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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 Audi Terminal designed to help increase sales of Auto-Exner in 2010
May 11, 2010 | 01:54am CEToriginalSales in 2008, 2009 and a plan for 2010, best-selling models, services offered by the Audi Terminal, servicing capacity, Express Service...
read moreBrose to release staff from closed Czech plant in Trutnov gradually
May 11, 2010 | 01:17am CEToriginalThe company has already announced the release of 290 employees to the Labour Office; they should leave gradually in...
read moreBrilliance leaving European market after three years, without chance to enter Czech Rep and Slovakia
May 10, 2010 | 04:36am CEToriginalThe reason is a poor and inflexible price policy of the carmaker and related low sales. A. Charouz Motors...
read moreScuderia Praha plans Ferrari and Maserati sales at last year's level in 2010
May 10, 2010 | 04:25am CEToriginalThe company’s revenues for 2009, the number of cars under service control, new service centre, plans with the original showroom in Ruzyne…
read moreStrobel: Bosch plants in Czech Rep register slight recovery, sales growth expected for 2010
May 10, 2010 | 04:16am CEToriginalIn 2009, their revenues dropped by 26.6%, the majority accounted for the automotive technology. Staffing situation in the factories...
read moreCzech Rep currently not planning incentives for purchases of electric cars
May 7, 2010 | 12:30am CEToriginalElectric cars could be advantaged after the introduction of tolls in the centre of Prague, which will be approved by the newly formed House of Representatives. Electric fleet of the Czech Republic...
read morePSA Peugeot Citroen to establish joint venture with Changan Automobile in China
May 6, 2010 | 11:39pm CEToriginalIt is another partner of PSA in China, where the French carmaker wants to speed up its expansion. The new joint venture should produce…
read moreVolkswagen, MAN and Scania exploring possibilities of closer cooperation
May 6, 2010 | 11:29pm CEToriginalVolkswagen wants to better compete with the truck manufacturers Daimler and Volvo by cooperating with companies where its share...
read moreEvoBus to build another hall producing bus spare parts in Czech plant in Holysov
May 6, 2010 | 12:24am CEToriginalThat will require an investment of over EUR 10 million and 50 new employees. The high-capacity bus CapaCity, production in 2009 and 2010...
read moreScuderia Praha opened new Ferrari showroom in Prague
May 5, 2010 | 11:49pm CEToriginalThe investment in the showroom in Dejvice has exceeded CZK 10 million. Servicing is still under way in Ruzyne, in autumn 2010, it will move to new premises...
read moreHutchinson engaged 50 people in Czech Rep in Q1, still holds agency staff
May 5, 2010 | 11:38pm CEToriginalThe reason is growth in demand of the carmakers Ford and Fiat but also a new contract from the German carmaker...
read moreChinese carmaker JAC Motors wants to enter Europe, considering to build plant in Slovakia
May 5, 2010 | 12:29am CEToriginalThe company is already negotiating with the agency SARIO. It would like to offer passenger cars and light commercial vehicles on European market. Sales representation...
read moreVladimir Vosicky left Peugeot after 10 months
May 5, 2010 | 12:03am CEToriginalCzech representation of Peugeot has simultaneously merged the marketing and sales department, and as commercial manager was nominated…
read moreCzech state prepared grants for dealing with car wrecks, junkyards require obligation to ecological liquidation
May 4, 2010 | 11:08pm CEToriginalDe-registering an old car is currently available without any proof of liquidation. Operators of junkyards filed a complaint to the EC of legislation of the Czech Republic...
read morePauels: Avia wants to become global carmaker
May 4, 2010 | 01:30am CEToriginalThe carmaker wants to achieve the aim by entering into new markets and diversifying the portfolio. Trucks, buses and vans; diesel, electric and CNG drive...
read moreKopecky: Generali wants to be number three on insurance market in Czech Rep by 2012
May 4, 2010 | 01:04am CEToriginalCurrent state, market share necessary to this aim, outlook in car insurance in 2010, expansion of cooperation with partners...
read moreGerman government launched plan to support electric cars, not planning subsidies now though
May 3, 2010 | 11:19pm CEToriginalThe opposition called it a theatre. The government, according to carmakers, was supposed to create a network of charging stations in Germany and actively promote new technologies...
read moreEurop Assistance extended number of corporate partners in Czech Rep and Slovakia
May 3, 2010 | 12:40am CEToriginalBusiness and financial results of 2009, existing and new partners from among insurance companies, leasing companies, carmakers and car dealers...
read moreMilan Houzvic leading car insurance section in Kooperativa as of May 1
May 3, 2010 | 12:26am CEToriginalWithin the company, he has been thus promoted from the regional management to the national one. His predecessor, Jiri Filla...
read moreNumber of CNG vehicles extending among companies and institutions in Prague
May 3, 2010 | 12:13am CEToriginalIn 2010, Prazske sluzby or the car rental service Sixt are about to expand their fleets. Specific plans and other operators of CNG vehicles...
read moreBela Jaskova left SkoFIN after 11 years
May 2, 2010 | 11:37pm CEToriginalIn the company, she held the position of spokeswoman; her successor will be announced next week. Jaskova’s new place of activity...
read moreAnalyst: General Motors mystified market with announcement of early government loans’ repayment
May 2, 2010 | 11:28pm CEToriginalThe goal was only to refinance the total debt. According to the analysts, GM is still in a deep slump...
read moreKia dealers in Czech Rep can get rid of used car trade, AAA Auto to take care of cars in part exchange
April 30, 2010 | 11:06am CEToriginalThe program for used cars Autokeep still continues. Replacement of a car in part exchange in Germany and the Czech Republic...
read moreBrno-based dealer of Jaguar and Land Rover, House of England changed its owner
April 29, 2010 | 02:08am CEToriginalThe dealership has been dominated by the company UK cars, led by Robert Pergl, the head of Scuderia Praha representing brands Ferrari and Maserati on the Czech market. Details…
read moreBrano Group won contract from Porsche for EUR 1 million
April 29, 2010 | 01:53am CEToriginalThanks to new contracts, the company has enrolled 200 new employees. Details of the new contract for Porsche and experience with the production of other exclusive brands...
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SELECTED FLASH NEWS
Trešl: Hyundai considered deploying Xcient hydrogen trucks/tractors (FCEVs) to transport...
Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
AR Servis (Tibiq Automotive Holding; Škoda, Hyundai dealer in Jindřichův Hradec, Czechia)...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
Auto In (Ford, Volvo, Hyundai, Škoda, Kia, Mazda, Mitsubishi, MG dealer in Pardubice...
JATO Dynamics: Tesla (362,000 registered cars) was best-selling battery electric vehicle...
Witte Automotive (manufacturer of vehicle latch, locking, safety systems with 6,000...
ZAP: Spain was top country in productivity per employee in Europe in 2023 (13.4 vehicles...
Decotek Automotive (manufacturer of decorative car exterior trim components with 320...
e-Salon 2023: Police of Czech Republic shelved case when visitor (16 years old) of clean...
New brands (mainly Chinese) entering Czech market (2023: MG 150 g/km, +1 g/km y/y; Alpine...
Jahn: Škoda Auto could have sold more vehicles in 2023 (866,800 cars delivered to...
SDA: Vehicle fleet in Czechia up by 234,280 units (+2.68%) to 8.98 million in 2023...
Capgemini Engineering (formerly Altran Technologies) sold Czech branch (Altran CZ...
Porsche Classic: After relocation of Bentley and Lamborghini dealerships in Prague...
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SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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