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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
Car financing in Czech Rep fell by 6.7% in Q1, Toyota Financial Services and Arval being movers of the year
May 21, 2010 | 03:18am CEToriginalThere were also other companies growing, namely SkoFIN, UniCredit Leasing, Credium and ALD Automotive. Changes in the Top 10 ranking, changes in the volume of financing, the reasons...
read moreFurther legal actions against Porsche in US could jeopardize planned merger with Volkswagen
May 21, 2010 | 02:43am CEToriginalThe carmaker Porsche could pay USD 7 to 9 billion for alleged stock market manipulation in connection with an attempted takeover of Volkswagen...
read moreNew head of advertising and media for Citroen in Czech Rep Katerina Juranova
May 20, 2010 | 01:48am CEToriginalShe will replace Lenka Martinova in the office, who is going on maternity leave. Juranova has so far worked...
read moreBenet Automotive to concentrate production to new plant in Czech Rep and expand its activities with new production
May 20, 2010 | 01:22am CEToriginalThe Czech manufacturer of bumpers and spoilers for Skoda cars will move from Mlada Boleslav to Milovice. New project...
read moreForschner to build new plant in Czech Rep
May 19, 2010 | 12:54am CEToriginalThis is both because of the cost reduction as well as the new contracts from manufacturers of passenger, commercial vehicles and buses. The location, customers...
read moreYazaki to close one of two Slovak plants
May 19, 2010 | 12:43am CEToriginalOver 1,200 people will lose their jobs in Prievidza. Conversely, the company is increasing production capacity at the plant in Michalovce and will recruit additional staff...
read moreStephane Chauville became Nissan sales head for Central Europe
May 19, 2010 | 12:31am CEToriginalFormer Opel country manager for the Czech Republic and Slovakia will be responsible for Nissan's four countries. Its predecessor, Szymon Walusz...
read moreDirect Pojistovna extends its activities of insurance sales through partners, having launched Affiliate program
May 18, 2010 | 11:56pm CEToriginalIt rewards website owners for mediated calculations or negotiated insurance. The amount of reward, the actual number of partners...
read moreU.S. government not to ask local carmakers and suppliers to repay entire loans
May 18, 2010 | 11:40pm CEToriginalThe government will forgive 40% of the total volume of loans to the automotive industry. Chrysler has already repaid half the loan. Financial results of Chrysler and GM in Q1...
read moreBarum Continental: Volume of orders and production at pre-crisis level in Q1
May 18, 2010 | 12:30am CEToriginalThe company made a number of economy measures in 2009, reduced the number of workers, prices of raw materials are rising though. Last year the company increased profit along with a decline in revenues...
read moreNo strike at Slovak Delphi plant, management of company agreed to salary increase
May 17, 2010 | 11:50pm CEToriginalThe company has agreed with unions on wage growth by 4.5% and an increase in compensation money in the event of dismissal. The average wage at Delphi in Slovakia...
read moreAGC Automotive plans to expand production of automotive windscreens in Czech Rep
May 17, 2010 | 01:56am CEToriginalBy 2014, it intends to build new lines in its plant in Chuderice. The reason is an expected car market recovery and a bigger glazing of new models. Customers and details...
read moreAuto-Exner: Aston Martin Rapide from EUR 151,260 excl. VAT, Bentley Mulsane from EUR 300,000 excl. VAT
May 17, 2010 | 01:23am CEToriginalThe Bugatti Veyron can now be ordered in the Czech Republic, the limited edition Aston Martin One-77 is not yet sold out and production of the Lamborghini Murcielago has ended…
read moreRenault aims to strengthen commercial vehicle segment
May 17, 2010 | 01:07am CEToriginalThe expansion of Renault Pro+ network in 20 countries including the Czech Republic, the eco-version of Renault eco² for commercial models, commercial EVs, new models Master and Kangoo Express Maxi...
read moreDana Pavlouskova became new PR manager of AAA Auto
May 17, 2010 | 12:44am CEToriginalThe post of a communication head has been held by Vladan Crha, who left the company. The previous position of Pavlouskova and the new one of Crha...
read moreSkoda Auto plans further extra shifts, this time during company holidays in July
May 14, 2010 | 02:52am CEToriginalThe reason is a great interest in models Superb, Superb Combi and Yeti, but also in the 1.2 TSI engine. It will affect not only the plant in Kvasiny...
read moreIvan Vodicka to leave Ceska pojistovna, Pavel Rehak to be new CEO
May 14, 2010 | 01:56am CEToriginalRehak has thus been promoted from the position of deputy manager for client services. The personnel change will occur on...
read moreCSOB Pojistovna took over marketing activities of its parent company CSOB
May 14, 2010 | 01:28am CEToriginalAt the same time it has created a post of marketing head, which has been filled by Petr Kleiner on May 1. His first task will be...
read moreRieter to expand production in Czech Rep and operate in another place
May 13, 2010 | 01:54am CEToriginalEven in 2010, the company will employ 80 people in Bor near Tachov. Rieter will use a hall of 6,200 m2 for the implementation of a new contract from the German carmaker...
read moreBosch: World car production to rise by 50% by 2020, production of electric cars 30 times
May 13, 2010 | 01:24am CEToriginalElectric drive is expected to rule other fields outside the automotive industry as well. The expected production of cars and electric cars in 2010 and 2020...
read moreSlovak unions at Delphi plant in Senica convened strike on May 18
May 13, 2010 | 12:57am CEToriginalThe company is not willing to accept their demands for the wage increase and production guarantee for a certain period. Details of the collective bargaining...
read moreBosch Diesel to invest EUR 26 million in production expansion in Jihlava in 2010
May 12, 2010 | 12:51am CEToriginalThe company is building a new line for production of the CP4 pump there and is considering another one. Production volumes, plans, customers, parameters of the CP4 pump, the CP3 pump...
read moreCzech anti-theft systems manufacturer Construct expands to Asia
May 12, 2010 | 12:26am CEToriginalIt has begun to supply Malaysia with gear lever locks. The local partner, the planned volume of supplies, prices, expansion to other countries...
read moreDelphi restrains production in Czech Rep, to dismiss 700 employees in Ceska Lipa
May 11, 2010 | 11:47pm CEToriginalThe reason is the ending production for Audi and BMW. Supplies for the most important customer Skoda Auto have also dropped...
read moreEU imposed provisional anti-dumping duties on Chinese aluminum wheels
May 11, 2010 | 10:59pm CEToriginalThe EC established the duties in response to complaints of the European manufacturers for allegedly unfair competition of the Chinese production, which is used by European carmakers such as...
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