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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

Edmunds.com: Nearly 80% of cars sold in US would have been sold even without scrap bonus

December 15, 2009 | 12:20am CEToriginal
The United States thus spent USD 24,000 (CZK 430,000) for one additional car sold during the scrappage scheme. Ford Motor agrees but adds…
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Threat of strike in Hyundai’s Czech plant grows, trade unions want to solve situation at global level

December 14, 2009 | 11:51pm CEToriginal
The trade unions want to appeal to the KOVO global trade union association, the OECD and both carmaker Hyundai and its trade unions in Korea…
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Zliner’s new owner focuses on buses, sales of passenger cars to be subdued

December 14, 2009 | 01:14am CEToriginal
Zliner is an independent dealer of Toyota, Lexus and Daihatsu cars currently; its showroom in Zlin will probably be for sale in the future...
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Czech Insurance Association works on methodology of assessment of fault sharing

December 13, 2009 | 11:54pm CEToriginal
It has been inspired by the Czech Republic and foreign countries as well. A catalogue of standardized cases of shared fault with a specific share could be ready in...
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Bankruptcy of US airbag producer Global Safety Textiles (GST) has consequences in Czech Rep too

December 13, 2009 | 11:49pm CEToriginal
Czech plant in Jevicko will terminate its activity by April, 2010 and will dismiss 350 employees. Its controling company ITG, or more precisely Wilbur Ross is now looking for a buyer for GST…
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Peugeot 3008: Exceeding of this year’s sales aim in Europe and Czech Rep also by 15%

December 13, 2009 | 11:16pm CEToriginal
The carmaker registers 50,000 orders after six months and increases production in Sochaux. Shares of the particular motorizations, equipment versions and plan for the year 2010…
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Cetelem: Demand for Allianz travel insurance bigger than for automobile insurance in Czech hypermarkets of Globus

December 13, 2009 | 11:07pm CEToriginal
There were the most active customers in Chomutov and Prague, where the largest number of insurance contracts was concluded in hypermarket…
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Halfords opened its shop with fast service in Borska Pole, Plzen, second one in city

December 13, 2009 | 10:32pm CEToriginal
Totally, it is the sixth branch in the Czech Republic. An analysis carried out by Halfords shows that in case of several price levels of products, customers decide for...
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VAST to gain full control over both Chinese joint ventures in Shanghai and Fuzhou

December 13, 2009 | 06:12pm CEToriginal
Partners of an alliance of VAST, Witte Automotive, Strattec Security and Adac Automotive will thus reinforce their position on Chinese market…
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Management of Hyundai’s Czech plant cancelled all overtime in December

December 11, 2009 | 02:24pm CEToriginal
Nevertheless, the company wants to agree with trade unions on this year’s one Saturday shift on December 19 so that there would be two shifts and employees would receive a bonus for them…
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Skoda Auto to reduce Fabia production from five to four days a week and Roomster to be reduced from 150 to 120 cars a day in Q1

December 11, 2009 | 10:35am CEToriginal
Employees will compensate the deficit during the year on extra shifts within time accounts…
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Engine 1.2 TSI (77 kW): Production for 2009 and 2010 in Czech Rep only, from 2011 in Germany too

December 10, 2009 | 10:38pm CEToriginal
The engine is available in the Skoda Yeti and Volkswagen Golf in the meantime. Along with an assembly into other VW Group models, its production will grow next year…
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Volkswagen to take over 19.9% of carmaker Suzuki for USD 2.5 billion

December 10, 2009 | 09:29pm CEToriginal
The German company is reportedly interested in increasing the share even over the controlling level of one third. The carmaker will invest up to a half of the revenues from the sale of Suzuki’s stock in…
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Wages in Jihlava-based plant of Bosch Diesel to go up by CZK 300 from July, 2010

December 10, 2009 | 08:18pm CEToriginal
Trade unions acquired a promise of other benefits in collective negotiations; some requirements were not carried through on the contrary…
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Head of Allianz pojistovna Miroslav Tacl to resign at year end

December 10, 2009 | 06:32pm CEToriginal
The supervisory board of the insurance company has accepted his resignation; no decision regarding his successor has been taken yet. Members of the board remain…
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Volkswagen purchased 49.9% stake in carmaker Porsche for EUR 3.9 billion

December 10, 2009 | 05:56pm CEToriginal
Porsche should become Volkswagen’s tenth brands in 2011. The merger will lead to annual savings…
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Toyota plans to restart production of plants in US and China

December 10, 2009 | 04:59pm CEToriginal
The carmaker will invest EUR 750 million in completion of the plants. Introduction of production and a portfolio of models produced…
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Another investor interested in producer of passenger cars Volvo Car

December 10, 2009 | 04:30pm CEToriginal
The investor is Jakob syndicate composed of Swedish subjects mainly. The group is offering hard cash and is waiting for Ford’s reaction…
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Japanese carmaker Isuzu Motors to vigorously enter Central Europe

December 9, 2009 | 10:34pm CEToriginal
Within the next two years, the carmaker will open representation offices in the Czech Republic, Slovakia and Hungary. The offer of models and sales and service network…
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Russian government and Renault pledged support to carmaker AvtoVAZ

December 9, 2009 | 08:04pm CEToriginal
Putin promised over EUR 1 billion on the company’s restructuring. Renault-Nissan alliance will give EUR 300 million for the production of a new Lada model...
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EVC Group to offer electric cars and hybrids charged from electrical network

December 8, 2009 | 06:58pm CEToriginal
The company will offer the completely new electric cars Skoda Roomster and Smart, and transformation of a customer’s car only, too. Parametres, prices and plans…
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China reportedly to continue supporting automotive sector in 2010 as well

December 8, 2009 | 04:54pm CEToriginal
Tax allowances will be provided for all passenger cars; the allowances will be higher for smaller cars rather than for the larger ones…
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GM terminated plan to dismiss 550 employees in Opel’s R&D centre in Russelsheim

December 8, 2009 | 04:12pm CEToriginal
According to German government, GM does not need any help for Opel. Opel’s employees are prepared to make compromises which could earn GM an annual saving of…
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Suzuki to sell stake in JV in Canada to General Motors

December 8, 2009 | 02:52pm CEToriginal
GM will thus have full control over CAMI Automotive. Therefore, the US carmaker will find itself without its Japanese production partner…
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Two subjects interested in Lotus representation in Czech Rep

December 7, 2009 | 11:04pm CEToriginal
Those are a Czech person from the field of motor sport and one foreign dealership reportedly. In particular...
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