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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
U.S. government and carmakers to build charging stations for electric cars, having 4,600 of them by 2011
June 9, 2010 | 10:13pm CEToriginalThe state support for public and private stations, the program's budget, activities of Coulomb Technologies, upcoming electric cars EREV...
read moreMahindra and Renault/Nissan/Samsung alliance interested in indebted carmaker SsangYong Motor
June 9, 2010 | 04:18am CEToriginalSAIC’s share in SsangYong should be reduced to 11.2% within the restructuring. The expected value of the transaction...
read moreIndependent car dealer Auto Busch opened new showroom in Prague
June 9, 2010 | 04:03am CEToriginalIt is the third showroom of the company in the Czech Republic. It is going to offer sales of new and newish cars of Ford and Mitsubishi brands there, other brands to follow later...
read morePwC: Volume of automotive mergers and acquisitions up 4 times in 2009, but their number decreased by 3%
June 9, 2010 | 03:59am CEToriginalThe significant increase in the value of M&A was influenced by activities of the U.S. Treasury. Outlook for the industry and property changes...
read moreCitroen strengthened sales department for wholesale customers in Czech Rep by another fleet manager
June 9, 2010 | 03:24am CEToriginalThe recently established department has been joined by Jiri Caslavka, who previously worked at the carmaker...
read moreAutomotive Industry Association acquired accreditation for AutoAdapt program at second attempt
June 9, 2010 | 12:20am CEToriginalHowever, subsidies for this project aimed at enhancing the adaptability of workers in the automobile industry were reduced by 25% to...
read moreTomas Hejda left CSOB Pojistovna, Petr Milata became new spokesman
June 9, 2010 | 12:06am CEToriginalMilata thus moved from internal to external communication within the company. Hejda’s new position…
read moreMexico foresees doubling of car production by 2015
June 8, 2010 | 01:08am CEToriginalCar production in Mexico declined to 1.6 million cars in 2009, but exceeded 2 million cars a year in the previous three years. Investments of carmakers…
read moreBRNO: Jahn (SAP): Production of motor vehicles in Czech Rep to exceed limit of 1 million in 2010
June 8, 2010 | 12:30am CEToriginalDetailed results of the Czech automotive industry in 2009, SAP requirements for the new government...
read moreSpain approved state aid for Opel, Germany to discuss it on Wednesday
June 7, 2010 | 11:54pm CEToriginalThe committee of independent economic experts took a “very sceptical” stand to the state aid last week though. The volume of guarantees required...
read moreDaimler would like to welcome Chinese shareholders, rather small though
June 7, 2010 | 11:39pm CEToriginalSurely the investments should not be in a range of Kuwait (7%) and the Emirate of Abu Dhabi (9%). Daimler expects sales growth in China by more than 43% in 2010...
read moreFord Motor to cancel Mercury brand, operating only under brands Ford, Lincoln
June 7, 2010 | 03:16am CEToriginalMercury’s production should end up in Q4 2010, the freed-up resources will be utilized to expand the luxury brand Lincoln...
read moreChina prepares program to promote sales of hybrid and electric vehicles, testing it in 5 cities
June 7, 2010 | 03:09am CEToriginalFor hybrids, the grant will be up to EUR 6,000, for electric vehicles up to EUR 7,100. Compared with Europe, the amount of support...
read moreRussia intends to double amount on scrap bonus
June 7, 2010 | 02:47am CEToriginalThanks to the scrap bonus, sales of new cars in Russia grew for the first time, since the beginning of the crisis, in April, namely by 20%. To the original RUB 10 billion there should be added...
read moreAutomotive supplier Magneton bought by Czech company Rovina Group in bankruptcy
June 4, 2010 | 01:39am CEToriginalThe original owner Globin dislikes this though and complains to court of the non-transparency of the sale. Details of the sale and plans of a new owner...
read moreBMW wants to expand dealer network in Czech Rep, looking for successor of A.M.T. mobil in Prague
June 4, 2010 | 01:31am CEToriginalApplications to tender for a new dealership in Prague 9 must be submitted by 20 June. Requirements, sales potential, the current dealer situation in Prague...
read moreSkoda Auto to move Roomster’s production from Kvasiny to Vrchlabi in January 2011
June 4, 2010 | 01:03am CEToriginalThis transfer is not intended to cause changes in the employment. Termination of the Octavia Tour production, the new Skoda model, the new land for development of the Vrchlabi-based plant…
read moreMercedes-Benz agreed with taxi service City Taxi on delivery of cars in Czech Rep
June 4, 2010 | 12:49am CEToriginalGeneral agreement for 3 years guarantees annual deliveries of 40 cars. Offer of models, financing, service, strategy, other brands considered...
read moreGeneral Motors increased its planned investment in Brazil by EUR 300 million
June 4, 2010 | 12:14am CEToriginalThe carmaker already announced in March that it would invest in the modernization of production EUR 600 million. Location, a new production of the Chevrolet...
read moreSlovak PSA plant shortly suspended production due to floods, another shutdown possibly on Monday
June 3, 2010 | 11:48pm CEToriginalThe reason is a flooded factory of its supplier Kongsberg Automotive, on which the production of the PSA plant in Trnava depends…
read moreKia Motors strengthened marketing team for Martin Racman in Czech Rep
June 3, 2010 | 11:43pm CEToriginalHe took the newly created position of a dealer marketing coordinator. Racman came to Kia Motors Czech from the company…
read moreCitroen aims to strengthen fleet sales in Czech Rep, it set up separate department for wholesale business
June 3, 2010 | 02:20am CEToriginalEvzen Soucek became the head of the new department, previously working at a Japanese carmaker...
read moreRenault to reportedly move production of Trafic van to France, requires this even from partners Nissan and Opel
June 2, 2010 | 04:50am CEToriginalIt is to happen with arrival of a new generation; plants in Spain and Great Britain would thus lose this production. A plant under consideration, the initiation of production of a new Trafic/Primastar/Vivaro...
read moreChristopher Palombo left Czech representation of Peugeot
June 2, 2010 | 03:57am CEToriginalThe position of general manager in Peugeot Ceska republika has been taken over by Yann Carnoy. Palombo’s new post and Carnoy’s previous…
read moreAuto Esa opened used car shop aimed only at Skoda brand in Prague
June 2, 2010 | 02:12am CEToriginalIt is the company’s third bazaar based in Prague. The location, capacity, current offer, introductory action and innovative websites Autoesa.cz and Skodovky.cz...
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