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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
New Land Rover dealer Dajbych wants to sell 60 new cars in 2010
June 2, 2010 | 01:58am CEToriginalThe company opened a Land Rover showroom in Plzen of the size of 300 m2. Sales plan for 2011, offer of models, overall results of the company in 2009...
read moreCzech Rep moved among world's car makers from 19th at 13th place in 2009
June 2, 2010 | 01:34am CEToriginalDevelopment of production in separate emerging markets and developed countries and regions, potential and investments in CEE, production moving from Western to Eastern Europe...
read morePorsche withdrew legal action against Volkswagen law
June 1, 2010 | 11:49pm CEToriginalThe law guaranteed the federal state Lower Saxony a blocking minority in VW with a share of just above 20%. All legal disputes between the two carmakers were thus been terminated…
read moreVisteon to invest in one of Czech factories to optimize production
June 1, 2010 | 12:40am CEToriginalIt will locate a new production line for metal parts of ventilation and air conditioning units for cars there. The location, customers of Visteon - Autopal...
read moreE.ON put its first charging station for electric cars into operation in Brno, first in Czech Rep
May 31, 2010 | 04:01am CEToriginalAt the same time, it is the first charging station set up by an energy company. Electricity recharging is free. Location, parameters, contractors...
read moreSaab seeks return to small car segment, inspired by model from 50’s
May 31, 2010 | 03:44am CEToriginalThe new entry-model Saab 9-1/9-2 should reach the market in 2013. The carmaker’s sales plan for 2010 and 2011, including individual models...
read moreJaguar Land Rover plans to assemble cars in China, seeking partner there
May 31, 2010 | 03:06am CEToriginalThe carmaker would like to produce at least two models in China. The production in Britain, the Range Rover LRX, the worldwide sales in April...
read moreSkoda Auto confirmed arrival of new CEO Winfried Vahland
May 31, 2010 | 02:19am CEToriginalPrevious Skoda Auto board chairman Reinhard Jung will retire after three years in office. The change will take place on...
read moreVolkswagen reportedly to become strategic partner of Malaysian carmaker Proton
May 31, 2010 | 01:58am CEToriginalEstablishment of an alliance of both companies is about to be announced within two weeks. The history of negotiations, the possibility of assembling VW cars Proton’s plants...
read moreRussian Technologies wants to raise stake in AvtoVAZ by 15 percentage points
May 31, 2010 | 01:24am CEToriginalThe Russian state would thus dominate the carmaker with 40%, Renault intends to retain its 25% share. Sales plan for 2010...
read moreNew Audi dealer Autosalon Klokocka aims to sell up to 150 cars in 2010
May 28, 2010 | 04:11am CEToriginalIt has now opened the Audi Terminal for CZK 130 million in Prague. Plan for 2011, the loyalty program, shift to Shell oils, other brands...
read moreNew rules for car service and sale in EU: Changes in warranty validity, changes for multi-branded showrooms
May 28, 2010 | 03:46am CEToriginalAll measures should reduce the cost of carmakers and the price for customers in the service centres. Details of changes, including the validity...
read moreUniCredit Leasing started to cooperate with Suzuki brand in cars and motorcycles financing in Czech Rep
May 28, 2010 | 03:28am CEToriginalThe first offer of the Suzuki Finance is a zero increase of instalments from 40% down payment. It is the 13th cooperation with a carmaker on the Czech market...
read moreInterest in new Opel Astra exceeded expectations, carmaker launching extra shifts in Gliwice-based plant
May 28, 2010 | 02:59am CEToriginalThe model’s registrations in Europe have increased by 54% over four months. The current number of orders is already approaching the planned sales for 2010...
read moreDirect Pojistovna created new post of commercial director with responsibility for sales channels
May 27, 2010 | 05:09am CEToriginalRoman Wojdyla, the former CFO, was appointed to the position. A new CFO has become...
read moreErika Duchanova from UniCredit Leasing became new chairwoman of CLFA media committee
May 27, 2010 | 04:17am CEToriginalDuchanova has been a member of the media committee for several years. She has replaced Bela Jaskova in office, who…
read moreChinese carmaker Great Wall expands in Europe, seeking partners also in Czech Rep
May 26, 2010 | 03:32am CEToriginalGreat Wall has already addressed several dealers on the Czech market with an offer to sell its cars. Models, prices, sales plans, planned representations in Europe...
read moreVolkswagen to take over long-time supplier of development services Italdesign Giugiaro
May 26, 2010 | 03:14am CEToriginalThe German carmaker will obtain a share of 90.1% in the Italian company, the remaining 9.9% will remain in the possession of the current owner...
read moreDemand for green cars in Czech Rep still low, CNG not enforced strongly
May 26, 2010 | 02:50am CEToriginalThe Car Importers Association (SDA) is thus preparing a support system for green cars. Sales of individual models in 2009...
read moreU.S. preparing rules for fuel consumption and emissions for trucks as well
May 26, 2010 | 02:39am CEToriginalThat would refer to trucks manufactured since 2014 whereas the rules for passenger cars and light utility vehicles will be applied from 2012. Details of plans...
read moreEU ministers agreed to promote green cars
May 25, 2010 | 11:50pm CEToriginalHowever, some states are pushing solely to promote the production of electric vehicles. Positions of individual countries including the Czech Republic, estimates of the market development...
read moreCetelem became another financial partner of Kia Motors in Czech Rep
May 25, 2010 | 01:27am CEToriginalCetelem offers wholesale financing to dealers. The first partner from among dealers, initial menu...
read moreJohnson Controls aims to strengthen in China, planning to buy interiors and electronics production from Visteon
May 24, 2010 | 12:59am CEToriginalVisteon currently operates in the USA under a bankruptcy protection. For these assets Johnson Controls offers an amount of...
read moreToyota Motor aims to introduce first electric car by 2012, Tesla Motors to help
May 24, 2010 | 12:31am CEToriginalWhile Toyota gains though the cooperation a technology partner, regarding Tesla, it will be a capital one. The share acquisition in Tesla Motors by the company Toyota...
read moreOpel agreed with staff on restructuring, including labour cost reduction by EUR 265 million per year
May 23, 2010 | 11:39pm CEToriginalThe German carmaker has thus through the agreement eliminated an obstacle to receive a state aid, which will be discussed in...
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