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Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18 y/y) in Central and Eastern European region (Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Serbia, Slovakia, Slovenia) increased turnover by 16.8% to EUR 193 billion in 2023 (2022: EUR 165 billion), but number of employees decreased by 0.3% to 405,600. Largest companies in sector include Škoda Auto (EUR 23.45 billion, +31%; 34,884 people, -1%), Volkswagen Slovakia (EUR 11.76 billion, +21%; 10,566, -3%), Audi Hungaria (EUR 9.1 billion, +8%; 12,766, -1%), Kia Slovakia (EUR 8.01 billion, +19%; 3,607, +1%), Hyundai Motor Manufacturing Czech (EUR 7.64 billion, +13%; 2,852, +5%), Volkswagen Poznań (EUR 5.74 billion, +14%; 9,824, +4%), Automobile-Dacia/Renault (EUR 5.23 billion, +1%; 11,457, -6%), Mercedes-Benz Manufacturing Hungary (EUR 5.08 billion, +28%; 4,765, -1%), Toyota Central Europe (EUR 4.94 billion, +30%; 107, -4 %), Volkswagen Group Polska (EUR 4.93 billion, +35%; 644, +4%), FCA Poland/Stellantis (EUR 3.54 billion, +33%; 2,326, +5%), MAN Trucks Sp. z o.o. (EUR 3.41 billion, +68%; 2,245, +48%), PCA Slovakia (EUR 3.28 billion, -10%; 3,072, -13%), Toyota Motor Manufacturing Czech Republic (EUR 2.98 billion, -5%; 3,228, -9%), Magyar Suzuki (EUR 2.87 billion, +34%; 2,937, +3%), Continental Barum (EUR 2.85 billion, +0%; 4,374, +1%), Ford Otosan Romania (EUR 2.75 billion, -2%; 5,581, +0%), Mercedes-Benz Manufacturing Poland (EUR 2.62 billion, +24%; 1,384, +4%), PKP Polskie Linie Kolejowe (EUR 2.59 billion, +17%; 41,415, -1%), Mobis Automotive Czech (EUR 2.53 billion, +35%; 1,485, +16%), Polskie Linie Lotnicze LOT (EUR 2.33 billion, +22%; 1,240, -3%), Mercedes-Benz Polska (EUR 2.09 billion, +21%; 158, +0%), Mobis Slovakia (EUR 1.98 billion, +10%; 2,136, -0%), Continental Automotive Czech Republic (EUR 1.89 billion, +2%; 5,042, -17%), Volkswagen Motor Polska (EUR 1.88 billion, +33%; 1,254, +2%), BMW Vertriebs GmbH Sp. z o.o. Oddział w Polsce (EUR 1.67 billion, +14%; 74, -4%), Robert Bosch SRL (EUR 1.64 billion, +16%; 5,875, +13%) and other firms of Volvo, Scania/Traton, Porsche/Volkswagen, Iveco/CNH, Solaris/CAF, Michelin, Autoliv, ZF, Tigar Tyres, Motherson, Valeo, Sungwoo, Schaeffler, BorgWarner, Faurecia/Forvia, Pirelli, Auto Partner, Hankook, Lear, Brembo, Adient, Denso, České dráhy, PKP Intercity, Raben, DPP, Amazon, Arcturus, Havi, Tallink, Wielton, Plichta, Waberer’s groups. High labour costs encourage businesses to be more open to automatization, robotization and higher productivity levels that come with this, Coface said

November 25, 2024 | 11:34am CETflash
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Changes

AutoBinck appointed new head of Mitsubishi for Czech Rep and Slovakia

September 12, 2016 | 11:57pm CEToriginal
It is a manager with experience from several European and Asian automakers. The sales results in the fiscal year 2015...
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Another Seat showroom under new concept to arise in Czech Rep

September 12, 2016 | 11:54pm CEToriginal
It should be one of the largest showrooms of this Spanish brand in Europe. Location, dealer and his other activities, new fleet contracts, financial results...
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Europ Assistance won several new contracts in CEE

September 12, 2016 | 11:46pm CEToriginal
These relate to assistance services for cars and motorcycles. Affected companies, locations, the scope of cooperation...
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Financial problems of Hanjin Shipping may affect also Czech plant of Hyundai Motor

September 12, 2016 | 11:38pm CEToriginal
According to the automaker, they will not have any major impact on car production. However, they have a major impact on the number of logistics companies and distributors. The threat of additional costs, volume of blocked parts...
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Slevomat.cz launches sale of discounted cars

September 12, 2016 | 12:19am CEToriginal
This Czech discount portal aims to offfer new cars primarily. Sales plan...
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One BMW dealer in Czech Rep changed owner

