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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 CETflashread more
ACEA: New car registrations in EU up by 1.1% in October (Volkswagen +12.6%; Stellantis -16.7%; Renault -0.4%; Hyundai -7.5%; Toyota +13.7%; BMW +0.8%; Mercedes-Benz +2.6%; Ford -13.6%; Volvo Cars +22.5%; Nissan -8%; Tesla -23.1%; SAIC -10%; Suzuki -10.5%; Mazda -12.8%; Jaguar Land Rover -22.1%; Honda -10.4%; Mitsubishi +8.6%), individual fuel/power types successful differently (BEV -4.9%, PHEV -7.9%, HEV+MHEV +19.8%, FCEV+NGV/CNG+LPG+biofuel/ethanol +2.5%, petrol -4.7%, diesel -10.8%)
November 25, 2024 | 11:25am CETflashread more
JATO Dynamics: Electric (rechargeable) vehicle sales in Europe (28 countries) up by 1.9% to 251,442 units (168,618 BEVs, +7%; 82,824 PHEVs, -7%) in October, representing 24.2% share in total registrations (penetration, +0.5pp). Škoda Enyaq (9,977 cars, +44%) was best-selling battery electric vehicle (BEV), followed by Tesla Model Y (8,795, -18%), Volkswagen ID.4 (6,894, +24%), Volvo EX30 (5,360, new) and VW ID.7 (5,330, new). Volvo XC60 (5,881, +57%) was best-selling plug-in hybrid (PHEV), followed by BMW X1 (4,619, +68%), VW Tiguan (4,181, +113%), Ford Kuga (3,298, -29%) and BMW X5 (2,377, +50%)
November 22, 2024 | 11:59am CETflashread more
Industry 4.0 in Practice 2024: National Industry Center 4.0 (NCP 4.0) to hold conference on cutting-edge projects for implementation of Industry 4.0 in Prague, Czechia on December 5 with tour of RICAIP Testbed Prague. Representatives of Škoda Auto, Forvia Hella, Maxion Wheels Czech, Vítkovice Cylinders, Partory Group, Spinbotics, Kinalisoft, SP ČR (Confederation of Industry and Transport of Czech Republic), ČSPÚ (Czech Maintenance Society), VŠB-TU to speak at event
November 22, 2024 | 11:47am CETflashread more
Volkswagen to close Audi plant in Brussels, Belgium (Q8 e-Tron, Q8 Sportback e-Tron; 596,570 sqm; 3,000 employees; 2023: 53,555 BEVs produced) by February 28, 2025, moving production to Mexico (San José Chiapa, Puebla; Q5; 460 hectares; 5,350 employees; 2023: 175,626 SUVs produced). Carmaker offered factory for sale, but none of 26 potential investors (Chinese automakers, commercial vehicle manufacturer) made decision. In June, Audi and Puebla state government said that carmaker to invest EUR 1 billion in electric vehicle projects in Puebla, creating 500 new jobs
November 22, 2024 | 11:41am CETflashread more
JATO Dynamics: Dacia Sandero (21,740 registered vehicles, -3%) was best-selling car in Europe (28 countries) in October, followed by Peugeot 208 (20,389, +40%), Volkswagen Tiguan (17,368, +72%), Renault Clio (16,987, +10%), Toyota Yaris Cross (16,542, +7%), VW Golf (16,455, +34%), Toyota Yaris (15,977, +46%), Kia Sportage (14,677, +8%), VW T-Roc (14,385, +8%) and Škoda Octavia (14,372, +16%). Overall market down by 0.1% to 1.04 million, led by Volkswagen, Toyota, Škoda, BMW, Mercedes, Peugeot, Renault, Audi, Dacia and Kia
November 21, 2024 | 03:47pm CETflashread more
European Hydrogen Week 2024: Representatives of Accelera by Cummins, ACEA, Air Liquide, Battolyser Systems, BloombergNEF, Clean Hydrogen Partnership, Dekra, Deloitte, DG MOVE, EBRD, Engie, EC (European Commission), EP (European Parliament), Greenlyte Carbon Technologies, Hydrogen Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Orlen, Robert Bosch, ThyssenKrupp Nucera, Toyota Motor Europe, TÜV Nord, Uniper to speak at conference on hydrogen trends, technologies, projects in Brussels, Belgium (November 18-22)
November 21, 2024 | 03:36pm CETflashread more
Zebra Group (manufacturer of diesel, electric municipal vehicles with 25 employees in Prague and Hradec Králové, Czechia; over 850 vehicles produced for more than 330 customers since 2014; turnover of CZK 49 million/EUR 1.9 million in FY 2023) started to use financing from Venture Club (280-member investor club based in Prague, which in acquired 18% stake in Zebra Group for CZK 30 million/EUR 1.2 million in 2021-2022) in form of factoring of Zebra vehicle orders. From February to September, 25 vehicles financed through it, bringing total investment to almost CZK 50 million (EUR 2 million). Amounts for first 6 vehicles produced have also been successfully paid back to investors with fixed interest rate of 12-15%
