalBy 2012, test projects in Prague, Ostrava and Vrchlabi will be carried out. Development of charging stations’ network, battery exchange centres...
read moreBRNO: Smith Electric Vehicles considering assembly/manufacture of EVs in Czech Rep
June 18, 2010 | 02:31am CEToriginalAfter the Newcastle, UK and the Kansas, USA it would be a third site. Avia and Ford electric vehicles, other electric cars, distribution in Europe...
read moreSuppliers: Skoda Auto set supply prices on forthcoming model A Entry/Popular on margin of profitability
June 18, 2010 | 02:08am CEToriginalThe new car will thus probably be more low cost than its predecessor, the Octavia Tour...
read moreA. Charouz Motors wants to build new Jaguar and Land Rover showroom in Prague
June 18, 2010 | 01:47am CEToriginalThe company has opened a showroom for both British brands in Pruhonice. Location of the second showroom, construction...
read moreGM to cancel summer shutdown in most factories in USA, due to strong demand on domestic market
June 18, 2010 | 12:10am CEToriginalIt will thus increase its production by 56,000 cars. Over the first five months, U.S. car sales rose by...
read moreGM withdrew request for government aid for Opel and Vauxhall in Europe, to ensure financing itself
June 17, 2010 | 11:31pm CEToriginalThe U.S. carmaker has thus responded to the negative attitude of Germany and for time reasons it can not afford another lengthy negotiation...
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