September 9, 2016 | 12:12am CEToriginal
The company concerned, renaming, location of the showroom, financial results, buyer and its profile, timing...
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Samsung expands in production of batteries for EVs in Europe

September 8, 2016 | 11:57pm CEToriginal
Two investments of the Samsung SDI division in Central Europe, locations, capacity, timing, synergies, proximity to European customers – carmakers...
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Czech Rep wants to rejuvenate car fleet

September 8, 2016 | 11:32pm CEToriginal
Eight of the proposed measures, contributions to the scrappage of elderly cars and purchase of green cars, greater use of operating leases by state institutions, bonuses/maluses during registration, pricing and taxation of vehicles, low-emission zones...
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One Peugeot dealer in Czech Rep changed owner

September 7, 2016 | 11:54pm CEToriginal
It was bought by another licensee of this French brand. Companies concerned, locations, financial results, timing, merger…
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Federal-Mogul opened new test centre in Czech Rep

September 7, 2016 | 11:39pm CEToriginal
Location, division, orientation, size, technologies, investment amount, HR, technical support for clients, cooperation with factories and schools...
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Volkswagen Financial Services succeeded in Generali tender in Czech Rep

September 7, 2016 | 06:33am CEToriginal
The leasing company will lease hundreds of cars of several brands for employees and agents to the companies of the Italian insurance group...
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Car sales in Germany returned to growth in August

September 7, 2016 | 03:29am CEToriginal
The increase was also seen in orders, production and exports. The influence of number of working days and company holidays, registrations of individual brands, the results in eight months, VDA comment...
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Volkswagen allegedly agreed to partner with Navistar

September 5, 2016 | 11:39pm CEToriginal
The German carmaker will reportedly supply the US manufacturer of commercial vehicles with engines, and Volkswagen should acquire a share in Navistar...
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New Renault showroom to be built in Czech Rep

September 5, 2016 | 11:22pm CEToriginal
This is the first implementation of new standards through construction in the country, as other dealers are just upgrading their showrooms. The company, location, investment financing, timing...
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Denso appointed new head of one plant in Czech Rep

September 4, 2016 | 11:39pm CEToriginal
Personnel changes took place within the rotation in the company. The group has four factories in the country. Managers, locations, timing...
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Specialist left Czech representation of Audi

September 4, 2016 | 11:18pm CEToriginal
Porsche Czech Republic now chooses his successor. His agenda has temporarily been taken over by...
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Czechoslovak Group to resume production of Avia vehicles in few months

September 1, 2016 | 12:02am CEToriginal
This will happen elsewhere in the Czech Republic. Moving of technologies, models, HR, timing, production plans, the new head of Avia Motors, R&D, logo, 100th anniversary, the fate of the original complex in Prague...
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K2 Group wants to expand further, hired consulting firm

August 31, 2016 | 12:21am CEToriginal
It set the new management. Details, the group profile, including a motorcycle dealerships, spare parts distributor and distributor of machine components...
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Volkswagen plans to suspend production of one model in Germany

August 29, 2016 | 11:56pm CEToriginal
The affected model, the plant, timing, reasons, alleged volume of production...
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Toyota resumed production in Venezuela after six months

August 29, 2016 | 11:11pm CEToriginal
The carmaker had to stop production due to lack of foreign currency in the country to pay for imports of components. Total car production in H1, resume of Toyota's vehicle exports...
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Volkswagen dispute with two suppliers allegedly hit production of 22,000 Golf and Passat cars

August 28, 2016 | 11:49pm CEToriginal
Production stoppage will probably be caught up within a few weeks. The estimated amount of losses...
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Skoda Kodiaq Coupe to follow quickly after Kodiaq, small crossover later

August 28, 2016 | 11:28pm CEToriginal
The agreement with a Chinese partner on deepening cooperation within the introduction of Skoda's new models into the largest market in the world...
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Benteler to build two new plants in Central Europe

August 25, 2016 | 12:51am CEToriginal
They will fall into two divisions – Automotive and Distribution. Locations, products, timing, HR, expansion of a plant in the Czech Republic...
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Production of Volkswagen in Germany could return to normal in few days

August 24, 2016 | 11:48pm CEToriginal
The company has resumed full production in one factory in Slovakia. Details…
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Volkswagen agreed on settlement with ES Automobilguss and Car Trim

August 24, 2016 | 01:19am CEToriginal
The agreement envisages the conclusion of long-term partnership between the carmaker and both suppliers, restoring the supply of components as quickly as possible...
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Auto UH Group (Fiat, Fiat Professional, Ford, Hyundai, Volkswagen, VW Commercial Vehicles...
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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
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