November 20, 2024 | 01:58pm CETflashread more
VVA 2024: Tiyo to hold 16th seminar with subtitle 'DIY or golden Czech hands' to inspire current, future automotive developers in Lázně Bělohrad, Czechia on November 21. Representatives of Merkur Toys, Škoda Auto, Stavební geologie – Geosan (SG Geosan), CEITEC, CULS Prague Formula Racing, Faurecia Automotive Slovakia, Kostal Connectors, Sattelo, ÚJV Řež to speak at event
November 20, 2024 | 01:51pm CETflashread more
European Hydrogen Week 2024: European Commission (EC), Hydrogen Europe, Clean Hydrogen Partnership to hold conferences, exhibition, B2B forum, number of networking events on hydrogen trends, technologies, projects in Brussels, Belgium on November 18-22. Accelera by Cummins, AeroDelft, AGC Chemicals, Agfa-Gevaert, Air Products, Arthur Bus, Asahi Kasei, Ballard, Battolyser Systems, BMW, Bosch, Dynelectro, e-Mobil BW, FEV, Greenlyte Carbon Technologies, Hexagon Purus, Horizon Fuel Cell Europe, Hypermotive, Hyvia, Iveco Bus, Linde, Mitsubishi Corporation, Nippon, OPMobility, Orlen, RWE Generation, SSAB, ThyssenKrupp Nucera, Toyota Motor Europe, Uniper Hydrogen, Worthington Cylinders to join exhibition
November 20, 2024 | 01:45pm CETflashread more
Aleš Novák decided to leave Porsche Czech Republic (Porsche Holding Salzburg), devoting himself to his own business activities. Tomáš Navrátil, current SEAT's regional manager for Africa, Middle East and Turkey, to become new Head of SEAT and Cupra brands in Czechia on January 1, 2025
November 19, 2024 | 02:42pm CETflashread more
ČSÚ: Car prices in Czechia stagnated m/m in October, down by 1.2% y/y (new: -0.1%, +1.6%; used: +0.1%, -3%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (-2.2%, -1.1%), spare parts and accessories (+1.1%, +7.5%), fuels and oils (-0.4%, -11.4%), maintenance and repairs / service works (+0.4%, +8.7%)
November 19, 2024 | 02:35pm CETflashread more
Warehouse of Antolin (manufacturer of components for vehicle interiors with 22,000 employees in 120 plants, 28 R&D and commercial centers in 25 countries; sales revenues of EUR 4.6 billion in 2023) factory in Chrastava, Czechia (polyurethane foam production within Grupo Antolin Bohemia – supplier of ceiling panels for Maserati, Land Rover, Jaguar, Volvo, BMW, Audi, Volkswagen, Škoda with approximately 300 employees in Liberec-Stráž nad Nisou, Chrastava and Hanover, Germany) hit by fire on November 15, causing damage estimated at CZK 30 million (EUR 1.2 million). No one injured
November 18, 2024 | 12:55pm CETflashread more
Changes
Gumotex won big contract from Volkswagen Group
August 28, 2018 | 08:39pm CEToriginalProducts, volume, models, timing, investments in automation and robotics, integration of the company UP Závody, a new director of the Automotive Division...
read moreNippon Kayaku restored production in Czech plant Jablůnka in facility previously hit by explosion
August 23, 2018 | 05:25pm CEToriginalProducts affected, clients, current production capacity, full scale capacity plan, cause of explosion, renaming of Indet Safety Systems, new president, HR...
read moreToyota, PSA changed recruitment strategy in Czech plant
August 20, 2018 | 04:43pm CEToriginalPrevious and present status, cooperation with personnel agencies, new vice president of TPCA...
read moreHyundai increased starting, basic salary along with transport allowance in its Czech plant
August 20, 2018 | 04:24pm CEToriginalThis concerns both permanent and agency staff. Details, increase in holiday length, average monthly income in the Nošovice factory in 2017...
read moreAuto Esa opened branch in ninth city in Czechia
August 20, 2018 | 04:14pm CEToriginalLocation, offer, services, HR, the company's first roofed used car shop…
read moreKažimír: Slovakia is in finals for fifth automaker
June 5, 2018 | 07:58pm CEToriginalAccording to the Slovak Minister of Finance, everyone knows it and many people drive in its vehicles. Possible investors, the considered site, timing of the announcement...
