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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

Exclusive passenger transport to Prague Airport to be provided by car rental Dvorak with BMW cars

November 10, 2009 | 05:55pm CEToriginal
A limousine will pick passengers up in Prague and will deliver them to VIP Terminal and then directly to the airplane. BMW 7 Series cars will be expanded by…
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General Motors: Car sales in China to grow by 10% per year even without government support

November 10, 2009 | 05:21pm CEToriginal
The US carmaker expects the market to grow by 10% this year and next year as well. According to GM, in 2010 there will be sold…
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Slovakia to provide further support for investment of carmaker Kia Motors

November 10, 2009 | 04:03pm CEToriginal
The support refers to automotive supplier Hyundai Mobis as well. The town of Zilina, where the plant is located, will use the financial resources for…
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German carmaker Daimler returned to net profit in Q3 after a loss in Q2

November 10, 2009 | 12:57pm CEToriginal
However, the net profit dropped by nearly 75% y/y. According to Daimler, the worldwide demand for cars in 2009 will decline by only…
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Toyota wants to open ecological retailers in Europe, current dealers to undergo audits

November 9, 2009 | 11:54pm CEToriginal
The main aim will be as high savings of energy, water and CO2 reduction as possible. Pilot projects have already started...
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General Meeting of AAA Auto Group removed Antonius Kemp from Board

November 9, 2009 | 11:30pm CEToriginal
His successor has not been decided yet. The reason for his appeal is...
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Downturn in revenues of carmaker PSA slowed down in Q3 due to government incentives for sales

November 9, 2009 | 07:14pm CEToriginal
PSA’s revenues declined by 7/7% y/y in Q3; the downturn made nearly 25% in Q2. However, the carmaker warned of a drop of market in…
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PSA to increase production in Slovakia by more than 7% this year and thus to exceed original plan

November 9, 2009 | 06:15pm CEToriginal
In November an exchange in the position of manager of plant in Trnava will occur. Jean Mouro will leave to a different position in the group and will be replaced by…
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CarTec Group opened BMW showroom in Liberec, its second one in Czech Rep

November 9, 2009 | 03:48pm CEToriginal
Investment in the new car center reached more than CZK 60 million. Next year, the company will open another showroom in Liberec…
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Sales of imported used cars in Slovakia down by 20% in Q1-3

November 9, 2009 | 02:56pm CEToriginal
The reason is scrap bonus which boosted up sales of new cars. In the future the ratio of sales of new and used cars is expected to…
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Czech internet retailer Vivantis started selling tires

November 9, 2009 | 12:20pm CEToriginal
In e-shop VivaPneu.cz customers can find 16,000 items, also cast and steel naves. Regarding the field of logistics and warehouse stock, VivaPneu.cz cooperates with company…
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Goodyear Dunlop Tyres expands number of partners for purchasing parts for franchising network Premio

November 5, 2009 | 09:10pm CEToriginal
In the future the company wants to introduce a section of tuning, which has already been established well in Germany, in the Czech Republic. The cooperation regarding a purchase of parts starts with…
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Summer organizational and personnel changes in Toyota Motor Czech affected Lexus division as well

November 5, 2009 | 08:50pm CEToriginal
The changes affected the positions of marketing manager and Lexus dealer network in the Czech Republic and Slovakia. Particularly…
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Hyundai to sign up 700 people for a second shift in Nosovice

November 5, 2009 | 07:58pm CEToriginal
The plant initiated production of model Kia Venga this week. The small MPV with start-stop system and a seven-year warranty will start being sold in the Czech Republic in…
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Daimler started building a new plant producing Mercedes-Benz A and B class cars in Hungary

November 5, 2009 | 04:10pm CEToriginal
The German carmaker will invest EUR 800 million there and hundreds of millions of Euros more in increasing production in German plant in…
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Cancellation of Opel sale angers Germany and Russia, pleases Britain though

November 5, 2009 | 12:37pm CEToriginal
Opel’s German employees have announced plans for industrial actions. German government will call for GM to repay a bridging loan…
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Goodyear Dunlop Tires wants to open 200 Premio car service shops in Czech Rep, Slovakia and Hungary by 2012

November 4, 2009 | 10:05pm CEToriginal
A part of them will fall in a new smaller concept Premio Expres. By three years there will be…
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Pneu Vranik increases production of retread tires in Slusovice, expands abroad

November 4, 2009 | 09:03pm CEToriginal
That refers to truck tires mainly but also to the unique winter tires Green Diamond with carbon silicide granules…
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Sales of new cars in Germany up by 24% in October

November 4, 2009 | 12:51pm CEToriginal
The reason is a fading influence of scrap bonuses; money provided for it was spent on September 2. Over the first ten months the sales went up by…
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General Motors not to sell German carmaker Opel

November 4, 2009 | 11:21am CEToriginal
Instead of the sale GM plans to restructure Opel in the amount of approximately EUR 3 billion. The US company gave reasons for its decision…
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IIR holds conference Insurance Business in CZ & SK in Prague in late November

November 4, 2009 | 10:54am CEToriginal
The sixth year of the event has a separate block dealing with non-life insurance; the conference is complemented with two workshops. Speakers at the conference…
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British labour unions agreed with Magna on keeping two local plants of Opel

November 3, 2009 | 09:44pm CEToriginal
Up to 600 work places will be cancelled. In Spain discussions of Magna with labour unions went bankrupt though...
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Hydro to run production near Stribro in Czech Rep, rented a part of a hall there

November 2, 2009 | 09:19pm CEToriginal
The company is now working on running production for upcoming Audi model. Hydro Automotive Structures has rented an area in project…
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EXPECTED DEVELOPMENT IN AUTOMOTIVE: Jahn: Car production in Czech Rep to stagnate in 2009, maybe to grow slightly

November 2, 2009 | 08:14pm CEToriginal
The reason of lowering the outlook will mainly be lower production of carmaker Hyundai in Nosovice. In separate automotive segments…
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German dealers luring Czech customers in borderland to buy a car or service

November 2, 2009 | 07:38pm CEToriginal
They are luring them by ecological price allowance, seven-year warranty or service inspections free of charge. The dealers are for instance…
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