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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

Car sales dropped in Slovakia in September after six months of growth

October 14, 2009 | 08:50am CEToriginal
Results for Q1-3 though show a growth by 1.5%. Over the whole year, Slovakian Automotive Industry Association (ZAP) expects…
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Goodyear Dunlop Tires goes on with management restructuring in Central Europe

October 13, 2009 | 06:25pm CEToriginal
Marketa Valtrova left the position of marketing manager for the Czech Republic. Marketing in the Czech Republic, Poland and Hungary will be the responsibility of...
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Trelleborg in Hradek acquired further orders from Audi, BMW and Volkswagen

October 12, 2009 | 11:52pm CEToriginal
The company needs to sign up 60 people in October due to the growth of orders for Audi and Volkswagen. Further orders will arrive in H1 2010, which will increase production and revenues to...
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AUTO 2009: Skoda Auto to sell more than 600,000 cars mentioned so far this year, as last year maybe

October 12, 2009 | 11:37pm CEToriginal
The expected drop of sales in Russia, Ukraine and India will be compensated by a growth in China. Sales will be boosted by new products as well; Skoda has already had orders for Yeti…
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GM signed agreement on selling brand Hummber to Chinese company Sichuan Tengzhong

October 12, 2009 | 11:02pm CEToriginal
Sichuan Tengzhong will acquire an 80% share in Hummer. The remaining 20% will fall to Hong Kong investor Suolang Duoji. Price of the transaction…
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Putin promised more money for Russian carmaker AvtoVAZ

October 12, 2009 | 10:52pm CEToriginal
French carmaker Renault holds a 25% share in it. The carmaker is interested in developing activities in Russia but has not made any particular promises…
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Kafka service opened tire repair shop and car service under head of Premio network in Prague 9

October 12, 2009 | 08:33pm CEToriginal
The company has become a franchising partner of a service concept made by company Goodyear. Kafka service offers…
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AUTO 2009: BOS Automotive not keeping up production at one of lines in Klasterec

October 11, 2009 | 11:19pm CEToriginal
The reason is the production of an innovative component of the luggage compartment for Mercedes-Benz E limousine, which the carmaker might introduce even to other models...
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Skoda Fabia suppliers do not want to fire regarding car production decline

October 11, 2009 | 09:06pm CEToriginal
Skoda Auto reduced the daily production of Fabia cars from 1,200 to 1,000 a week ago; it is planning a production shutdown, too. Suppliers intend to copy the carmaker’s solution...
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AvtoVAZ to dismiss 27% of staff, half of them to retire

October 11, 2009 | 12:54pm CEToriginal
However, the company plans to re-hire 6,000 employees for the new production line on which it has been cooperating with...
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Hyundai to produce less than sheduled 160,000 cars in Nosovice this year

October 8, 2009 | 11:54pm CEToriginal
In Q1-3 this year, the plant produced about 70,000 cars. A new model Kia Venga, whose production will start in November, is going to contribute to the overall production by...
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FRANKFURT: Volkswagen increased sales by 9.5% in August, Skoda Auto recorded less growth

October 8, 2009 | 11:33pm CEToriginal
Czech carmaker reached the highest monthly sales of this year in August. For eight months, however, sales plummeted by...
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Autobond to plan growth of sales by 30% in 2009, revenues should grow by 15%

October 8, 2009 | 10:25am CEToriginal
The reason of the expected growth of sales is mainly an expansion of its portfolio of offered brands and entry to new regions. Sales of particular brands makes…
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AUTO 2009: Carmakers and suppliers expect Christmas production shut-downs to be longer in 2009

October 8, 2009 | 09:50am CEToriginal
Passenger car market will not develop too optimistically in Q1 2010, according to them. Most carmakers will plan shut-downs from…
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CEO of Allianz pojistovna Miroslav Tacl reportedly to have been withdrawn

October 7, 2009 | 11:23pm CEToriginal
The reason should be personnel disagreements among board members. Tacl rejected to comment on anything. He should stay at the head of the insurance company until…
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IIR holding a conference on legislation in automotive industry in second half of October

October 7, 2009 | 10:56am CEToriginal
Speakers’ lectures will be concerned with European and Czech legislation, contractual relations with suppliers, legal framework of relations with dealers, block exemption…
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Skoda Auto without production director for half year

October 6, 2009 | 11:11pm CEToriginal
Horst Muhl retired from the post of board member responsible for production at the end of March. His competencies have been temporarily taken by...
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Tatra to release 530 employees in October, and reduce working week

October 6, 2009 | 10:37pm CEToriginal
The company is therefore responding to the continuing sales declines of trucks on the market. At the end of this year, Tatra plans to employ...
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US consortium Crown interested in manufacturer of passenger cars Volvo Car

October 6, 2009 | 10:03pm CEToriginal
This is the second candidate after the Chinese carmaker Geely. Crown has reportedly secured the financing, at the head of the consortium there are former chiefs of American carmakers...
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Kia Motors to build new factory producing engines in Slovakia

October 5, 2009 | 11:08pm CEToriginal
The next engine plant is also needed to maintain a synergy with the Czech Hyundai plant in Nosovice, which will supply the Kia Motors Slovakia with transmissions from the new operation...
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Faurecia to invest EUR 5 million in French plant in Audincourt

October 5, 2009 | 10:34pm CEToriginal
The investment is coming after the company has freed place in the plant by transferring a part of dashboard production in the Czech Republic…
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FRANKFURT: Investor Wilbur Ross to acquire another automotive supplier this year

October 5, 2009 | 10:12pm CEToriginal
His company IAC completed the acquisition of the company Stankiewicz in July. If carmakers were dependent on fewer suppliers, they would be able to…
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Car sales up due to scrap bonus in Italy, France and Spain in September

October 5, 2009 | 09:09pm CEToriginal
September growth of sales in these countries ranged between 5 and 20%. Basic or small models have a share in the overall car sales in France…
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Hydro obtained order from Audi for delivery of aluminum bumpers for upcoming model

October 4, 2009 | 10:51pm CEToriginal
The half-finished products will be manufactured in Norway. Assembling should proceed in a newly built plant in the Czech Republic then where problem have appeared now…
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Skoda Auto in Ukraine to switches from assembling to production subsequently

October 4, 2009 | 09:57pm CEToriginal
Its Ukrainian partner Eurocar is building a welding shop and a paint line. The amount of the investment, production capacity after extension of the plant, providers of technologies are…
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