read moreDieselgate: Porsche recalls 60,000 cars due to illegal emission measurement software
June 5, 2018 | 07:38pm CEToriginalAffected models and engines, numbers of cars, investigation of managers, arresting the head of powertrain development...
read moreChina to reduce duty on imports of cars, auto parts
May 28, 2018 | 11:53pm CEToriginalOriginal and new tariffs, timing, negligible impact of the measure, the current import volume...
read moreUnion of Czech plant of Automotive Lighting announced strike alert
May 9, 2018 | 11:02pm CEToriginalNegotiations on a new collective agreement, trade union requirements, mediator's request, average wage, alleged breaching of the current collective agreement...
read moreBosch extended pre-retirement program in one plant in Czechia
May 6, 2018 | 10:09pm CEToriginalTiming, employee interest, social program costs, new collective agreement, wage increase, changes in employment contracts, employee loans...
read morePSA to produce Peugeot, Citroën vehicles in UK
April 24, 2018 | 01:02am CEToriginalLocation, the amount of investment, timing, models, volume, HR, government support, insecurity associated with Brexit...
read moreChina to abolish obligation for foreign companies to create joint ventures in vehicle, ship, aircraft production
April 24, 2018 | 12:53am CEToriginalTiming for passenger and commercial vehicles, electric cars and plug-in hybrids, comments...
read moreDura Automotive acquired new orders, plans to invest tens of millions of dollars in Czechia
April 19, 2018 | 11:21pm CEToriginalNew projects for European automakers, business and financial results of Czech factories, HR, wage increase, products and clients, investment incentive from CzechInvest...
read moreMagna to invest EUR 40 million in Czechia
April 19, 2018 | 12:36am CEToriginalLocation, construction of halls, timing, products, HR, R&D investments, clients, production plan, no use of recruitment agencies...
read moreUS aluminum, steel duty should not affect Czech auto parts makers
March 26, 2018 | 01:08am CEToriginalThe problem could arise after a possible imposition of car duties. Statements of Magna, Grammer, Brisk, Bosch and SaarGummi representatives...
read moreHrkal: Mitsubishi plans to build tire factory, considering Czechia
March 26, 2018 | 12:45am CEToriginalOne of the considered locations, the area requested, the activity of CzechInvest...
read moreMaier: Škoda Auto considering new plant outside Czechia
March 9, 2018 | 01:53am CEToriginalOther options to increase annual production capacity, sales growth plan untill 2025, development fund for the Mladá Boleslav region, development of low-cost platform...
read moreSupreme Administrative Court: Federal states can ban drive of diesel cars in German cities
March 8, 2018 | 03:17pm CEToriginalProhibitions time- and locally limited, emission standards, first cities, timing, exceptions, introduction of blue badge, fleet structure...
read moreCzech plant of Federal-Mogul hit by fire
March 6, 2018 | 12:21am CEToriginalNobody was injured. Location, section, probable causes, estimated damage...
read moreUnions rejected another offer by Škoda Auto to increase wages
February 26, 2018 | 11:57pm CEToriginalThey do not like the more than two-year duration of the wage agreement and the atypical shift work systems in Mladá Boleslav, Czechia. The next round of collective bargaining...
read moreCourt in Leipzig to decide on driving ban for diesel cars in German cities
February 26, 2018 | 11:47pm CEToriginalExcessive concentrations of NO2, postponement of decisions, possible exceptions, threat of moving large quantities of older diesel vehicles to Eastern Europe...
read moreŠkoda Auto improved its offer for wage growth
February 22, 2018 | 11:33pm CEToriginalDetails of the carmaker’s first and second proposal, an increase in tariffs in four phases, conditional agreement on the extension of atypical shift models...
read moreBorgers to make changes in logistics in Czechia
February 22, 2018 | 01:09am CEToriginalThe company will build a logistics hall within one of its plants to replace the rented warehouse. Location, the amount of investment, a new line for non-woven fabrics, production automation (Masterplan 2020)...
read moreAudi to establish R&D centre in Hungary
February 22, 2018 | 12:56am CEToriginalLocation, the amount of investment, focus, HR, government support, 25 years of carmaker's presence in the country...
read moreDieselgate: Daimler may have used software to cheat on emissions tests in US
February 21, 2018 | 04:14pm CEToriginalDetails of the functions, carmaker engineers' doubts about the legality of the functions, investigations in the US and Germany...
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